iCrowdNewswire Dec 4, 2020 9:00 AM ET
Content Delivery Network (CDN) Security Market is expected to reach $8.85 billion by 2025 at a CAGR of 26.2% during the forecast period 2020-2025. With the rapidly changing IT infrastructure, hackers are finding new ways of stealing valuable information and disrupting businesses by surpassing digital security walls. Credential theft cases are also increasing due to an increasing dependency on websites and web applications for critical purposes including transactions, purchases, and other related activities. According to the report given by Verizon, Credential thefts, social attacks accounted for over 67% data breaches. Increased data breaches has encouraged the organizations to adopt high-security solutions, such as CDN security. Moreover, vendors in the global CDN security market are introducing solutions for advanced threats such as DDoS, which is expected to drive the market growth during the forecast period 2020-2025.
By Solution- Segment Analysis
DNS Protection is growing at a highest CAGR of 30.2% in the forecast period. The significant demand for DNS protection from various verticals such as e-commerce websites and government agencies, rising security threats due to the complexity of DNS and the demand for DNS protection as an essential security measure in CDN security are major factors supporting the high growth of the DNS protection segment. In addition, many modern enterprises are often vulnerable to DNS server security risks as they only use a couple of DNS servers. As a result, this may leave them incapable of protecting against volumetric attacks, whereby large amounts of traffic to a website may cause servers to preventing users from finding the website. Hence with the help of DNS protection system enterprises can prevent from these attacks. Hence these benefits are analysed to drive the market in the forecast period 2020-2025.
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By Industry Vertical – Segment Analysis
Content Delivery Network Security in Media & Entertainment segment is growing at a CAGR of 32.27% in the forecast period. Increased live streamed content, rising adoption of cloud-based video streaming solutions, and upsurge in demand for online videos in developing economies which are set to drive the growth of the Media and Entertainment market. The voluminous increase in the amount of data generated by media and entertainment firms has created a need for reliable Content Delivery Network security solutions. In addition, the media and entertainment segment is utilizing full capabilities of CDN security solutions as it empowers the media and entertainment companies to secure the strong delivery of content and services. The advanced solutions give end-to-end process skills that eliminates the necessity for involving multiple security vendors at totally different levels. Hence these benefits are analyzed to drive the market in the forecast period 2020-2025.
By Geography – Segment Analysis
North America dominated the market by a market share of more than 33.5% in 2019, early adoption of advanced technologies, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, Netflix, Amazon prime and many others has been rising in this region. In addition, due to availability of low cost bandwidth in different forms of video formats, CDN Security faces huge demand in this region. In addition to this huge number of developments in the form of acquisitions, partnerships and launches have been driving the market in this region. In addition, iincreasing innovations in technologies through R&D, rise in deployment of the cloud CDN solutions, digital connectivity, and cyber-attacks are the key factors responsible for the deployment of CDN security in the North American region. Moreover, presence of key companies, such as Arbor Networks, Cachenetworks and CDNetworks in this region is also fueling the CDN security market during the forecast period. Hence these developments are analyzed to drive the market in the forecast period 2020-2025.
Drivers – CDN Security Market
Increasing Demand for Cloud-based Services
Outbreak of Corona Virus has pushed a majority of the IT enterprises to adopt the work from home model. IT and ITES enterprises have enabled mobile workforce, adopting enterprise mobility tools & services. Thus, there is an increased demand for cloud communication and collaboration services across the globe. Digital productivity and collaboration tool providers such as Microsoft and Zoom are witnessing massive upticks in usage across China, Italy, and the US because of coronavirus. Therefore, there will be continuous growth in the demand for cloud infrastructure services and spending on specialized software, communications equipment, and telecom services. With the increased demand for Cloud services, Companies are investing heavily in deploying CDN Security solutions, hence the demand for these services increases in the forecast period 2020-2025.
Increasing Instances of DDoS and Application Layer Security Attacks
The rapid adoption of emerging technologies is greatly increasing efficiency while adding dynamic cybersecurity challenges for organizations. Cyber-attacks have moved beyond identity theft. Cloud based technology continues to adapt and evolve cybersecurity threats and instances of DDoS and Application Layer Security Attacks are increasing at highest rate. With these increased instances of security attacks institutions, organizations are investing heavily in deploying CDN security Solutions. Hence increased instances of DDoS and other security attacks are analyzed drive the market for CDN Security in the forecast period 2020-2025.
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Challenges – CDN Security Market
High Operational Costs Related to CDN Security
Although CDN Security Services are growing at significant rate high operational cost associated with these security solutions are analyzed to hamper the market growth. These high operational cost are due to Network deployment features, improved online security posture and so on. Hence these high operational costs are analyzed to hamper the market growth in the forecast period 2020-2025.
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the LATAM LMS-Frontline worker training market. In 2019, the market of CDN Security industry outlook has been fragmented by several companies. CDN Security top 10 companies include Amazon Web Services, Arbor Networks, Cachenetworks, CDNetworks, Chinacache, Cloudflare, Distil Networks, Fastly, Imperva Incapsula among others.
January 2019 – Akamai Technologies, Inc., announced the completion of the acquisition of Janrain, Inc. With this acquisition, the company has planned to offer critical complementary capability to provide immediate security benefits to CIAM customers.
North America dominated the market by a market share of more than 33.5% in 2019. Early adoption of advanced technologies, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, Netflix, Amazon prime and many other has brought significant demand for CDN security in the forecast period.
DNS Protection is growing at a highest CAGR of 30.2% in the forecast period. The significant demand for DNS protection from various verticals such as e-commerce websites and government agencies in order to protect from rising security threats.
Content Delivery Network Security in Media & Entertainment segment is growing at a CAGR of 32.27% in the forecast period. The voluminous increase in the amount of data generated by media and entertainment firms has created a need for reliable Content Delivery Network security solutions.
CDN Security top 10 companies include Amazon Web Services, Arbor Networks, Cachenetworks, CDNetworks, Chinacache, Cloudflare, Distil Networks, Fastly, Imperva Incapsula among others.
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