APAC Content Delivery Network Market to Grow at over 30% CAGR until 2023
Growing e-commerce
sector, surging smartphone and internet user base, and increasing number of
partnerships between international CDN providers and domestic players to fuel
Asia-Pacific content delivery network market through 2023
According to
TechSci Research report, “Asia-Pacific
Content Delivery Network Market By Type, By Service Provider, By Solution,
By Adjacent Service, By End User, By Country, Competition Forecast &
Opportunities, 2013 – 2023’’, content
delivery network (CDN) market in Asia-Pacific is forecast to grow at a CAGR of more
than 30% until 2023. Major factors expected to aid the market growth include growing integration
of high-quality media, Application Programming Interfaces (API) and JavaScript for
enhancing user experience, increasing number of smart devices, growing internet
penetration and rising adoption of CDN across various developing economies.
Moreover, growing digitalization of financial services,
increasing adoption of BYOD and connected devices, and rising focus of various CDN service and solution
providers on boosting the security capabilities across CDN
offerings are anticipated to fuel Asia-Pacific CDN market during forecast
period.
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On the back of growing adoption of IPTV (Internet
Protocol Television), rising number of traditional media broadcasting companies
and increasing popularity of live media streaming websites, media &
entertainment sector accounts for the largest share in Asia-Pacific content
delivery network market. Cloud CDN service providers are expected to register
the fastest growth rate in the market, backed by increasing number of cloud
providers foraying into the market as various leading cloud computing companies
such as Amazon Web Services and Google are offering cloud-based CDN to their
users. China accounts for largest revenue share in the region’s CDN market, owing
to its rapidly developing internet infrastructure and rising middle class
population.
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“Number of cybersecurity threats is growing across
various Asian countries, backed by growing technological advancements. Thus, to
mitigate these threats, various CDN
service and solution providers are boosting the security capabilities of their
CDN offerings by integrating various security parameters into their CDN, which
is anticipated to positively influence the content delivery network market
across Asia-Pacific region in the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Asia-Pacific Content Delivery Network Market
By Type, By Service Provider, By Solution, By Adjacent Service, By End User, By
Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of content
delivery network market in Asia-Pacific and provides statistics and information
on market structure, size, share and trends. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities present in Asia-Pacific
content delivery network market.
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