North American Market Forecast
The North America CDN market is attributed to garner the highest market share of 35%. The rising popularity of 4K resolution displays along with the rapid adoption of cloud-based services and the increasing penetration of high-speed data networks are some of the key factors supporting the growth of the market value. Furthermore, the presence of giant IT firms and the emergence telecom industry is also anticipated to create a positive outlook to expand the content delivery network sector size in the region.
The growth in the region is directed toward the increasing demand for smartphones and smart devices along with the high expenditure on security services and solutions
Asia Pacific Market Analysis
Furthermore, the content delivery network industry present in the Asia Pacific region is forecasted to hold a significant share of 28%. Emerging economies such as India, China, and Japan with rapid technological advancement in the networking infrastructure are poised to attract revenue generation. Also, the burgeoning population of the region along with the increasing users of Internet of Things (IoT) devices is estimated to favor market expansion in the projected timeline.
Author Credits: Abhishek Verma
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