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Increase in Data Consumption Volume to Boost Global CDN Market to Rise at 29.66% CAGR between 2017 and 2021

Press Release   •   Jun 08, 2017 05:38 EDT has recently announced the addition of a new research study on the global market for content delivery network (CDN) to its repository. The research report, titled “Global Content Delivery Network (CDN) Market 2017-2021,” presents a comprehensive analysis of this market on the basis of is past and current performance.

According to the report, the global market for CDNs is likely to expand at a healthy CAGR of 29.66% during the period from 2017 to 2021, thanks to the increasing the volume of data consumption over the Internet, together with the distribution of videos and content-rich media on social sites. Apart from this, the growing trend of digitization in enterprises is also expected to boost this market substantially in the near future. However, the continual monetization of websites and applications may limit the growth of this market over the forecast period.

Nonetheless, the augmenting demand for cloud-based services and the advent of confederated CDNs and mobile CDNs are expected to create new growth opportunities for market players in the years to come, notes the research study.

In this report, the global market for CDN has been studied on the basis of the product and the geography. Based on the product, the global market has been categorized into video and non-video. Among the two, the video segment has been leading the market. Thanks to the excessive usage of the Internet for content transfer, increase in video sharing, and the extensive utilization of video communication in corporate offices, this scenario is expected to remain so over the next few years, reports the study.

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In terms of the geography, the report has categorized the worldwide market for CDNs into the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA). Thanks to the increasing influx of internet-enabled gadgets, such as laptops, smartphones, and tablets, the Americas is likely to remain seated in the top position over the forecast period, states the research report.

The study further presents a thorough analysis of the competitive landscape of the global CDN market by reviewing the company profiles of the key participants. As per the study, the global CDN market is highly competitive and fragmented due to the presence of a large pool of players. Akamai Technologies, CloudFlare, CDNetworks, Limelight, Level 3 Communications, and MaxCDN are at the forefront of this market.

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Other prominent players in this market are Interroute Communications, Highwinds Network Group, NTT Communications, BitTorrent, EdgeCast Networks, Singapore Telecommunications, CacheFly, Telecom Italia Sparkle, Cisco Systems, Abacast, Tata Communications, Bharti Airtel, PacNet Services, Telstra, BT Group, Internap Network Services, Reliance Globalcom, Deutsche Telekom, AT&T, Broadmedia, Conviva, Accelia, Amazon Web Services, and Alcatel-Lucent, states the report.

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