Published On : 21 Nov 2018
Global market for cloud content delivery network is prognosticated to witness a heavy demand in the coming years due to increasing penetration of internet all across the world. A content delivery network consists of distributed servers which delivers web content like web pages to the users depending upon their geographical location. Cloud content delivery network has been proved to be boon for increasing traffic for web sites which wants to attract more traffic in less time by reaching various parts of the world. One of the reason that has made content delivery network popular is protection that it provides to the content by reducing latency. It also helps in descending loading time.
Digitization and Commercialization to Drive the Global Market
Demand for high internet speed have compelled internet providers to offer high broadband speed, allowing the user to download heavy content from the internet. This is anticipated to play a pivotal role in increasing the demand in the market. Another reason helping the market to grow significantly is the growing trend of organization shifting their IT services on cloud. Growing preference for going cloud completely due to better safety, convenience and no limits for storage is supporting the growth of the global cloud content delivery network market. Significant demand for improving the Quality of the Service while opening a content over the internet is helping the market to reach new heights in coming years. Ongoing trend for digitization, as numerous government have shown their support of digitization, high demand for better streaming services along with proliferation of rich and high quality of media on social media platforms are likely to aid the market to grow at an exponential rate.
Latency Issue Related To Technology and Monetization of Website to Deter Market Growth
The market is encompassed with numerous drivers which are likely to push the market in the forward direction, however on the flip side, the market is faced by several restraints which are anticipated to hamper the market growth. Constant monetization of websites and application is likely to create a major roadblock in the market growth. Issues related to the content delivery network because of weak technology is predicted to pull the market down. Nonetheless, on the positive upfront, growing demand for mobile content delivery network accompanied with rising adoption of cloud services throughout the world is anticipated to create massive growth opportunities for the market during the tenure period.
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North America to Dominate Owing to Increase in Penetration of Smartphones
On the basis of geography, the market is dominated by North America owing to high adoption of smartphones and penetration of high speed internet. Rising popularity of social media in the region also plays an important role to catapult the market growth. Apart from these, rising demand for optimizing the live delivery along with reducing the loading time of the content is foreseen to boosts the market. On the other hand, Asia Pacific is expected to witness an aggressive demand due to rising commercialization and digitalization.
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