Content Delivery Network Market

Akamai and AWS are Leading Vendor of Content Delivery Network Market

The global Content Delivery Network (CDN) market size is projected to grow from USD 12.4 billion in 2019 to USD 22.1 billion by 2024, at a CAGR of 12.3% during the forecast period. Major factors driving the market include an increasing need for optimized live delivery and demand for enhanced QoE and QoS.

The vendors covered in the market report include Limelight Networks (US), AWS (US), Akamai Technologies (US), Google (US), Deutsche Telekom (Germany), AT&T (US), Microsoft (US), IBM (US), Quantil (US), StackPath (US), Fastly (US), Cloudflare (US), G-Core Labs (Luxembourg), and Verizon Digital Media Services (US). The key players have adopted various growth strategies, such as partnerships, agreements & collaborations, new product launches & product enhancements, and acquisitions to expand their presence in the global CDN market. Partnerships, agreements & collaborations, and new product launches have been the most adopted strategies by the major players from 2016 to 2019 to innovate their offerings and broaden their customer base.

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Akamai is a leading vendor of content delivery solutions. The company offers a diverse set of products and services, including Cloud Security, Web Performance, Media Delivery, and Network Operator. The company focuses on organic growth strategies such as new product launches and product enhancements to strengthen its innovative product portfolio. For instance, in March 2019, Akamai introduced updates to its Edge Platform, to help enterprises accelerate their cloud migration. The update would also make the migration process more secure. The company has also adopted acquisition as a strategy to improve its Edge Platform features. For instance, in January 2019, Akamai acquired Janrain to add Customer Identity Access Management (CIAM) to its Edge Platform. Thus, the company is expected to have a significant opportunity in the content delivery space in the future.

AWS is another top player in the CDN market. The company offers Amazon Cloud Front in the market. AWS invested heavily in its business expansion. For instance, in 2018, the company opened its first edge locations in Africa and in Norway and Denmark. The company focuses primarily on organic growth through innovations and business expansions in the market. AWS concentrates on providing innovative products in order to enable its end users to spread their business models and revenue streams. In the coming years, the company plans to further accelerate its pace of innovation, increase the value of the network, and deliver right solutions to its customers.

Related Reports:

Content Delivery Network Market by Content Type (Static and Dynamic), Component, Application Area (Media and Entertainment, eCommerce, eLearning, Online Gaming, Healthcare Services and Enterprises) and Region - Global Forecast to 2024

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Report Code
TC 2346
RI Published ON
5/13/2019
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