The global content delivery network market size was valued USD 11.70 billion in 2020 and is projected to reach USD 49.09 billion by 2028, expanding at a CAGR of 26% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for high quality video content among the end-users and organizational inclination toward digitization.
A content delivery network (CDN) is a group of disseminated servers at global level that fast-track the delivery of web content. It enables the transfer of pages, files, images, and videos at high speed. Moreover, it is highly efficient in managing internet traffic by diverting the data packets to different servers and thereby reducing the load over the web servers.
The use of caching, a process where the copies of files are temporarily stored to enable the quick access of Internet content through web-browsers is done by the data centers globally. Similarly, the content delivery network is able to cache the web content like web pages, web documents, images, audio clips, and video in proxy servers near to physical location of internet users. This allows the users to access and download songs, movies, software, e-books, and other web content quickly by decreasing the content loading time. Therefore, the strategic placement of a CDN helps to reduce the load times and latency, manages the traffic peaks at ease, and provides more secure encryption.
The COVID-19 pandemic has affected almost every industry including the healthcare industry. The high risk of developing serious illness due to coronavirus disease made it challenging for the cancer and diabetic patients to reach hospital. Therefore, high adoption of the telemedicine practices in order to treat the patients remotely has fueled the expansion of the market. Furthermore, the pandemic situation has witnessed the notable increase in distance working, thereby boosting the content delivery market growth.
The report on the global content delivery network market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Content Delivery Network Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Solution and Services (Cloud Security, Media Delivery, and Web Performance), End-users (E-commerce, Advertising, Business & Financial Services, Research & Education, Media & Entertainment, Healthcare, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Google LLC; Fastly Inc; Amazon Web Services Inc; Akamai Technologies Inc; and Limelight Network Inc |
Based on solution and services, the market is fragmented into cloud security, media delivery, and web performance. The web performance segment is estimated to account for a considerable market share during the forecast period due to fast delivery of Internet content on end-user browsers. However, the media delivery segment is anticipated to exhibit a substantial CAGR during the forecast period owing to the swift delivery of broad variety of web content including high-quality video & audio files, software downloads such as high-end video games, user applications, and system updates.
On the basis of end-users, the content delivery network market is segregated into e-commerce, advertising, business & financial services, research & education, media & entertainment, healthcare, and others. The healthcare segment is anticipated to constitute a major market share during the forecast period owing to the high-level acquisition of the telemedicine techniques. Furthermore, the rising collaborations among the healthcare companies across locations for drug and medicine development and remote diagnostics is expected to grow at a robust rate due to increasing use of flame retardant substances.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to account for a key market share owing to the high number of internet users leading to the regional content growth. Moreover, the region is expected to continue its dominance in CDN domain due to growing digitalization in numerous industries and rising adoption of CDN services. Conversely, the market in the US is expected to grow at a significant rate during the forecast period due to rapid rising number online media content users to Paytv. Furthermore, acceleration in cord-cutting processes at enormous level is expected to fuel the regional market growth.
Key players in the content delivery network market Google LLC; Fastly Inc; Amazon Web Services Inc; Akamai Technologies Inc; and Limelight Network Inc.
Companies are focusing on business strategies and collaborating with other industry players for new product launches to expand their market share.
In January 2021, Amazon Web Services Inc announced its real-time video data platform for data standardization and routing services for end-to-end log data collection called as Datazoom in association with the company’s CloudFront.
Key players in the content delivery network market Google LLC; Fastly Inc; Amazon Web Services Inc; Akamai Technologies Inc; and Limelight Network Inc.
Companies are focusing on business strategies and collaborating with other industry players for new product launches to expand their market share.
In January 2021, Amazon Web Services Inc announced its real-time video data platform for data standardization and routing services for end-to-end log data collection called as Datazoom in association with the company’s CloudFront.
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