Explore Global Cloud Content Delivery Network (CDN) Market, Growth and Development Forecast 2018–24
The increasing demand for broadband speed globally, increasing availability of downloadable content, necessity of hard disk space and necessity of providing online content are rapidly increasing the demand for the cloud content delivery market. Furthermore, this hosting of content delivery service along with cloud is known as cloud content delivery network.
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There are two segments based on type in the cloud content delivery network market such as video CDN and non-video CDN. Among these segments, video CDN is anticipated to witness faster growth during the forecast period. Video CDN network delivers high-quality, live and on-demand videos to web-connected devices. It enables the user to high visibility video and high performance with the help of media streaming software from any location.
Based on industry, the cloud content delivery network market is also segmented into online gaming, government, advertising, education, media & entertainment, healthcare, e-commerce and others. Among these industries, media & entertainment is anticipated to witness the fastest growth in demand for content delivery solutions during the forecast period since CDN system helps in enhancing the performance of streaming content to a greater extent and thus enhance the user’s experience. According to a recent study, it has been observed that there is an increasing adoption for real-time audio/video, online video and other streaming applications.
The exponential growth of streaming video traffic is the key trend observed in the growth of cloud content delivery network market. Video traffic has strengthened large value of capital expenditure by the broadband providers to retain the subscribers by providing sufficiently good quality of experience. Furthermore, in order to combat this situation the telecommunication service providers (TSPs) have begun to launch their own content delivery networks as a means to lessen the demands on the network backbone and to reduce investments towards infrastructure.
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Key players in the cloud content delivery network industry are investing in improving the quality of delivery network and developing the latest technologies that are strengthening their position in the market. However, it has been observed that local players are depending upon new technology to develop cost efficiencies, thus increasing the rivalry in the market to a certain extent.
Akamai Technologies, Google LLC, NTT Communications Corporation, CDNetworks Co., Ltd., Amazon Web Services, Inc., Oracle Corporation, Cloudflare, Inc., Limelight Networks, Inc., Alibaba Cloud, and CenturyLink, Inc. are the key players operating in cloud content delivery network market across the globe.
Sourec: VynZ Research
