Market Analysis
Market Research Future (MRFR) presumes the global mobile content delivery network market to reach USD 41.12 billion at a CAGR of 12.50% from 2022 to 2030 (forecast period). A mobile content delivery network (Mobile CDN) is a network of servers, systems, computers, or devices that are used to deliver content to mobile devices such as smartphones and tablets. Mobile CDNs reduce latency and improve customer satisfaction by optimizing a website and mobile app performance, and they can be used to deliver dynamic content, video, software as a service, and more to an increasing number of mobile devices.
The mobile content delivery network aids in optimizing the delivery of mobile content over the internet. The mobile content delivery network boosts media delivery and improves enterprise mobility and other services delivered to end-users. The growing penetration of smart devices and high-speed internet connectivity is fueling the market growth of mobile content delivery networks. The growing use of video content over the internet among users is also pushing the growth of the mobile content delivery network market. On February 27, 2018, Reliance Jio announced a strategic partnership with Cisco System, Inc. to develop a mobile content delivery network that is the all-IP network. With this mobile content delivery network, the organization are focusing on optimizing the video streaming experience over the wireless network with lower latency and higher performance for Jio users.
COVID-19 Impact on the Global Mobile Content Delivery Network Market
The global outbreak of a new coronavirus is projected to cause a slight slowdown in the market. Manufacturing work has come to a standstill as a result of labour shortages and work-from-home initiatives. As a result, demand from end-use industries has plummeted dramatically.
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Market Segmentation
The global mobile content delivery network market has been segmented into components, types, and end-users.
By component, the global mobile content delivery network market has been segmented into hardware, software, solution, services. The services has been further segmented into professional and support maintenance services. While, the solution has been sub-segmented into traffic management, reporting, monitoring, data analytics, and data security.
By type, the global mobile content delivery network market has been segmented into video content delivery networks and non-video content delivery networks.
By end-users, the global mobile content delivery network market has been segmented into government, education healthcare, IT and telecom, media and entertainment, and others.
Regional Analysis
The global mobile content delivery network industry is spanned across regions including North America, Europe, Asia Pacific, and the Rest of the World.
The North American region is experiencing tremendous growth as a result of increasing smartphone penetration, which is accelerating the market growth of the mobile content delivery network.
Likewise, in the European region, the mobile content delivery network market is gaining momentum as a result of the rising adoption of on-demand cloud services, which is driving the market growth.
Whereas Asia Pacific countries such as China, Japan, and India are emerging markets for mobile content delivery networks and are expected to gain traction with the increasing demand for high-speed internet connectivity and grow at the fastest CAGR in the coming years.
Key Players
Some of the prominent players active in the global mobile content delivery network market are CDNetworks (South Korea), Akamai Technologies, Inc. (U.S.), ATT Inc. (U.S.), Ericsson (Sweden), Highwinds Network Group, Inc. (U.S.), Limelight Networks (U.S.), Level 3 Communications (U.S.), Internap Corporation (U.S.), PeerApp (U.S.), ChinaCache (China), and among others.
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Summary
The global mobile content delivery network industry is set to reach USD 16 billion at a CAGR of 30% from 2017 to 2023 (forecast period). The growing penetration of smart devices and high-speed internet connectivity is boosting the market growth of mobile content delivery networks. The increasing use of video content over the internet among users is also boosting the growth of the mobile content delivery network market.
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