According to Informa Telecoms & Media report, the Content Delivery Network (CDN) market worth is estimated to skyrocket to $4.63 billion by 2017, other reports indicate a higher revenue of up to $7.4 billion.

The usage of CDNs is growing at a rapid rate due to the increase of Over The Top (OTT) services, a higher demand for better quality, and user experience. Websites that provide demanding content such as images, music, and video are affected by poor network speeds and high traffic. Online services are looking to content hosting providers to deliver their services fast and effectively to users.

Companies from startups to large businesses are taking advantage of CDNs, and it shows in global revenue reports like Research and Markets. In 2010 the market was generating close to $1 billion, but now it’s near $2 billion, and has an expected growth of up to $7.4 billion by 2017. CDN service providers are quickly rising and trying to capture this revenue.

In 2005 there were only a handful of large companies controlling the industry, keeping prices high and making it only accessible for enterprise level applications. As the market grows, so does the number of providers. With the CDN industry generating billions there are now over 120 companies offering cheaper alternatives and making a CDN available to individuals, startups, and big businesses.

James Mulvany, founder of CDNify, shares his thoughts on the CDN industry, “We believe that a solution should be accessible not only to big companies, but to small ones as well from startups, small-medium sized businesses, and even individuals like developers and freelancers. With CDNify we’ve tried to create an experience that integrates seamlessly with workflows, all the while bringing prices down to meet demand”.

The future of the internet and online services are forever expanding. The CDN industry is in its early stages as more providers are joining the marketplace to meet demands.