The global Content Delivery Network (CDN) market is expected to grow at a CAGR of roughly 12.5% between 2020 and 2028, from a market value of 11 (USD billion) in 2019 to an anticipated market value of 33 (USD billion) in 2028. (Billions of dollars).
The global market for content delivery networks is expected to have the largest market share over the forecast time range. As busy consumers desire more on-demand healthcare services, the healthcare industry is entering a new era of digital innovation. The region’s CDN industry is expanding as a result of more individuals using OTT media platforms, an increase in internet and smartphone users, and a need for premium video content.
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CDN is used in a variety of areas, including government, healthcare, media, entertainment, gaming, and education. The market may have seen a significant expansion as a result of the pressing need to improve the accessibility of websites and their media and video offerings. The industry’s scope is expected to expand in the coming years due to rising demand for low-latency online gaming. The CDN sector is expected to grow in the coming years as new technologies such as AI, cloud computing, big data, and blockchain become more widely available.
As a result of the outbreak, many businesses throughout the world are declining to renew their on-premise CDN service licenses. Content delivery network technologies are widely utilized in the media and entertainment industries to improve the distribution of audio and video content. The demand for high-quality, original content, as well as the ever-changing nature of content consumption, have fueled the development of efficient CDN systems that can improve network speed and content delivery. The increased popularity of OTT and VOD services will enable continuous content transmission via a high-speed data network, driving market expansion during the forecast period.
Furthermore, technological advancements, as well as the implementation of smart cities and 4G network rollouts, are offering promising opportunities. To stay ahead of the competition, huge access providers and platform businesses are exploring horizontal and vertical integration activities. As a result, organizations traditionally renowned for providing technical solutions are expanding into the content sector. The growing population, combined with the introduction of new network technologies, is boosting content consumption and necessitating effective content delivery systems. The digitization of the media and entertainment industries is driving market growth in particular.
However, the expensive cost of technology, insufficient connectivity and the need for high quality of service, as well as concerns about data security and information privacy, are projected to limit market expansion.
Key participants strongly influencing the market growth are Telekom, CenturyLink, Akamai Technologies, Level 3 Communications, NTT Communications, StackPath, Google, PeerApp, Limelight Networks, Deutsche ChinaCache International, Ericsson, CDNetworks, Cloudflare, Internap Corporation, AT&T, G-Core Labs, Verizon Digital Media, Microsoft, Quantil, IBM, Oracle, and Highwinds Network.
The report segments the global content delivery network (CDN) market as follows:
Content Delivery Network (CDN) Market: Product Analysis
Content Delivery Network (CDN) Market: Content Analysis
Content Delivery Network (CDN) Market: Component Analysis
Web Performance Optimization
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