According to TechSci Research, Global Content Delivery Network (CDN) market stood at around $ 7 billion in 2017 and is projected to grow at a CAGR of more than 29% to reach $ 33 billion by 2023, owing to rising smartphone & internet user base, increasing acceptance of Over the Top (OTT) media services and surging popularity of 4K video content. Moreover, increasing focus towards improving performance of websites, reducing latency and mitigating cyber threats is further boosting demand for CDN, globally. Growing digitalization in the BFSI sector, increasing complexity of websites and surging number of traditional media and retail companies adopting digital platform are among the other key factors anticipated to fuel the global CDN market during forecast period.
Years considered for this report:
Objective of the Study:
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Global content delivery network market is controlled by these major players, namely, Akamai Technologies, Inc., Wangsu Science & Technology Co Ltd, Amazon Web Services, Inc., Limelight Networks, Inc., CenturyLink, Inc., Verizon Communication Inc., CDNetworks Co Ltd, Tata Communications Ltd., Internap Corporation, Cloudflare Inc., etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of content delivery network companies across the globe Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the content delivery network offerings and presence of all major content delivery network companies worldwide.
TechSci Research calculated the global content delivery network market size using a bottom-up approach, where data for different components of standard application (End User, such as Media & Entertainment, Retail & E-commerce, Gaming, BFSI, etc.) were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting the overall market size. Various secondary sources such as company websites, annual reports, press releases, World Bank, Identity Theft Resource Center, Central Intelligence Agency, etc., were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as content delivery network developers, providers, partners, end users and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the global content delivery network market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10 players on the basis of CDN type offered.
Company Profiles: Detailed analysis of the major companies present in the global content delivery network market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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