Middle East & Africa Content Delivery Network Market to Grow at 31% CAGR through 2023
Growing technological developments, increasing
internet penetration, and expanding e-commerce market to drive Middle East
& Africa content delivery network market through 2023
According
to TechSci Research report, “Middle
East & Africa Content Delivery Network Market By Type, By Service Provider, By Solution,
By Adjacent Service, By End User, By Country, Competition Forecast & Opportunities,
2013 – 2023’’, content delivery
network (CDN) market in Middle East & Africa is forecast to grow at a CAGR
of 31% through 2023, on the back of increasing penetration of video content and web-based
applications. Rising demand for SMAC technologies, growing
adoption of digitalization of financial services across BFSI sector and
increasing user traffic across e-commerce websites are some of the other
factors expected to fuel the market in the coming years. Moreover, rising demand
for reduced web latency, technological developments and increasing BYOD and
connected devices adoption are anticipated to fuel Middle East & Africa CDN
market during forecast period.
Browse 34 Figures spread through 61 Pages and an in-depth
TOC on"Middle East & Africa Content Delivery Network Market"
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Saudi
Arabia leads the region’s CDN market, on the back of huge investments across
its nascent entertainment industry and growing retail sector. Media & entertainment sector
dominated Middle East & Africa content delivery network market in 2017,
owing to growing popularity of live media streaming services, rising
penetration of video content across social media sites and increasing adoption of
video and audio content as well as web-based media across the region. Cloud security
solution segment is expected to register fastest growth rate, backed by growing
adoption of IoT, BYOD and other technologies coupled with increasing need to
minimize cyberthreats and attacks.
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“Increasing consumer spending is driving a number of
local and international retailers along with investors and fashion brands
towards Middle East & Africa retail & e-commerce sector. With growing
adoption of digitalization by traditional media and retail companies as well as
e-commerce websites, demand for CDN solutions is expected to continue growing
in Middle East & Africa over the coming
years.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Middle East & Africa Content Delivery
Network Market By Type, By Service Provider, By Solution, By Adjacent Service,
By End User, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of content
delivery network market in Middle East & Africa and provides statistics and
information on market structure, size, share and trends. The report is intended
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Middle East & Africa content delivery network market.
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