According to the market research report “Content Delivery Network Market Analysis: By Solutions (Media Delivery, Monitoring & Analysis, Others); By End-user Verticals (Media & Entertainment, Advertising, Others); By Service Provider (P2P, Cloud, Others), By Organization Size (Large Enterprise &SMEs); By Geography-Forecast (2017-2023)”, published by IndustryARC, the market to reach $26.27billion by 2023
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According to a recent study from IndustryARC, the Content Delivery Network Market is forecast to reach $26.27 billion by 2023 and is estimated to grow at a CAGR of 24.3%. The market is segmented based on various parameters comprising of types, services, providers, solutions, applications, organization size and geography. In terms of end-user industry, ‘media & entertainment’ is the dominant segment for content delivery network in the year 2016.
With ‘media delivery and web performance optimization solutions’, users can clearly view and access the high definition content on various devices such as; mobile phone, and tablets. Other web element comprised of video, software updates, games among others are delivered more efficiently without building out costly infrastructure. This is followed by advertising and public sector contributing 13% and 12% of the overall end-user vertical segment in year 2015.
CDNs strengthens network performance, provide fast & reliable applications and services by distributing content to cache-servers located at proximity to the users. The internet growth has transformed communications outlook in terms of speed, accuracy, and content delivery in network which has become absolute critical of assessing Web performance. Integration CDN aids in lessening server load, reduced latency, and increased throughput. CDNs also enhanced ‘Web scalability’ and ‘Disperse flash-crowd events’.
The primary reasons for driving the market are improved bandwidth infrastructure, increasing deployment of media content, surging organizations of IoT, consumption of connected device and many more.
The Major Players in the Market Include
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Amazon Web
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Akamai Technologies
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Level 3
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Verizon
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Limelight
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Highwinds
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ChinaCache
The market for content delivery network is dominated by major players contributing 90% of the overall market share. Amazon is the leading player for content delivery network contributing almost half of the whole revenue generated from overall market share. The company is pushing the prices to be down for the commercial content delivery network market. This is followed by Akamai Technologies and Level 3 contributing 28% and 5% of the overall revenue respectively.
The Content Delivery Network Market study across various solutions is incorporated in the Report
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Media Delivery
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Web Performance Optimization
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Data Security & Cloud Storage
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Transparent Caching
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Americas is estimated to hold prominent share of 38% of global content delivery market in year 2015. Media and entertainment industry accounted for the major value for the Americas content delivery network with online gaming poised the highest growth rate during 2017-2023. Asia-Pacific is set to witness high growth rate growing at a CAGR of 29.8% from 2017-2023. The content delivery network market is accelerated by growing SMEs that opts cloud content delivery network and P2P content delivery network owing to its cost effectiveness and flexibility. Also, increasing access of internet through smartphones and portable computing devices for gaming and media consumptions to propel the market.
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