Global Content Delivery Network Market - Insights
A content distribution network or content delivery network (CDN) is a system distributed network that delivers webpages or different web content data across various geographical locations. A large portion of online content, including web objects (scripts, graphics and text), downloading objects (documents, software, and media files), applications (portals and e-commerce), social networking, on-demand streaming media, and live streaming media are delivered by CDN. IP data traffic backed by internet proliferation has witnessed meteoric rise in last few years. According to Coherent Market Insights’ analysis, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic worldwide by 2021. The increase in data traffic due to high adoption of video supporting devices, wearable devices, AR/VR technology, and digitization is expected to boost demand for content delivery network.
Growing e-commerce industry provides high growth opportunity
Growing e-commerce industry contributes to positive growth of the content delivery network market. For instance, according to India Brand Equity Foundation Organization, in 2016, e-commerce industry in India generated revenue of US$ 15 billion and is projected to reach US$ 188 billion by 2025. Moreover, increasing need for reducing loading time of web pages and uploading time of videos is fueling adoption of content delivery network technology in e-commerce companies. According to a survey conducted by Coherent Market Insights, in 2016, 47% consumers worldwide expected a web page to load in 2 seconds or less. Results of the survey revealed that Increasing website loading time results in low consumer retention on the webpage. With an increase in loading time by one second the page views reduced by 11%. This adversely affects the revenue generated by e-commerce Company. Therefore, e-commerce companies are adopting the content delivery network technology to help reduce the loading time of the webpage.
Figure. Global Content Delivery Network Market, by Type of Content (2016-2025)
North America holds a dominant position in the market in 2016
North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Some of the major countries driving growth of the market in the region are the U.S. and Canada. Increasing usage of 4K content is one of the key factors driving growth of the market in the region. According to Coherent Market Insights, connected 4k televisions consumed around 3.9 GB per month in 2016, in the U.S. and is projected to reach 43.5 GB per month by 2021.
Additionally, Asia Pacific content delivery network market is projected to exhibit the highest CAGR over the forecast period. India, china, and Japan are some of the major countries driving the market in this region. Increasing adoption of content delivery network technology by various end-use industries such as advertising, e-commerce, education, gaming, and media & entertainment have accelerated growth of the market in this region. For example, Aditya Birla Online Fashion Private Limited (ABOF) is an India-based e-commerce company, which has adopted an Amazon CloudFront to help reduce the uploading and downloading time. Similarly, NDTV Ltd, India's largest news and infotainment network company adopted Tata Communication CDN platform to reduce the video streaming downloading time
Key Companies- Global Content Delivery Network Market
Some of the major companies in the global content delivery network market are Akamai Technologies, AT&T, Inc., CDNetworks, Chinacache, CloudFlare Inc., Highwinds Network Group, Inc., Internap Corporation, Level 3 Communications, Inc., Limelight Networks, MaxCDN, Tata Communications, and Verizon Communications, Inc.
A content distribution network or content delivery network (CDN) is a system distributed network that delivers webpages or different web content or digital content data across various geographical locations. Digital media such as applications, audio, games, images, software downloads, and videos are delivered via CDNs. Increasing number of internet users, proliferation of rich media files and video over the internet has boosted the demand for CDN solutions exponentially.
On the basis of geography, the content delivery network market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific region is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of the major countries driving the content delivery network market in this region. Increasing number of internet users and increasing adoption of digitalization are some of the major drivers accelerating the demand for content delivery network in this region. According to Coherent Market Insights, in 2016, India recorded 295.4 million internet users, the number for which is projected to reach 512 million by 2022. Similarly China and Japan recorded 721.4 million and 115 million internet users in 2016, respectively. Additionally, growing e-commerce industry in Asia Pacific countries have provided opportunities for growth of the content delivery network. For example, according to India Brand Equity Foundation Organization, in 2016, e-commerce industry in India generated revenue of US$ 15 billion and is projected to reach US$ 188 billion by 2025.
Key features of the study:
Detail Content Delivery Network Market Segmentation:
*Browse all the market data tables and figures on "Global Content Delivery Network Market - Global forecast to 2025”.
Table of Content
*Browse all the market data tables and figures on "Content Delivery Network Market - Global forecast to 2025”.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.