Content delivery network (CDN) are a group of geographically distributed servers that work together deliver content to users based on their locations. The growing dependence on online streaming for entertainment, especially during the pandemic, has boosted the demand for CDN solutions. CDNs help deliver online content like movies, apps, games, software updates and online courses smoothly and rapidly with minimal latency. They reduce load times for end users and enable real-time streaming of high definition videos. With India having one of the largest online audiences in the world, CDNs have become critical for digital media and content providers to ensure seamless delivery.
The India Content Delivery Network Market is estimated to be valued at US$ 3829.99 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing trend of video streaming in India has been a major driver for CDN adoption. Video now accounts for over 70% of all internet traffic ly and this percentage is growing rapidly. Popular video and media platforms like Netflix, Amazon Prime Video, Hotstar and Youtube rely on CDNs to efficiently stream their vast content libraries ly with minimum latency. With increased usage of smartphones for consuming online video content, the need for low latency and high speed video delivery has become imperative. CDN providers are constantly upgrading their infrastructure and expanding data centers across India to support this surge in online video traffic. Edge computing capabilities that place content and applications closer to end users are enabling even higher quality streaming experiences.
Segment Analysis
The India content delivery network market is dominated by the video streaming sub-segment. Video streaming accounts for around 65% of the total traffic share in India as rising smartphone and internet penetration have led to increased demand for OTT platforms and online video streaming services. Various platforms such as Disney+ Hotstar, Netflix, Amazon Prime Video are offering high-quality video content which require strong content delivery capabilities.
Key Takeaways
The India Content Delivery Network Market Size is expected to witness high growth over the forecast period. The rising internet penetration and increasing popularity of OTT platforms are driving the growth of CDN in India.
Regional analysis: The western region holds the major share in the India CDN market currently. States like Maharashtra and Gujarat have high smartphone and internet penetration rates which have increased the demand for online video streaming. Mumbai and Pune are also major startup hubs and have a concentration of enterprises adopting advanced CDN solutions. However, the northern region is projected to grow at the fastest pace during the forecast period due to rising disposable incomes in states like Delhi, Haryana, Punjab which will boost the adoption of online entertainment platforms.
Key players operating in the India content delivery network market are Huhtamaki Oyj, Conitex Sonoco, Tubettificio Senese S.r.l., A.C.M.I. S.p.A., PTM Packaging Pvt. Ltd., Sonoco Products Company, Paper Machinery Corporation, Raeed Company, SUNRISE PAPER INDUSTRY CO., LTD., Fujian Minqing Technology Co.,Ltd, Fulistar New Material Technology Co., Ltd., Xinhe Paper Cone Making Machinery Co., Ltd., Sources, Jaiding Paper Products Co., Limited, Ace Paper Products Company, Dongguan City Leyu Paper Products Co., Ltd., Jiangyin Golden Bridge Printing & Packaging Machinery Co., Ltd, Shenyang Beizhi Paper Machinery Co., Ltd., KU Sodalamuthu And Co. Pvt Ltd, National Paper Products.
Get More Insights Here
https://www.newswirestats.com/india-content-delivery-network-market-size-share-growth-outlook-2023/
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