Google, Inc. (U.S.), Akamai Technologies (U.S.), Limelight Networks (U.S.), Level 3 Communications, LLC (U.S.), Amazon Web Services, Inc. (U.S.), Verizon Communications, Inc. (U.S.), Highwinds (U.S.), Internap Corporation (U.S.), and Tata Communications (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Content Delivery Network Market.
The Global Content Delivery Network Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of Content Delivery Network is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous growth records in terms of value with a noticeable CAGR during the anticipated period (2017 – 2023).
Content delivery is referred to the service of extracting data from pages of a web site to geographically dispersed server and when that page is requested, serving the page content from the closest server to the user which in result enables faster delivery. Generally, most of the high-traffic web site owners and internet service providers hire the services of the company that provides content delivery. There are three main techniques for content delivery namely, HTTP redirection, Internet Protocol (IP) redirection, and domain name system (DNS) redirection.
There has been tremendous growth in the use of internet services which in result is the major driver of the content delivery network market. Recently, there has been a trend of live and on-demand video delivery that has been a major driver of the content delivery market growth. Apart from it, the increasing use of mobile technology, increasing video consumption of over mobile devices and increasing use of social media are fuelling the growth of content delivery network market.
The exceptional benefits of content delivery networks are the improved performance, the ability to offload the traffic served directly from the content provider’s origin infrastructure, which can lead to cost savings for the content provider and others. These advantages have resulted in the shift of traffic these days is routed via Content Delivery Networks. This shift is predicted to hike the growth of content delivery market in the near future.
Content Delivery Network Market Share appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through extensive research and development. Competitors are also focusing towards customer satisfactions and innovation as the major focus for maintaining the market positions. Many start-ups are targeting small and medium business to provide budget friendly and effective content delivery network solutions. On the other hand, large players are focusing towards production of innovative products and focusing towards strategic partnerships. Recently, Akamai Technologies, one of the biggest player, has acquired Verivue to provide improved quality of services to the customers.
The Content Delivery Network (CDN) Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by type: Video CDN, Non video CDN and others
Segmentation By solution: Web performance optimization, Media delivery, Cloud Security
Segmentation by End-User: BFSI, online gaming, e-commerce, education, healthcare, advertising, media & entertainment, government and others
Segmentation by Regions: North America, Europe, Asia-Pacific and Rest of the world
North-America is dominating the Global Content Delivery Network Market with the largest market share due to the increasing pace of innovation and the degree of specialization in the market in North America region. Apart from it, North America has been a leader in digitization and also the rising demand for video content is boosting the market in this region. Content delivery network market in Asia-Pacific region is expected to grow at a substantial CAGR during 2017 to 2023 owing to the increasing commercialization in this region. The European market for Content Delivery Network Market is expected to grow at a considerable CAGR (2017-2023).
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