(MENAFN- GlobeNewsWire - Nasdaq) Content Delivery Network market size was valued at USD 15.91 billion in 2022 and is poised to grow from USD 19.38 billion in 2023 to USD 93.86 billion by 2031, growing at a CAGR of 21.8% in the forecast period (2024- 2031).Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Content Delivery Network Market will attain a value of USD 93.86 Billion by 2031, with a CAGR of 21.8% during the forecast period (2024-2031). The content growth in the industry is due to increase in online content consumption as a result of digital media outburst, streaming services and e-commerce platforms. One of the major factors driving growth in CDN services market is rising demand for online content delivery network (CDN) services to ensure best performance worldwide especially in developing countries. Again, there is an increasing public need for an improved digital experience with low latency and high quality that necessitates CDNs.
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Content Delivery Network Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $19.38 Billion |
| Estimated Value by 2031 | $93.86 Billion |
| Growth Rate | Poised to grow at a CAGR of 21.8% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Content, Provider, Service, Solution, Industry Vertical and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Rise of CDN solutions in securing and enhancing modern digital ecosystems |
| Key Market Opportunities | Growing interest of consumers in OTT platforms and VOD for entertainment |
| Key Market Drivers | Increasing preference for CDN services for dynamic content |
Web Performance Optimization to Dominate Due to Improved Website Speed
Global Content Delivery Network market is gaining strength through online performance optimization solutions, which lead to improvement user experience and website speed. Faster page loads result in greater user satisfaction and engagement thus increasing the demand for CDNs. Content Delivery Networks (CDNs) are becoming increasingly important as online content expands and user expectations grow, prompting a need for delivery solutions that are both effective and scalable.
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Video CDN Service is Largest Growing Sub-Segment Due to Increasing Consumption of Streaming Content
The global Content Delivery Network market is dominated by video CDN services as more and more people consume streaming content. As video quality demands increase, CDNs provide seamless, high-definition streaming through efficient content distribution across these international networks. By doing so, they reduce latency and buffering, thereby enhancing customer satisfaction for videos and encouraging more usage of video CDN solutions.
Rapid Uptake of Cloud-Based Services Helped North America to Dominate the Market
Due to a number of important variables, North America is expected to grow significantly over the projection period. The region has very high internet penetration rates, and 4K resolution displays are becoming more and more popular. These factors are crucial to the market's growth. Together, these elements strengthen a solid CDN architecture and enable effective data delivery methods.
Content Delivery Network Market Insight
Drivers:
Growing Consumption of Video Content
Online Retail Activities Requirements Expanding
Increasing Mobile Device Usage
Restraints:
CDN infrastructure being a Barrier for Small Businesses
Data Sovereignty Affecting CDN Adoption
Latency Being a Challenge in Less Connected Regions
Prominent 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)
Segments covered in Content Delivery Network Market are as follows:
Content
Static, Dynamic
Provider
Traditional CDN, Telecommunication CDN, Cloud CDN, Peer to peer CDN
Service
Standard CDN, Video CDN
Solutions
Media Delivery, Cloud Security, Web Performance Optimization
Industry Vertical
Healthcare, Retail & E-commerce, BFSI, IT & Telecommunication, Media & Entertainment, Government & Defence, Others
Key Questions Answered in Global Content Delivery Network Market Report
What is the expected compound annual growth rate (CAGR) for the global content delivery network (CDN) market from 2024 to 2031?
What are the main forces behind the CDN market's expansion, and how do video CDN services fit into this picture?
Which region's high internet penetration rates and the rising demand for 4K resolution displays are projected to drive the CDN market?
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This report provides the following insights:
Analysis of key drivers (Growing government and enterprise investments, advances in CDN technologies like AI & ML integration, expanding global reach of digital content and need for robust security features such as DDoS protection), restraints (Lack of awareness or understanding of CDN solutions, dependence on specific CDN providers and complexity of managing & optimizing CDN services) opportunities (Emergence of 5G Technology, increasing number of IoT devices and growing internet penetration), and challenges (Ensuring that CDN infrastructure can scale efficiently and pricing pressures & the need for continuous innovation) influencing the growth of content delivery network market Market Penetration: Comprehensive information on the product portfolios offered by the top players in the content delivery network market Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the content delivery network market Market Development: Comprehensive information on lucrative emerging regions Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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