Content Delivery Network Market to Grow by 19.9 % in 2016
On the basis of application, delivery/distribution segment holds the leading share, and is anticipated to increase at 21.0% in 2016. Website caching, on the other hand, is expected to witness a year-over-year growth of 19.8% in 2016 over 2015.
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On the basis of service provider, the global market is primarily segmented into conventional CDN and telecom CDN. Based on popularity and functionality, the conventional CDN segment is preferred by end-users, with this segment expected to account for 74.6% revenue share of the market in 2016.
On the basis of service type, the global market is expected to be dominated by Software-as-a-Service (SaaS) service type. This segment accounted for a revenue share of 54.2% in 2015, and is expected to maintain its dominance in 2016 and beyond.
Media & entertainment will remain the largest end-use segment of content delivery network market in 2016, growing at a year-over-year growth of 23.2%. Content delivery network remains an effective medium in the media & entertainment sector, with further growth and innovation expected in the near future.
In addition to North America, Asia Pacific excluding Japan (APEJ) is a highly lucrative market for content delivery network providers. This market is anticipated to increase at 21.8% to reach 703.3 Mn in revenues in 2016.
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Key participants of in the global content delivery network market include Level 3 Communications, Inc., Limelight Networks Inc., CloudFlare, Inc., Akamai Technologies Inc., Orange S.A., CDNetworks Co., Ltd., MaxCDN Enterprise, AT&T Inc., Amazon CloudFront and Highwinds Network Group, Inc.
Long-term Outlook: The global content delivery network is expected to increase at a CAGR of 20.5% during the forecast period 2016-2026.
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