Press release
Content Delivery Network (CDN) Market revenue expected to reach 23.22 Billion USD By 2021
Global Content Delivery Network (CDN) market to grow from USD 6.05 Billion in 2016 to USD 23.22 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 30.9%. 2015 has been considered as the base year, while the forecast period is 2016-2021.
Browse Recent Research on Global Content Delivery Network (CDN) market @ http://www.marketintelreports.com/report/ict0004/content-delivery-network-cdn-market-by-type-standardnonvideo-and-video-core-solution-web-performance-optimization-media-delivery-and-cloud-security-adjacent-services-service-providers-and-region--global-forecast-to-2021
Media delivery core solution is expected have the highest market share
The report segments the global CDN market into web performance optimization, media delivery, and cloud security core solutions. The media delivery solution is growing majorly due to the need for managed and unmanaged content delivery in a reliable way.
Video CDN is expected to hold the largest market share in 2016
The report segments the global market by type into standard/non-video and video CDN. Among these, the video CDN segment is expected to dominate the market in terms of market share and is estimated to grow considerably during the forecast period due to the high demand for effective video content delivery.
Geographical Analysis:
North America is expected to be the largest revenue generator in 2016
The report has been segmented by region into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to be the largest revenue generator region in 2016 for the CDN market, followed by Europe. Increase in digitization trend among organizations and growing video content are a few of the major drivers of CDN solutions in North America. The market growth in developing regions can be attributed to the enhancements in technology.
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Key Player Analysis:
Major vendors that offer CDN solutions are: Akamai Technologies, Inc. (Cambridge, U.S.), Google, Inc. (California, U.S.), Level 3 Communications (Colorado, U.S.), Limelight Networks, Inc. (Arizona, U.S.), Amazon Web Services, Inc. (Washington, U.S.), Internap Corporation (Georgia, U.S.), Verizon Communications, Inc. (New York, U.S.), CDNetworks (Seoul, Korea), Tata Communications (Mumbai and Singapore), and Highwinds (Florida, U.S.). The key innovators identified are Cedexis (U.S.), Incapsula, Inc. (California, U.S.), Fastly, Inc. (U.S.), CacheFly (Chicago, U.S.), MaxCDN (U.S.), and CloudFlare, Inc. (U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the CDN market.
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