The demand for content delivery networks (CDNs) around the world has risen strongly in 2020, with the ongoing pandemic of the coronavirus creating opportunities in work from home and e-learning. Also, the prospects of the industry through 2030 is very positive, according to Future Market Insights (FMI).
The report has stated that the industry will benefit from improvements in networking technology and the growing popularity of OTT content.
Analysts at FMI have said that software-as-a-service delivery network services will contributes substantially to the overall revenue, for media, entertainment and healthcare applications. Poor networking infrastructure in rural areas is a major challenge.
Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1286
The content delivery network industry has reflected exponential growth in the recent past account of major advances in networking technology, and the widespread penetration of the internet even to developing countries. Further, businesses have increased demand for outsourcing of content, management and distribution of media services, bolstering speed of access to potential consumers.
While revenue from content delivery network services has soared, the high levels of competitiveness industry has reduced profit margins. Also, scalability remains an issue in terms of data storage, and mobile and dynamic content.
The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:
- Market was valued at US$ 11.5 Bn in 2019, with demand rising sharply, with the coronavirus outbreak generating major growth opportunities
- Software-as-a-service content delivery networks remain in high demand, with the sales of individual modules expected to surpass that of bundled suites by 2030, owing to customized needs for CDN delivery processes
- Media distribution applications of content delivery network witness higher growth than software distribution and website caching owing to unprecedented demand for on demand media consumption
Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-1286
Covid-19 Impact on Content Delivery Network Market
With fears over the rapid spread of the coronavirus, businesses and educational organizations around the world are encouraging alternative plans to operate including work from home and distance learning strategies.
The rapid expansion of videoconferencing, e-learning, and online messaging has resulted in increased internet traffic. Also, with people increasingly staying home the consumption of OTT content has soared during the pandemic.
Content Delivery Network Market: Segmentation
Service
- Designing, Testing, and Deployment
- Software-as-a-Service
- Managed Services
- Consulting Services
Application
- Media Distribution/Delivery
- Software Distribution/Delivery
- Website Caching
- Others
Vertical
- Media & Entertainment
- E-Commerce
- IT & Telecom
- Healthcare
- Government
- Advertisement
- Others
Service Provider
- Telecom CDN
- Conventional CDN
- Others
Check Related Links Here :
https://pastelink.net/w7f7s5y1
Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs