USD 15.91 billion
Report ID:
SQMIG45A2162 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
147 |
Figures:
82
Global 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).
The escalating need for Through the Top (OTT) and Video-on-Demand (VOD) services is set to ensure a consistent flow of content across high-speed data networks, propelling market expansion over the forecasted period.
Key players in the global content delivery network market, including Akamai Technologies, Amazon Web Services, Inc., International Business Machines Corp., and Limelight Networks, among others, are positioned as prominent entities driving this growth.
The soaring popularity of online gaming is propelled by the advent of cutting-edge technologies such as 4K and Ultra HD, reshaping and driving the market's growth trajectory.
Gaming enterprises are increasingly channeling investments into Content Delivery Networks (CDNs) to ensure the seamless delivery of high-quality content, crucial for an enhanced user experience.
Global Market Size
USD 15.91 billion
Largest Segment
Media Delivery
Growth Rate
21.8% CAGR
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The global content delivery network market is segmented into six segments i.e. by solutions, service, mounting, provider, industry vertical and region. Based on the solution the market is segmented as, media delivery, web performance optimization, cloud security. By service the market is segmented as, standard CDN, video CDN. By content, the market is segmented as static, dynamic. By provider, the market is segmented as, traditional CDN, telecommunication CDN, cloud CDN, peer to peer CDN. By industry vertical, the market is segmented as, healthcare, retail & Ecommerce, BFSI, IT & telecommunication, media & entertainment, government & defense, and others. By region the market is segmented as, North America, U.S., Canada, Europe, UK, Germany, France, Italy, Spain, Rest of Europe, Asia-Pacific, China, India, Japan, South Korea, Australia, Rest of Asia-Pacific, LAMEA, Latin America, Middle East, Africa.
Analysis by Solutions
In 2022, the web performance optimization segment claimed the largest revenue share, accounting for approximately 39.7%, highlighting its escalating importance in the digital realm. As the volume of online content and applications continues to surge, the collective demand for swifter, highly responsive experiences intensifies among businesses and users. Web performance optimization solutions take center stage by concentrating on accelerating website loading speeds, curtailing latency, and fine-tuning content delivery mechanisms.
The media delivery segment to achieve a rapid CAGR of 24.3% throughout the forecast period in 2022. This surge is chiefly attributed to the escalating demand for smartphones and an array of smart, interconnected devices adept at handling digital media. Particularly in emerging economies, the persistent expansion of high-speed networks has empowered consumers with ubiquitous access to data, fostering a culture of on-the-go connectivity. Consequently, the burgeoning necessity for CDN solutions to guarantee seamless, lag-free media delivery is poised to be a significant driver in propelling market growth.
Analysis by Service
In 2022, the video CDN segment secured the largest revenue share, encompassing 64.7% of the market. The remarkable surge in online video streaming services and platforms has triggered an unprecedented rise in video content consumption. As audiences seek top-tier, uninterrupted streaming encounters, conventional CDN structures face challenges in meeting these escalating demands. Video CDNs, purpose-built for seamless video content delivery, present a solution by harnessing global server networks, adaptive bitrate streaming, and video caching to ensure expedited and more effective video distribution.
The standard CDN segment is expected to expand at a significant CAGR of 22.7% over the forecast period owing to the increasing adoption of high-speed data networks with better bandwidth. The standard CDN can be implemented to cache these assets throughout a set of geographically dispersed servers, reducing page load times, enhancing performance, controlling bandwidth consumption, and reducing infrastructure costs.
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During the forecast period, North America is poised to experience substantial growth, driven by several key factors. The region boasts exceptionally high internet penetration rates, coupled with the escalating popularity of 4K resolution displays, serving as pivotal elements underpinning the market's expansion. These factors collectively fortify a robust CDN infrastructure, facilitating efficient data delivery mechanisms. Additionally, the rapid uptake of cloud-based services, coupled with the introduction of high-speed data networks, further propels market growth.
In 2022, Asia Pacific emerged as the dominant force in the market, commanding the largest revenue share at 34.0%. Projections indicate its trajectory to continue, foreseeing an accelerated CAGR of 28.3% over the forecast period. This ascent is attributed to the rapid expansion of emerging economies such as India and China, bolstered by the region's status as one of the fastest-growing consumer markets globally. The region's burgeoning population and a burgeoning audience for online gaming content are catalyzing increased demands for advanced networking infrastructure.
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Drivers
Increasing Preference for CDN Services for Dynamic Content Needs to Augment Market Growth
Restraints
Complex Architecture and Data Security Concerns to Impede Market Growth
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The competitive environment of the global content delivery network market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
In January 2024, Ateliere Creative Technologies signed a strategic collaboration agreement with Amazon Web Services. This collaboration will define media production and distribution which offers innovative cloud-based solutions for the media and entertainment industry from the starting stages of captive via the business-to-business supply chain, right through the content delivery to consumers. This collaboration will drive new product development features which will boost customers' adoption of the Ateliere platform and ultimately increase marketing and general awareness efforts with significant support and funding from AWS.
In January 2024, Batelco, a part of the Beyond Group, has announced A strategic collaboration with Tencent Cloud, one of the world's leading cloud. This is a significant milestone, placing Batelco as the first in Bahrain to integrate Tencent CDN and strengthen its bond to delivering cutting edge solutions to customers in the Kingdom of Bahrain.
In January 2024, JD.com ( Jingdon in Europe) and Evri, the UK's biggest dedicated parcel delivery company made a partnership to support and enable the further growth of the British and European businesses in the Chinese market. This partnership will help European businesses selling their products via JD.com’s marketplace, which has nearly 600 million active customers and will increase its pickup service to European and UK brands or businesses.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global content delivery network market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The increasing embrace of OTT and VOD services represents a shift toward broadcasters providing seamless, low-latency data transmission across networks, elevating the standards of video delivery quality. Substantial investments in global network infrastructure, notably in emerging economies such as India, have markedly bolstered network connectivity, bandwidth capabilities, and expansive coverage. These advancements play a pivotal role in enabling consumers to stay consistently connected, receive real-time updates, and access pre-packaged media content promptly. This trend serves as a catalyst for broadcasters to elevate content delivery methods, ensuring the dissemination of diverse data accessible across multiple applications.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 15.91 billion |
Market size value in 2031 | USD 93.86 billion |
Growth Rate | 21.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Content Delivery Network Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Content Delivery Network Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Content Delivery Network Market:
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