Pune, India, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The global content delivery network market size was valued at USD 18.60 billion in 2022 and is projected to reach USD 94.98 billion by 2030, exhibiting a CAGR of 23.5% during the forecast period. Fortune Business Insights™ displays this information in a report titled, Content Delivery Network Market Forecast, 2023-2030.
A Content Delivery Network (CDN) is a group of servers that accelerate the delivery of web content and enable the quick transfer of various assets, such as HTML pages, JavaScript files, videos, images, and stylesheets that are required to load internet content. The various benefits offered by a CDN, such as decrease in bandwidth costs and better website load time are expected to augment the content delivery network market growth.
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Key Industry Development:
October 2023: Akamai Technologies, Inc. announced that it had acquired the content delivery customers from Lumen Technologies, Inc. This move will help Akamai expand its content delivery services to Lumen customers, allowing them to utilize Akamai’s distributed cloud platform.
Key Takeaways
- Rising Demand for Indoor Entertainment and Use of High-Speed Data Networks to Boost Market Growth Post Pandemic
- Demand for CDN Solutions to Rise Due to Growing Need for Better Website Performance
- Increasing Demand for Content Distribution Across Mobile and Wireless Devices to Foster Market Growth
- Growing Need for Low Latency in Real-Time Applications to Drive Market Growth
Discover the Leading Players Featured in the Report:
“Companies leading the Content Delivery Network Market share are Akamai Technologies (U.S.), Amazon Web Services, Inc. (U.S.), Fastly, Inc. (U.S.), Limelight Networks Inc. (Edgio) (U.S.), Google LLC. (U.S.), CDNetworks Co. Ltd. (Singapore), Cloudflare, Inc. (U.S.), Tata Communications (India), Medianova, LLC (U.S.), Imperva (Thales Group) (U.S.)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 23.5% |
| 2030 Value Projection | USD 94.98 Billion |
| Base Year | 2022 |
| Content Delivery Network Market Size in 2022 | USD 18.60 Billion |
| Historical Data for | 2017 to 2021 |
| No. of Pages | 150 |
| Segments covered | Component, Content Type, End User and Geography |
Browse Complete Report Details:
https://www.fortunebusinessinsights.com/content-delivery-network-market-105949
Drivers and Restraints:
Rising Demand for Low Latency in Real-Time Applications to Augment Product Use
The demand for live video streaming services is increasing at a significant pace, especially after the COVID-19 pandemic. This factor has increased the revenue margins of media streaming giants, such as YouTube and Netflix. It has also increased the demand for low-latency networks to seamlessly deliver video content on a real-time basis, which will further boost the installation of content delivery networks.
However, rising security concerns and the complex architecture of these networks can hinder their adoption.
Segmentation:
By Component
- Solutions
- Media Delivery
- App & Web Performance
- Cloud Security
- Services
By Content Type
- Static
- Dynamic
By End-Use
- Media & Entertainment
- Advertising
- E-commerce & Retail
- BFSI
- Healthcare
- IT & Telecom
- Gaming
- Others
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Regional Insights:
North America to Dominate Market Due to Growing Adoption of Innovative Technologies
North America has held the largest global market share as the region is one of the early adopters of cutting-edge technologies and is increasing its investments in technology-related research and development programs. North America also has a vast presence of reputed content delivery network service providers, which will further bolster the regional market growth.
Asia Pacific may also record the highest CAGR due to the rising internet and smartphone penetration across the region.
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Competitive Landscape:
Market Players to Focus On Collaborations and Partnerships to Expand Business Operations
Some of the key market players are entering partnership and collaboration agreements with other firms to boost their profit margins and decrease their costs by sharing vital resources. These efforts will also help them increase their customer base and enhance the quality of their content delivery network services.
FAQ’s
How big is the Content Delivery Network Market?
Content Delivery Network Market size was USD 18.60 billion in 2022.
How fast is the Content Delivery Network Market Growing?
The Content Delivery Network Market will exhibit a CAGR of 23.5%during the forecast period, 2023-2030.
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