Technavio has released research on the state of the global content delivery network market and it provides some rather interesting insights into what will become of this crucial element of the digital landscape.
The top three emerging market trends driving the global content delivery network market according to Technavio are 1) increasing development of content delivery clouds, 2) growing pricing pressure on vendors, and finally 3) major players building CDNs with transparent caching.
"The global CDN market is expected to grow at a CAGR of close to 30% during the forecast period, owing to factors like the growing penetration of broadband services and the increased usage of rich media files across the media, enterprise, and entertainment sectors." said Ujjwal Doshi, a lead analyst from Technavio, specializing in research on internet and ecommerce sector.
"Increasing amount of video contents being streamed over the Internet and the increasing usage of the Internet for communication in corporate organizations is also driving the market growth."