The outbreak of the COVID-19 pandemic has had a positive effect on the content delivery network market, as content delivery network technologies have helped various end-user organizations to meet high-capacity needs. of web traffic. While stuck at home due to the COVID-19 pandemic, other people around the world have switched their work, school and university to an online mode. This caused a 50-70% increase in web traffic. With an increase in web consumption, content delivery networks were at the top of the call to deliver content to various end users in a secure and timely manner. An Adobe report stated that overall online spfinishing was $82. 5 billion in May 2020. This overall online spfinishing increased 77% over last year. American gamblers reported that PC gambling has increased by 45% compared to the pre-COVID era. Twitch’s daily viewership in the US more than doubled in the first quarter (Q1) of 2020, and in May, game sales were up approximately 52% compared to last year.
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Scope of the report
Regional summaries
The North America region is expected to witness significant expansion in the CDN market. The expansion in this region is attributed to the growing number of Internet content users. In addition, the presence of vital players in the market, such as Microsoft Corporation, based in Washington, USA. The U. S. government, and projects taken through the government are contributing to the expansion of the content delivery network market in the region. In addition, startups like Fastly and StackPath are also contributing particularly to the expansion of the content delivery network.
The Asia-Pacific (APAC) region is expected to witness the largest expansion in the content delivery networks market due to the immediate progression in the IT and telecom picture. In addition, strong economic expansion pushes corporations to invest in the content delivery network to improve productivity. In addition, points such as getting better technological advancement, virtual transformation, and cloud deployment are also driving the expansion of the content delivery network market in the APAC region.
Europe is expected to experience remarkable expansion in the content delivery network market due to the immediate adoption of social, cellular and cloud analytics (SMAC) technologies and the increasing traction of virtual truth (VR) and augmented truth (AR) programs in media, entertainment and gaming. The content delivery network market in the Middle East region is expected to grow due to the adoption of new technologies and smart devices. In 2021, Medianova expanded its presence in Qatar, Kuwait and the United Arab Emirates. Emirates and is the fastest content delivery network in the Middle East region.
Due to low literacy levels and civil war in African countries, the use of content delivery network facilities in the African region is expected to grow at a slow pace. With a greater awareness of the benefits of content delivery networks for greater security in the cloud. , the content delivery networks market is expected to grow particularly in the Latin America region in the coming years.
Market dynamics:
Engine: Growing preference for content delivery network for dynamic content needs
Content delivery networks (CDNs) are exceptionally competitive in terms of quality of service (QoS) compared to virtual content distribution. Therefore, market players tend to leverage edge servers for localized caching, which makes dynamic security incredibly critical.
Network purpose virtualization (NFV) and software-defined networking (SDN) technologies are gaining traction. These technologies offer installations with high performance standards, without requiring a massively distributed infrastructure. NFV and SDN technologies are also creating significant market expansion opportunities with large-scale cloud systems.
Content delivery networks (CDNs) not only provide the quality and speed of video content and streaming, but also offer superior levels of incredible power and reliable security in terms of scalability. Content delivery networks can deliver those benefits by outsourcing content control and cutting knowledge garage costs.
Restriction: Technical difficulties and network connectivity in video streaming
Video on call is complex to handle technically, especially on mobile devices. Mobile devices are basically divided into 3 types of operating formulas (OS): iPhone (iOS), Android and Windows operating formula. Different operating formulas offer different protocols and functions. criteria for the transcoding process. As a result, maintaining the required integration becomes a bit complex for content delivery network providers. A slower web connection speed negatively affects the functionality and quality of a live video.
Some emerging countries in the Asia and Africa regions are experiencing serious connectivity issues, such as weak and fluctuating connectivity, inconsistent speed, and prolonged downtime. Such situations tend to obstruct the effective functioning of video streaming responses and have an effect on their adoption. This particularly affects the expansion of the content delivery market.
Market Opportunity: Immediate Progression of the E-Commerce Industry to Content Delivery Network Expansion
The booming e-commerce sector and content delivery network needs have also particularly driven CDN adoption rates in recent years. As e-commerce verticals gain popularity with video content delivery over cellular networks, the software-as-a-service (SaaS) content delivery network is expected to show increased demand in the near future.
According to India Brand Equity Foundation (IBEF), the Indian placeplaceplaceplaceplace e-commerce market is expected to surpass other mature placeplaceplaceplaceplaces markets and become the third largest global placeplaceplaceplaceplaceplace market with a length of $350 billion till 2030. The placeplaceplaceplace e-commerce market in Germany is expected to exhibit a compound annual expansion rate (CAGR) of 8. 71% from 2023 to 2027 with a projected marketplaceplaceplaceplace volume of approximately $175. 3 billion through 2027. Therefore, owing to the immediate expansion of e-commerce marketplaceplaceplaceplace in the emerging and evolving countries of the world, the content delivery networks market is also expected to grow accordingly during the examination period.
Market challenge: fluctuations in website and app monetization
Monetizing Internet apps and sites has helped businesses convert network traffic on Internet apps and sites into revenue. Many online Internet pages can result in a low quality of experience (QoE) for users of those sites.
There are many disruptions with monetization, such as latency in receiving rich media files, slower page response, and unbalanced loading of Internet pages. are useful to users and provide a simplified Internet experience.
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