Pune, Feb. 21, 2023 (GLOBE NEWSWIRE) -- “The Content Delivery Network Market Size was valued at US$ 20 Bn in 2022, and is estimated to reach US$ 102.43 Bn by 2030, with a forecasted CAGR of 22.65%, says SNS Insider.”
By copying or caching web material on many servers and providing it to customers remotely, a CDN is an online web of connected computers that quickly distributes web content to many users. Using a CDN allows for the delivery of material to end users with high availability and performance. Today, CDNs are used to deliver web content (text, graphics, and scripts), downloadable content (media files, documents software), applications (e-Commerce portals), real-time streaming data, on-demand streaming media, and social media.
Increasing demand for services enabled by the cloud contributes as an opportunity in the CDN market.
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The business model of the company has been improved by the decrease in complexity and cost of hardware installation and maintenance due to the adoption of cloud solutions by enterprises. The convenience, usability, and flexibility of this method have fuelled the expansion of the CDN sector. The concomitant modification of the CDN and cloud market environments is envisaged as a result of CDN in the cloud. The demand for cloud services is skyrocketing in emerging economies. In order to deliver software, apps, and infrastructure services and give their clients superior QoS and QoE, CSPs have begun to employ CDN.
CDN Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 20 Billion |
| Market Size by 2030 | US$ 102.43 Billion |
| CAGR | CAGR of 26.92 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Key Market Segments | • By Type (Non-Video CDN and Video CDN) • By Component (Performance optimization, media delivery, application programming interface, support and maintenance, cloud storage, analytics and monitoring, CDN design, cloud security, others) • By Organization Size (Small and Medium Businesses and Large Enterprises) • By Vertical (Advertising, Media & Entertainment, Online gaming, E-commerce, Education, Government, Healthcare, Others) |
| Key Regions Coverage | North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America |
The use of CDN for personal use is predicted to increase along with the demand for cloud services. Moreover, CSPs use CDN to offer customer data storage security infrastructure services. Thus, the market for CDNs can grow as cloud use increases.
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Recent development in CDN in the CDN Market
In 2021, North America dominated the global market for content delivery networks, and this trend is anticipated to hold. In 2021, the US controlled the region of North America. This can be due to the rising demand for 4K resolution displays and the region's expanding internet penetration. Additionally, it is projected that the increasing use of cloud-based services and the development of high-speed data networks will promote the use of smart locks.
Some of the prominent companies include:
- Akamai Technologies Inc.
- CloudFlare Inc.
- Microsoft Corporation
- CenturyLink
- Limelight
- Networks Inc.
- CDNetworks Co. Ltd.
- Orange S.A.
- AT&T
- Deutsche Telekom AG
- StackPath LLC
The major corporations are taking a number of steps to broaden their geographic reach and solidify their position in the world market. Investments in R&D, mergers and acquisitions, the introduction of new goods, the formation of strategic alliances and collaborations, and improvements to current solutions are a few examples of such operations. For instance, Limelight Networks, Inc., a top provider of CDN services, declared in December 2021 that their Layer0 by Limelight web application CDN now supports GraphQL functionality. In particular for web designers, this additional functionality strengthens Limelight's position in the web application CDN market.
Key Market Segments Listed Below:
Segment by Content-type
- Static
- Dynamic
Segment by Solutions
- Web Performance Optimization
- Media Delivery
- Cloud Security
Segment by Service Provider
- Traditional Commercial
- Cloud
- Peer-to-Peer
- Telecom
Segment by End-use
- Advertising
- E-commerce
- Media & Entertainment
- Gaming
- Others
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