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Content Delivery Networks Market to Reach USD 38,689 Million by 2027 – Key Impacting Factors That Can Win the Industry

content delivery network market

Growing use of the internet for data and media transmission and increasing consumer interest in VOD and OTT platforms have generated CDN market growth.

PORTLAND, PORTLAND, OR, USA, Sept. 20, 2022 /EINPresswire.com/ — Allied Market Research has released a new report titled “Content Delivery Networks Market to Hit $38,689 Million by 2027 – Major impact factors that can win the Industry.” The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces Analysis, and competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain a thorough understanding of the industry and determine the steps to take to gain competitive advantage .

The global CDN market generated USD 11.62 billion in 2019 and is expected to reach USD 38.68 billion by 2027, growing at a CAGR of 15.3% from 2020 to 2027.

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Requirement for uninterrupted live content delivery and high-speed data network, use of rich media and website video, increased demand for video streaming and gaming online services and the high penetration of smartphones and wearable devices globally are driving the growth of the global content delivery network market. However, technical difficulties in security and complex architecture are hampering the growth of the market. On the other hand, the demand for high quality of service, the evolution towards service architecture and the use of consumers in over-the-top services present new opportunities in the coming years.

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Based on the industry vertical, the media and entertainment segment contributed the highest market share in 2019, accounting for around a quarter of the global content delivery network market, and is expected to maintain its status leader over the forecast period. This is due to the use of online video streaming and online games. However, the healthcare segment is expected to show the highest CAGR of 18.8% from 2020 to 2027. This is due to the real-time patient information offered regularly in various situations.

Based on component type, the solutions segment contributed the highest share in 2019, accounting for more than three-fifths of the global content delivery network market, and is expected to maintain its leading position over the period. forecast. This is due to organizations adopting solutions as it allows them to focus on their core business. However, the service segment is expected to witness the highest CAGR of 16.7% from 2020 to 2027, owing to the increase in demand for various services such as managed services, professional services and maintenance service at low cost to maintain network security and high quality.

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Based on region, North America held the largest market share in 2019, accounting for approximately two-fifths of the global content delivery network market, and is expected to maintain its revenue dominance by 2027 This is due to the high adoption of online services. and media, increased use of artificial intelligence (AI) and other smart connected devices in the region. However, Asia-Pacific is expected to maintain the highest CAGR of 18.7% during the forecast period, due to the continuous development of the IT and telecommunications sector which pushes organizations to invest heavily in the content delivery network to improve productivity and support growth. Additionally, a major shift towards digital transformation, increased cloud deployment, and technological advancements among small and medium-sized businesses complement the growth.

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Covid-19 scenario

• Internet and data service providers have experienced nearly 30-45% growth in Internet traffic worldwide. Due to the growing need to ensure the highest capacity and capacity to deliver content over the broadcast network with high performance, they have implemented massive investment plans.

• There has been a tremendous growth in the popularity of Content Delivery Networks and the attention of researchers in industry and academia to reduce data search costs. This generated more revenue streams for the service providers as they offered various networking features.

• Organizations that deployed content delivery networks before the pandemic were able to adapt quickly to new business demands as working from home became mandatory to ensure business continuity.

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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.

Other trend report:

1. Content Services Platform Market

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