The global cloud content delivery network (CDN) market is poised to witness a flourishing CAGR of 20% during the forecast period of 2018 to 2023 and reach an approximate evaluation of USD 10 Bn by the end of 2023. The cost-effective boost to network speed that cloud content delivery networks provide combined with the partnerships between market players to offer unmatched speeds is a key driver for the growth of the global market.
Well distributed cloud content delivery networks are useful in enabling enterprise IT administrators to reduce costs and simplify the method of delivering superior video content. With streaming services gaining immense popularity with consumers, the use of this cloud content delivery network is growing. A cloud-based content delivery network can be used in multiple ways to optimize content delivery. Increasing demand for mobile application and the popularity of e-commerce are some drivers of market growth. Additionally, the need to track consumer transaction, record sales and calculate bills has been recognized and is expected to contribute significantly to market growth.
Data security and the increasing sophistication of cyber attacks are expected to pose threats to market growth. The increasing use of mobile CDN is expected to offer opportunities for the expansion of the market during the assessment period.
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The global cloud content delivery network market is segmented on the basis of component, type, organization size, vertical and region. By component, the market has been segmented into solution and services. Further sub-segmentation is as follows:
- Solution – media delivery, cloud security, and web performance optimization.
- Service – analytics & monitoring, cloud storage, CDN design, support & maintenance and others.
By type, the market has been segmented into video content delivery network and non-video content delivery network.
By organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises.
By vertical, the market is segmented into advertising, online gaming, media & entertainment, e-commerce, education, healthcare, and others.
By region, the global market has been segmented into North America, Europe, the Asia-Pacific and the Rest of the World.
In this report, the roles of several key market players in the competitive landscape are analyzed to provide a truly comprehensive view of the global cloud content delivery network market. Market leading key players include Google Inc., Amazon Web Services, Tata Communications and Verizon Communications. Other major players include Ericsson, Limelight Networks, Inc., Alcatel – Lucent SA, Akamai Technologies, Inc., CDNetworks, Internap Corporation, Level 3 Communications, and Highwinds.
North America accounts for the largest share of the Cloud Content Delivery Network Market due to the presence of several prominent market players who have contributed significantly toward the advancement of the technology. Moreover, mobile devices and other compact personal electronic devices which are enabled with NFC services have a high adoption rate in the region, and due to their use in various industry verticals, the market is expected to thrive.
Meanwhile, Europe is projected to be the fastest growing market during the forecast period. The region has an affinity toward adoption of advanced technology. The regions well-established infrastructure allows greater efficiency in the implementation of advanced technology.
The Asia-Pacific is expected to show significant growth due to the growing global popularity of cloud CDNs and the presence of several rapidly emerging economies which display demand for implementation of advanced technologies that are available in developed countries.
Infinera has announced DE-CIX, has deployed Infinera Cloud Xpress 2 to meet the increasing demand for internet exchange services. This allows content delivery networks to exchange internet traffic between networks.
Indian Telecom company, Jio has partnered with Cisco to develop a mobile content delivery network to deploy multi-access edge computing which will enhance video experience over the network.
LIST OF TABLES
Table1 Global Cloud Content Delivery Network Market: By Region, 2018-2023
Table2 North America Cloud Content Delivery Network Market: By Country, 2018-2023
Table3 Europe Cloud Content Delivery Network Market: By Country, 2018-2023
Table4 Asia-Pacific Cloud Content Delivery Network Market: By Country, 2018-2023
Table5 Middle East & Africa Cloud Content Delivery Network Market: By Country, 2018-2023
LIST OF FIGURES
FIGURE 1 Global Cloud Content Delivery Network Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Cloud Content Delivery Network Market
FIGURE 4 Value Chain Of Global Cloud Content Delivery Network Market
FIGURE 5 Share Of Global Cloud Content Delivery Network Market In 2018, By Country (In %)
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