Seattle, United States -- (SBWIRE) -- 02/27/2017 -- According to a new market research report "Cloud Content Delivery Network (CDN) Market by Type (Standard/Non-video and Video), Core Solution (Web Performance Optimization, Media Delivery, and Cloud Security), Adjacent Services, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the global cloud Content Delivery Network (CDN) market to grow from USD 1.81 Billion in 2016 to USD 6.23 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 28.0%. 2015 has been considered as the base year, while the forecast period is 2016-2021.

Browse 62 market data tables and 56 figures spread through 159 pages and in-depth TOC on "Cloud Content Delivery Network (CDN) Market - Global Forecast to 2021"

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The cloud CDN market is growing rapidly owing to the rising volume of data consumption over the internet, increasing internet penetration in the emerging economies, and the proliferation of video and rich media content over social sites.

Media delivery is expected to dominate the cloud CDN market in terms of core solutions

The research study for global cloud CDN market encompasses analysis of the market on the basis of core solutions, which is further segmented on the basis of web-performance optimization, media delivery, and cloud security. The media delivery solution is growing majorly due to the rising number of internet users especially in the emerging economies.

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Video CDN is expected to hold the largest market share

The global cloud CDN market type is segmented on the basis of standard/non-video and Video CDN. The video CDN market held the largest market share and is expected to maintain its dominance over the coming years. The growing trends in Video on Demand (VoD) services globally have led to rising popularity of video CDN across the globe.

The North American cloud CDN market is expected to be the most lucrative market in 2016

The research study encompasses regional market analysis for North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America along with some of the major countries in the specific regions. North America evaluated majority of the regional market share in 2016 for the cloud CDN market, followed by Europe.

Highest internet penetration, growing demand for uninterrupted content delivery, large geographical land mass with remotely located internet users are some of the major factors affecting the North American cloud CDN market to hold the largest share. However, the market growth in the developing regions can be attributed to the enhancements in technology.

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Major vendors that offer cloud CDN solutions are: Akamai Technologies, Inc. (Cambridge, U.S.), Google, Inc. (California, U.S.), Level 3 Communications (Colorado, U.S.), Limelight Networks, Inc. (Arizona, U.S.), Alcatel – Lucent SA (France), Amazon Web Services, Inc. (Washington, U.S.), Internap Corporation (Georgia, U.S.), Ericsson (Sweden), Verizon Communications, Inc. (New York, U.S.), 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.), MaxCDN (U.S.), CloudFlare, Inc. (U.S.), and Conviva (California, U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the cloud CDN market.

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