Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.26 Billion | USD 54.38 Billion | 11% | 2023 |
Zion Market Research has published a report on the global Content Delivery Network (CDN) Market, estimating its value at USD 21.26 Billion in 2023, with projections indicating that it will reach USD 54.38 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Content Delivery Network (CDN) Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Content delivery network assist in delivery of high speed content. Precisely, it is the globally distributed system of web servers whose aim is to offer content delivery at rapid speed. Moreover, the content is stored throughout CDN so that the end-user can easily access the data stored at a site which is in the vicinity of the user. The functions of content delivery network abbreviated as CDN comprises of redirecting of requests and providing content online. Apart from this, CDN also offers content outsourcing and negotiating contents apart from service distribution. Apparently, firms make use of content delivery networks for offering dynamic as well as static content in real-time. CDNs facilitate & enable seamless eCommerce operations along with offering mobile contents to the users.
CDN finds a plethora of uses in government, healthcare, advertising, media, gaming, education, and entertainment sectors. Apart from this, the gigantic growth of the market can be attributed to massive need for improving the quality of experience as well as the quality of the service of videos & media on websites. Moreover, growing need for improving latency- free online gaming experience is anticipated to proliferate the business scope over the years to come. With onset of new technologies like AI, cloud computing, big data, and blockchain, the market for CDN is likely to gain traction over the years ahead.
Furthermore, reduction in the data costs along with growing affordability and broadband access as well as mobile network accessibility will spike the expansion of content delivery network industry over the ensuing years. Apparently, growing acceptance of AR and VR technologies are likely to generate new growth avenues for content delivery network market over the ensuing years. Moreover, swift digitization of media & entertainment sector will promulgate the growth of the market in the years ahead.
Geographically distributed network of servers and corresponding data centers is termed as a content distribution network (CDN). It permits the immediate transfer of assets required for loading or uploading internet content including JavaScript files, HTML pages, style sheets, images, video, and HTML pages.
Currently, CDN holds prime importance and is highly in-demand for online video and live streaming applications. CDN is diversely used for various live streaming applications, such as reduction in latency, traffic load scaling, intensified security, enhanced user experience, and content globalization. Streaming live videos include voluminous data that requires inestimable bandwidth. In such cases, CDN scales-up effectively to any load size. CDN has significantly reduced latency and has relieved gamers from waiting hours only for game content to download.
These are some factors are expected to drive the global content delivery network (CDN) market in the future. However, the complicated architecture of CDN and concerns regarding QoS may hinder the overall global content delivery network (CDN) market development to some extent. Another challenge faced by the content delivery network (CDN) market is increasing security and privacy risks. Moreover, the increasing demand for edge-casting CDN for smartphone applications is anticipated to create lucrative market opportunities over the forecast time frame.
The global content delivery network (CDN) market is categorized based on product, content, component, provider, and application area.
The product segment includes standard/non-video CDN and video CDN. The content segment is majorly classified into static and dynamic.
The component segment includes solutions and services. On the basis of provider, the global content delivery network (CDN) market is fragmented into P2P CDN, traditional CDN, cloud CDN, Telco CDN, and others.
The application area segment comprises online gaming, media and entertainment, e-commerce, enterprises, e-learning, healthcare services, and others.
The content delivery network plays one of the most crucial roles in media and entertainment. Solutions are diversely utilized for media and entertainment applications for ensuring secured and highest quality view experience for the targeted users. Additionally, the escalating demand for online video streaming is also driving this segment.
Report Attributes | Report Details |
---|---|
Report Name | Content Delivery Network (CDN) Market |
Market Size in 2023 | USD 21.26 Billion |
Market Forecast in 2032 | USD 54.38 Billion |
Growth Rate | CAGR of 11% |
Number of Pages | 220 |
Key Companies Covered | Cloudflare, StackPath, Google, PeerApp, Limelight Networks, Deutsche ChinaCache International, Ericsson, Telekom, CenturyLink, Akamai Technologies, Level 3 Communications, NTT Communications, CDNetworks, Internap Corporation, AT&T, G-Core Labs, Verizon Digital Media, Microsoft, Quantil, IBM, Oracle, and Highwinds Network |
Segments Covered | By Product Type, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The market in the sub-continent over the estimated timespan can be attributed to a prominent increase in the digitization activities and escalating demand for video contents in the region. Apart from this, large-scale presence of content delivery network service providers in the countries like Canada and the U.S. is likely to pave a way for the growth of industry over the forecasting timespan. Growing 4K video trend and easy access to high speed data networks along with launching of 5G network will provide a strong podium for the growth of the market in the region over the forecast timeframe.
Prevalence of online gaming activities among the children in the countries like Canada and the U.S. along with penetration of internet in remote areas as well as various business verticals is likely to put forth new prospects of growth for the market over the forthcoming years
Some of the key players in content delivery network (CDN) market include
Content Delivery Network (CDN) Market: Product Analysis
Content Delivery Network (CDN) Market: Content Analysis
Content Delivery Network (CDN) Market: Component Analysis
Content Delivery Network (CDN) Market: Provider Analysis
Content Delivery Network (CDN) Market: Application Area Analysis
Content Delivery Network (CDN) Market: Region Analysis
FrequentlyAsked Questions
The North American global content delivery network (CDN) market accounted for a substantial share in 2018 globally, due to the early adoption of CDN solutions.
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