The world is awash with tech companies. Is the future bleak for Akamai Technologies Inc (AKAM)?

Akamai Technologies Inc (AKAM) and Plume, a pioneer of Smart Home Services, have announced a partnership. Through this partnership, Akamai’s worldwide customer network, sales, and marketing teams can now take advantage of Plume’s cloud platform to rapidly deploy new & highly personalized Smart Home Services for broadband subscribers. Plume’s Consumer Experience Management Platform, comprising services and apps for residential internet control and security, will also be incorporated into Akamai’s Security & Personalization Services Mobile Security suite and real-time threat intelligence.

The partnership between Akamai and Plume will result in a unified subscriber experience for home and business users. Through their joint global reach, the sales teams can offer solutions to increase ARPU, improve NPS, lower operational costs, and minimize subscriber churn by reducing calls for support and truck rolls.

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Another exciting development was the announcement that Akamai Technologies, Inc. (AKAM) had been awarded an Emmy Award for its TV industry achievements. However, Akamai’s developments are essential to the industry, despite its not producing content for TV.

The Akamai content delivery network was awarded the “Excellence in Engineering Creativity” award two decades ago. After the audiovisual content delivery issue, network bandwidth and performance of web services were problematic. Presently, Akamai’s CDN platform lowers costs for companies delivering content through the Internet and allows them to reduce a variety of expenditures.

In 2020, Akamai’s development efforts proved their value. Content delivery networks are seeing an increase in load due to the rise in demand for online entertainment. The result is that hundreds of millions of people worldwide are using streaming services, and regular customers are using them for longer and longer periods against the backdrop of self-imposed isolation.

One of the largest content delivery networks, Akamai Intelligent Edge, is taking over much of the increased load. More than 325 thousand servers are located in over 130 countries. Akamai’s innovations use over 400 TV channels, pay-TV services, and OTT solutions. Live broadcasts are available via Akamai for sports, news, and other events. There is more than sufficient room for Akamai to increase its sales in the next decade.

Akamai Technologies Inc (AKAM) has performed well over the past year. Over the last year, AKAM’s performance has been elevated by 27.01%, while the stock has soared by 7.75%. According to recent data, AKAM’s quarterly performance stands at 13.56%, and it has been up by 12.08% during the last month. Presently, the weekly performance stands at 10.13%


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