Key Players and Strategies in the Content Delivery Network (CDN) Market 2027

According to a recent report published by Allied Market Research, 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.

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. The surge in the adoption of new cutting-edge technologies in various organizations and rise in need to create new milestones in the communication sector drive the growth of the market.

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In addition, an increase in demand for low-latency content delivery among small & medium enterprises fuels the growth of the market. Furthermore, the increase in need of interactive, efficient and cost-effective content delivery network services along with emerging technology such as augmented reality and virtual reality are expected to provide remunerative opportunities for the expansion of the market during the forecast period.

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 networks 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 growth of the market during the forecast period.

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Depending on the 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 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, and managed services.

Furthermore, the use of content delivery networks is increasing in various industry verticals such as BFSI, IT and Telecom and others which will increase the demand for service globally which will be opportunistic for the global CDN market. 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.

Based on 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 website traditionally is becoming difficult because of the single point of presence of server so a content delivery network helps it to build faster, more secure and more cost-effective network for better customer experience which will create lucrative opportunities in the global content delivery market.

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However, the peer-to-peer CDN segment is expected to witness the highest growth due to factors such as the 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 CDN market to grow.

This report gives an in-depth profile of some key market players in the content delivery network market are Akamai Technologies, Microsoft Corporation, IBM Corporation, Limelight Networks, Amazon Web Services, Inc., Google LLC, Lumen Technologies, Cloudflare, Inc, Citrix Systems, and Rackspace Technology. This study includes content delivery network market trends, content delivery network market analysis, and future estimations to determine the imminent investment pockets.

Key Benefits For Stakeholders:

• The study provides an in-depth analysis of the content delivery network market along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about key drivers, restraints, and opportunities and their impact analysis on the CDN market size is provided.

• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the content delivery network market.

• The quantitative analysis of the content delivery network market from 2019 to 2027 is provided to determine the content delivery network market potential.

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