Kenneth Research, in its repository of market research reports, have recently added a report on Content Delivery Network (CDN) Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Content Delivery Network (CDN) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Content Delivery Network (CDN) Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
The recent improvement in bandwidth cost has vastly increased the consumption of the internet across different regions; however, its limited availability has given rise to traffic congestion and latency issues. Today, approx. 50% volume of content consumed over the internet, globally, is served by CDNs.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
A content delivery network or content distribution network (CDN) is a large distributed system of proxy servers deployed in multiple data centers via the Internet. The goal of a CDN is to serve content to end-users with high availability and high performance. CDNs serve a large fraction of the Internet content today including web objects (text, graphics, and scripts), downloadable objects (media files, software, documents), applications (e-commerce, portals), live streaming media, on-demand streaming media, and social networks. The usage of Content Delivery Networks (CDNs) is rapidly growing in the era of mobile and app-based internet. The effort to simplify navigation and improve user experience is taken both by vendors and network operators.
Factors that are driving the market are fast browsing rate with less loading time and also the product associated with lowering the cost to help desk. SEO benefits existing in the field also act as a major driving factor in the content delivery network market. This is, in turn, increasing the market and proportion of service. Although several factors such as blocked access, security concerns and complexity of the system are restraining factors for the growth of the market.
CDN market in various industrial sectors, the audience with mobile CDNs and pricing technique are the key factors which are affecting the overall market to a great extent
The market of affective computing is segmented on the basis of application, industrial sector, and by service and functionalities. Geographically the market is segmented into North America (US, Canada), Europe (UK, Italy, Spain, France, Germany, RoE), Asia-Pacific (India, Japan, Australia, China, Korea, RoAPAC) and Rest of World (Latin America, MENA, and Africa). The key providers of Content delivery network providers include IOL Netcom, Aksh optifibre, Accelion etc.
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Companies profiled include
1 Aksh Optifibre ltd
2 IOL Netcom
3 Time Broad Band Services Group
6 Amazon Cloudfront
16 Level 3
19 Tata Communications
21 Mirror Image
28 Rapidedge (Peer 1 Hosting)
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