Global Content Delivery Network (CDN) Market Expected to Reach $ 37.30 Billion by 2028 | Business Intelligence Insights (BII)
Global Content Delivery Network (CDN) Market Expected to Reach $ 37.30 Billion by 2028 | Business Intelligence Insights (BII)
Publisher Name : Business Intelligence Insights (BII)
Publish Date : 2022-01-11
Market Scope of Content Delivery Network (CDN) Market
The Global Content Delivery Network (CDN) market was valued USD 18.70 billion in 2021 and is predicted to increase at a CAGR of 12.20% to USD 37.30 billion by 2028. The demand for high-quality, original content, as well as the ongoing evolution of content consumption, has prompted the creation of effective CDN solutions that may boost network speed and content delivery. The increased demand for OTT and VOD services will ensure that content is delivered continually over a high-speed data network, boosting market growth during the forecast period. The market's biggest difficulty is privacy and data security concerns. As more individuals utilise video streaming solutions to watch movies and advertisements, viruses and cyberattacks are on the rise. Finally, these infections have the potential to expose users' personal information to malicious hackers while also affecting the devices of all recipients.
A content delivery network (CDN) can help reduce delays and loss time in web page and content loading by reducing the physical distance between the user and the server. Users will be able to access and view high-quality information and web pages without waiting for them to load. This will result in a huge increase in traffic at the origin, as well as a higher risk of server failure; however, the content delivery network provides significant internet traffic security. Content delivery network technologies are widely used in the media and entertainment industry to improve audio and video content delivery.
Key Highlights of the Report
In 2021, the market for Content Delivery Network (CDN) was dominated by media delivery as a solution. The market has a market share of more than 34% in the same year. Because of the internet's use, the media delivery market is rising. 56.3 percent of the world's population uses the internet, which accounts for the growing amount of online material. Consumer demand for high-quality content is increasing, thanks to the arrival of 4K/UHD televisions, high-definition content for smart devices, and increased connection. Many media companies are switching to digital distribution models. As a result of these changes, CDNs have a large market opportunity. CDN providers are increasingly focused on ways for improving web performance to suit the needs of mobile and dynamic content. Mobile traffic for media-related services accounted for roughly 45 percent of total traffic last year, and this number is expected to climb.
Media and Entertainment, Video Streaming, OTT Platform, Online Gaming, Retail and ecommerce, eLearning, and Healthcare. are some of the applications for Content Delivery Network (CDN). In 2021, the media and entertainment industry accounted for nearly 40% of overall revenue. In response to increased demand for online streaming and VOD services, the media and entertainment industry is changing to a digital distribution paradigm and seeing unprecedented growth, necessitating data and network optimization. Regardless of the device, CDN providers are increasingly emphasising on providing high-quality visual capabilities with greater visibility to their consumers. CDNs can help reduce latency and improve the content distribution process overall. This can benefit viewers by giving a high-quality experience, which might become a crucial component in media and entertainment corporations earning income.
North America had the biggest revenue share of more than 30% in 2021. The region has the highest internet penetration, and one of the key drivers of regional market growth is the increased demand of 4K resolution monitors. For data delivery efficiency, these provide a reliable CDN architecture. Furthermore, rising smartphone demand, increased acceptance of cloud-based services, and the installation of high-speed data networks are expected to have a direct impact on regional market growth. An growth in leisure spending is another significant factor boosting the use of CDN solutions in the region.
The report contains qualitative and quantitative research on the global Content Delivery Network (CDN) Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Content Delivery Network (CDN) Market:
Akamai Technologies (US)
Microsoft (US)
IBM (US)
Limelight networks (US)
Google (US)
AWS (US)
AT&T (US)
Cloudflare (US)
Lumen Technologies (US)
Deutsche Telekom (Germany)
Fastly (US)
Citrix systems (US)
NTT Communications (Japan)
Comcast Technologies (US)
Rackspace Technology (US)
CDNetworks (South Korea)
Tata Communications (India)
Imperva (US)
Broadpeak (France)
Quantil (US)
StackPath (US)
G‑Core Labs SA (Luxembourg
Tencent Cloud (China)
OnApp Limited (UK)
Edgecast (US
Kingsoft Cloud (China)
Bunny.net (Slovenia)
Baishan Cloud (US)
Amway Corp (US)
Segmentation of the Global Content Delivery Network (CDN) Market: