Vancouver, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The global content delivery network market size was USD 17.50 Billion in 2022 and is expected to register a steady revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for digital content and high-definition video content and immersive gaming experience with minimum latency and increasing improvement in bounce rate are key factors driving market revenue growth.
Companies are adopting new business models and resilient revenue streams that rely on digitization to modernize businesses. A content delivery network provides site users with quicker content load times, therefore allows web publishers to more page views, traffic spikes, improved customer engagement, and less site abandonment. Each CDN server, also known as edge server, is situated towards the edge of network, placing it near users than the host server. A portion of online content, including HyperText Markup Language (HTML) files, pictures, audio, video, and applications, are stored or cached on each server by host server. Content delivery network enables website publisher to deliver better performance, shorten user load times, and manage its own bandwidth usage and expenses by reducing the distance between this material and users. In addition, rising demand for digital content and increasing improvement in bounce rate are expected to significantly drive revenue growth of the market.
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Moreover, rising demand for high-definition video content and immersive gaming experience with minimum latency is further driving market revenue growth to a greater extent. CDN servers store caches of web content closer to users and thereby reduces latency and improves performance. Fewer data transfers from origin server are made possible via CDN, which lowers an organization's bandwidth usage and expenses, which is expected to drive revenue growth of the market to a greater extent.
However, rising concerns about cyber-attacks and breach of sensitive data and issues related to application portability are major factors hampering revenue growth of the market.
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 17.50 Billion |
| CAGR (2023–2032) | 15.1% |
| Revenue Forecast to 2032 | USD 71.11 Billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | component, content type, provider type, application, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | Amazon Web Services, Inc., Alphabet Inc., Microsoft Corporation, Akamai Technologies, Verizon, Cloudflare, Inc., Edgio, Fastly, Inc., StackPath, LLC., and Lumen Technologies |
| Customization Scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global content delivery network market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new solutions and services. Some major players included in the global content delivery network market report are:
- Amazon Web Services, Inc.
- Alphabet Inc.
- Microsoft Corporation
- Akamai Technologies
- Verizon
- Cloudflare, Inc.
- Edgio
- Fastly, Inc.
- StackPath, LLC.
- Lumen Technologies
Strategic Development
- On 22nd September 2022, Microsoft Corporation launched Content Delivery Network (CDN) service for private enterprises. This new eCDN will enhance live video streaming quality across the organization with Office 365 compliance. It also works with any HLS-based third-party video platform.
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Some Key Highlights From the Report
- The solutions segment is expected to account for largest revenue share over the forecast period. This is attributed to rapid growth in cloud computing, which in turn, has led to increase in deployment of innovative CDN solutions on cloud.
- The dynamic segment is expected to register a rapid revenue growth rate over the forecast period. Content delivery networks proactively track overall distributed network's operational state and determine appropriate routing for a specific delivery to ensure a quicker and more reliable connection. This is expected rise demand for CDN in dynamic webpages and drive market revenue growth.
- The telco CDN segment is expected to register a rapid revenue growth rate over the forecast period. This is due to increasing penetration of smartphones and rollout 5G network.
- The media & entertainment segment accounted for largest share in 2022. This is due to rapid adoption of CDN multimedia coding formats or packets, such as PNG, IFF, MP3, AVI, and H.264/AVC, by media industries. CDN enhances loading times and user experiences, by tailoring delivery according to type of content requested such as normal web content, dynamic content, video streaming, or huge file downloads. This is expected to drive revenue growth of this segment
- The North America market accounted for a relatively larger revenue share in 2022. This is due to increasing number of Internet users in countries, such as U.S and Canada, which has led to rising demand for CDN in this region.
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Emergen Research has segmented the global content delivery network market based on component, content type, provider type, application, and region:
- Component Outlook (Revenue, USD Billion; 2019-2032)
-
- Solution
- Service
- Content Type Outlook (Revenue, USD Billion; 2019-2032)
-
- Static
- Dynamic
- Provider Type Outlook (Revenue, USD Billion; 2019-2032)
-
- Traditional CDN
- Telco CDN
- Cloud CDN
- Peer-to-Peer CDN
- Application Outlook (Revenue, USD Billion; 2019-2032)
-
- Media & Entertainment
- Online Gaming
- Retail and E-commerce
- E-Learning
- Healthcare
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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