Press release
Global Commercial P2P CDN Market Comprehensive Study: Forecasted Market Size And Growth Rate
Commercial P2P CDN Market
The Business Research Company offers in-depth market insights through Commercial P2P CDN Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The commercial p2p cdn market size has grown rapidly in recent years. It will grow from $3.49 billion in 2023 to $3.88 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growth in online video streaming, increased demand for content delivery speed, proliferation of high-quality digital content, expansion of e-commerce and online retail, adoption of content delivery networks (cdn) for website optimization.
The commercial p2p cdn market size is expected to see rapid growth in the next few years. It will grow to $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence in p2p cdn, growth in live video streaming services, increased adoption by small and medium enterprises (smes), expansion of augmented reality (ar) and virtual reality (vr) content, emphasis on edge computing for content delivery. Major trends in the forecast period include decentralized and blockchain-based p2p cdn solutions, integration with cloud-based cdn services, focus on low-latency content delivery, collaboration between p2p cdn providers and internet service providers (isps), adoption of p2p cdn for software distribution and updates.
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Market Segmentation:
The commercial p2p cdn market covered in this report is segmented -
1) By Component: Solution, Services
2) By Type: Video, Non Video
3) By End-User: BFSI, Retail And E-Commerce, Manufacturing, Government And Defense, Energy And Utilities, IT And Telecom, Education And Healthcare
Major Driver - Increased Usage Of Internet And Smart Devices Driving Commercial P2P Cdn Market Growth
The increased usage of the internet and smart devices is significantly contributing to the growth of the commercial P2P CDN market. The use of the internet is expanding to create new business practices and customer experiences to meet shifting company and market needs. The demand for smartphones is increasing due to growing internet penetration, rising income levels, rising subscriptions to social media, improved communication needs, and others. During the COVID-19 pandemic, smartphones and internet use dramatically increased due to long quarantine periods and work-from-home scenarios. This increase in smartphones and the internet has contributed to the rise in commercial P2P CDN market use due to its user experience and enhanced network efficiency. For instance, according to a report by the International Telecommunication Union (ITU), a United Nations specialized agency for matters related to information and communication technologies, during the COVID-19 pandemic, the number of internet users increased from 4.1 billion in 2019 to 4.9 billion in 2021. Furthermore, according to the survey of smartphone ownership commissioned by a nonpartisan American think tank, the Pew Research Center, the share of Americans that own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). Moreover, according to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Therefore, increasing internet usage and smart devices will drive the commercial P2P CDN market growth.
Competitive Landscape:
Major companies operating in the commercial p2p cdn market report are Streamroot Inc., Peer5 Inc., Akamai Technologies Inc, Alibaba Group Holding Ltd., Enghouse Systems Ltd., Broadpeak, Cedexis Inc., Dailymotion, Fastly Inc., Instart Logic Inc., Interoute Communications Ltd., Kaltura Inc., Edgio Inc., Livepeer Inc., MediaMelon Inc., Microsoft Azure, NTT Communications Corporation., Ramp Holdings Inc., RealNetworks LLC., Swarmify, Telestream Inc., Tulix Systems, Varnish Software AB, Wowza Media Systems LLC., Airtel Digital Ltd.
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Top Trend - Technological Advancement As A Key Trend In Commercial P2P Cdn Market
Technological advancement is a key trend gaining popularity in the commercial P2P CDN market. The increasing online streaming and other media services, and higher user expectations for web performance across multiple device types, have led network service providers to build content distribution networks. This advancement in deploying a content delivery network helps network operators reduce subscriber churn, ease the development of value-added services, and reduce traffic on the core network. Major companies operating in the commercial P2P CDN market are focused on developing new technological solutions such as SSD-loaded server networks, artificial intelligence, and machine learning to strengthen their position in the market. A Solid State Drive (SSD) is a server storage device that stores data in flash memory rather than a magnetic-based system such as a hard disc. For instance, In April 2022, Google, a US-based technology company, launched Media CDN. This Media CDN is powered by AI/ML, giving viewers more control over how they see, experience, and interact with content. It also provides extensive APIs and automation tools.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Commercial P2P CDN Market Characteristics
3. Commercial P2P CDN Market Trends And Strategies
4. Commercial P2P CDN Market - Macro Economic Scenario
5. Commercial P2P CDN Market Size And Growth
…..
27. Commercial P2P CDN Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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