Content Delivery Network Market
The Content Delivery Network Market was valued at USD 12,427 million in 2019 and is projected to grow at robust CAGR of 13.7% over the forecast period (2020-2027).
The factors driving the growth of Content Delivery Network Market includes increasing internet penetration, growing demand for smart devices, consumers inclination for OTT Platforms and rising volumes of data generated around the world. According to the report published by Bloomberg, the Global OTT Content Market is predicted to reach USD 101.2 billion in 2021, exhibiting a CAGR of 14.5 % during the forecast period (2021-2028), which will boost the Content Delivery Network Market share in the approaching years. Moreover, the rising online gaming trend, increasing availability of e-learning platforms and growing demand for enhanced Quality of Services (Qos) and Quality of Experience (QoE), are some of the additional factors supplementing the Content Delivery Network Market size. As per Business Standard, Byju’s became the E-learning Indian Start-up to reaches USD 21 billion to become the 13th most valuable Unicorn in India. In addition, the increasing number of smart cities across the globe, the advent of 5G Technology and rising adoption of Software-defined networking (SDN), are further propelling the market growth.
However, the growth of Content Delivery Network Market is hindered due to growing concerns about privacy and complex structure of CDN.
The prominent players operating in the market are Verizon Communications Inc., Lumen Technologies, Inc., Limelight Networks, Inc., Akamai Technologies, Inc., International Business Machines Corporation, Amazon.com, Inc., Microsoft Corporation, Alphabet Inc., AT&T, Inc. and Cloudflare, Inc. among others.
Solution – Segment Analysis
Based on solution, the media delivery is predicted to capture sizeable share in the market during the forecast period. The rising digitalization, improved network bandwidth, increasing installations of social media platforms and mobile based applications in smart phones, are some of the factors responsible for the growth of the segment.
End-User – Segment Analysis
Based on end-user, the e-commerce segment dominated the market over the forecast period attributed to shift in consumers preference for online mode for shopping over walk-in traditional stores, according to Oberalo, almost 27.2 % of the world’s population is now shopping online and e-commerce platforms are predicted to hold 22.0% of retail sales worldwide by the end of 2023.
Regional – Segment Analysis
Based on region, North America is anticipated to grow at a remarkable CAGR during the forecast period. The increasing sales of smartphone, availability of high bandwidth facilities, growing demand for OTT Platforms and high disposable incomes, are some of the important factors influencing the market growth in North American region.
Global Content Delivery Network Market by Solution
- Media Delivery
- Cloud Security
- Web Performance
Global Content Delivery Network Market by End-User
- Media and Entertainment
- Business and Financial Services
- Research and Education
Global Content Delivery Network Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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