According to a new market research report, the global Content Delivery Network Market is expected to grow from $2.1 billion in 2011 to $7.4 billion by 2017. North America commands the largest share; i.e., 64.3% of the overall managed Content Delivery Network Market in 2011 at $1.3 billion; and is expected to reach $4.6 billion by 2017, at a CAGR of 24.1% from 2012 to 2017.
Over the last decade, the internet had exhibit utmost growth and trend-change over use of online content. The ever-evolving internet has resulted in growing internet traffic, content richness and the network complexities to manage efficient content delivery to user. To counter these internet limitations and content delivery drawbacks, CDNs have evolved.
Content delivery networks have emerged as one of the most lucrative markets for the existing players as well as for new market players. Rapid explosion of web-based content mainly online music, online video, online transaction-based services have spurred the demand for CDNs. Online content is growing at a rapid rate from content provider businesses as well as from individuals who have started posting or uploading their content online to share with their peers. As the internet traffic load increases, it becomes difficult to manage this growth in traffic and provide quality of service to the end-user. Due to the increasing demand for quality of services, new players have entered into this market with their network optimization solutions. With this increase, competition has intensified. Content providers have to clearly differentiate their products among other CDN providers for achieving better adoption among users.
Following the success of the recent CDN World Summit, the industry is now looking ahead to CDN Asia, which takes place on 21-22 January 2014 in Singapore. CDN Asia’s agenda promises exclusive insight from a stellar speaker and panellist line-up that already includes Liang Jie, Technical Director, China Telecom; Marc Halbfinger, Chief Executive Officer, PCCW GLOBAL; JinHyo Park, Head of Access Network Lab, SK Telecom; Suresh Sidhu, Chief Corporate and Operations Officer, Celcom Axiata Berhad; Gary Traver, Media Director, Telstra; and Nigel Harper, Director, FOX International Channels.
CDN Asia will take place at the Marina Bay Sands in Singapore on 21-22 January. To view the full event programme and register your attendance, please visithttp://cdnworldsummitasia.com/. Additionally, keep up to date with event news on Twitter @CDNworldsummit or use #CDNASIA.