The importance of commercial content has skyrocketed in the last few years. Enterprises spend huge sums of money to ensure that their website has quality content on them. Furthermore, the increasing hype around the content market has also successfully created platforms for various other smaller industries to develop themselves. One of the best examples of this fact is the global market for content delivery network. The research distributed by Market Research Future suggests that this market is all set to break its previous records and venture on an unparalleled growth journey in the upcoming forecast period of 2017-2023.
This market is all set to achieve remarkable success and grow at an impressive CAGR of around 26%. In terms of revenue, the market is expected to make approximately 34 billion.
Some of the major factors that contribute towards the growth of this market can be classified as upsurge in the volume of data consumption, increased usage of smart phones and rapid advancements in the technology sector.
The worldwide content delivery network market has been segmented into four major parts. All of these four and their sub-segments have been listed as below:
By verticals – Government, media & entertainment, online gaming, healthcare, BFSI, e-commerce, advertising and education.
By type – Video CDN and standard or non-video CDN.
By solutions – Cloud security, web performance optimization and media delivery. Out of these three sub-segments the media delivery dominates the market in terms of solutions. The main reason for this is that at present there is an urgent need for managed and unmanaged content delivery in an efficient manner.
Adjacent services – Analytics and performance monitoring, support & maintenance, storage services, network optimization services and website & API management. Storage services leads the market amongst all of these and is all set to grow tremendously throughout the forecast period. Its success can be attributed to the fact that it helps in saving money by cutting down the storage and maintenance costs of large unstructured data.
Comprehensive Regional Analysis
Content Delivery Network (CDN) Market is not restricted to one particular area or region. Over the span of years, it has been successful in spreading its reach across the major areas of the world. Some of the regions where its presence can be observed predominantly are North America, Asia Pacific, Europe and Rest of the World.
After a careful analysis of all the on-going trends in the afore-mentioned regions the research report by Market Research Future concluded that North America governs this market geographically. This region’s expansion has been brought about as a result of rapid technological advancements, higher digitization margins, increased acceptance and augmentation of already existing technology.
Asia Pacific holds the second largest market shares and will soon be seen growing rapidly at an impressive CAGR. Its growth is a result of the numerous digital and technological reformations in this region.
Market Players & Key Strategies
Some of the most influential brands of this market can be named as CDNetworks, Akamai Technologies, Tata Communications, Verizon Communications, Highwinds and Level 3 Communications.
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