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Global CDN Market to Approach $10 Billion by 2017
It's not surprising to hear that the Content Delivery Network (CDN) market has been making impressive gains since its comparatively recent origin, but the sheer level of gain will likely be staggering to most. A recent research report from MarketsandMarkets pegged the total level of the CDN market as being worth around $7.4 billion by 2017. Moreover, it's expected that it will have a CAGR of 24.6 percent.
From online video sources to online music sources, the growing availability of content of all types and descriptions--from last season's television hits to radio dramas of the early days of radio—is steadily climbing. Demand is keeping every bit of pace with supply, and then some, as the spiraling demands on traffic require more efficient means to provide that content, hence the development and widening use of the CDN.
Not surprisingly, the largest share of that market is in North America, which holds a reported 64.3 percent of the whole, expected to hit around $4.6 billion by itself. Issues of licensing and content packaging likely have plenty to do with the discrepancies, as getting rights for the North American market is often the first consideration of studios.
Service providers aren't in a hurry to build a lot of extra infrastructure, thus opening up the bandwidth pipes is a difficult thing to get done. That may well change with improvements posed by, among others, Google (News - Alert) Fiber, but since Google Fiber is only found in a few places, it's not likely to trickle down to the wider market any time soon.
Until changes in the infrastructure—a complex task that will require substantial amounts of resources and time—can occur, making better use of the available bandwidth is an important step, and one that will be valuable even after the infrastructure improves. Making it worse is the increasing demand for better quality; users have had access to high-definition video from both standard cable sources and disc-based media for some time now, and with the costs of HDTV approaching standard, people want more HD programming to watch on said televisions. HD programming requires a lot more bandwidth than standard definition, and that makes a bad situation even worse.
The gain of CDNs is going to be a big part of that advancement, and hopefully, will mean more and better access to video and audio of all stripes in the near future.
Edited by Rachel Ramsey
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