Chicago, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The Content Delivery Network Market is projected to grow from USD 21.7 billion in 2023 to USD 36.5 billion by 2028, at a CAGR of 10.9% during the forecast period, according to a new report by MarketsandMarkets™.
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Content Delivery Network Market Dynamics:
- Rising need for live and uninterrupted content delivery over high-speed data network
- Increasing demand for enhanced QoE and QoS
- Proliferation of video and rich media over websites
- Increasing demand for enhanced video content and latency-free online gaming experience
Restraints:
- Complex architecture and concern about QoS
- Network connectivity and technical difficulties in live video streaming
Opportunities:
- Rising demand for cloud-enabled services
- Increasing demand for integrated and next-generation security solutions and services
- Growing interest of consumers in OTT platforms and VOD for entertainment
List of Key Players in Content Delivery Network Market:
- Akamai Technologies (US),
- Microsoft (US),
- IBM (US),
- Edgio (US),
- Google (US),
- AWS (US),
- AT&T (US),
- Cloudflare (US),
- Lumen Technologies (US),
- Deutsche Telekom (Germany)
The exponential growth of internet usage, driven by video streaming, online gaming, and social media, fuels the demand for efficient content delivery solutions.
Content delivery refers to distributing digital content, such as web pages, images, videos, and other media, from its source to end-users or clients over the internet. It involves delivering the content quickly and efficiently to ensure a seamless user experience. Content delivery encompasses various components, including network infrastructure, caching mechanisms, server optimization, and intelligent routing algorithms, all aimed at improving the speed, reliability, and performance of content delivery to end-users across different devices and locations.
Based on content type, the dynamic content segment holds the largest market size during the forecast period.
Dynamic content refers to real-time changing content that can be live, such as sports events, news broadcasts, or on-demand, where data is stored on a streaming media server and made available upon client request. It can include various content types, such as audio, video, and music clips. The increasing demand for high-quality video content drives the growth of the CDN market. CDN solutions are crucial in delivering videos to users regardless of location. Using a geographically distributed network of connected servers, CDNs ensure on-demand delivery of high-quality videos to web-connected devices. CDN solutions optimize performance, transcode video content to manage bandwidth, and meet the growing demand for uninterrupted video and website content.
By services, the Storage services is projected to register the highest CAGR during the forecast period.
Storage services play a crucial role in managing and scaling stored data while ensuring high levels of protection. They offer scalability options to accommodate the storage needs of companies and provide layers of security to safeguard the data across multiple centers. CDN vendors focus on effective storage services for content replication and storage closer to end users' locations. They prioritize providing ample storage options with fast retrieval rates. Cloud storage services enable the storage and distribution of website content, reducing storage and maintenance costs for organizations.
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Based on region, North America holds the largest market size during the forecast period.
North America, comprising the US and Canada, dominates the global CDN market with the highest share. The region's sustainable economies and early adoption of technologies like AI, ML, IoT, and edge computing contribute to developing new CDN solutions. Factors driving market growth include the growing smartphone and internet user base, increased adoption of OTT media services, rising demand for 4K video content, and the need for improved website performance and cybersecurity. Key players such as Akamai, AWS, Microsoft, Limelight Networks, Cloudflare, Fastly, StackPath, and QUANTIL have fueled innovation and contributed to market growth.
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