Mobile Content Delivery Network Market Report The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Content Delivery Network Market Report. The growth sectors of […]
Mobile Content Delivery Network Market Report
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Content Delivery Network Market Report. The growth sectors of the Mobile Content Delivery Network Market Report are identified with precision for a better growth perspective.
The mobile content delivery network market has been continuously witnessing surging growth mainly due to the proliferation of smart and connected devices and high-speed internet connectivity. Furthermore, the expanding use of video content over the internet among users is escalating the market on the global platform.
Acknowledging the growth potential the market is demonstrating currently; Market Research Future (MRFR), in its recently published study report asserts that the global mobile content delivery network market will reach approximately 16 BN USD by 2023, registering a whopping double digit CAGR of 30 % during the anticipated period (2017 – 2023).
Rising awareness towards these devices and the rising popularity of interactive displays is fostering the market growth. Moreover, factors such as the increasing number of mobile learning applications and professional expertise of digital learning are commutatively providing impetus to the market growth.
With the advancements transpired into Telecom field, the popularity of the internet is growing, and hence, the numbers of the active users are increasing too. This is allowing the mobile content delivery network market to witness a high growth rate. Furthermore, increasing implementation of IT security, cloud-based solutions, rapid digitization are some of the key factors contributing to the market growth.
On the other hand, poor connectivity is a key factor impeding the market growth, restricting the uses of the Internet.
Mobile Content Delivery Network Market – Segmentation
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Components : Hardware, Software/Solution (traffic management, reporting, monitoring, data analytics, and data security.), and Services (professional and support & maintenance services.).
By Types : Video Content Delivery Network, Non-Video Content Delivery Network.
By End-Users : Government, Media & Entertainment, IT & Telecom, Education, and Healthcare among others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
Mobile Content Delivery Network Market – Regional Analysis
The North American region is projected to retain its hegemony over the global mobile content delivery network market followed by the European region. Technical advancements along with the proliferation of the internet, mobiles, tablets and other smart connected devices drive the market growth in the region.
The European region accounts for the second-largest market for the mobile content delivery network. The market is expected to show immense growth over the forecast period. The growing markets in Germany, the UK, France, and Italy backed by the increasing adoption of on-demand cloud services, are majorly supporting the market growth in the region.
The mobile content delivery network market in the Asia Pacific region will witness significant growth emerging as a promising market in terms of size. Countries including China, Japan, and India, are in the embryonic stage and hence, offer huge growth opportunities for the mobile content delivery network. The market in the APAC region is expected to gain momentum with the increasing demand of high speed of internet connectivity growing at the highest CAGR in the coming years.
Additionally, the rising disposable income will propel the growth of the Mobile Content Delivery Network market in the APAC, allowing penetration of connectivity and connected devices. In the light of rapid industrialization, the increasing markets mainly in China, India, Japan, Thailand, Malaysia, and South Korea will provide impetus to the market growth.
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