Content Delivery Network Market Trends: Predicted to Grow at a CAGR of 15.3% by 2027, Report

According to the report, the global content delivery network industry generated $11.62 billion in 2019, and is expected to reach $38.68 billion by 2027, witnessing a CAGR of 15.3% from 2020 to 2027.

The growing adoption of cutting-edge technologies across organizations and the rising demand for innovation in the communication sector are driving market growth. Additionally, the increasing need for low-latency content delivery among SMEs further fuels market expansion. The rising demand for interactive, efficient, and cost-effective content delivery network (CDN) services, along with emerging technologies such as augmented reality (AR) and virtual reality (VR), is expected to create lucrative opportunities for market growth during the forecast period.

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By component, the solution segment held the largest share of the CDN market in 2019 and is expected to maintain its dominance, as it enables organizations to focus on core activities like integrating new application features, which significantly contributes to global market growth. However, the service segment is projected to witness the highest growth in the coming years due to increasing demand for professional and managed services. Furthermore, CDN adoption is rising across industries such as BFSI, IT & Telecom, and others, creating global opportunities in the CDN service sector. For instance, in May 2020, Akamai Technologies, a global CDN provider, partnered with Conviva, a leader in media and video streaming, to enhance API services and improve user experience.

By provider type, the traditional CDN segment dominated the market share in 2019 and is expected to maintain this trend as hosting websites through traditional methods becomes challenging due to single-point server presence. CDN solutions help build faster, more secure, and cost-effective networks for enhanced customer experience, driving new opportunities in the CDN market. However, the peer-to-peer CDN segment is expected to register the highest growth due to increasing use of multi-CDN infrastructure, such as client-side CDN switchers. Peer-to-peer CDNs leverage end-device data to optimize content consumption between CDN edge servers and other end-devices, offering significant growth opportunities for the market.

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Based on industry vertical, the media and entertainment segment contributed to the highest market share in 2019, accounting for around one-fourth of the global content delivery network market, and is projected to maintain its leadership status during the forecast period. This is due to usage of online video streaming and online gaming. However, the healthcare segment is expected to manifest the highest CAGR of 18.8% from 2020 to 2027. This is due to real-time information of patients offered during various situations on the regular basis.

Following the COVID-19 pandemic, the global CDN market is projected to grow from $14,242 million in 2020 to $38,689 million by 2027, at a CAGR of 15.3%. The pandemic has positively impacted CDN market growth as these technologies support enterprises in managing surging internet traffic demands. Global internet traffic has seen a 30-45% increase year-over-year, necessitating greater CDN capacity and performance. Consequently, service providers, including mobile network operators and over-the-top (OTT) service providers, are investing significantly in CDN solutions.

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The pandemic has also accelerated the adoption of CDN solutions as organizations seek to maintain business continuity during remote work mandates. As a result, CDN technologies are gaining widespread attention in both industry and academia for their role in reducing data searching costs and generating new revenue streams. Organizations that had already implemented CDN solutions were better equipped to adapt to evolving business needs during the pandemic, highlighting the critical role of CDN in ensuring operational stability and efficiency.

Based on region, North America held the largest market share in 2019, accounting for around two-fifths of the global content delivery network market, and is expected to maintain dominance in terms of revenue by 2027. This is due to high adoption of online services and media, rise in usage of artificial intelligence (AI) & other smart connected devices in the region. However, Asia-Pacific is projected to maintain the highest CAGR of 18.7% during the forecast period, due to ongoing development in the IT and telecom sector that drives organizations to invest heavily in the content delivery network to improve productivity and sustain growth. In addition, a major shift toward digital transformation, rise in cloud deployment, and technological advancement among small & medium businesses supplement the growth.

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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.

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