Content Delivery Network Market Size, Growth & Global Industry Report, 2020-2021

 

Content Delivery Network Market

As per the GMI Research Report, the content delivery network market is projected to witness a growth rate of 13.7% during the forecast period. Surging demand for rich video content, among the rising online users and the adoption of digitalization in end-user verticals will bolster the content delivery network market size.

Request a free sample of Content Delivery Network Market

Content Delivery Network Market Dynamics

CDN offers several advantages such as enhanced website safety, data coherence, and upgraded website load times, less bandwidth costs, better content availability and redundancy. This is expected to elevate the growth of the content delivery network market. Growing demand for content delivery network solution and services among industries, such as e commerce, healthcare, gaming, media and entertainment, education, and advertisement owing to the rapid digitalization of industries will fuel the market growth. As per the United Nations Conference on Trade and Development, the e-commerce supply touched $25.6 trillion globally in 2018, with a surge of 8% from the last year.

The extensive increase in the usage of internet and smart devices, growing amount of data produced and content shared over the internet and rising uninterrupted content delivery over a faster data network are the major factors bolstering the market growth. As per the World Bank, around 51% of the global population, in 2018, use internet through gaming machine, computer, mobile phone, digital TV, and personal digital assistant. This has raised the application of social media platforms such as Instagram, Facebook, and Snapchat, will propel the content delivery network market share.

Solution Segment Drivers

Based on the solution, the media delivery segment is likely to witness a faster rate over the forecast period. This is owing to the growing espousal of IoT, virtual reality, wearable devices, and augmented reality. In addition, the content delivery network market report projects that the rising number of online media viewers and aggravating demand for 4K/8K Ultra HD resolution video content and intermission-free media delivery has bolstered the market size.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more