The mobile content delivery network is growing at a rapid pace, witnessing continually rising demand. Besides, the proliferation of smart and connected devices and high-speed internet connectivity, and extensive video content over the internet are major mobile content delivery network market trends. Moreover, rising awareness and popularity of interactive displays foster market growth.
Market Research Future (MRFR), in its recently published Mobile Content Delivery Network Market Size report, asserts that the market valuation would reach approximately 16 BN USD by 2023, growing at 30 % CAGR during the anticipated period (2017 – 2023). Additionally, increasing numbers of mobile learning applications and professional expertise in digital learning define the growing landscape of the market.
On the flip side, poor connectivity is a major factor impeding the market growth, restricting the uses of the internet. Nevertheless, increasing implementation of IT security and cloud-based solutions alongside digitization would support the market growth throughout the assessment period.
Mobile devices are dominating the video content accessed. With the increasing levels of data processing at the network edge, content delivery speed and latency have become important than ever. Consumer expectations of 5G are rising high, however, to make these a reality, operators need to upgrade the architect of their systems and move storage and caching needs to the outermost edge of the network.
Mobile Content Delivery Network Market - Segmentation
The mobile CDN market report is segmented into components, types, end-users, and regions. The component segment is sub-segmented into hardware, software/solution, and services (professional and support & maintenance services.). The sub-segment solution is bifurcated into traffic management, reporting, monitoring, data analytics, and data security.
The type segment is sub-segmented into video content delivery networks and non-video content delivery networks. The end-users segment is sub-segmented into government, media & entertainment, IT & telecom, education, healthcare, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
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Mobile Content Delivery Network Market - Regional Analysis
North America dominates the global mobile content delivery network market. The market is expected to show immense growth over the forecast period. Factors such as rapid technological advancements and the proliferation of the internet, mobiles, tablets, and other smart connected devices in the region drive the market growth. Additionally, the well-developed economy of the region propels the growth of the market, allowing penetration of connectivity and connected devices.
Europe seizes the second-highest share in the global mobile content delivery network market. Rapid industrialization, the increasing markets provide a huge impetus to the market growth. Germany, the UK, France, and Italy are major mobile CDN markets, contributing to the regional market growth. Additionally, the increasing adoption of on-demand cloud services drives the mobile content delivery network market size.
The Asia Pacific mobile content delivery network market is witnessing significant growth, emerging as a promising market in terms of size. Factors such as the increasing demand for high-speed internet connectivity and the rising disposable income boost the region’s mobile content delivery network market share, allowing penetration of connectivity and connected devices. Countries, including China, Japan, and India, are in the embryonic stage and offer huge growth opportunities to the mobile CDN market in the region.
Mobile Content Delivery Network Market - Competitive Analysis
The well-established mobile CDN market appears highly competitive due to the presence of several large and small players. Leading players incorporate collaboration, mergers & acquisitions, product launches, and expansion to gain a larger competitive advantage.
These players make substantial investments to drive product innovation and new processes. The market attracts several new entrants to the market, demonstrating a high growth prospect. This, as a result, would intensify the market competition further.
Major Players:
Players leading the mobile CDN market include AT&T Inc. (U.S.), Ericsson (Sweden), Akamai Technologies, Inc. (U.S.), Highwinds Network Group, Inc. (U.S.), Internap Corporation (U.S.), CDNetworks (South Korea), Level 3 Communications (U.S.), PeerApp (U.S.), Limelight Networks (U.S.), and ChinaCache (China), among others.
Industry/ Innovation/ Related News
September 18, 2020 ---- Varnish Software (Sweden), a leading content delivery company, launched a 5G-ready content delivery network (CDN) with edge caching capabilities. Varnish Edge Cloud marks the next stage in the evolution of the company. The company described its new offering as a carrier-grade, 5G-ready virtualized CDN, delivering 150Gbps from a single node with sub-millisecond response times.
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