Growing Security Concerns to boost the demand for Mobile Accelerator Market
The mobile accelerator market is expected to grow with a CAGR of 23.5% during the forecast period from 2021 to 2029, up from US$ 2.89 Bn in 2020. Enhancement of digital environment and penetration of technology are the major growth driving factors for the market. Mobile accelerators are generally used for application speed enhancement. Mobile accelerators have different application such as device acceleration, content acceleration, WAN optimization and others. Increasing use of smart devices are another major growth-driving factor for the market. Therefore, we expect that the mobile accelerator market would demonstrate huge growth during the forecast period.
Source Optimization will led the Market
In 2020, global mobile accelerator market was segmented into source optimization, client/device optimization and network optimization. Source optimization segment has largest share in the same year with around 40% of the market revenue share in the same year. Increasing demand for optimization of content, network and web is the promising factor for the growth of the segment. To modularize the application development, app developers are incorporating mobile accelerators, which in turn are driving growth for the segment. Thus, we expect that the source optimization segment will show significant growth during the forecast period 2021-2029.
Asia Pacific will continue its Dominance
In 2020, Asia Pacific led the mobile accelerator market. Asia Pacific accounts for nearly 1/3rd of the market share in the same year. Asia Pacific has its dominance due to largest manufacturing hub for smartphones, tablets and other smart devices. Growth in the usage of smartphones and internet penetration are the major reasons for the growth of Asia Pacific. Developing economies of Asia Pacific such as China and India are major contributors owing to high number of tech hubs. As a result, we expect that Asia Pacific region will continue its dominance throughout the forecast period.
Some of the prominent players operating in the mobile accelerator market Akamai Technologies, Inc., Juniper Networks Inc., Flash Networks Inc., Huawei Technologies Co. Ltd, Riverbed Technologies Inc., Qualcomm Inc., Mobidia Technology Inc., Ascom Holding AG, RapidValue IT Services Private Limited, IBM corporation, CITRIX SYSTEMS, INC., F5 NETWORKS, INC. among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.
Key questions answered in this report
- What was the market size of mobile accelerators in 2020 and forecast up to 2029?
- Which is the largest regional market for mobile accelerator?
- What are the major trends followed in overall mobile accelerator across different regions?
- Who are the key mobile accelerator companies leading the market?
- What are the key strategies adopted by the leading mobile accelerator companies in market?
Unique data points of this report
- Recent trends across different regions in terms of adoption of mobile accelerator across various applications
- Notable developments going on in mobile accelerator market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)
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Table of Contents
Companies Mentioned
- Akamai Technologies Inc.
- Juniper Networks Inc.
- Flash Networks Inc.
- Huawei Technologies Co. Ltd
- Riverbed Technologies Inc.
- Qualcomm Inc.
- Mobidia Technology Inc.
- Ascom Holding AG
- RapidValue IT Services Private Limited
- IBM Corporation
- CITRIX SYSTEMS INC.
- F5 NETWORKS
