Global Content Delivery Network Market is Estimated to Grow by 26% of CAGR During 2017-2023

Global Content Delivery Network Market, By Type (Video CDN, Non-Video CDN), By Solution (Web Performance Optimization, Media Delivery), By Vertical (Advertising, E-commerce, Healthcare) - Forecast 2023

Market Highlights
Content delivery network is a system in which devices are connected through internet for better performance and reduction of costs. Increasing volume of data, increasing use of mobile devices and easily accessible, development of new technologies and high demand for usage of internet services are the reasons contributing to the growth of the Content Delivery Network Market.

Media delivery accounted for the largest market share majorly due to the growing need for managed and unmanaged data for better access. Content delivery network are used to serve n number of internet users. Hence, these content networks are developed to improve quality of services when various industries such as online gaming, e-commerce, BFSI among others try to access the internet.

The global content delivery network market is expected to reach approximately USD 34 billion by the end of 2022 with 26% CAGR during forecast period 2017-2023.

Key Players
• Google, Inc. (U.S.)
• Akamai Technologies (U.S.)
• Limelight Networks (U.S.)
• Level 3 Communications, LLC (U.S.)
• Amazon Web Services, Inc. (U.S.)
• Verizon Communications, Inc. (U.S.)
• Highwinds (U.S.)
• CDNetworks (Korea)
• Internap Corporation (U.S.)
• Tata Communications (India)

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Content Delivery Network Market Segmentation
According to Market Research Future, market has been segmented into type, solution, vertical and region. On the basis of solution, the market can be divided into web performance optimization, media delivery and cloud security. On the basis of vertical, the market can be bifurcated into various industries such as BFSI, advertising, e-commerce, education, government, online gaming, healthcare and media & entertainment. Also, out of these solutions, media delivery accounted for the largest market majorly due to the need for managed and unmanaged content delivery in a better way.

Market Research Future Analysis
The global content delivery network market is expected to grow significantly over the forecast period, 2017-2023. Media delivery of content delivery market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

North America region accounted for the largest market share because of the technological advancements, increase in digitization across various verticals such as BFSI, e-commerce among others and easy accessibility of increasing volume of data consumption. Also, over the forecast period the Asia-Pacific region is expected to grow due to the growth of new technological solutions in the emerging nations.

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Intended Audience
- Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors

Related Report
The global web hosting services market is expected to grow approximately at USD 154 Billion by 2022, at approx. 16% of CAGR between 2016 and 2022

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Release ID: 200036