According to a new market research report “Content Delivery Network (CDN) Market by Type (Standard/Non-video and Video), Core Solution (Web Performance Optimization, Media Delivery, and Cloud Security), Adjacent Services, Service Providers, and Region – Global Forecast to 2021″, published by MarketsandMarkets, the global Content Delivery Network (CDN) market to grow from USD 6.05 Billion in 2016 to USD 23.22 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 30.9%. The CDN market is growing rapidly owing to the increasing volume of data consumption over the internet and the proliferation of video and rich media content over social sites.
“Media delivery core solution is expected have the highest market share”
The report segments the global CDN market into web performance optimization, media delivery, and cloud security core solutions. The media delivery solution is growing majorly due to the need for managed and unmanaged content delivery in a reliable way.
“Video CDN is expected to hold the largest market share in 2016”
The report segments the global market by type into standard/non-video and video CDN. Among these, the video CDN segment is expected to dominate the market in terms of market share and is estimated to grow considerably during the forecast period due to the high demand for effective video content delivery.
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“North America is expected to be the largest revenue generator in 2016”
The report has been segmented by region into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to be the largest revenue generator region in 2016 for the CDN market, followed by Europe. Increase in digitization trend among organizations and growing video content are a few of the major drivers of CDN solutions in North America. The market growth in developing regions can be attributed to the enhancements in technology.
Major vendors that offer CDN solutions are: Akamai Technologies, Inc. (Cambridge, U.S.), Google, Inc. (California, U.S.), Level 3 Communications (Colorado, U.S.), Limelight Networks, Inc. (Arizona, U.S.), Amazon Web Services, Inc. (Washington, U.S.), Internap Corporation (Georgia, U.S.), Verizon Communications, Inc. (New York, U.S.), CDNetworks (Seoul, Korea), Tata Communications (Mumbai and Singapore), and Highwinds (Florida, U.S.). The key innovators identified are Cedexis (U.S.), Incapsula, Inc. (California, U.S.), Fastly, Inc. (U.S.), CacheFly (Chicago, U.S.), MaxCDN (U.S.), and CloudFlare, Inc. (U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the CDN market.
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