Global Cloud Content Delivery Network Market to Grow Rapidly, Expects M&M in Its Report Published at MarketPublishers.com10 Jan 2017 • by Natalie Aster
LONDON – As of 2016, a value of the global market for cloud Content Delivery Network (CDNs) amounted to more than USD 1.8 billion. This marketplace is set to grow significantly in the near term, and this rapid expansion will be ignited by such factors as the rising volume consumption of data over the Internet, an increase in the number of transactions relative to cloud-based services, and more.
As a result, this marketplace is set to grow at a 28% CAGR in the upcoming years. It is forecast to reach the USD 6.23 billion mark by 2021.
However, there are some restraints; and ongoing websites and apps’ monetization is one of major ones. Pricing issues also pose a challenge to the growth of this evolving market.
The media delivery core solution is predicted to occupy the largest share in the worldwide market thanks to the increasing demand for augmented content and cost-effective delivery.
Region-wise, APAC boasts the bet growth opportunities for this market. And there are a number of reasons for that: a rise in the consumption of cloud services, the growing consumption of video over different portable devices, etc.
The competition is relatively intense in the world’s marketplace. Limelight Networks, CloudFlare, Highwinds, Verizon Communications and Internap Corporation are some of the leading companies globally.
Cutting-edge research report “Cloud Content Delivery Network (CDN) Market - Global Forecast to 2021” elaborated by M&M offers a comprehensive analysis of the world’s cloud CND marketplace. The study starts with an all-round overview of this market. It covers evolution of the global market.
The report sheds light on forces that shed light on drivers and restraints of the worldwide marketplace. The research study casts light on challenges and opportunities that this market has. It explores the most recent industry trends.
The research report examines the world’s market on the basis of verticals, organization sizes, adjacent services, etc. The study investigates leading marketplace in terms of both regions and countries. It covers leading companies and forecasts upcoming developments in the market space.
More insightful research reports by M&M can be found at its page.