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Content Delivery Network (CDN) Security Market Is At A CAGR of 9.6% During 2022-2032 | Akamai Technologies, Imperva, Verizon Partner Solutions

11-14-2023 11:55 AM CET | IT, New Media & Software

Press release from: Global Insight Services

The content delivery network (CDN) security market was valued at USD 19.2 billion in 2022 and it is anticipated to grow up to USD 49.1 billion by 2032, at a CAGR of 9.6% during the forecast period.

By localized caching, CDNs have been utilized to enhance online performance over the past 20 years. Now, CDN providers are being forced to broaden their performance-enhancing techniques to address the challenges of dynamic content, mobile, and video, as well as serving as the first line of defence against security threats, as a result of the growth in mobile engagement and the demands for the delivery of enhanced digital experiences.

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For e-commerce websites, government organizations, and other sectors to guard against new security flaws, DNS protection is in great demand. Early adoption of cutting-edge technologies and the expanding dominance of well-known social media and OTT platforms have significantly increased demand for CDN security during the course of the projection period.

Market Trends and Drivers

The expansion of the worldwide content delivery network (CDN) security market will be fueled by the proliferation of mobile apps. The number of mobile apps has expanded dramatically and is likely to climb more throughout the projection period. Two-thirds of all smartphone users worldwide use apps for social networking in addition to watching news, listening to music, or accessing entertainment or sports content. A CDN is used by these mobile applications to provide data. Depending on the kinds of mobile applications that users download, vendors target specific segments of their audience.

The growth of mobile apps has fueled OTT providers' desire for CDN security solutions. Because of the prevalence of mobile applications, brands and agencies no longer place a high priority on online content. With the global adoption of smartphones, the consumption of digital material via smartphones is rising quickly. These elements will accelerate market expansion throughout the anticipated term.

Market Restraints and Challenges

Major obstacles to the expansion of the worldwide CDN security industry include system integration and interoperability concerns. The BFSI, communications, transportation, media and entertainment, and public sector organizations are just a few of the industries that are increasingly adopting cutting-edge technology. System integration and interoperability problems result from the use of cutting-edge technology. Many businesses have integration problems while putting CDN security solutions in place. Vendors of CDN security solutions have to offer integrated IT solutions that may be easily included into an organization's current IT infrastructure.

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Technological errors that occur during operations can cost businesses a lot of money and decrease their operational effectiveness. Some of the main problems encountered by CDN security providers include technical challenges, server faults, and other malfunctions brought on by hackers. Vendors must thus carry out several experiments in order to achieve high accuracy before releasing CDN security solutions on the market. Throughout the anticipated period, this aspect is anticipated to impede market expansion.

Major Players in the Content Delivery Network (CDN) Security Market

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the content delivery network (CDN) security market include Packet Clearing House (US), Akamai Technologies, Inc. (US), Amazon Web Services, Inc. (US), CDNetworks Inc. (US), Cloudflare, Inc. (US), IABM (UK), IBM Corporation (US), Imperva, Inc. (US), Tata Communications (India) and Verizon Partner Solutions (US), among others.

COVID-19 Impact

The COVID-19 pandemic's effects on the market for content delivery network (CDN) security globally. The rapid spread of SARS-CoV-2 compelled governments worldwide to enact stringent regulations governing the mobility of people and vehicles. Governments responded by enacting travel restrictions, widespread lockdowns, and corporate closures that had an impact on national economies and industries, particularly in 2020. The enforcement of the lockdown also led to a decrease in the output of products, services, and commodities. On the other hand, the COVID-19 epidemic helped the content delivery network (CDN) security industry expand in 2020 as businesses for the first time ever required millions of workers to work remotely. Employees' use of less secure home and public Wi-Fi networks to access business systems caused a sharp surge in DNS searches, which in turn sparked an increase in DNS-targeting cyberattacks and increased demand for content delivery network (CDN) security.

Content Delivery Network (CDN) Security Market Segmentation

By Type

DNS Protection
DDoS Protection
Web Application Firewall
Bot Mitigation & Screen Scraping Protection
Data Security

By Organization Size

SMEs
Large Enterprises

By End-use Industry

Media & Entertainment
Retail
BFSI
IT and Telecom
Healthcare
Others

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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