Akamai increased its market share of the cloud...
Akamai increased its market share of the cloud video service market serving media and entertainment companies to nearly 30 percent in early 2013, said ABI Research in a news release Wednesday (http://bit.ly/1fj9dIC). Akamai had $322 million revenue during the first…
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half of 2013 in the market that includes content delivery networks, online video platforms, managed video platforms and video content management systems, said an ABI report. Akamai has no close competitor, with other companies competing in the market all having “less than approximately five percent of market share,” said the industry research firm. “The CDN and related markets are poised for a round of consolidation,” said Sam Rosen, ABI Research practice director. “We expect horizontal consolidation -- where rival CDNs combine to gain scale in their competition with Akamai -- as well as horizontal consolidation -- where CDNs bring in functions, especially from OVPs, to compete for the largest content producers."