The key factors contributing to the growth of the global content delivery network market is the snowballing usage of the internet services along with rising usage of social media and mobile technology. The market, with the aids such as enhanced accessibility, will have several growth prospects with mobile content delivery, its scalability and storage. Furthermore, the advent of new technologies with the mounting usage of the internet services is also expected to fuel the market growth during the forecast period.
The global content delivery network market can be bifurcated based on solutions, type, service providers, application, vertical, and region. By type, the market is divided into video content delivery network and standard content delivery network. By solutions, the market is segregated into web performance optimization, media delivery, and cloud security. By application, the market is classified into network optimization, analytics & performance monitoring, OTT streaming, and website & API management. By vertical, the market is segmented into retail & e-commerce, BFSI, media & entertainment, education, gaming, IT & telecommunication, and others. By service providers, the market is segregated into cloud services providers, traditional content delivery network, Telco content delivery network, and others.
Regionally, the global content delivery network market is expected to be dominated by North America during the forecast period owing to the escalating digitization trend and the mounting need for video content. Likewise, Asia Pacific is projected to witness considerable growth rate on account of the technological improvements along with the high-speed network rollouts and flourishing e-commerce & media & entertainment industries.
The prominent players within global content delivery network market include Limelight Networks Inc., Akamai Technologies Inc., Tata Communications Ltd, CenturyLink, StackPath, LLC, Fastly Inc, Verizon Communications Inc., CDNetworks Co. Ltd, AT&T Inc., Comcast Corporation, and Amazon.com Inc., among others. These players are continuously updating and innovating their product offerings to fulfilling the rising market demand. To cite, Amazon Web Services (AWS), the cloud arm of Amazon, in February 2019, extended its manifestation in India with 2 new Edge sites for its AWS Direct Connect and Amazon Cloud Front offerings in New Delhi and Hyderabad.