The content delivery network market is anticipated to witness healthy growth from 2018 to 2024, a research report suggests. Growing at a CAGR of 26.5%, the market is projected to reach a higher valuation by 2024. The demand for fast delivery of content over the internet is expected to support the market growth along with the reduction of latency. As predicted by analysts, the lack of skilled human resources will negatively affect the market’s performance from 2018 to 2024. During the forecast period, the market will be supported by the rapid growth in sharing of content and the adoption of the internet. The lack of demand from certain regional markets on the other hand will challenge content distribution sector based organizations functioning in the global content delivery network market. Analysts have split the market into type, applications, service providers, vertical, and solutions segments based on products and services. Content distribution based companies have been profiled.
The growing penetration of alternatives in the market is set to affect the global market during the forecast period 2018 to 2024. The report also provides the market’s performance forecasts till 2024. Analysts have studied the strategy of content distribution segment based organizations to help new entrants and established businesses. The content distribution sector itself is supported by technological advancements as well as the increasing demand from various industry verticals. During the forecast period 2018 to 2024, the content delivery network market is set to witness a health growth across type, applications, service providers, vertical, and solutions segments as well as regional markets.
The content distribution sector has seen growth across type, applications, service providers, vertical, and solutions segments owing to consumers aiming for more convenience and the growth of communication channels. To study the market, analysts have further segmented type, applications, service providers, vertical, and solutions into standard content delivery network, video content delivery network on the basis of type. The market is further segmented into solutions sub segment which is split into media delivery, web performance optimization, and cloud security. Additionally, the content delivery network market on the basis of application is segmented into analytics & performance monitoring, network optimization, OTT streaming, website & API management. The market is further segmented into service providers sub segment which is split into cloud services providers, telco content delivery network, traditional content delivery network, and others. Additionally, the content delivery network market on the basis of vertical is segmented into BFSI, education, gaming, it & telecommunication, media & entertainment, retail & ecommerce, and others.
The segmental analysis presented in the report provides content distribution field based organizations insights into key growth factors such as advancements in technology as well as challenges such as the lack of awareness the market will face from 2018 to 2024. The changing social behaviour and increasing awareness levels are some of the key factors having an influence on content distribution industry based companies, suggest analysts as per the content delivery network market report. But the report also identifies the shifting preference for cheaper alternatives and the increasing demand for highly skilled professionals as major threats companies in content distribution will face till 2024.
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Content distribution market based companies in the content delivery network market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Consumers aiming for more convenience will be a key growth driver for regional markets. However, the high cost of product and maintenance will turn out to be a threat. For the forecast period 2018 to 2024 each of these regional markets are studied in the report. Starting from North America, the regional market and content distribution vertical based companies are spread across the United States, Canada, and Mexico. The lack of investments from major companies will turn out to be a major challenge from 2018 to 2024. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the increasing demand from various industry verticals as well as high demand across industry verticals, suggests the report. Similarly, the content distribution sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the content delivery network market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2024.
The global content delivery network market research report brings a comprehensive study of type, applications, service providers, vertical, and solutions market segments, regional analysis, and content distribution vertical based company details of key players. As the forecast period 2018 to 2024 will bring new opportunities for the market owing to the rise in distribution channels and the presence of untapped market opportunities, the market is set to grow at a compound annual growth rate of 26.5% and is predicted to reach a higher valuation by 2024. With SWOT analysis of content distribution sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as dynamic policies and regulations and the lack of investments, companies in the content distribution sector can change the way business is done.
Akamai, a leader in web streaming and internet networking, has agreed to buy Verivue, a content distribution network provider, for an undisclosed sum of money. Although the deal's terms haven't been revealed, Akamai said it sees the takeover as a way to expand and supplement its Aura Network Solutions product line of controlled service distribution network provisions, which is geared toward network operators. Verivue, headquartered in Westford, Massachusetts, designs and develops high-performance systems for network operators that allow for the dissemination and transmission of Internet-based media traffic through networks to a range of users.