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Content Delivery Network (CDN) Market size exceeded USD 10 billion in 2020 and is estimated to expand at over 15% CAGR between 2021 and 2027. Rising demand for improved content delivery and enhanced scalability from enterprises is likely to boost the industry growth.
The technological advancements followed by the need to ensure uninterrupted content delivery through high-speed networks are enabling the demand for CDN solutions & services. The enterprises are adopting diverse technology solutions to improve the performance and reduce latency.
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The CDN observed a substantial rise in usage across multiple geographies and industry verticals amid COVID-19 pandemic. The companies offering real-time streaming and networking solutions have showcased sharp increase in streaming traffic. In response, several technology players are focused on influencing the operational capabilities of their solutions & services.
Enterprise-wide demand for uninterrupted service delivery and new solution development is further augmenting the content delivery network market expansion. The enterprises across diverse industry verticals are preferring content delivery services to ensure high-quality live streaming services.
|Market Size in 2020:||10 Billion (USD)|
|Forecast Period:||2021 to 2027|
|Forecast Period 2021 to 2027 CAGR:||15%|
|2027 Value Projection:||30 Billion (USD)|
|Historical Data for:||2016 to 2020|
|No. of Pages:||270|
|Tables, Charts & Figures:||368|
|Segments covered:||Component, Content Type, Application and Region|
|Pitfalls & Challenges:|
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The media delivery component in in the UK accounted for around USD 237.30 million in 2020. The need to optimize the delivery of specific content types and reduce the latency requirements is fueling the market revenue. The media delivery solution helps enterprises in maintaining the quality of user experience and bandwidth allocation. The extensive penetration of online streaming service is expected to support the demand for media delivery solutions.
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Static content type segment in Canada crossed USD 1.39 billion in 2020. The content delivery network solutions enable faster delivery and lowered latency for static contents. The origin push caching method is used for static content delivery. Majority of the corporate enterprises emphasize on CDN solutions & services to distribute static content.
In Japan, the retail & e-commerce application is poised to observe a growth rate of about 20% through 2027. The country is witnessing a significant rise in online buying of goods & services, which is anticipated to impel the CDN industry statistics.
North America content delivery network market captured more than 30% of the revenue share in 2020. The extensive penetration of enterprises offering content delivery network solutions & services and new product launches are contributing to the industry demand. In October 2020, Cisco Systems Inc. in collaboration with Digital Alpha and Quilt launched Open Caching architecture solution for streaming media delivery. The launched solution helps companies in delivering high-quality streaming experience to customers.
Some of the key players operating in the content delivery network market are Akamai Technologies Inc., Alibaba Cloud International, Amazon Web Services Inc., AT&T Inc., Citrix Systems Inc., Cloudflare Inc., Comcast Technology Solution, Deutsche Telecom AG, Fastly Inc., G-Core Labs S.A, Google LLC, IBM Corporation, Imperva Inc., Leaseweb Global B.V., Limelight Networks Inc., Lumen Technologies, Microsoft Corporation, NTT Communications Corporation, QUANTIL Inc., Rackspace, US Inc., StackPath LLC, Tata Communications, and Verizon Media (Verizon Communication). The global market has showcased new product developments from several enterprises.
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Market, By Component
Market, By Content Type
Market, By Application
The above information has been provided for the following regions and countries: