Surging Popularity of Video Content to Drive CDN Market at CAGR 29% through 2023
Rising number of websites streaming media-rich
content, expanding Over the Top (OTT) media service market, increasing adoption
of e-commerce & online gaming, and growing smartphone and internet
penetration to uplift the global content delivery network market through 2023
According
to TechSci Research report, “Global Content Delivery Network Market By Type, By Service Provider, By Solution, By
Adjacent Service, By End User, By Region, Competition Forecast &
Opportunities, 2013 – 2023’’, the global content delivery
network (CDN) market is forecast to grow at a CAGR of more than 29% during 2018
- 2023. Increasing focus towards developing media-rich web
pages, improving
performance of websites, mitigating website downtime coupled with growing
number of mobile devices and rising internet penetration is expected to fuel
CDN market across the globe in the coming years. Moreover, growing popularity
of e-commerce, OTT media services and online gaming is anticipated to further aid
growth in the global CDN market.
Browse 123 market data Tables and 108 Figures spread through 227
Pages and an in-depth TOC on "Global Content Delivery Network Market"
Video CDN dominates the global CDN
market, owing to growing popularity of video media streaming services, such as
YouTube, Hulu, Netflix, etc., increasing presence of video advertisement on
websites and rising popularity of 4K content. Cloud security CDN solution is
expected to register the fastest growth rate in the market, backed by rising
number of cyber threats, growing data on the internet network and capability of
CDN to help with mitigating cyber attacks on the origin server. North
America holds the largest revenue share in the CDN market, globally, owing to
high awareness regarding OTT media services, online gaming, growing demand for
Web Performance Optimization (WPO) solutions and increasing number of telco and
cloud service providers foraying into the CDN market in the region.
“Upsurge in the adoption of fog & edge computing,
increasing digitalization in the BFSI sector and growing penetration of online
Virtual Reality (VR) and Augmented Reality (AR) applications, games, etc., is
anticipated to bolster demand for CDN. To grow customer base and provide
uninterrupted services, companies are looking into boosting the performance of their
websites and minimizing latency time, which is expected to provide lucrative
opportunities to global CDN providers during forecast period.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
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“Global
Content Delivery Network Market By Type, By Service Provider, By Solution, By
Adjacent Service, By End User, By Region, Competition Forecast &
Opportunities, 2013 – 2023” has
evaluated the future growth potential of content delivery network market and
provides statistics and information on market size, structure and future market
growth. The report offers decision makers superior market intelligence, thereby
enabling them to conduct thorough investment appraisal. Besides, the report
also analyzes the evolving trends along with major drivers, challenges and
opportunities in the global content delivery network market.
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