Video CDN Market 2015 will grow at a CAGR of 29.66% by 2019 : PR Market Web
Global Video CDN Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Video CDN market landscape and its growth.
Bay Shore, NY(21 Nov 2015)
CDNs are servers placed closer to users to reduce the latency of the network in transmitting content across long-haul networks. They are interconnected over the internet and help in optimizing the network's performance. CDNs dynamically provide data to users by locating the nearest server with the duplicate content. This reduces the distance traveled by the content, and the number of hops reduces the packet loss, optimizes the bandwidth usage, and enhances the overall user experience. Video CDNs are highly efficient in managing video data traffic and their adoption is expected to grow during the forecast period. Several factors such as the growing penetration of broadband services, the increased usage of rich media files across sectors such as the Media, Enterprise, and Entertainment sectors, the increase in the number of videos streamed, and the growing usage of the internet to transfer rich content are leading to the increasing adoption of video CDNs.
Global Video CDN market will grow at a CAGR of 29.66% over the period 2013-2018.
Commenting on the report, team said: “One of the main trends that is being witnessed in the Global Video CDN market is the growing pricing pressure on vendors, owing to the increasing competition among them. Akamai dominated the market till 2009, but the company is now witnessing immense competitive pressure from vendors such as Level 3 Communications, Limelight Networks, and CDNetworks. As a result, Akamai, which earlier used to adopt a premium pricing strategy for its CDN solutions, has reduced its prices. Hence, vendors such as Akamai are attracting a large number of customers but are compromising with their margins.”
Covered in this Report
The Global Video CDN market has been segmented in terms of geography and the corresponding market size and forecast has been provided. The report also covers the top three countries for video CDN in 2013 and talks about drivers, challenges, and trends in the individual market.
Global Video CDN Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Video CDN market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the main drivers in this market is the significant increase in video data streaming. With the increasing internet speed and improving video quality, the number of videos being streamed each day has increased significantly.
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Further, the report states that one of the main challenges in this market is the high cost of video CDNs. Video CDNs are usually provided through third-party vendors, and the fees charged by them for providing video CDN services are generally high. This makes it difficult, particularly for SMEs, to afford video CDNs. Moreover, the deployment of large-scale video CDN solutions involves hidden charges and additional setup fees, making it even more expensive for enterprises.
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