(PRWEB) July 25, 2014
The report, “Content Delivery Networks (CDN) Market”, defines and segments the CDN market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights on trends, opportunities, and challenges.
Browse 93 market data tables and 36 figures spread through 157 pages and in-depth TOC on “Content Delivery Networks (CDN) Market” at http://www.marketsandmarkets.com/Market-Reports/content-delivery-networks-cdn-market-657.html.
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Over the last few years, the Internet has evolved as a very powerful platform which has altered the approach of doing business and the way we communicate. The consumption of Internet has shown exponential growth in all these years. Not only businesses have increased the usage of Internet for their work, individuals have also augmented their Internet use for their personal work. Rapid expansion of Internet usage made the existing networks incapable of handling such huge Internet traffic loads.
The Content Delivery Network (CDN) technology is growing rapidly because of increasing consumption of Internet, proliferation of rich media files and video over the Internet, exponentially ever-growing Internet consumption/traffic, and growing video content over Internet. Emergence and exponential growth of the video and Over-the-Top (OTT) content over Internet are the main imperatives for the evolution of CDNs. Video content and OTT content such as live broadcasting and video on demand consume more network bandwidth in comparison to static web pages delivered to end users. This increased online content and more network bandwidth consumption have evolved the concept of CDNs.
The CDN market consists of various types of solutions such as CDN delivery, CDN analytics and monitoring, encoding and Digital Rights Management (DRM), transparent caching, Video Content Management System (VCMS), video indexing, and online video solutions. Encoding and DRM accounts for the largest market share in the overall CDN market. The media and entertainment vertical is contributing the highest in the overall CDN market growth.
The CDN market is estimated to grow from $3.71billion in 2014 to $12.16 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 26.3% from 2014 to 2019. In terms of regions, North America (NA) is the largest CDN market; NA is one of the largest regions with a huge penetration rate for Internet and the growing demand for rich media content, mainly video content. NA has a large demand for CDN in media and entertainment, advertising, gaming, and e-commerce verticals, whereas Asia Pacific (APAC) is an emerging region in the overall CDN market.
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