At a stellar CAGR of 20% between 2022 and 2030, the global content delivery network (CDN) market, which is currently valued at US$ 19.6 billion, is predicted to grow to US$ 84.1 billion by the year 2030.
The media and entertainment sector will always need content delivery networks. Website content solutions and online streaming are gaining momentum. It’s intriguing to see that in 2021, the market for network services as a whole was provided by content delivery networks to the tune of 27.5%.
Users can access online data more quickly thanks to content delivery networks. Furthermore, the market is populated with a large number of e-Commerce vendors, which will drive the growth of the content delivery network (CDN) market during the forecast period.
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Additionally, cloud computing is the focus of the services and products, which assist the major market players in transferring and retrieving their data efficiently.
Additionally, it is anticipated that the ongoing trend of consumers showing a preference for online audio and video content consumption will keep the content delivery network (CDN) market booming.
When it comes to entertainment, millennials choose OTT platforms and VOD (video-on-demand). Additionally, there is a constant need for content updates in the e-Learning sector. The availability of content delivery networks (CDNs) as software-as-a-service is projected to increase demand for CDNs. In the years to come, these elements will keep the hopes high for the content delivery network (CDN) business.
In terms of the content delivery network (CDN) market, NFV (Network Function Virtualization) and SDN (Software-defined Networking), which promise to give an improved performance without the need for complicated infrastructure, are anticipated to maintain their momentum.
Another industry that is now growing in popularity is online gaming. They are making significant investments in content delivery networks to provide a better user experience. Thus, CDN facilitates finding required patches and files, improving the pre-gaming process. Additionally, this might stop server crashes.
Companies have reported that they struggle to operate smoothly, especially in remote places, due to network allocation and bandwidth issues. Debt repayment is the main impediment in these places. This obstacle might disappear if CDN is in place.
A hybrid content delivery network is in the offing; through which one could access content from anywhere, any device, that too, with an exceptional content loading speed. It should be noted that disbursed nodes with a hybrid strategy do well irrespective of placement of the internet server. Several organizations are into deployment of content delivery networks of their own, thereby doing away with third-party CDN services.
At the same time, the fact that peer-to-peer CDN’s instability could hamper the CDN market can’t be ignored. A full-fledged decentralized protocol is needed, which helps in monitoring and preventing algorithms from errors. It’s actually tough to have such a protocol. Besides, misuse of data/information could expose the content to cyber-attacks and viral attacks. Future Market Insights has, through its market study entitled “Content Delivery Network (CDN) Market”, entailed these facts with insights.
Key Takeaways from Content Delivery Network (CDN) Market
- North America holds more than 30% of the market share due to the ever-increasing popularity of 4K videos in the US.
- The Asia-Pacific is expected to grow at a rapid pace in the content delivery network (CDN) market with China being the torchbearer.
- With various organizations preferring to share live or recorded videos through their web pages for widening their reach, the scope for the content delivery network (CDN) market is expected to increase manifold in the forecast period.
Competitive Snapshot
- CloudFlare Inc., of late, announced a partnership with Internet Archive with the objective of enhancing the RI (reliability index) of website operations of the publishers, which would consist of even the users not availing CloudFlare services.
- Limelight Networks, Inc., in December 2021, did announce that GraphQL functionality was available for Layer0 via the Limelight web application CDN. This functionality has broadened Limelight’s presence in web application content delivery network market, for web builders, in particular.
What Does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the content delivery network (CDN) market in its latest study, presenting a historical demand assessment of 2016 – 2021 and projections for 2022 – 2030.
- The research study is based on service (designing, testing, and deployment, software-as-a-service (bundled suites, individual modules (digital rights management, CDN delivery, CDN analytics & monitoring, transparent caching, and likewise), managed services, and consulting services), by application (media distribution/delivery, software distribution/delivery, website caching, and likewise), by vertical (media & entertainment, e-Commerce, IT & telecom, healthcare, government, advertisement, and likewise), and by the service provider (telecom CDNs, conventional CDNs, and others).
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Content Delivery Network Industry Survey By Category
Content Delivery Network Market by Service:
- Designing, Testing, and Deployment
- Software-as-a-Service
- Bundled Suites
- Individual Modules
- Digital Rights Management
- CDN Delivery
- CDN Analytics & Monitoring
- Transparent Caching
- Others
- Managed Services
- Consulting Services
Content Delivery Network Market by Application:
- Media Distribution/Delivery
- Software Distribution/Delivery
- Website Caching
- Others
Content Delivery Network Market by Vertical:
- Media & Entertainment
- e-Commerce
- IT & Telecom
- Healthcare
- Government
- Advertisement
- Others
Content Delivery Network Market by Service Provider:
- Telecom CDNs
- Conventional CDNs
- Others
Content Delivery Network Market by Region:
- North America Content Delivery Network Market
- Latin America Content Delivery Network Market
- Europe Content Delivery Network Market
- East Asia Content Delivery Network Market
- South Asia & Pacific Content Delivery Network Market
- Middle East & Africa (MEA) Content Delivery Network Market
Table of Content
Executive Summary
- Market Outlook
- Demand Side Trends
- Supply Side Trends
- Technology Roadmap
- Analysis and Recommendations
Market Overview
Market Coverage / Taxonomy
Market Definition / Scope / Limitations
Key Market Trends
Key Trends Impacting the Market
Innovation / Development Trends
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 8 years.
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