New Product Launches & Product Enhancements Accounted is the Key Strategy Adopted by Players in the CDN Security Market Between 2015 and 2017.
The Content Delivery Network (CDN) security market size is estimated at USD 1.93 Billion in 2017 and is projected to reach USD 7.63 Billion by 2022, at a CAGR of 31.6% during the forecast period. Some of the major factors that are driving the CDN security market are increasing demand for CDN security to protect content against rising security attacks/threats, increasing instances of DDoS and application layer security attacks, and increasing preferences for cloud-based services.
Organizations such as Akamai Technologies (US), Amazon Web Services (US), Arbor Networks (US), ChinaCache (China), Cloudflare (US), Distil Networks (US), Limelight Networks (US), Microsoft (US), Nexusguard (US), Radware (Israel), StackPath (US), and Verizon Digital Media Services (US) offer CDN security. These players have adopted various growth strategies, such as expansions, contracts, mergers & acquisitions, partnerships, and new product launches & product enhancements. New product launches & product enhancements accounted is the key strategy adopted by players in the CDN security market between 2015 and 2017.
Akamai Technologies (US) focuses on inorganic strategies, such as partnerships and acquisitions to achieve growth in the CDN security market. For instance, in October 2017, Akamai Technologies partnered with Bell, one of the largest communications companies in Canada to offer a suite of web security and performance solutions for Canadian businesses. This partnership will offer its cloud security solutions, web performance solutions, and media delivery solutions to Bell’s customers. Akamai Technologies offers the Akamai Intelligent Platform to securely distribute and accelerate web content, enterprise applications, and video.
Clouflare (US) also focuses on inorganic strategies such as partnerships and collaborations to grow in the CDN security market. In September 2017, Clouflare partnered with Google Cloud to fund developers to build applications on the Cloudflare Apps Platform. This collaboration will give developers of Cloudflare Apps an access to a wide range of benefits, including USD 3,000–100,000 of Google Cloud Platform (GCP) credits at no cost for one year. Clouflare offers Cloudflare CDN solution, which is designed and built to integrate emerging technologies to ensure that customers receive the most advanced protocols on web.
Related Reports:
CDN Security Market by Type (DDOS Protection, Web Application Firewall, Bot Mitigation & Screen Scraping Protection, Data Security, and DNS Protection), Organization Size, Vertical, Region - Global Forecast to 2022
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