The CMTS and CCAP market held USD 2.72 Billion in 2016 and is expected to be valued at USD 7.23 Billion in 2023, at a CAGR of 10.96% during the forecast period. The factors such as the increasing investment in broadband services, the advent of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, and growing demand for IoT are driving the growth of this market.
The CMTS and CCAP market has entered the growth phase and is expected to grow further in the near future. This market is expected to be valued at USD 7.23 billion by 2023, at a CAGR of 10.96% between 2017 and 2023.
The growth of this market is driven by the increasing investment in broadband services, the advent of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, and growing demand for IoT
Access Report @ www.marketsandmarkets.com/pdfdownload.asp?id=120044037
DOCSIS 3.1 technology upgrade cycle andgovernment focus on cable digitalization are expected to provide new opportunities to CMTS and CCAP systems. DOCSIS upgradation is expected to provide a new opportunity for CMTS and CCAP market.
Rising demand for high-speed internet and video streaming services are pushing MSOs to upgrade their existing headend systems with DOCSIS 3.1 compatible systems. Moreover, with a high penetration rate of fixed broadband subscription, cable operators worldwide are investing heavily to digitalize their cable network.
CCAP systems present tremendous growth opportunities for the CMTS and CCAP market as well as to the CMTS and CCAP market players. The CMTS and CCAP industry is highly dependent on consumer application.
An increase in the demand for high speed internet and OTT services are reinforcing the CMTS and CCAP market.
CCAP is expected to grow at a higher CAGR during the forecast period. CCAP demand is rising owing to the booming internet and over the top (OTT) services, which, in turn, is driving the adoption of new headend hardware.
CCAP is capable of fulfilling all the requirements related to high-speed internet and OTT services, whereas CMTS is lagging. However, the cable industry’s DOCSIS 3.1 upgrade is also a major instigating factor for high adoption of CCAP.
The market for DOCSIS 3.1 compatible systems is expected to grow at a higher CAGR during the forecast period. DOCSIS 3.1 compatible system is expected to start dominance from 2022 owing to the increasing demand for high-speed internet and OTT services such as internet TV, video on demand, music, and communications.
Make an Inquiry @ www.marketsandmarkets.com/Enquiry_….asp?id=120044037
Data processing by CMTS and CCAP systems in the consumer application is expected to grow at a higher CAGR. This growth is directly proportional to the number of broadband subscriptions that are subscribed by consumers.
This, in turn, affects the network infrastructure market and increases the demand for CMTS and CCAP systems.
The market in RoW is expected to grow at the highest CAGR owing to the emerging broadband demand in the region. In the deployment of IoT technology in South America, the network infrastructure can play an integral role in connecting different devices.
North America has emerged as a major consumer for the CMTS and CCAP market. Increasing demand for high-speed internet and OTT services is expected to propel the CMTS and CCAP market.
Major companies, such as Arris, Harmonic, and Cisco, are launching their products in this region. Moreover, DOCSIS 3.1 upgrade is encouraging CMTS and CCAP system manufacturers to manufacture systems with DOCSIS 3.1 specification.
Access Report @ www.marketsandmarkets.com/Market-R…et-120044037.html
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...