Press Release Description

North America Content Delivery Network Market to Grow at a CAGR of Around 14.5% During 2024–30

The North America Content Delivery Network Market is anticipated to grow at a CAGR of about 14.5% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. In recent years, North American nations have witnessed a surge in the inclination towards online gaming & online OTT platforms. The shift towards these online platforms generates higher network traffic, as a result, it becomes necessary for the enterprise to ensure the quick delivery of the content. Therefore, different industry verticals are using CDN solutions to ensure the fast & reliable delivery of content over the distributed networks, uplifting the North America Content Delivery Network.

Additionally, consumers in North American nations are transitioning towards online services since these online services provide consumers with better flexibility. Moreover, online services help the consumer to get the desired information from anywhere across the world and at any desired time. Therefore, the inhabitant of the North American countries is shifting towards online applications, like Ride Sharing Apps, E-Commerce Apps, etc., to fulfill their daily requirements. This increasing reliance of consumers on online digital services is amplifying the requirement for solutions that help enhance the customer experience. Therefore, major players in the market are using CDN solutions to enhance the overall experience of the consumers by providing high-quality content quickly, uplifting the North America Content Delivery Network market.

Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) into CDN solutions is emerging as a burgeoning market trend in North America, which has been transforming content delivery optimization. AI and ML technologies enable dynamic and adaptive content delivery, predicting and responding to individual preferences, network conditions, and device types. Recognizing the need for personalized and efficient content distribution, businesses in North America are increasingly leveraging these technologies to intelligently allocate resources, mitigate network congestion, and proactively address emerging challenges, ensuring faster load times and improved reliability. Thus, these advanced technologies would propel market demand in the longer run, further states the research report, “North America Content Delivery Network Market Analysis, 2024.”

North America Content Delivery Network Market

North America Content Delivery Network Market Segmentation Analysis

The Media & Entertainment Industry Holds a Major Market Share

Based on the end user, the market is further bifurcated into Media & Entertainment, Gaming, Retail & E-Commerce, Healthcare, IT & Telecom, and Others (Advertising, BGSI, etc.). Among them, Media & Entertainment holds a significant share in the North America Content Delivery Market. The nations in this region have a significantly younger genZ population that spends the majority of their time surfing, browsing & binge-watching various movies & series. This shift of the consumers towards these series & online documentaries elevates the online network traffic, making it essential for business enterprises to opt for solutions that reduce the network traffic. Further, these OTT platforms are laying new branding & marketing strategies which is helping the enterprise to gain more consumer base. This further results in a higher content buffering time. As a result, to ensure smooth & quick delivery of content to the consumers, enterprises in the Media & Entertainment sector are increasingly shifting towards CDN solutions, enlarging market size.

The US Leads the North America Content Delivery Network Market

Geographically, the market is divided into the US, Canada, and Mexico. Of them all, the US holds a substantial market share in the North America Content Delivery Network Market. The country has higher internet penetration rates & greater smartphone accessibility, owing to which the majority of the population in the country relies on digital services. The higher reliance on digital services creates traffic and hampers the quality of the content. Therefore, the enterprises in the countries are using CDN solutions, enhancing market share. Furthermore, the governing authorities are increasingly deploying 5G networks in the country to gain a competitive advantage over other nations. This increasing deployment of the 5G network would require enterprises to opt for resilient solutions that match with the higher speed of the 5G networks. Consequently, there would be increased demand for CDN solutions in the US during the forecast period, enhancing market growth in the foreseen years.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including TATA Communications, Akamai Technologies, Microsoft, Google, Amazon Web Services, Inc., Imperva, Lumen Technologies, Cloudflare, Inc., Rackspace Technology, CDNetworks, LLC., and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & services adoption?
  5. How has the competition been shaping up across various countries?
  6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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