DUBLIN, April 11, 2022–(BUSINESS WIRE)–The “Worldwide Content Delivery Network Industry to 2027” report has been added to from ResearchAndMarkets.com offer.
The global content delivery network market is expected to grow from USD 19.2 billion in 2022 to USD 34.5 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% during the period forecast.
The solutions to register a higher growth rate during the forecast period
In the content delivery network market by component, solutions are expected to register a higher growth rate during the forecast period. Solution segment of the CDN market is segmented into web performance optimization, media delivery and cloud security. Nowadays, the maximum volume of data or content accessible on the internet is consumed via the CDN. Users don’t have the patience to wait for content to buffer, and this challenge has made content delivery even more crucial for organizations.
Dynamic content is expected to hold a larger market size during the forecast period
By content type, dynamic content is expected to hold the largest market size over the forecast period. Dynamic content can also be referred to as media streaming. This content changes in real time and can be live, such as live sports, news broadcast, concerts and on-demand, with the encoded data being stored in a streaming media server and made available upon customer request. . Different types of content can be requested in on-demand content, such as audio, video, and music clips. Dynamic content primarily refers to web content that changes based on user behavior, preferences, and interests.
P2P CDN is expected to experience higher growth rate during the forecast period
By provider type, P2P CDN is expected to have a higher growth rate. The P2P CDN solution includes a large number of ad hoc connections that link digital content delivery nodes. Unlike the traditional CDN segment, the P2P CDN segment consumes more bandwidth and develops diversified connectivity between servers in a network. The CDN P2P solution is deployed at the end of the delivery chain, on the client side. The P2P CDN also uses the bandwidth of the peer, which reduces the network cost for content providers. If the content is not available on the peer’s computer, the cache server is expected to serve the content.
Healthcare is expected to witness a higher growth rate during the forecast period
By application areas, healthcare is expected to have a higher growth rate. Healthcare service application domain is one of the lucrative CDN domain application domains. This segment faces various technological challenges, such as an increasing number of regulations and cybersecurity and changing customer demands for medical services.
The healthcare segment works on time-critical and time-critical operating modalities that require real-time data and instructions, which mobile and system connectivity has made possible. CDN is one such solution that has benefited this segment at scale due to the high adoption of the telemedicine trend. Healthcare companies collaborate across multiple sites for drug and drug development and diagnostics.
APAC will have a higher growth rate during the forecast period
APAC is expected to grow at the highest CAGR over the forecast period. Asia-Pacific, an emerging economy, is experiencing dynamic changes in the adoption of new technologies. With emerging countries like China, Japan, and South Korea, the region is expected to experience strong CDN market growth. The fastest growth rate of the Asia-Pacific CDN market can be attributed to the ever-increasing consumption of content in these emerging countries.
Growing need for effective solutions to enable uninterrupted live content delivery over a high-speed data network
Growing demand for improved QoE and QoS
Proliferation of Video and Rich Media on Websites
Growing demand for enhanced video content and latency-free online gaming experience
Exponential increase in online video content consumption is expected to drive market growth
Increase in internet penetration and adoption of mobile devices leading to growing opportunities for mobile CDN
Growing demand for cloud-based services
Growing demand for integrated and next-generation security solutions and services
Growing consumer interest in OTT platforms and VoD for entertainment
For more information about this report visit https://www.researchandmarkets.com/r/h6e4oa
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220411005518/en/
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