Content delivery Network Market By Growth, Demand by Component (Solution and Service), Content (Static and Dynamic), Provider (Traditional CDN, Telecommunication CDN, Peer to Peer CDN, and Cloud CDN),Global Opportunity Analysis and Industry Forecast, 2021

The content delivery network market size was valued at $11,629 million in 2019, and is projected to reach $38,689 Million by 2027, growing at a CAGR of 15.3% from 2020 to 2027. A content delivery network is a platform that is highly distributed by server, which helps minimize delays and loss time in web page and content loading by minimizing physical distance between the user and server. This will help users to view and show high-quality content and web page without delay in loading. Without content delivery network, the server must respond to each and every single user request ticket. This will create significant traffic at the origin and increase chances of server failure; however, content delivery network carries significant protection for internet traffic.

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On the basis of provider type, the traditional CDN segment dominated the overall CDN market share in 2019, and is expected to continue this trend during the forecast period. As to host this websites traditionally is becoming difficult because of single point of presence of server so content delivery network helps it to build faster, secure and cost effective network for better customer experience which will create lucrative opportunities in the global content delivery market. However, the peer-to-peer CDN segment is expected to witness highest growth due to the factors such as growing use of multi CDN infrastructure such as client-side CDN switchers. A peer-to peer CDN uses end-device information to determine the best ratio of content consumption from a content delivery network edge servers and other end-devices providing the same content. This will provide numerous opportunities for the market to grow.

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Depending on component, the solution segment dominated the content delivery network market share in 2019, and is expected to continue this trend during the forecast period as the solution allows organizations to focus on their major activities such as providing new features in the application, which notably contributes toward the growth of the global CDN market. However, the service segment will show highest growth rate in the upcoming years due to increasing demand of various services such as professional services, managed services. Furthermore the use of content delivery network is increases in various industry verticals such as BFSI, IT and Telecom and others which will increase the demand for service globally which will opportunistic for the global CDN industry. For instance, in May 2020 Akamai technologies global provider of content delivery network service partnered with Conviva which is leader in the global streaming of media and video to provide better API service to improve Conviva users experience.
Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to strong economic growth along with the ongoing development in the IT and telecom sector, which drives organizations to invest heavily in content delivery network to sustain growth and improve productivity. In addition, factors such as major shift toward digital transformation, rise in cloud deployment and technological advancement among small & medium businesses, and ongoing modernization of telecommunication networks such as 5G networks, low latency private LTE drive heavy investment in content delivery network in emerging economies. Furthermore, enterprises in Asia-Pacific are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the CDN market growth during the forecast period.

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