Content Delivery Network Market Trends by Key Players: Amazon Web Services, Akamai, Google, Limelight Communications, Level 3 Communications Verizon, Stackpath, CDNetworks, Internap, TATA Communications
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However, the monetization of websites and applications and the latency issues associated with the content delivery network are the major factors that are holding back the growth of the market. Besides these restraints, the increasing demand for the mobile content delivery network and the growing adoption of cloud services will develop myriad growth avenues for the market during the forecast timeline.
The growth of the CDN market is driven by the increasing applications in the end-user industry. Major end users are BFSI, media & entertainment, retail, education, healthcare, and government. The media and entertainment sector is estimated to be the dominating end user of the market. Media companies are leveraging the capabilities of CDN, such as web performance optimization, cloud security, and media delivery capabilities, for delivering the content to end users to ensure a flawless viewing experience. Furthermore, the growing demand for the CDN among media and entertainment sector is attributed to the growing demand for live video streaming and on-demand video content.
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Major vendors of the CDN market are Amazon Web Services, Akamai, Google, Limelight Communications, Level 3 Communications Verizon, Stackpath, CDNetworks, Internap, TATA Communications, etc. Mergers & acquisitions, collaborations, partnerships, product launches, R&D investments, and geographical expansion are the common strategies used by the market players to expand their product portfolio and gain market share.
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