Surging Popularity of Video Content to Drive CDN Market at CAGR 29% through 2023, Says TechSci Research

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” 

https://www.techsciresearch.com/report/global-content-delivery-network-market/1590.html  

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.

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“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.

“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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