Expanding Over the Top (OTT) market, increasing popularity of online gaming, and growing smartphone and internet penetration driving development of mobile webpages and applications to fuel North America content delivery network market through 2023
According to TechSci Research report, “North America 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 North America is forecast to cross $ 11 billion by 2023. Key factors expected to drive the market include increasing acceptance of Over the Top (OTT) media services, surging popularity of 4K video content, and growing smartphone and internet user base across the region. Moreover, increasing focus towards improving performance of websites, reducing latency and mitigating cyber threats is further boosting demand for CDN solutions. Growing digitalization in BFSI sector, increasing complexity of websites, and surging number of traditional media and retail companies adopting digital platforms are also anticipated to fuel North America CDN market during forecast period.
United States dominates the region’s content delivery network market, owing to high awareness regarding OTT media services, growing popularity of online gaming, and an increasing number of telco and cloud service providers foraying into the CDN market in North America. Video CDN accounts for the largest market share, backed by growing popularity of video media streaming services, such as YouTube, Hulu and Netflix, 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, on account of increasing number of cyberthreats, growing data on the internet network and capability of CDN to help with mitigating cyber attacks on the origin server.
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“Increasing digitalization in the BFSI sector and growing penetration of online Virtual Reality (VR) and Augmented Reality (AR) applications and games are anticipated to bolster demand for CDN across North America. To grow customer base and provide uninterrupted services, companies are looking to boost the performance of their websites and minimize latency time, which is expected to provide lucrative opportunities to North America CDN providers during forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“North America 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 North America 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 North America content delivery network market.
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