Content Delivery Network Market expected to grow at a CAGR of 23% by 2025
Posted by Faraz on January 9th, 2020
The global content delivery network market is expected to grow at a CAGR of 23.1% during the forecast period. Content delivery network can be referred as a group of geographically distributed and interconnected servers that works together to deliver web content and rich media to internet connected devices. The prime objective of the content delivery network is to reduce delivery time and network latency that causes image jittering without compromising with the web performance. Content delivery network reduces the buffering during the video streaming even in case of live videos. In addition, content delivery network can perform without any interruption during the heavy internet traffic.
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The major players that contribute to the growth of the Content Delivery Network market include - Akamai Technologies Inc., Amazon Web Services, Inc., AT&T Inc., Google LLC, Microsoft Corp., Cloudflare Inc., Limelight Networks Inc., StackPath LLC, Swarmify Inc., Verizon Communications, Inc. and others.
Websites nowadays offer more streaming videos and live content with high-performance, which serves as one of the major factors driving the global content delivery network market. Other factors driving the market growth include increasing use of internet on a global level, growing demand for content delivery network for smartphones, emerging new technologies that requires internet for smooth working and increasing usage of social media. However, factors such as complicated architecture, concern regarding the quality of service and increasing security and privacy risk may hamper the market growth.
Geographically, North America holds the largest share of global content delivery network market followed by Europe. The significant share in the market is attributed to the presence of global renowned player such as Google LLC, Microsoft Corp., Limelight Networks Inc., and Amazon Web Services Inc. in the region. In addition, early adoption of technologies by the region further contributes to the regional growth of the market. However, Asia-Pacific is expected to show the highest growth owing to increasing internet penetration across the region coupled with emerging IT sector.
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Limelight Networks Inc., At&T, Google LLC, Akamai Technologies, Inc., Microsoft Corp., and Verizon Communications Inc. are some of the prominent players operating in the global content delivery network market. Other active players in the market include Alcatel-Lucent Enterprise, Cloudgflare Inc., Ericsson Corp., StackPath LLC, Cogeco Communications Inc., Swarmify Inc., and Quantil among others.
These companies are adopting strategies such as mergers and acquisition to broaden the company’s product portfolio and enhance their global outreach. For instance, in January 2019, Akamai Technologies Inc. acquired Janrain to integrate Janrain’s Identity cloud with the Akamai’s intelligent edge platform. This acquisition will enable the company to provide an added layer of security to consumer and safeguard the solutions provides by the company against malicious account activities and fraudulent account creation.
Content Delivery Network Market – Segmentation
By Content Type
Global Content Delivery Network Market - Segmented by Region
Rest of Europe
Rest of the World
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Source: Global Content Delivery Network Market
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About the AuthorFaraz
Joined: November 26th, 2019
Articles Posted: 232
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