Product ID: SQMIG45A2162
Report ID:
SQMIG45A2162 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
147 |
Figures:
82
During the forecast period, North America is poised to experience substantial growth, driven by several key factors. The region boasts exceptionally high internet penetration rates, coupled with the escalating popularity of 4K resolution displays, serving as pivotal elements underpinning the market's expansion. These factors collectively fortify a robust CDN infrastructure, facilitating efficient data delivery mechanisms. Additionally, the rapid uptake of cloud-based services, coupled with the introduction of high-speed data networks, further propels market growth.
In 2022, Asia Pacific emerged as the dominant force in the market, commanding the largest revenue share at 34.0%. Projections indicate its trajectory to continue, foreseeing an accelerated CAGR of 28.3% over the forecast period. This ascent is attributed to the rapid expansion of emerging economies such as India and China, bolstered by the region's status as one of the fastest-growing consumer markets globally. The region's burgeoning population and a burgeoning audience for online gaming content are catalyzing increased demands for advanced networking infrastructure.
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Product ID: SQMIG45A2162