North America Content Delivery Network Market to be Worth USD 5.88 Billion by 2021 at a CAGR of 14.8%
PUNE, India, June 1, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Content Delivery Network Market By Solution (Web Performance Optimization, Media Delivery, Transparent Caching, Transcoding & Digital Rights Management, Analytics & Monitoring), Service Provider, End User, Vertical, Geography - Forecast to 2021", is estimated to grow from USD 2.96 billion in 2016 to USD 5.88 billion by 2021, at a compound annual growth rate (CAGR) of 14.8% during the forecast period 2016 to 2021.
Browse 47 market data tables with 48 figures spread through 108 pages and in-depth TOC on "North America Content Delivery Network Market - Forecast to 2021"
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In today's business environment, internet has become an important part of business operations. Businesses are highly dependent on the internet to help them become renowned brands globally, expand their global reach, and increase their customer base. Businesses are also dependent on the internet for revenue generation. Earlier, internet was not available to everyone, but over the past decade, there has been a drastic increase in consumption of volume of data and rich media files over the internet. With the emergence of smartphones, cloud service, and other portable devices, the content delivery network (CDN) providers have started focusing more on quality of service (QoS) and quality of experience (QoE) enhancement. With the introduction of third-generation CDN, companies have changed their content delivery techniques to be delivered on different platforms with better QoE and QoS. Other increasing trends of bring your own device (BYOD), choose your own device (CYOD), and mobility have made CDN important for organizations in different industries to deliver better quality of content to their end users.
The demand for CDN in large enterprises as well as small and midsized businesses (SMBs) has increased in recent years. Organizations are utilizing social media marketing strategies and online advertisements in order to expand their brand, increase their customer base, and expand their global reach. Social media marketing and the increasing use of HD images and audio & video content for advertising has given rise to the increased adoption of CDN by organizations.
The growth of the North America content delivery market is mainly driven by deployment of CDNs to fully optimize the delivery of content, webpages, media files, and applications over the internet. These networks have the capacity to store and speed up the delivery of content with greater resilience and security. The North America content delivery market is expected to grow from USD 2.96 billion in 2016 and reach USD 5.88 billion by 2021, at a CAGR of 14.8% from 2016 to 2021.
In 2015, the large enterprises segment was the largest segment of the North America content delivery network market, which is expected to grow from USD 2.14 billion in 2016 to USD 3.87 billion by 2021, at a CAGR of 12.6% from 2016 to 2021.
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In 2015, the large enterprises segment was the largest segment of the North America content delivery network market, which is expected to grow from USD 2.14 billion in 2016 to USD 3.87 billion by 2021, at a CAGR of 12.6% from 2016 to 2021.
On the basis of vertical, the North America content delivery network market has been segmented into BFSI (banking, financial services and insurance), e-commerce, retail & consumer goods, government & public, healthcare & pharma, IT & telecommunications, manufacturing & automotive, media & entertainment, travel & tourism, and others, including energy, power & utilities, academia & institutions, and so on. The solution segment of the North America content delivery network covers web performance optimization, media delivery, transparent caching, transcoding & DRM, and analytics & monitoring. Based on the service provider type, the market is segmented into traditional commercial CDN, commercial peer-to-peer, telco CDN, and others. Based on end user, the North America content delivery network has been segmented into large enterprises and small and midsized businesses (SMBs). The market is further segmented into the U.S. and Canada, based on geography.
In the North America content delivery network market, the U.S. is the largest contributor, estimated to account for a share of 88.4% in 2016, followed by Canada with 11.6% share in the same year. The key factors contributing in the growth of North America content delivery network market include the substantial rise in volume of content over internet, emergence of social media, mobility, and cloud services, and proliferation of mobile devices.
Key Players of North America Content Delivery Network Market Market includes:
Akamai Technologies (U.S.), Level 3 Communications LLC (U.S.), Limelight Networks, Inc. (U.S.), Internap (U.S.), Highwinds Network Group, Inc. (U.S.), CDNetworks (Korea), and Amazon Web Services(U.S.).
The report also includes market share and value chain analysis, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the North America content delivery network market.
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