CMTS/CCAP market to reach $7 billion by 2023
According to MarketsandMarkets, the CMTS and CCAP market is estimated to be worth $3.87 billion by 2017 and is likely to reach $7.23 ...
According to MarketsandMarkets, the CMTS and CCAP market is estimated to be worth $3.87 billion by 2017 and is likely to reach $7.23 billion by 2023, at a CAGR of 10.96% between 2017 and 2023.
The research house says the major factors driving the market include increasing investment in broadband services, the advent of over-the-top (OTT) services such as Netflix, Amazon Prime, and Hulu, and growing demand for Internet of Things (IoT) applications.
CCAP is expected to hold the largest market share in the forecast period. The CCAP market is growing because of booming Internet and over the top (OTT) services, which 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. The cable industry's DOCSIS 3.1 upgrade is also a major instigating factor for high adoption of CCAP. The CMTS market is expected to continue to fall slowly.
DOCSIS 3.1 standard systems to hold the largest market share during the forecast period. With the increased demand for CCAP systems and DOCSIS 3.1 across verticals, the market for DOCSIS 3.1 standard systems is expected to hold the largest market in the forecast period. It is expected to continue the same during the forecast period owing to the increase in the demand for high-speed Internet and OTT services such as internet TV, video on demand, music, and communications.
North America is expected to hold the largest market share during the forecast period. 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 upgrades are encouraging CMTS and CCAP system manufacturers to manufacture systems to the DOCSIS 3.1 specification.