Content Delivery Network (CDN) Market to Grow Significantly and Reach a Valuation of USD 52.39 Billion by 2030, Driven by Rapid Investments and Ongoing Deployment of High-Speed Networks, States Extrapolate
The Global Content Delivery Network (CDN) Market is set to depict a CAGR of 15.9% between 2023 and 2030 with North America dominating the market. Key factors attributing to the surging product demand include rising investments from gaming companies, technological advancements, and shifting consumer demands.
Dubai, UAE, Sept. 04, 2023 (GLOBE NEWSWIRE) — As per the recent report published by Extrapolate, the Global Content Delivery Network (CDN) Market size is estimated to reach USD 52.39 billion by 2030 from USD 18.56 billion in 2021, exhibiting a CAGR of 15.9% between 2023 and 2030. Increasing investments by gaming companies in CDN to provide high-quality content and enhanced user experience are anticipated to propel market growth. Furthermore, ongoing deployment of high-speed networks and the growing amounts of data transferred online are fostering market demand.
A content delivery network (CDN) is an online network of connected computers that distributes web content swiftly to a large number of users by copying or caching the data on several servers and sending it to distant users. The steady rise of internet traffic, the increasing popularity of online gaming, social media, video streaming, and other digital content, have created a significant demand for efficient content delivery network solutions.
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Prominent companies in the sector are implementing a range of strategies to broaden their geographical presence and fortify their position within the international market. These strategies encompass different endeavors, such as dedicating resources to research and development (R&D) activities, mergers & acquisitions, introducing novel products to the market, strategic alliances and partnerships, and enhancing existing solutions through upgrades.
For instance, in September 2022, Lumen Technologies established a new underwater fiber cable between the United States and France, expanding the capacity and scope of the network.
Lumen invested in a fiber pair on Google’s Grace Hopper cable, which connected New York and Bude, Cornwall. Both locations made use of these infrastructure and landing station services provided by Lumen.
Major manufacturers involved in the market include:
- Amazon Web Services Inc.
- Akamai Technologies
- Google LLC
- IBM Corporation
- Cloudflare, Inc.
- Verizon Partner Solutions
- Fastly Inc
- F5, Inc.
- NTT Communications Corporation
- Lumen Technologies
- CDNetworks Inc.
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Growing Demand for CDN Services to Augment Market Proliferation
The dynamic segment dominated the market with the largest revenue share in 2021. The segment is likely to depict rapid growth attributable to the growing demand for CDN services to support real-time Voice Over IP (VoIP), video streaming, and online gaming sectors. Dynamic content includes ever-changing data for customized web services and utilizes web performance optimization to speed up delivering web pages or content to various end-user devices. These services employ an intelligent routing strategy to lower page latency. Operators fulfill customers’ requirements for a unified service provider by employing network and delivery optimization for the provision of all these services.
- Media & Entertainment
- Retail & E-commerce
- IT & Telecommunications
Media and Entertainment Sector Gains Traction with Swift Transition to Digital Distribution Paradigm
Media and entertainment segment holds the lion’s share due to the increasing shift to the digital distribution paradigm and its rapid expansion. The increasing demand for online streaming and Video on Demand (VOD) services has boosted the need for optimizing data and network delivery. CDN providers are increasingly emphasizing the delivery of high-quality visual features with enhanced visibility and uninterrupted experiences to meet customer demand, further bolstering segmental growth.
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Accelerated Development of E-commerce Sector to Drive Market Growth
The e-commerce industry is growing as a result of the rising shift in customer behavior toward online shopping. Efficient deployment of CDN solutions in e-commerce ensures optimal company performance and provides customers with the required information for well-informed purchasing decisions.
Consumers are transitioning from conventional television to video content delivered through cellular networks, as Content Delivery Network (CDN) solutions improve content delivery. Industry-specific CDN solutions are being developed and promoted by market players in response to the adoption of digital solutions based on IoT networks and artificial intelligence in numerous industries.
High Internet Penetration in North America to Support Market Expansion
North America is expected to continue leading the global content delivery network market owing to high internet penetration and the rising popularity of 4K resolution displays. These offer an effective CDN architecture for data delivery, which is propelling regional business expansion.
Additionally, the rapid uptake of cloud-based services, the establishment of high-speed data networks, and the surging demand for smartphones are likely to positively impact the industry. An increase in leisure spending is also significantly shaping the deployment of Content Delivery Network (CDN) solutions in the region.
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Table of Content
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Content
2.3.1. Secondary Content
22.214.171.124. Preliminary data others
2.3.2. Primary Content
126.96.36.199. Statistical Model
188.8.131.52. Data Triangulation
184.108.40.206. Research Objective
Chapter 3. Market Outlook
3.2. Key trends
3.2.1. Increasing Adoption of OTT and VOD Services Augmenting the Market Growth
3.3. Market drivers
3.3.1. Increasing Demand for E-commerce Industry Propeling the Market Growth
3.4. Market restraints
3.4.1. Concerns Pertaining to Complex Architecture Hindering Market Growth
3.5. Market opportunities
3.5.1. Technological Advancements in CDN Services Pose an Opportunity for the Market Growth
3.6. Market Challenges
3.6.1. Concerns Pertaining to Data Security Could be a Challenge for Market Growth
3.7. Porter’s Five Forces Analysis
3.7.1. Bargaining Vertical of Suppliers
3.7.2. Bargaining Vertical of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact on Content Delivery Network (CDN) Market
Chapter 5. Global Content Delivery Network (CDN) Market Overview, By Component, 2018 – 2030 (USD Million)
Chapter 6. Global Content Delivery Network (CDN) Market Overview, By Content, 2018 – 2030 (USD Million)
Chapter 7. Global Content Delivery Network (CDN) Market Overview, By Vertical, 2018 – 2030 (USD Million)
Chapter 8. Global Content Delivery Network (CDN) Market Overview, By Geography, 2018 – 2030 (USD Million)
Chapter 14. Competitive Landscape
14.1. Competitive environment, 2022
14.2. Strategic framework
14.2.3. Mergers & Acquisitions
14.2.4. Recent development
Chapter 15. Key Vendor Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
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