The content delivery network market reached ~US$ 7 Bn in 2018, and is anticipated to grow at an impressive CAGR of ~19% during the forecast period of 2019-2029. The constant shift from hardware-based network functionality to software-based networking, which is built on virtualized infrastructure, is moving on an upward swing, thereby potentially raising the demand for content delivery network.
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The rising ubiquity of smartphones and high-speed internet access have resulted in the emergence of OTT content and popularity of live-streamed events such as sporting events and concerts. The result has led to increasing demand for content delivery network that enables consumers to gain access to information based on their geographic locations.
Key Take aways from Content Delivery Network Market Study
- Most of the content delivery network providers are eyeing Asia Pacific to expand their business, in the view of increasing demand for video streaming and online gaming in the region.
- Continuous innovations and rapid penetration of advanced technologies such as DevOps, virtualization, APIs, and real-time analytics are expected to create windows of opportunities in the content delivery network landscape.
- As regulatory policies continue to have a significant impact on the evolution of content delivery network ecosystem, market stakeholders are strengthening their partnerships with regional and local players to lower the costs and broaden consumers’ choices.
- Customers are demanding for more predictability in content delivery network services spending and price transparency, thereby compelling service providers to redefine their strategies.
- Continuous adoption of advanced technologies, such as the Internet of Things (IoT), and increasing penetration of smartphones and internet are some of the factors bolstering the demand for content delivery network services across the globe.
- FMI reports that the demand for content delivery network in media and entertainment vertical is likely to increase at the CAGR of ~21% during the forecast period.
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As the content delivery network market is becoming more diverse and competitive, expectations of enterprises from the service providers are evolving in line with their ongoing journey of digital transformation. Players in the content delivery network market should be focusing on reducing the cost and delivering video programming with improved reliability and high possible picture quality,” says the FMI analyst
Product Innovation Remains Key to Gaining Distinct Competitive Edge
Top players in the content delivery network market are holding a major portion of the market. Moreover, various key players in the market are focusing on product innovations and geographic expansions through partnerships and collaborations with local and regional players in order to maintain their supremacy in the market
- In April 2019, Akamai highlighted several innovations and initiatives within its live and on-demand streaming media service, Adaptive Media Delivery. These new innovations in its content delivery network solution help broadcasters to deliver high quality and secure online streaming experiences.
With advent of advanced technologies and increasing IP traffic around the world, the content delivery network market has been witnessing a rapid growth, in recent years. A notable rise in consumption of rich media content and rapid investments in improving the broadband infrastructure in several countries are further likely to work to the advantage of the market players
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More Valuable Insights on Content Delivery Network Market
In the new study, Future Market Insights turns the spotlight on the content delivery network market to offer in-depth insights and unbiased analysis, which will help arm the stakeholders with vital information to take critical decisions. The content delivery network market has been studied in terms of service, application, vertical, and service provider across seven key regions.
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