The Global Content Delivery Network market to grow At A CAGR Of 23.5 percent over the period 2011-2015 according to a new Research and Markets report entitled: "Global Content Delivery Network Market 2011-2015" report. One of the key factors contributing to this market growth is the efficient utilization of bandwidth. The Global Content Delivery Network market has also been witnessing the Media Entertainment sector adopting IP-based networks. However, the high cost factor could pose a challenge to the growth of this market.
Key vendors dominating this market space include Akamai Technologies Inc., Level 3 Communications Inc., Limelight Networks, CDNetworks Co. Ltd.
Commenting on the report, an analyst from TechNavio's Networking team said; The internet is emerging as a popular media entertainment source. There has been a drastic increase in video streaming in the last two years and this trend is expected to continue. People are spending more time watching online videos, and despite the fact that the number of viewers tends to be minimal compared to TV viewers, the trend is increasing rapidly. The increased usage of smartphones and tablets has also played a major role in this, as more people tend to view and download videos through these devices. Hence, consumers are opting for IP networks for watching videos, and this has led to a drastic increase in network traffic growth. Hence, to improve traffic management and customer experience, network operators are using CDN solutions, which are highly effective.
According to the report, the increasing usage of the internet, online video, online games, etc. has led to increased adoption of CDNs. They provide content with high efficiency compared to that of the standard internet content delivery. This factor is driving the growth of the market.
Further, the report also discusses that the high cost factor of the CDN solution is the main challenge faced by the market.
For more information visit http://www.researchandmarkets.com/research/x82zcf/global_content_del
