Content Delivery Network Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global content delivery network (CDN) market size is
expected to reach USD 23,064.3 million by 2025, exhibiting a CAGR of 11.7% over
the forecast period, according to a study conducted by Grand View Research,
Inc. The unabated growth in internet traffic and data consumption is expected
to drive the growth of the market. The growing demand for over-the-top (OTT)
videos, online gaming, and internet advertising is also expected to contribute
to the market growth.
CDN
solutions help in reducing the transmission time of the content and
subsequently in enhancing the performance of content delivery. The demand for
CDN solutions is rising significantly owing to the growing popularity of online
videos and live streaming. Security, traffic load scaling, and reduction in
latency are particularly necessary to enhance the performance of video content
delivery. Plummeting data tariffs, increasing smartphone penetration, and
high-speed data network rollouts are also driving the CDN market growth.
Cloud
delivery network is mainly used for delivering media content to a larger
customer base spread across the globe. As such, the growing popularity of video
on-demand (VoD) and OTT services is driving the demand for CDN solutions. However,
the cloud security segment is expected to gain traction over the forecast
period owing to the continued emphasis on ensuring the security and privacy of
the content. As such, key market players, including Akamai Technologies, Amazon
Web Services, and Microsoft Corporation, are expected to invest aggressively in
securing their environment and developing secure CDN solutions.
North
America emerged as the largest regional market in 2018 as it is home to several
leading companies, such as Akamai Technologies, Deutsche Telekom, Limelight
Networks, AT&T, Microsoft Corporation, Quantil, StackPath, AWS, and
Cloudflare. North America also one of the largest customer bases demanding
high-definition online content and online games. CDN has already been deployed
on a larger scale in North America, especially to cater to the high-speed data
network expansions. However, the Asia Pacific regional market is expected to
register the highest CAGR over the forecast period owing to the growing
penetration of smartphones, increasing preference for online content delivery,
continued growth of the e-commerce industry, and continued high-speed network
rollouts.
Some of the
key players in the market for content delivery network include Akamai
Technologies, Inc.; Amazon Web Services; CenturyLink; IBM; Limelight Networks,
Inc.; Google, Inc.; Microsoft Corporation; Deutsche Telekom; and Tencent Cloud;
among others. These companies are undertaking several initiatives aimed at
expanding their customer reach. For instance, in April 2019, Akamai
Technologies announced the integration of its CDN capabilities with Blob
Storage and Microsoft Azure Media Services. This collaboration was aimed at
providing substantial competences to the mutual customers of Microsoft and
Akamai Technologies at reduced data storage and content delivering costs.
Similarly, CenturyLink, Inc. announced the expansion of Cloud Connect Dynamic
Connections to support Microsoft Azure and Azure Government. The expansion
would allow the company to directly connect to almost 70% of the cloud users.
The company has also made significant investments to expand its network in the
U.S. in South Florida, Florida in line with the skyrocketing demand for
enterprise services.
Further key
findings from the report suggest:
- The North
America regional market accounted for the largest market share of 41.4% in
2018 while the Asia Pacific regional market is expected to exhibit the
highest CAGR of 14.0%
- The media
delivery segment dominated the market in 2018 and is anticipated to
exhibit a considerable CAGR of 11.2% over the forecast period
- The media &
entertainment segment dominated the content delivery network market in
2018 whereas the healthcare segment is expected to register the highest
CAGR of 12.6% over the forecast period
- Some of the key
market players include Akamai Technologies, Inc.; Amazon Web Services;
CenturyLink; IBM; Limelight Networks, Inc.; Google, Inc.; Microsoft
Corporation; Deutsche Telekom; and Tencent Cloud.
Access
full research report on global content delivery network (CDN) market:
www.grandviewresearch.com/industry-analysis/content-delivery-networks-cnd-market
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Created on Jan 2nd 2020 06:40. Viewed 407 times.