The market for convergent cable access platforms (CCAP) and cable modem termination systems (CMTS) is anticipated to expand from USD 6.7 billion in 2024 to USD 10.4 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%.

One of the main drivers propelling the industry is increased investment in broadband services as opposed to fiber optic networks. For many service providers, updating current cable networks with CMTS and CCAP is a more economical option. Because of this, it's a good choice for both well-established businesses and those looking to extend their service offerings in developing nations.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120044037

Throughout the projection period, the Converged Cable Access Platform sector is anticipated to grow at the fastest rate.

because video and internet services are becoming more and more integrated. The combination of data and video services on one platform is made possible by CCAP. This integration improves the efficiency of delivering broadband and video services across cable networks, simplifies network architecture, and lowers operational complexity. The cable industry is moving toward Distributed Access Architectures (DAA), which entail moving the CMTS (Cable Modem Termination System)'s previously centralized functions closer to end customers. This shift is made easier by CCAP, which also lowers latency and increases network scalability and efficiency.

The CMTS market's virtual CMTS is expected to grow at the fastest rate over the forecast period.

The creation and implementation of vCMTS have been impacted by the broader trend of network virtualization and the acceptance of Software-defined Networking (SDN) principles. Increased adaptability, scalability, and effective resource use are made possible by virtualization. With it, cable operators can execute CMTS operations on conventional commercial off-the-shelf (COTS) hardware and maximize network resources. Because it does away with the requirement for specialized and proprietary hardware, this can result in cost reductions both in terms of capital and operating expenses.

Asia Pacific's CMTS and CCAP market is anticipated to expand at the fastest clip throughout the course of the forecast period.

As a result of the Asia Pacific region's growing urbanization and population growth, there is a greater concentration of potential broadband users in this area. This has led to an increase in demand for high-speed internet services as bandwidth-intensive applications like streaming, online gaming, and remote work become more common. Furthermore, the automotive, industrial, and consumer electronics verticals all have significant hubs in Asia Pacific. Large-scale investments and corporate expansions are increasingly concentrated in this region globally. These kinds of factors will eventually drive the CMTS and CCAP markets.