Content Delivery Networks Market Worth $34.5 Billion by 2027

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CHICAGO, March 29, 2022 /PRNewswire/ — According to a research reportContent Delivery Network Market by Component (Solutions (Web Performance Optimization, Media Streaming, Cloud Security) and Services), Content Type (Static and Dynamic), Vendor Type, Application Domain and Region – Global Forecast to 2027“, released by MarketsandMarkets™, the global content delivery network market size to grow from $19.2 billion in 2022 at $34.5 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% ​​over the forecast period.

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The presence of various key players in the ecosystem has led to a competitive and diverse market. The content delivery network is an interconnected system of computers on the Internet that rapidly delivers web content to many users by mirroring or caching the content on multiple servers and directing the content to remote users. The CDN is used to deliver content to end users with high availability and high performance. CDNs are used by much Internet content today, including web objects (text, graphics, and scripts), downloadable objects (media files, software, documents), applications (e-commerce, portals), real-time broadcast data, on-demand streaming media and social networks. When an end user requests a specific web page, video, or file, the server closest to that user is dynamically determined and is used to deliver the content to that user, thereby increasing delivery speed. Content can be replicated across hundreds or thousands of servers to deliver identical content to as many users as possible, even during peak usage.

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The solutions to register a higher growth rate during the forecast period

In the content delivery network by component market, solutions are expected to register a higher growth rate during the forecast period. Solution segment of the CDN market is segmented into web performance optimization, media delivery and cloud security. Nowadays, the maximum volume of data or content accessible on the internet is consumed via the CDN. Users don’t have the patience to wait for content to buffer, and this challenge has made content delivery even more crucial for organizations. Increasing digitalization across the world is expected to drive the adoption of CDN solutions. Digitization trends, such as BYOD, CYOD, mobility, and social media marketing, have made it easier for organizations to operate and increased traffic on existing networks. Moreover, the availability of low-cost bandwidth has made the Internet accessible to everyone, drastically changing the trend of data consumption. Additionally, social media and mobile apps have dramatically increased overall data consumption. Organizations use social media to post their videos and non-video content and post advertisements and banners on third-party sites. Organizations use a suitable CDN solution to deliver their content to target customers with better QoE.

Dynamic content is expected to hold a larger market size during the forecast period

By content type, dynamic content is expected to hold the largest market size over the forecast period. Dynamic content can also be referred to as media streaming. This content changes in real time and can be live, such as live sports, news broadcast, concerts and on-demand, with the encoded data being stored in a streaming media server and made available upon customer request. . Different types of content can be requested in on-demand content, such as audio, video, and music clips. Dynamic content primarily refers to web content that changes based on user behavior, preferences, and interests.

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P2P CDN is expected to experience higher growth rate during the forecast period

By provider type, P2P CDN is expected to have a higher growth rate. The P2P CDN solution includes a large number of ad hoc connections that link digital content delivery nodes. Unlike the traditional CDN segment, the P2P CDN segment consumes more bandwidth and develops diverse connectivity between servers in a network. The CDN P2P solution is deployed at the end of the delivery chain, on the client side. The P2P CDN also uses the bandwidth of the peer, which reduces the network cost for content providers. If the content is not available on the peer’s computer, the cache server is expected to serve the content.

Healthcare is expected to witness a higher growth rate during the forecast period

By application area, healthcare is expected to have a higher growth rate. Healthcare service application domain is one of the lucrative CDN domain application domains. This segment faces various technological challenges, such as an increasing number of regulations and cybersecurity and changing customer demands for medical services. The healthcare segment works on time-critical and time-critical operating modalities that require real-time data and instructions, which mobile and system connectivity has made possible. CDN is one such solution that has benefited this segment at scale due to the high adoption of the telemedicine trend. Healthcare companies collaborate across multiple sites for drug and drug development and diagnostics. Doctors use portals to connect with their patients to track their prescriptions. Health records are also hosted online, and even clinics use web applications to capture data from research organizations.

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North America hold the largest market size over the forecast period

North America is expected to hold the largest market size in the global content delivery network market over the forecast period. North America primarily includes the United States and Canada and is expected to hold the highest share in the global CDN market. These countries have sustainable and well-established economies, which allows them to invest in R&D activities, thus contributing strongly to the development of new technologies. Due to the early adoption of trending technologies such as AI and ML, IoT, and edge computing, CDN providers want to integrate them into their business processes.

Key and emerging content delivery network market players include Akamai Technologies (US), Microsoft (US), IBM (US), Limelight networks (US), Google (US) , AWS (US)AT&T (US), Cloudflare (US), Lumen Technologies (US), Deutsche Telekom (Germany), Fastly (US), Citrix Systems (US), NTT Communications (Japan), Comcast Technologies (US), Rackspace Technology (US), CDNetworks (South Korea), Tata Communications (India), Imperva (USA), Broadpeak (France), Quantil (USA), StackPath (USA), G–Core Labs SA (Luxemburg), Tencent Cloud (China), OnApp Limited (UK), Edgecast (US), Kingsoft Cloud (China), Bunny.net (Slovenia) and Baishan cloud (WE). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market share in the global content delivery network market.

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Network Slicing Market by Component (Solution and Services (Professional and Managed)), End User (Telecom Carriers and Enterprises), Application (Manufacturing, Government, Automotive, Media and Entertainment) and Region – Global Forecast to 2025

Commercial P2P CDN Market by Content Type (Video and Non-Video), Solution (Web Performance Optimization, Media Delivery, and Cloud Security), Service, End-User Segment (Consumer and Enterprise), Vertical, and Region – Global Forecast to 2023

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