Content Delivery Network Market to Reach Valuation of USD 36.7 Million by 2028 - Increasing Demand for Content Delivery Network in Retail and Healthcare Sector to Drive the Market Growth

Vantage Market Research

Apr 06, 2022

From the period 2022 to 2028, the Global Content Delivery Network Market is expected to reach USD 36.7 Million in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 11.80%.

The overall Content Delivery Network Market demand is boosted by the rising demand for rich video content among increasing internet users and the trend of digitalization in companies across end-user verticals. Content Delivery Network solutions are effectively deployed in e-commerce industries to ensure that the industries operate efficiently at full capacity and that customers have access to all the necessary data to make an informed buying choice.

Key Highlights from the Report

  • Based on application, Content Delivery Network solutions are extensively used in the media and entertainment industry to boost audio and video content delivery. The constant evolution of content consumption, as well as the need for high-quality and unique material, has necessitated the development of effective Content Delivery Network solutions that may increase network speed and content delivery. The rising demand for Through-the-Top (OTT) and Video-On-Demand (VOD) services will assure continuous content delivery over a high-speed data network, boosting the growth of the market over the forecast period.

  • Based on the solution, the cloud security segment is anticipated to witness significant growth over the forecast period due to the rising concerns over data security and privacy protection. Because many businesses depend on telecommunications, cloud storage, and associated infrastructure to run their businesses, safeguarding the systems and assets stored in the cloud is becoming extremely relevant. priority in the modern world. There is a growing emphasis on cloud security to safeguard infrastructure from hackers and secure data stored in the cloud. Over the projected period, all of these factors are expected to contribute to the expansion of the cloud security segment.

  • Asia Pacific is the fastest regional segment. The Asia-Pacific region is predicted to expand the fastest throughout the projection period, owing to strong economic growth and continued expansion in the IT and telecom sectors drives organizations to invest heavily in Content Delivery Network to sustain growth and improve productivity. Furthermore, factors such as the major shift toward digital transformation, the surge in cloud deployment and technical improvement among businesses, and continuous communications network modernization are all contributing to this trend networks such as 5G networks, low latency private LTE drive heavy investment in the Content Delivery Network in emerging economies. Additionally, businesses in Asia-Pacific are focused on improving their operations and overall efficiency in order to remain competitive in the market, which is predicted to generate profitable prospects for investors responsible for market growth during the forecast period.

Some of the key players in the Content Delivery Network Market include - Akamai Technologies (US), Microsoft (US), IBM (US), Limelight networks (US), Google (US), AWS (US), AT&T (US), Cloudflare (US), Lumen Technologies (US), Deutsche Telekom (Germany), Fastly (US), Citrix systems (US), NTT Communications (Japan), Comcast Technologies (US), Rackspace Technology (US), CDNetworks (South Korea), Tata Communications (India), Imperva (US), Broadpeak (France), Quantil (US), StackPath (US), G‑Core Labs SA (Luxembourg), Tencent Cloud (China), OnApp Limited (UK), Edgecast (US), Kingsoft Cloud (China), (Slovenia) Baishan Cloud (US).

Market Dynamics:

The Content Delivery Network Market is experiencing growth due to the increasing demand for Content Delivery in various sectors.

Increasing demand for enhanced video content and latency-free online gaming experience-

As new technologies, such as 4K and Ultra HD, are developed, the online gaming trend is growing tremendously. These new technologies improve the gaming experience but can damage the pre-gaming experience, as they will make the gamers wait for hours to complete the download. Content caching and a worldwide network of servers are used by Content Delivery Network to overcome this problem. The capacity to swiftly send essential files and fixes to gamers is provided by a Content Delivery Network for gaming firms. Furthermore, Content Delivery Network provides scalability, allowing the user to continue playing even if the game's file size expands due to high-quality graphics and other features.

The growing interest of consumers in OTT platforms and VOD for entertainment-

Due to continued developments in digital infrastructure and attempts by OTT platforms to produce interesting content for customers at cheap costs while giving considerable value, OTT video consumption is fast developing. In addition, the demand for VoD services is growing.

Content Delivery Network Market Size, Share & Trends Analysis Report by Component (Solutions, Services), by Solution (Web Performance Optimization, Media Delivery, Cloud Security), by services (Designing and consulting services, Storage Services, Analytics and Performance Monitoring, Website and API management), by Content Type (Static Content, Dynamic Content), by Provider Type (Traditional CDN, Telco CDN, Cloud CDN, P2P CDN), by Application Areas (Media and Entertainment, Video Streaming, OTT Platform, Online Gaming), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)