Northbrook, IL -- (SBWIRE) -- 04/01/2019 -- The report "Content Delivery Network Market by Type (Standard/Non-Video & Video CDN), Core Solution (Web Performance Optimization, Media Delivery, Cloud Security), Adjacent Service, Service Provider, Organization Size, Vertical, and Region - Global Forecast to 2022", The CDN market size is expected to grow from USD 7.47 Billion in 2017 to USD 30.89 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 32.8% during the forecast period. The CDN market is growing rapidly, owing to the increasing volume of data consumption over the internet and the proliferation of 4K content over company websites and social sites.

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The prominent players in the CDN market are Akamai (US), Google (US), Level 3 Communications (US), Limelight Networks (US), Amazon Web Services (US), Internap (US), Verizon (US), CDNetworks (Korea), Tata Communications (India and Singapore), and StackPath (US). The key innovators identified are Cedexis (US), Incapsula (US), Fastly (US), CacheFly (US), and Cloudflare (US).

The players in the CDN market have adopted various strategies to expand their global presence and enhance their market shares. Key players, such as Akamai (US), Level 3 communication (US), Amazon Web Services (US), and StackPath (US) have adopted partnerships, collaborations, new product launches, and acquisitions strategies to expand their presence in the CDN market. The market has also witnessed many acquisitions. For instance, Highwinds, one of the key players in the global CDN market, was acquired by StackPath in 2017. Through this acquisition, StackPath has strengthened its position to serve large enterprises and has enriched its CDN product portfolio. StackPath had also acquired MaxCDN, another key player in the CDN market to capture both small and large enterprise customers.

Akamai offers media content delivery solutions to execute media distribution strategies. It supports distribution strategies, such as downloads and adaptive delivery solutions for streaming content in various streaming formats. The company also offers cloud performance solutions to enhance the delivery of applications, cloud security solutions, and cloud-based services that are used by enterprises to deliver content and applications over the internet to their stakeholders. In October 2017, Akamai announced its plans to acquire Nominum. Nominum is known for its DNS and enterprise security solutions for carriers, and this acquisition is aimed to boost Akamai's carrier portfolio for security.

Google is a global internet services provider and has over 70 offices in more than 40 countries. Google's core search engine is the market leader in online search domain. Google formed partnerships with many major players in the CDN market to offer CDN capabilities to customers spread across the globe. In June 2017, Google partnered with Nutanix to give hybrid cloud capabilities to its cloud platform along with Nutanix Enterprise Cloud. Google also partnered with Cloudflare and TripleLift to offer the best mobile web experience to its users and accelerate the loading of ads.

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North America is expected to be the largest revenue generator in 2017

The report has been segmented into 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to be the largest region in 2017 for the CDN market, followed by Europe. Rapid growth in digitization trend and video contents is a major driver of CDN solutions in North America. The market growth in developing regions can be attributed to technology enhancements.

Storage services is expected to hold the largest market share in 2017

Among all the adjacent services, the storage services segment is expected to dominate the market in terms of market share and is estimated to grow considerably during the forecast period, as the majority of unstructured data including server logs, media files, emails, and posts on social media platforms are utilizing cloud-based storage services for storing data. These storage services offer cloud storage services to reduce expenses incurred by storage costs and maintenance.

Media delivery core solution is expected to have the largest market share

The report segments the global CDN market into web performance optimization, media delivery, and cloud security core solutions. The customers expect to have flawless viewing experience, and media delivery solution assures to deliver the content and engage audience globally, without the need to build costly infrastructure to match the complexity of a different connected device. The growth of the media delivery solution is majorly driven by the need for managed and unmanaged content delivery in a reliable way, and an increasing demand for and the consumption of rich media files, high definition videos, and other static content by the users over the internet.