Market Study on Content Delivery Network (CDN) Market and its challenges

Posted on 2019-10-09 by MarketsandMarkets in Technology // 0 Comments

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.

Content Delivery Network (CDN) contains interconnected servers that quickly deliver huge web content to numerous users across the globe. CDN interconnects proxy servers or cache servers that are distributed globally across numerous data centers. It delivers downloadable data, such as media files, text, images, video, live streaming, software, and social network data.

How a concern 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.

An increasing demand for cloud-enabled services is one of the major growth opportunities for vendors in the CDN market. The acceptance of cloud solutions among organizations has reduced the efforts and expenses related to the complexity of hardware installation and maintenance, thereby enhancing the company’s business model. The cloud, the convenient, easy-to-use, and flexible approach, has led to the growth of the CDN market. CDN in the cloud is expected to change the landscape of both the CDN and the cloud market simultaneously. The demand for cloud services is increasing in emerging economies tremendously. Therefore, the CSPs have started deploying CDN to deliver software, applications, and infrastructure services, thereby providing a better QoS and QoE to the clients. In addition, the CSPs are managing CDN in their data centers, and are licensing and reselling such CDN services under their brand name. Therefore, increasing cloud adoption is further driving the CDN market.

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