Market Trends of Cloud CDN Industry
E-Commerce Segment is Expected to Hold the Significant Share
- The e-commerce segment highly depends on content delivery to its end customers. The speeds at which the content is delivered and the user experience, amongst others, are some of the important factors contributing to the growth of an E-commerce segment. It makes it imperative for them to go for solutions like Cloud CDN, thereby boosting the market over the forecast period.
- Some prominent players in the market, such as SalesForce, enable digital customers with Salesforce Commerce Cloud, an embedded content delivery network (eCDN). It allows them to increase site speed access and content delivery, allowing the end user a reliable and secure online shopping experience.
- The increasing dependence of the end customers on online shopping increased retail e-commerce sales. It is thereby making it imperative for the retail e-commerce providers to further enhance the user experience, subsequently fueling the growth of the Cloud CDN over the forecast period.
- During festive seasons or occasions, e-commerce players witness large website traffic. Therefore, catering to such traffic is of prime importance for the providers to ensure that the content on their site is delivered to the traffic immediately without any delay. Therefore, a Cloud CDN becomes a viable option for these players to cater to such needs, fueling the market's growth over the forecast period.
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North America is Expected to Hold the Largest Share
- North America includes the highest internet penetration rate, which is expected to fuel the growth of the Cloud CDN market over the forecast period. It is also possible due to some major regional players, enabling it to maintain its dominance throughout the forecast period.
- The shift of trend from traditional retail shopping to online E-commerce website sales made it of prime importance for E-commerce providers. It is to enhance their user experience through faster content delivery, hassle-free interaction with the website, and many more. It is expected to boost market growth over the forecast period.
- The increase in viewing online media content in the region is also one of the factors contributing to the growth of the Cloud CDN market throughout the forecast period.
- DigitalOcean is an American cloud hosting company that pushed the idea of using a solid state drive (SSD) to create a developer-friendly platform that allows customers to transfer projects and increase production easily and efficiently. The company’s enterprise customers can easily leverage the benefits of scale by executing projects across multiple platforms without worrying about performance.
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