Content Delivery Network (CDN) Market - Future Prospects, Industry Growth to 2024

Market Highlights

Content delivery network is a system in which devices are connected through internet for better performance and reduction of costs. Increasing volume of data, increasing use of mobile devices and easily accessible, development of new technologies and high demand for usage of internet services are the reasons contributing to the growth of the content delivery network market.

Media delivery accounted for the largest market share majorly due to the growing need for managed and unmanaged data for better access. Content delivery network are used to serve n number of internet users. Hence, these content networks are developed to improve quality of services when various industries such as online gaming, e-commerce, BFSI among others try to access the internet.

Segmentation

According to Market Research Future, Content Delivery Network (CDN) Market has been segmented into type, solution, vertical and region. On the basis of solution, the market can be divided into web performance optimization, media delivery and cloud security. On the basis of vertical, the market can be bifurcated into various industries such as BFSI, advertising, e-commerce, education, government, online gaming, healthcare and media & entertainment. Also, out of these solutions, media delivery accounted for the largest market majorly due to the need for managed and unmanaged content delivery in a better way.

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.

Market Research Future Analysis

The global content delivery network market is expected to grow significantly over the forecast period, 2017-2023. Media delivery of content delivery market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

North America region accounted for the largest market share because of the technological advancements, increase in digitization across various verticals such as BFSI, e-commerce among others and easy accessibility of increasing volume of data consumption. Also, over the forecast period the Asia-Pacific region is expected to grow due to the growth of new technological solutions in the emerging nations.

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