India Content Delivery Network Market Growth Accelerated by Increased Use for Streaming Content

 

India Content Delivery Network Market

The content delivery network or CDN refers to a geographically distributed group of servers that work together to provide fast delivery of Internet content. CDNs allow for the quick transfer of assets needed for loading internet content including HTML pages, javascript files, stylesheets, images, and videos. CDN's help internet users around the world access content with high speeds. Major uses of CDN include caching and distribution of fast-changing content, media streaming, software downloads, and web/mobile optimization.

 

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 Dynamics:

The growing digital adoption among consumers in India owing to affordable internet plans and increasing online penetration of smartphones is driving the growth of the India CDN market. As per reports, the number of Internet users in India is projected to reach 974 million by 2025. Moreover, the rising popularity of OTT platforms and online video consumption is also fueling the demand for high-quality video streaming which requires a robust content delivery network infrastructure.

 

The other key driver for the India CDN market is the rapid growth of e-commerce sector in the country. E-commerce platforms require high-speed loading of product pages, images, and files to provide an enhanced consumer experience which is facilitated by CDN solutions. As per reports, the Indian e-commerce market is projected to reach US$ 111.40 billion by 2025 from US$ 38.5 billion in 2017. This rising growth of e-commerce is estimated to propel the adoption of CDN networks during the forecast period.

 

SWOT Analysis

Strength: India has one of the largest internet user bases ly which is growing at a rapid pace. This provides a large potential customer base for CDN providers. India also has a large talent pool of engineers and developers which helps local CDN companies build cost-effective solutions. The government has also introduced digital India initiatives to improve digital infrastructure which benefits the CDN market.

 

Weakness: The quality of internet connectivity still varies widely across India. Some remote areas have limited or unreliable connectivity. This poses challenges for optimal CDN performance everywhere. Further, cybersecurity challenges and online fraud risks remain a concern in the country.

 

Opportunity: 5G roll-out in India is expected to gain momentum in the coming years. This will boost demand for edge CDN services that leverage 5G's low latency capabilities. Rising consumption of online videos and mobile apps also creates need for high-quality content delivery. Local CDN vendors can partner with  tech giants and telecom operators to capture this opportunity.

 

Threats: Stiff competition from ly established CDN giants makes it difficult for local players to gain large market shares. Changes in regulations around data localization and privacy laws can disrupt existing business models as well. Additionally, economic slowdowns impacting digital investment are an external threat.

 

Key Takeaways

The India Content Delivery Network Market Size is expected to witness high growth over the forecast period supported by expanding internet access and mobile device usage in India. The adoption of digital services is surging across sectors like education, healthcare, banking in India which relies on efficient content delivery.

 

Regional analysis - The CDN market in Western India region currently accounts for the largest share aided by early technology adoption in major cities like Mumbai and Pune. However, the Southern region is emerging as the fastest growing market led by high digitalization in Bangalore and Chennai.

 

Key players - 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.newsstatix.com/india-content-delivery-network-market-size-share-growth-outlook-2023/

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