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Content Delivery Network (CDN) Market and its Key Opportunities and Challenges

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Content Delivery Network (CDN) Market and its Key Opportunities and Challenges

October 30
09:52 2019
Content Delivery Network (CDN) Market and its Key Opportunities and Challenges

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)
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

The 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% as per a report by MarketsandMarkets. 

Why rising demand for integrated and next-generation security solutions and services offers more opportunity?

CDN security entails multi-layer network protection from the prevailing cyber threats. Cybercriminals use multi-layered cyber-attacks to monitor the intelligence and commercial aspects of individuals, enterprises, and countries. Therefore, organizations are looking for advanced and integrated security solutions that enable them to both reduce the cost and improve the safety of the network and application in their infrastructure. Standalone security solutions, such as Web Application Firewall (WAF), bot mitigation, and Distributed Denial of Service (DDoS), are not capable of handling such types of unified security threats. Above all, the cost of implementation and monitoring of individual solutions is an expensive affair. Therefore, the need for integrated security solutions, such as DDoS protection and mitigation, and WAF, is expected to collectively grow and eventually lead to market demand for all individual security components. As the rate of change in the IT environment is unprecedented, cyber-attacks can take place at an increasing rate with an increasing level of sophistication. These integrated security solutions absorb network attack traffic automatically, provide protection against volumetric attacks, and determine the root cause of the cyber-attacks. By considering all the layers of the 7-layer model, such security solutions provide complete security measures with the help of CDN solutions.

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How concerns about security and privacy remains a key challenge?

With the increasing use of video streaming solutions for watching movies and advertisements, there is a rise in viruses and cyber-attacks. Often, users send and receive various video links to one another, which are sometimes corrupted by potent viruses. Ultimately, these viruses can potentially expose private details of the recipients to malicious hackers and can affect the devices of all the recipients. The security of video content has become crucial. Video streaming solution providers need to develop and provide secured video streaming solutions to users. Security and privacy of the video content shared across various platforms is among the major concerns. At the same time, there are also concerns related to copyrights and digital rights mismanagement, which can arise due to misuse of data and information leakage. To counter such challenges, enterprises need to restructure their strategies of deploying video technologies before use. In the absence of apparent policies and procedures for properly identifying and managing the video content may face a sluggish adoption rate.

The prominent players in this market 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.), Verizon Communications, Inc. (New York, U.S.), Ericsson (Sweden), 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.).

Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=657

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