The content delivery network market reached ~US$ 7 Bn in 2018, and is anticipated to grow at an impressive CAGR of ~19% during the forecast period of 2019-2029. The constant shift from hardware-based network functionality to software-based networking, which is built on virtualized infrastructure, is moving on an upward swing, thereby potentially raising the demand for content delivery network.
The rising ubiquity of smartphones and high-speed internet access have resulted in the emergence of OTT content and popularity of live-streamed events such as sporting events and concerts. The result has led to increasing demand for content delivery network that enables consumers to gain access to information based on their geographic locations.
Some key factors encouraging the adoption of content delivery networks include major investments into development of network technologies and the sharp decline in data costs. The burgeoning e-commerce sector and the associated CDN requirements have also bolstered adoption rates.
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A report published by Future Market Insights (FMI), provides insights into key factors influencing the market in terms of revenue and sales between the projection period between 2020 and 2030. Software-as-a-Service content delivery networks offerings are likely to reflect higher demand, with e-commerce verticals gaining traction with video content delivery over mobile networks.
Content Delivery Network Market: Segmentation
Service
- Designing, Testing, and Deployment
- Software-as-a-Service
- Bundled Suite
- Individual Module
- Digital Rights Management
- CDN Delivery
- CDN Analytics & Monitoring
- Transparent Caching
- Others
- Managed Services
- Consulting Services
Application
- Media Distribution/Delivery
- Software Distribution/Delivery
- Website Caching
- Others
Vertical
- Media & Entertainment
- E-Commerce
- IT & Telecom
- Healthcare
- Government
- Advertisement
- Others
Service Provider
- Telecom CDN
- Conventional CDN
- Others
Regional Outlook
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of LATAM)
- Europe (Germany, Italy, France, U.K., BENELUX, Spain, Russia, Rest of Europe)
- South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Rest of South Asia)
- East Asia (China, Japan, South Korea)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)
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Key Questions Answered by the Report
- What is the size of the content delivery network market?The global content delivery network market surpassed a valuation of US$ 11.5 Bn in 2019. The market is estimated to grow at a staggering 20% CAGR between 2020 and 2030.
- Which is the largest market for content delivery network?North America is the leading market for content delivery networks. Growing use in the fields of e-commerce, media, and entertainment support market growth.
- Which are the top companies in content delivery network market?Some of the leading companies operating in the market are Akamai Technologies Inc., CloudFlare Inc., Amazon Inc., Microsoft Corporation, CenturyLink, Verizon Digital Media Services, Limelight Networks Inc., CDNetworks Co. Ltd., and Orange SA among others.
- What are the applications of content delivery network?Content delivery networks are primarily in the media and entertainment sector for a wide-ranging OTT, video, and website content. Content delivery networks are also increasingly being used by healthcare, telecom, and government services, in terms of public information dissemination.
- In what types are content delivery network services available?Content delivery network services are provided in four types. These include designing, testing, and deployment, software-as-a-service, managed service, and consulting service. Of these, software-as-a-service content delivery networks are in high demand and are projected to account for approximately 67% of the overall market share by 2030.
- What is the outlook on content delivery network market?Content delivery network service providers will find business to be more resilient to the coronavirus pandemic than other fields. The rollout of 5G technology coupled with a steady decline in data costs hurt market prospects.
- Which countries will exhibit relatively higher demand for content delivery network?Countries in East Asia are displaying fast growth rates, on the back of ecommerce and media applications in addition to investments made to networking technology.