Global Hybrid Fiber Coaxial Market is segmented By Technology (Below DOCSIS 3.0, DOCSIS 3.0, DOCSIS 3.1), By Components (CMTS/CCAP, Fiber Optic Cable, Amplifier, Optical Node, Optical Transceiver, Splitter), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
The Global "Hybrid Fiber Coaxial Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
- A Hybrid fiber- coaxial network is also known as fiber coax. It is a telecommunication technology in which fiber cable and coaxial cable are combined for delivering video, telephony, voice telephony, data, and other interactive services over these cables.
- Rapid surge for the need of high rate data transmissions with low latency has been driving the market in recent years and is expected to have a higher influence on the market in the forecast period. Overall, the market is anticipated to grow at a high CAGR during 2019-2026.
- The growth of the Internet of Things (IoT) applications worldwide is one of the significant factors that are driving the market growth. Hybrid fiber-coaxial has gained remarkable consideration for data transfer in IoT applications. Because it is cost-effective and offers high bandwidth compared to other technologies.
- High bandwidth also offers benefits such as less download time, flexibility to multiple concurrent online applications and users, and faster data transfer. According to Secure Technology Alliance, in 2017, there were 8.4 billion IoT-connected devices, and it is predicted to reach 20.4 billion devices by 2025.
- However, factors such as troubleshooting, data congestion, and maintenance issues are hampering the growth of the global hybrid fiber-coaxial market.
- Based on technology, the global hybrid fiber-coaxial market is broadly segmented as below DOCSIS 3.0, DOCSIS 3.0, and DOCSIS 3.1. Among all these DOCSIS 3.1 accounted for significant market share in 2018 and over the forecast period, it is expected to grow at a higher CAGR. DOCSIS 3.1 is the latest version among others, and it has been mostly adopted due to its capacity and speed compared to the other versions. With this technology, cable providers can deliver up to 10 Gb/s speeds downstream and 1 to 2 Gb/s upstream. Also, DOCSIS 3.1 increases capacity by allowing the use of a higher-range spectrum, rather than increasing the size by adding more nodes for handling more premises.
- The global hybrid fiber-coaxial market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America occupies the dominant share in the hybrid fiber-coaxial market and is expected to grow at a CAGR of XX% in the forecast period.
- Companies in this region are implementing hybrid fiber-coaxial to make rapid technological advancements and to manage increasing data congestions in the network. Also, cloud-based services are expected to propel the demand for hybrid fiber-coaxial networks in this region to deploy a reliable, high-speed, and robust system.
- According to the North American Cloud Adoption Survey 2016, on average, 75% of surveyed organizations plan to leverage new or additional cloud services in the next three years.
- Significant players of the hybrid fiber-coaxial market are Arris, Technicolor, Telefonica, Cisco, Corning, Ciena, CommScope, Teleste Corp., PCT International, Vecima Networks, Finisar, Bentley Systems, and others.
- The diversified product portfolio is the primary factor that is responsible for strengthening the position of these companies in the market. Also, they have been adopting key strategies, such as new product developments, acquisitions, and expansions, to increase their share in the hybrid fiber-coaxial market.
- For instance, in June 2017, Ciena implemented DOCSIS 3.0 into its networks to improve upstream and downstream speeds. In June 2018, Corning Inc. acquired the Communication Markets Division of 3M Company. In July 2017, Teleste joined Antronix to introduce the Next Generation Gigabit cable access network. In May 2016, Vecima introduced DOCSIS 3.1 Distributed Access Architecture platform in its systems.
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