ALBANY, New York, January 18, 2018 /PRNewswire/ --
The global cloud content delivery network market is yet to graduate from its transformational phase. Nevertheless, the market is speeding its way through on the back technological breakthroughs and generous spending by the leading companies. The investment spike will give thrust to the market's transformation, enabling traditional providers counter challenges posed by novel services. Existing companies in the global cloud content delivery network market are thus paying more attention on newer concepts to bust possibilities of security breaches and compete effectively in the overall market.
As the players set sail to expand their regional footprint, the market will witness a rise in strategic collaborations, finds Transparency Market Research (TMR) in a recent study. "Strategies such as partnerships, mergers and acquisitions, and joint ventures have kept prospects bright for the players in the global cloud content delivery network market," said a lead TMR analyst. TMR identifies Akamai Technologies, Inc., Limelight Networks, Inc., CenturyLink, Inc., CDNetworks Co., Ltd., Google LLC, Amazon Web Services, Inc., NTT Communications Corporation, Alibaba Cloud, Oracle Corporation, and Cloudflare, Inc. as some of the leading players in business.
The global cloud content delivery network market was pegged at US$3,019.6 mn by TMR in 2016. Showing a remarkable 25.5% CAGR, the market is poised to value US$18,564.5 mn by the end of 2025. On the basis of core solution, the media delivery segment emerged dominant in the global cloud content delivery network market in 2016. In terms of vertical, the market is likely to witness soaring demand from the media and entertainment segment. Regionally, the presence of key market players will catapult North America to the global market's fore. Besides this, Asia Pacific is likely to show tremendous growth during the course of the forecast period.
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Spike in Internet Activities Creates Favorable Ground for Expansion
In the age of digital business, the demand for low-latency and high quality digital data has exponentially increased among end consumers. With the global society increasingly communicating, buying, relaxing, transacting, and learning via the internet, the demand for building efficient cloud content delivery network will rise. As traffic in video streaming grows, quality of services provided will emerge as a key differentiator. As cloud content delivery networks offer improved quality control, the world will witness a spike in their deployment in the forthcoming years. Other than this, recent advances in the internet network, which have made it more agile will bode well for the market's future prospects. In addition, basking on increased broadband speed and exponentially rising downloadable content, the cloud content delivery network market is likely to gain major impetus in the coming years. With organizations migrating their IT services on cloud, TMR expects the market to gain considerable momentum in the near future.
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Looming Security Threats May Hamper Growth Trajectory
On the downside, the global cloud content delivery network market will continue reeling under concerns pertaining to data security. Furthermore, the market is likely to face challenge from associated latency problems. Growth in mobile delivery networks is also likely to threaten the market's trajectory in the coming years. Nonetheless, when compared to conventional downloading methods, video streaming is likely to offer immense benefits with major developments on cards. While these advancements will enable users enjoy their favorite videos in real time, they will also provide option of watching recorded and live events. These and various other technological breakthroughs will tip scales in favor of the global cloud content delivery network market in the near future.
This review is based on a TMR report, titled "Cloud Content Delivery Network Market (Type - Standard/Non-Video CDN and Video CDN; Core Solution - Web Performance Optimization, Media Delivery and Cloud Security; Vertical - Advertising, Media & Entertainment, Online Gaming, E-commerce, Education, Government, Healthcare, BFSI, IT, and Travel & hospitality) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025."
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The report segments the global cloud content delivery network market as:
Global Cloud content delivery network Market, By Type
- Standard/Non-Video CDN
- Video CDN
Global Cloud content delivery network Market, By Core Solution
- Web Performance Optimization
- Media Delivery
- Cloud Security
Global Cloud content delivery network Market, By Vertical
- Media & Entertainment
- Online gaming
- Others (BFSI, IT, and Travel & hospitality)
Global Cloud content delivery network Market, By Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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SOURCE Transparency Market Research