Increase cloud deployment and continued modernization of telecom networks that drive heavy investments in content delivery networks in emerging economies.
PORTLAND, OR, UNITED STATES, November 17, 2021 /EINPresswire.com/ – The size of the content delivery network industry is estimated at $ 11.629 million in 2019, to reach $ 38.689 million in 2027 and grow at a CAGR of 15.3% from 2020 to 2027. The growing need to create new milestones in various organizations and the telecommunications industry stimulates market growth. In addition, the growing demand for low latency content delivery among SMEs is driving the growth of the market. In addition, the growing need for efficient, cost-effective and interactive content delivery networks, coupled with new technologies such as augmented reality and virtual reality, provides an opportunity to reward the market expansion during the forecast period. . Should.
According to a recent report released by Allied Market Research titled “Content Delivery Network Industry by Component, Content Type, Vendor Type, and Industry Vertical: Analysis of Industry Opportunities and Forecast, 2020-2027”
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According to components, the solutions segment dominated the share of the content delivery network industry in 2019. This trend is expected to continue during the forecast period as it allows the organization to focus on its main activities. , Provide new functionality for the app, etc. Contributing in particular to the growth of the world market. However, the services segment will show the highest growth rates over the next several years due to the increasing demand for a variety of services such as professional and managed services. In addition, the use of content delivery networks is increasing in various industries such as BFSI, IT and Telecommunications, and the demand for services in the world will increase, which will provide an opportunity for the global CDN market. For example, in May 2020, global content delivery network service provider Akamai Technologies partnered with Conviva, a global leader in media and video streaming, to provide better API services to improve performance. Live Together user experience.
On the basis of provider type, the traditional CDN segment dominated the overall CDN market share in 2019 and is expected to continue this trend during the forecast period. Hosting these websites traditionally becomes difficult due to the single point of presence of the server, so the content delivery network helps it to create a faster, secure, and cost effective network for better customer experience, resulting in better customer experience. will create lucrative opportunities in the global content delivery market. However, the peer-to-peer CDN segment is expected to experience the highest growth due to factors such as the increasing use of multiple CDN infrastructures such as client-side CDN switches. A peer-to-peer CDN uses end device information to determine the best content consumption ratio from edge servers in a content delivery network and other end devices providing the same content. This will provide many growth opportunities for the CDN market.
After COVID-19, the global content delivery network industry is expected to grow from $ 14,242 million in 2020 and reach $ 38,689 million by 2027, with a CAGR of 15.3%. The COVID-19 outbreak is positively impacting the growth of the content delivery network industry as content delivery network technologies help businesses meet the demand for expanded capacity of Internet traffic. Most Internet and data service providers are seeing around 30-45% year-over-year growth in global Internet traffic. There is a growing need to ensure that content delivery network service providers have sufficient capacity and capacity to provide a content delivery network with high performance during traffic demand. increased. Therefore, the service providers, such as the local mobile network operator and the leading service provider, are investing heavily in the content delivery network in a number of use cases.
Additionally, the COVID-19 pandemic is opportunistic for the growth of the content delivery network industry, as the content delivery network helps the organization achieve its business goal during work-from-home initiatives. The Content Delivery Network is seeing increasing popularity and attention from industry and academia researchers as a way to reduce data search costs and generate revenue streams for service providers due to the networking features. During the COVID-19 pandemic, organizations that deployed a content delivery network earlier were able to quickly adapt to new partners and business demands resulting from work-from-home mandates. The content delivery network helps organizations cope with the ongoing pandemic and maintain economically positive operations.
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Main conclusions of the study
â¢ By component, the solutions segment dominated the content delivery network industry size in 2019. However, the services segment is expected to show significant growth during the forecast period.
â¢ Based on content type, dynamic content segment accounted for the highest revenue in the content delivery network industry in 2019; However, the dynamic content segment is expected to experience the highest growth rate during the forecast period.
â¢ Depending on the type of provider, the traditional CDN segment generated the highest revenue in 2019. However, the peer-to-peer CDN segment is expected to experience the highest growth rate in the near future.
â¢ Regionally, the CDN market was dominated by North America. However, Asia-Pacific is expected to experience significant growth in the coming years.
This report gives a detailed profile of some key market players in Content Delivery Network industry are Akamai Technologies, Microsoft Corporation, IBM Corporation, Limelight Networks, Amazon Web Services, Inc., Google LLC, Lumen Technologies, Cloudflare, Inc, Citrix Systems and Rackspace Technology. This study includes content distribution networks industry trends, analysis of the content distribution networks industry, and future estimates to determine impending pockets of investment.
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