According to Market Research Future Analysis, Content Delivery Network Market has been valued at USD 34 billion by 2023 growing with 26% of CAGR during forecast period 2017 to 2023.
Factors such as increasing volume of data, increasing use of mobile devices, easy accessibility and the growing demand for internet services are expected to boost the market over the forecast period, 2016-2023
Content delivery network can be defined as a distribution network where multiple number of servers are deployed in n number of data centers. It basically delivers content, outsource content and distributes services. The increasing demand for high quality content becomes difficult for service providers to increase their revenues with increasing costs.
The key players in the global content delivery network market include 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.), CDNetworks (Korea), Internap Corporation (U.S.), Tata Communications (India), among others.
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Content delivery network helps service providers to lower costs, reduces business complexity and consumers receive better quality of resources. Various manufacturers are investing in content delivery network solutions. For instance, CISCO implemented a number of content delivery network initiatives to accelerate to move to content delivery federations. Recently, CISCO started working with leading service providers to deploy and test and open content delivery network federation pilot.
According to Market Research Future, market has been segmented into type, solution, vertical and region. On the basis of type, the market can be bifurcated into video content delivery network and non-video content delivery network. On the basis of solution, the market can be divided into web performance optimization, media delivery and cloud security. Out of these type, Video CDN accounted for the largest market share in the content delivery network market majorly due to the increasing demand for effective video content delivery network.
By Region, MRFR analysis shows that, North-America accounted for the largest market share because of the growing adoption of new technologies, strict government regulations and increasing usage of mobile devices. Also, the digitization trend among various organizations is boosting the content delivery network market in this region.
However, Asia-Pacific is expected to grow over the forecast period, 2016-2022. Countries such as China, Japan contributes largely to the overall growth of the market. The reason of this growth are attributed to emergence of new technological solutions, increasing usage of social media, increasing usage of internet services and the digital transformation.
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