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(IT-NEWSWIRE.COM, May 10, 2018 ) Research Cosmos forecasts the Cloud Content Delivery Network market size to grow from USD 1.81 Billion in 2016 to USD 6.23 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 28.0%. Major factors contributing to the growth of the cloud CDN market are growing rich media file contents, video content, increasing use of connected and smart devices, and proliferation of rich media over social sites.
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The cloud CDN market is segmented by type, core solution, adjacent services, organization size, vertical, and region. The cloud CDN market type is primarily dominated by video CDN, and is expected to forecast fastest growing trend in the coming years. This dominance is mainly attributed to proliferation of high quality video contents over the websites and live online videos influencing more and more number of users.
Media delivery cloud CDN core solution held the largest market share, owing to large amount of media contents such as podcasts, live RSS feeds, online videos, and others. However, considering the security threats and cybercrimes over the cloud, cloud security solution is expected to witness fastest growing trend by 2021. The Cloud Content Delivery Network market is expected to forecast the highest growth trend in the online gaming vertical as compared to other industries. This growth is attributed to rising trends in online gaming and e-sports. In order to store and retrieve web content without any lag, the cloud storage adjacent service segment is expected to hold the largest market share as compared to other services.
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North America is expected to hold the largest market share and dominate the cloud CDN market due to the presence of a large number of CDN vendors, highest internet penetration in the world, large customer base, and its acceptance of technology solutions. However, APAC offers the potential growth opportunities for the cloud CDN market to emerge over the coming years. The key factors driving the growth rate in APAC region are increasing consumption of cloud services, growing penetration of mobile and smartphone devices, and high consumption of video over portable devices. The continuous growth in the integration of various cloud services is further encouraging the overall Cloud Content Delivery Network market to grow.
Latency and connectivity issues are the factors that are majorly restraining the growth of the cloud CDN market.
The major vendors in the Cloud Content Delivery Network market include Akamai Technologies, Inc. (Cambridge, U.S.), Google, Inc. (California, U.S.), Level 3 Communications (Colorado, U.S.), Limelight Networks, Inc. (Arizona, U.S.), Amazon Web Services, Inc. (Washington, U.S.), Alcatel – Lucent SA (France), Internap Corporation (Georgia, U.S.), Verizon Communications, Inc. (New York, U.S.), Ericsson (Sweden), CDNetworks (Seoul, Korea), Tata Communications (Mumbai and Singapore), and Highwinds (Florida, U.S.). The key innovators identified are Cedexis (U.S.), Incapsula, Inc. (California, U.S.), Fastly, Inc. (U.S.), CacheFly (Chicago, U.S.), Conviva (U.S.), MaxCDN (U.S.), and CloudFlare, Inc. (U.S.). These players adopted various strategies, such as mergers, partnerships, collaborations, and new product launches to cater to the needs of the cloud CDN market.
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About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
Source: EmailWire.com
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