PUNE, India, August 31, 2015 /PRNewswire/ --
According to a new market research report, "Mobile CDN Market by Type (Video CDN and Non-Video CDN), by Solution (Network Acceleration, Traffic Management, Reporting, Analytics, and Monitoring, Transcoding and Digital Rights Management and Data Security) - Global Forecast to - 2020", published by MarketsandMarkets, The Mobile CDN Market is estimated to grow from USD 2.11 Billion in 2015 to USD 13.40 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 44.7% from 2015 to 2020.
Browse 70 Tables and 41 Figures spread through 133 Pages and in-depth TOC on "Mobile CDN Market"
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The market report defines and segments the Mobile CDN Market into various sub segments with an in-depth analysis and estimation of market size. It also identifies the drivers and restraints for this market with insights on trends, opportunities, restraints, and challenges.
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Mobile Content Delivery Network (CDN) helps to compress text and reduce excessive information while downloading videos on 3G or LTE network, further optimizing the mobile device's performance. The solution providers' focus is to remain close to the user's location to improve the content and deliver fast service. Mobile CDN solutions and services help in achieving faster content delivery as well as reduction in mobile data traffic. The mobile CDN solutions and services help to understand the end users' quality of experience, deliver high-definition video quality, identify and optimize encrypted content, and improve latency quality of service for latency-sensitive mobile content. The Asia-Pacific (APAC) region is set to experience tremendous growth in the coming years due to the increase in the number of smart devices and presence of few established players in countries such as China, India, and Australia. The number of population in this region is also influencing the growth of this region significantly and will continue its trend 5 years down the line.
MarketsandMarkets has broadly segmented the Mobile CDN Market by type into: video CDN and non-video CDN; by vertical into: media and entertainment, advertising, education, gaming, retail and wholesale, government, healthcare, and others; by solution into: network acceleration, traffic management, reporting, analytics, and monitoring, data security, and transcending and digital rights management; by service into: professional service and support and maintenance; by organization size into: Small and Medium Businesses (SMBs) and large enterprises; and by region into: North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East and Africa (MEA).
MarketsandMarkets believes that constant monetization of mobile sites and unreliable connectivity and latency issues are the major constraints in the Mobile CDN Market. These limitations carry a significant potential for hampering the adoption rate of Mobile CDN in various SMBs across a wide range of industry verticals.
The Mobile CDN Market is estimated to grow from USD 2.11 Billion in 2015 to USD 13.40 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 44.7% from 2015 to 2020. In regional segmentation, North America is expected to be the largest market in terms of market size while APAC, Latin America, and MEA are expected to emerge rapidly in this market at high CAGRs.
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