iCrowd Newswire – Jul 29, 2020
Global Mobile Content Delivery Network Market Research Report?—?By Component (Hardware), Type (Video Content Delivery Network, Non-Video Content Delivery Network), End Users (Media & Entertainment, IT & Telecom)- Forecast Till 2023
The global mobile content delivery network market is growing at a rapid pace across North America, Europe, Asia Pacific, and rest of the World. In the North American region, the mobile content delivery network market is experiencing a huge demand due to increasing usage of the internet services which is boosting the market growth. The mobile content delivery network demand is growing with increasing proliferation of media files. It also offers reduced bandwidth usage, and provide availability of content over a mobile network.
The North American region is experiencing a high demand for mobile content delivery network due to increasing demand of fastest content delivery over internet to end users. It facilitates the reduction of mobile data traffic, and compress data while uploading or downloading. The increasing demand of distributing content securely over the internet is propelling the demand of mobile content delivery network market.
The global mobile content delivery network market is estimated to reach USD ~16 billion by the end of the forecast period of 2023, at a CAGR of approximately ~30%.
The introduction of content delivery network (CDN) in 1990s was done to enhance the performance threshold of the internet. Lately, CDN is dedicated to provide robust over-the-top solutions to people. Mobile content delivery network offers the benefit for delivering optimized content. The provision of high speed media delivery accelerates the data mobility of an enterprise. In world driven by data, and the growing appreciation for rapid services; mobile content delivery network is observed to hold lucrative growth opportunities.
Mobile content delivery network serves OTT media content to end users at greater performance and productivity. Mobile CDN dispense media content with high efficacy across wireless network. The corporate and government bodies are observed to exploit the advantage of mobile content delivery solutions due their growing inclination towards piconet and scatternet. These factors are observed to laying the ground work for expansion of the mobile content delivery network global market.
Market Research Future (MRFR), in its latest “Mobile Content Delivery Network” report brings up factors that can make significant contributions to the market growth. In line with MRFR findings, the mobile content delivery network global market can attain above USD 16 Bn at 30% CAGR by 2023. The removal of latency, curb uptime, and high speed experience offered by mobile content delivery network are causes for its growing popularity.
In addition, innovators are investing in research to develop solutions that can provide all benefits of mobile content delivery network without increasing the bandwidth requirements. This can underpin enhanced streaming experience to customers. PicoNets, an Indian telecom start-up, designed picoCDN that offers seamless catching solutions. The upscaling demand for OTT media content, backed by effective streaming innovations can boost the worldwide mobile content delivery network market.
The tangibility of the towering popularity of video streaming is indicated by the growing number of subscribers. Netflix and Amazon prime are some renowned video streaming platforms. However, mobile streaming is gaining an edge over laptop and desktop. Hence, the increase mobile steaming of popular video content is bolstering the adoption of mobile content delivery network, thereby implying the progress of its market.
In the information technology sector, the adoption of mobile content delivery network is high, to achieve significant savings and shirk network congestion. The ability of mobile CDN to support wireless connectivity is adding momentum to its validation in the IT sector. Across the corporate, the illustrious BYOD culture can underline the mobile content delivery network surge.
The digital instreaming and high count of smartphone vendee delineate the rise in demand for mobile app for streaming of OTT media content over browsers. Neumob, Twin Prime, and Instart Logic are some mobile CDNs that are available. As users are switching to digest content from desktop to smartphones, the availability of mobile CDN that support the same can benefit the market.
MRFR’s regional study on the mobile content delivery network reveals that North America market to secure the pole position in the review period. The availability of diversified online media content is observed to wage streaming wars, which can bolster the mobile content delivery network market in the US. These factors support major strikes that are likely for the regional market. In APAC, the expansion of the entertainment sector can support the growth of the regional mobile content delivery network market.
Global Mobile Content Delivery Network Market Segmentation
The global mobile content delivery network market is segmented into component, type, end users, and region. The component segment is further sub-segmented as hardware, software, solution, services. The solution is further sub-segmented into traffic management, data analytics, and data security. The type is segmented into video content delivery network and non-video content delivery network. The end users is segmented into government, media and entertainment, IT and telecom, education healthcare, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and Rest of the World.
Global Mobile content delivery network Market Key Players
The prominent players in the global mobile content delivery network market are Akamai Technologies, Inc. (U.S.), AT&T Inc. (U.S.), Ericsson (Sweden), CDNetworks (South Korea), Highwinds Network Group, Inc. (U.S.), Internap Corporation (U.S.), Limelight Networks (U.S.), Level 3 Communications (U.S.), ChinaCache (China), PeerApp (U.S.) and among others.
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