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 market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Content Delivery Network Market Size 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.
North America, Europe, Asia-Pacific, and the rest of the world are the key regions mentioned in the global content delivery solutions market’s regional analysis.
Among these regions, the North American region is anticipated to lead the content delivery network market during the study period. The early adoption of IoT technology and smart devices such as Smartphones and smart TV in North America are some of the factors motivating the growth of the regional market. Furthermore, the incidence of technology leaders such as Verizon Digital Media, Amazon Web Services, Akamai Technologies Inc., and CenturyLink is likely to contribute to the growth of the content delivery network market in the region. The US, after Canada, leads the market in North America.
The market in Asia-Pacific is also anticipated to occupy a significant share where China is likely to lead the market.
Europe trails North America in the global content delivery network market. The Asia Pacific is forecasted to outpace all other regions by growth owing to enhancements in technology in emerging countries of the region.
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