The global Content Delivery Network (CDN) market is expected to grow from USD 7.47 billion in 2017 to USD 30.89 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 32.8%

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Dec 21, 2017, 08:40 ET

NEW YORK, Dec. 21, 2017 /PRNewswire/ -- Increasing number of smartphones and internet users is expected to drive the Content Delivery Network (CDN) market

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MarketsandMarkets forecasts the global Content Delivery Network (CDN) market to grow from USD 7.47 billion in 2017 to USD 30.89 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 32.8% during the forecast period. The market is growing rapidly due to increasing digitization and the surplus volume of video content available over the internet. Latency and connectivity issues are restraining the market growth

Video CDN is expected to hold the largest market share during the forecast period
All organizations across verticals are creating video contents to attract their customers. This is resulting in more video contents on company websites and other related sites. The high quality video needs to be delivered to the user irrespective of the location and distance between the content creator and users. Here, CDN plays a vital role by using the geographically distributed network of connected servers.

Asia Pacific (APAC) provides attractive growth opportunities and is expected to grow at the highest CAGR.
APAC offers growth opportunities. The main factors driving the growth in the region include the increasing consumption of cloud services, rising adoption of mobile and smartphone devices, and high consumption of video over portable devices. APAC holds significant potential for the adoption of CDN solutions due to growing IT infrastructure and consumption of video and non-video contents over the social media. More people are aware of the usage of internet and prefer to view information online, which further boosts the growth of CDN solutions leading to the highest growth rate in the APAC region.

Breakup of Primary Interviews:
- By Company type – Tier 1 - 58%, Tier 2 - 18%, Tier 3 - 24%
- By Designation – C-Level - 70%, Manager Level - 30%
- By Region – North America - 57%, Europe - 22%, APAC - 21%
The report includes prominent players: Akamai (US), Google (US), Level 3 Communications (US), and Limelight Networks (US), Amazon Web Services (US), Internap (US), Verizon (US), CDNetworks (Korea), Tata Communications (India and Singapore), and StackPath (US).

Research Coverage:
The market is segmented by type, core solution, adjacent service, service provider, organization size, and vertical. The type segment includes standard/non-video CDN and video CDN. The core solution segment comprises web performance optimization, media delivery, and cloud security. The adjacent services segment consists of storage services, analytics and performance monitoring, website and API management, network optimization services, support and maintenance, and others (access control and authentication, Digital Rights Management [DRM], asset monetization, and cache management services). The service provider segment includes traditional and Telco CDN, cloud service provider, and others (free and peer-to-peer CDN). The organization size comprises SMEs and large enterprises. The verticals considered for the report comprises BFSI, media and entertainment, gaming, retail and eCommerce, education, government and defense, healthcare, and others (utilities, telecommunications and IT, transportation, and travel and hospitality). The regional analysis includes the study of North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

Reasons to buy the report
The report will help the market leaders or new entrants in the following ways:
1. This report segments the market into various segments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and segments.
2. This report will help in the better understanding of the competitors and there is a separate section on competitive landscape, including mergers and acquisitions, integrations and expansions, and partnerships among market vendors.
3. The report helps in understanding the overall growth of the market and key market drivers, restraints, challenges, and opportunities.

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