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Content Delivery Network Market market is expected to grow at a CAGR of 15.1% during the forecasted period | Evolve Business Intelligence
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The increasing amount of content on the internet, including large files like high-resolution videos and images, contributes to the growth of global internet traffic. CDNs help optimize the delivery of this content, ensuring a smoother user experience. With users expecting faster website loading times, businesses and content providers turn to CDNs to optimize content delivery. Improved website performance can lead to higher user satisfaction and engagement. The widespread use of mobile devices has led to a surge in mobile internet traffic. CDNs play a crucial role in optimizing content delivery for mobile users, considering factors like network constraints and device capabilities.
Key Players
Some of the major Content Delivery Network Market players holding high market shares include Akamai Technologies and Microsoft Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include IBM Corporation, Limelight Networks, Amazon Web Services, AWS, Google, AT&T, Cloudflare, Verizon Media
Report Description: https://evolvebi.com/report/content-delivery-network-market-analysis-and-forecast-2020-2028-with-covid-impact-analysis/
Segmental Analysis
Based on components, the Content Delivery Network market is segmented into Services and Solutions. The services segment held the largest market share primarily due to the increasing demand for CDN services to optimize website performance, deliver content efficiently, and enhance user experience.
Based on type, the Content Delivery Network market is Cloud CDN, Traditional CDN, Telco CDN, and P2P CDN. Cloud CDN is the fastest-growing segment, driven by the increasing adoption of cloud-based infrastructure and the benefits of scalability, flexibility, and cost-effectiveness.
Based on application, the Content Delivery Network market is a Media and Entertainment, Online Gaming, Retail and E-commerce, E-Learning, Enterprises, and Healthcare. The media and entertainment industry holds the largest market share, consuming a significant portion of CDN bandwidth due to the high demand for streaming video and audio content.
Based on services, the Content Delivery Network market is Support and Maintenance, Network Optimization Services, Website and API Management, Analytics and Performance Monitoring, Storage Services, and Others. Website and API management services are expected to maintain their dominance due to their crucial role in optimizing website performance, ensuring API availability, and enhancing security.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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