Expert Says Content Delivery Network Market has huge Potential to Grow Rapidly
A content distribution network or content delivery network (CDN) is a system distributed network that delivers webpages or different web content data across various geographical locations. Rising demand for high-performance web services and real-time content have accelerated growth of the market for content delivery network. Moreover, increasing inclination towards mobile browsing is one of the major factors accelerating demand for CDN. Increasing mobile data traffic, increases growth of the mobile-based content, in turn, accelerating the demand for content delivery network. According to Coherent Market Insights, in 2016, the mobile data traffic grew 63 percent from 2015. In 2016, the global mobile data traffic reached 7.2 exabytes per month from 4.4 exabytes per month in 2015. By 2021, the global mobile data traffic is projected to reach up to 49 exabytes per month. Moreover, increasing number of smartphone users globally is also fueling the demand for content delivery network devices. According to Coherent Market Insights, in 2016, global mobile devices and connections reached to 8.0 billion, from which smartphones held 45 percent share, representing 81 percent of the total mobile traffic.
Key Takeaways of the Content Delivery Network Market:The global content delivery network market was valued at US$ 6084 million in 2016 and is projected to reach US$ 68,194 million by 2025, exhibiting a CAGR of 32.5% over the forecast period
Among types of content, the video content segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. According to Coherent Market Insights, in 2016, the global consumer internet video traffic generated 42,029 PB per month and is projected to generate a data traffic of 159,161 PB per month by 2021. Among geography, North America holds a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. The dominance of digitalization and high growth of video content are some of the key factors fueling the demand for content delivery network solutions in this region. According to Coherent Market insights, in 2016 the consumer internet video traffic generated 15,254 PB per month and is projected to generate 45,485 PB per month by 2021 in North America.
Some of the major companies in the global content delivery network market are Akamai Technologies, AT&T, Inc., CDNetworks, Chinacache, CloudFlare Inc., Highwinds Network Group, Inc., Internap Corporation, Level 3 Communications, Inc., Limelight Networks, MaxCDN, Tata Communications, and Verizon Communications, Inc.
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