Content Delivery Network Edges to $23.22Bn

Latest report published by MarketsandMarkets shows the global Content Delivery Network (CDN) market will 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%.

The CDN market is growing rapidly owing to the increasing volume of data consumption over the internet and the proliferation of video and rich media content over social sites.

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.

“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.