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.

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DOCSIS 3.1 technology upgrade cycle and government 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.

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.

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The rising need for real-time parking availability information along with guidance, smart city projects, and the increase in number of vehicles are some of the major factors responsible for the growth of parking reservation system market worldwide.

According to the new Market Research Report "Global Parking Reservation Systems Market by Type (On-street, Off-street), by Solution (Web-based, Mobile Application-based, Voice Call-based), by Vertical, by Geography (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) - Analysis and Forecast to 2019".

Browse through the TOC of Global Parking Reservation Systems Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Busy places such as airports, shopping complexes, multiplexes and the business centers where parking demand is high. Due to several limitations such as limited parking availability, high traffic during peak hours and others. The increase in traffic congestion has become prominent these days and one of the major reasons are the drivers who search for the vacant spaces for parking. Moreover, the growing population vis-à-vis increasing vehicles are also the major factors for traffic congestion.

To address this situation, Parking Reservation Systems is playing a prominent role through which the drivers can get the parking availability information within certain area, can decide their desire parking destination as well as where the parking lot has vacant spaces, accordingly. The parking reservation systems get directly connected to the smart parking system which gives accurate vehicle occupancy in real-time, guide the visitors and residents to the available spaces by simplifying the parking experience. Also, this gives value addition for the parking stakeholders such as merchants and drivers.

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The number of vehicles is increasing at an exponential rate worldwide, which evolved the need for more parking slots in different regions especially in North America, Europe and APAC. With result of the rising disposable incomes of consumers, along with the increasing global population, the problem of traffic congestion in these regions has become more severe .The U.S. holds the highest number of vehicles, globally;  also with the increasing population in China and India, the need for efficient parking reservation systems is expected to rise in these countries. Considering these trends, the U.S., China, and India are expected to be the major contributors to the global parking reservation systems market in the coming years. The Parking Reservation Systems is already being implemented rigorously in the smart city projects and sectors including Transportation Transits, Retail, Government & Municipalities and others

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MicroMarketMonitor considers the significance of parking reservation system and are coming up with the report on parking reservation system, which will discuss relevance of the market, size of the market, latest trends and technologies in the market, factors driving the growth of the market, market’s restraints, market opportunities, leading players in the market, and their strategic moves in the market and such others.

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North American region’s mobile and wireless backhaul market was estimated at $5,191.4 million in 2013. This market is projected to grow at a pace of 8.9% on an annual basis. This growth is projected to reach $7,946 million by the end of year 2018. The main factors behind the growth of this market are the newer technological innovations in network backhaul and the progress of Ethernet backhaul industry. However, the various service providers have to overcome the challenges posed by the saturation in the telecom subscriber base. The major market players in North America Mobile and Wireless Backhaul Market are Huawei, Ericsson, NEC, and others.

Browse through the market data tables, figures and detailed ToC on the “North America Mobile Wireless and Backhaul Market”.

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During the last few decades, there had been an explosion in the number of telecom subscribers. Also, market penetration of mobile devices has increased. This has led to over-congestion in the current means of data transmission, which in turn has given rise to the emergence of wireless and mobile communication solutions that are used for data transmission between 2 nodes or access points. This technology is better known as mobile and wireless backhaul systems.

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The demand for this market would continue to grow since the market for smart devices and 4G/LTE is on rise. Leaders in the global mobile and wireless backhaul market are Ericsson, Huawei, NEC, NSN and ZTE.

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Related Reports:
Europe Mobile Wireless and Backhaul Market
The Europe Mobile and Wireless Backhaul market is expected to grow from $3,488.1 million in 2013 to $5,645 million in 2018 at a CAGR of 10.1% during the period 2014-2018. The market is primarily driven by the growing telecom operators and new affordable network plans for the end-users.
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The vast unattended audio and video data available in the enterprises along with the increasing concern to know about the insights and objectives of the consumers are the factors contributing to the growth of the North America speech analytics market.

Browse through the TOC of the North America speech analytics market.

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Speech analytics, also known as audio mining, is used to spot and analyze spoken words which bring structure to interactions and reveal information buried in the customer contact centers. It is highly essential for the smooth running of a business. This technology empowers the organizations to extract useful insights from the vast unstructured qualitative data that lies/is available in the enterprises. The countries such as, the U.S., Canada, and Mexico are the mature markets for speech analytics solutions in the North American region. The North American speech analytics market is primarily driven by the increasing usage of the applications supporting the speech analytics technology to extract valuable business intelligence through the unattended audio and video data. This has also led to increase in the number of investments in the speech analytics solutions by the leading market players. For example, NICE Systems (Israel) acquired Verint’s HQ (Melville, New York) with a view to expand the company’s business by augmenting the fast product development. This deal aimed at combining the two companies in the security and analytics software market. 

The speech analytics solutions in the U.S. and Canada are expected to witness the highest CAGR in the coming years. The growing customer interaction management and impact analysis on the consumers are the factors driving the North American speech analytics market.   Various organizations are using various speech analytics tools, such as, speech engine, query engine, indexing and analysis software to understand customer voice and derive value added information from the raw audio and video data. The media sources help in the collection of huge amounts of data while the speech analytics solutions help in meeting the customer objectives and aspirations. Microsoft Corporation (U.S) acquired Netbreeze to develop social analytics and customer relationship monitoring. This acquisition is expected to strengthen Microsoft Dynamics by providing multilingual access to the social networking platforms.

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The factors, such as, rapid adoption of the networking technology and extensive use of call centers are contributing to the growth of the North American speech analytics market. Moreover, the organizations operational in the North American region are considered to be tech savvy and innovative. The quest to have a competitive edge over each other, has led these organizations to use the advanced technologies increasingly and get the best out of them.  

The Banking Financial Services and Insurance (BFSI) segment of the speech analytics is considered as a promising market, with number of opportunities for the market players. The factors such as, the lack of visibility in user interaction with data and application, changes in rules and regulations are restraining the growth of the speech analytics market in the North American region.

 

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