Global Content Delivery Network (Static and Dynamic) Market Report 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 27, 2019--
The “Content Delivery Network Market by Content Type (Static and Dynamic), Component, Application Area (Media and Entertainment, eCommerce, eLearning, Online Gaming, Healthcare Services and Enterprises) and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global content delivery network market size is projected to grow from USD 12.3 billion in 2019 to USD 22.1 billion by 2024, at a CAGR of 12.3% from 2019 to 2024.
Major growth factors for the market include increasing IP traffic, growing media delivery business, and a tremendous shift in media content developers affecting content distribution channels.
Solutions segment to hold a larger market size in 2019
Increasing digitalization across the globe is expected to drive the adoption of CDN solutions. Digitalization trends, such as BYOD, CYOD, mobility, and social media marketing, have eased the operations of organizations and increased the traffic over the existing networks. Moreover, the availability of low-cost bandwidth has made the internet accessible to every individual, which has also changed the data consumption trend dramatically. The advent of social media and mobile apps has extensively added to data consumption.
By provider type, other key innovators to register a higher growth rate during the forecast period
The other key innovators segment includes blockchain CDN (B-CDN) providers. The B-CDN exploits the advances of blockchain technology to provide a decentralized and secure platform for connecting Content Providers (CPs) with their users/customers. B-CDN creates an immutable public database of the requested contents (from all CPs), based on which, each CP can better evaluate the user preference on its contents. B-CDN provides win-win benefits to both, CPs and users, where the B-CDN improves user quality of experience and reduces the cost of delivering content for the CPs.
Asia Pacific (APAC) to register the highest growth rate during the forecast period
The APAC CDN market is experiencing a disruptive growth, owing to its rapidly growing number of internet subscribers and consumption of internet over smartphones and other portable devices. The market is expected to grow at an even higher rate than present due to the ever-increasing consumption of content in major APAC economies such as India, China, Japan, Hong Kong, and Singapore. Moreover, the massive growth in the eCommerce industry and the adoption of internet TV in major have fueled the growth of the CDN market, making APAC one of the fastest-growing regions in the CDN market.
Major vendors offering content delivery network solutions include
For more information about this report visit https://www.researchandmarkets.com/r/d9pc7
View source version on businesswire.com:https://www.businesswire.com/news/home/20190527005197/en/
Laura Wood, Senior Press Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Content Management
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY OTHER ENTERTAINMENT TELECOMMUNICATIONS GENERAL ENTERTAINMENT
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/27/2019 10:31 AM/DISC: 05/27/2019 10:31 AM