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North American Content Delivery Network Market is Expected to Reach $7,628.4 Million in 2019 - New Report by MicroMarket Monitor(July 15, 2014)
(PRWEB) July 15, 2014
The consumption of Internet has shown an exponential growth in the previous decade. The usage of Internet has increased at both enterprise and individual levels. The social networking platforms have led to intense data traffic over the network. The problems networks are facing due to increase in Internet traffic are congestion, loss of data packets, and eventually affecting QoS. The trends of live media streaming and media storage over cloud platforms have increased the strain of the network infrastructure. CDN has emerged as an ideal solution to address and handle all these problems and to meet the demand for delivering better quality content to users.
The global content delivery network market is estimated to grow from $3,703.4 million in 2014to $12,163.7 million in 2019. This rise in revenue is at a CAGR of 26.9% from 2014 to 2019. Some of the key players in the Global Content Delivery Network Market can be considered to be Akamai, Level 3, EdgeCast, LimeLight, and CDNetworks,among others.
In the North American region, many businesses and their levels of communication with the users have grown with the increasing use of internet, which includes efficient communication through online video content and streaming media. Online music, online games, and transfer of rich media files over the Internet are significant drivers for the content delivery network market. These factors are considered to be effective propulsions for the content delivery network market in the region.
The North American content delivery network market is estimated to grow from $2,374.1 million in 2014 to $7,628.4 million in 2019. This rise in revenue is at a CAGR of 26.3% from 2014 to 2019.
Browse through the market data tables, figures and detailed ToC on the North America Content Delivery Network Market.
Latin America Content Delivery Network Market
The usage of internet services in the Latin American region has shown a continuous and steep rise. This has increased the internet traffic and hence requires a steady content delivery networking system. The world events such as FIFA World Cup 2014 and Rio Olympics 2016 would take up the need for content delivery networks to higher levels. Moreover, the number of smart phones and other smart devices has been increasing exponentially over the past couple of years. This has provided wider internet access in the region,thus increasing internet traffic. The need for advanced CDN solutions is thus expected to increase in the near future.
The Latin American content delivery network market is estimated to grow from $315.3 million in 2014 to $821.9 million in 2019. This rise in revenue is at a CAGR of 21.1% from 2014 to 2019.
Europe Content Delivery Network Market
Internet has found applications in almost every business domain and also being utilized at individual levels. The European region is experiencing an enormous rise in the internet usage, which has created the need for efficient content delivery network architecture. The rising consumption of high-quality online media content and other related factors such as the use of smart devices have contributed to the revenues of the CDN market in the European region.
The European content delivery network market is estimated to grow from $347.9 million in 2014 to $969.4 million in 2019. This rise in revenue is at a CAGR of 22.7% from 2014 to 2019.
Asia-Pacific Content Delivery Network Market
Internet has shown rapid increasing trends in the Asia-Pacific region. The number of internet and mobile data subscribers has multiplied several folds in the past few years. More people are connecting to the web through computers, tablets, mobiles, and other handheld devices. The evolution of smart phones and other smart devices and rapid adoption rates in the region is expected to rise further in the near future. This has raised the demand for advanced CDN solutions in the regional market.
The Asia-Pacific content delivery network market is estimated to grow from $455.9 million in 2014 to $2,302 million in 2019. This rise in revenue is at a CAGR of 38.2% from 2014 to 2019.
Middle East and Africa Content Delivery Network Market
The amount of internet services used in the Middle East and Africa region is exponentially increasing with the greater number of people utilizing the internet and related media content. The rapid economic development in the region has widened the scope for more internet subscribers and data traffic even further. This requires significant content delivery networking solutions and thus shows growing trends in the CDN market in the MEA region.
The Middle-East and Africa content delivery network market is estimated to grow from $212.3 million in 2014 to $441.9 million in 2019. This rise in revenue is at a CAGR of 15.8% from 2014 to 2019.
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