Northbrook, IL 60062 -- (SBWIRE) -- 08/14/2023 -- The global Content Delivery Network Market size is projected to grow from USD 21.7 billion in 2023 to USD 36.5 billion by 2028, at a CAGR of 10.9% during the forecast period, according to research report by MarketsandMarkets™.

The proliferation of smartphones and the reliance on mobile devices for internet access create a need for CDN services that optimize content delivery for seamless mobile experiences.

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Based on application area, the Media delivery segment to hold the largest market size during the forecast period.

Media delivery involves the efficient distribution of rich media files like audio streaming, live videos, and video streaming. It focuses on reducing latency and ensuring a high-quality user experience, particularly for online media streaming. CDN companies offer solutions that enable faster and scalable delivery of HD videos, OTT content, games, social media platforms, and software updates. As the number of portable devices increases, CDN solutions help deliver digital content in various formats tailored to each device. Market players such as Akamai, AWS, Verizon, and Comcast offer media delivery solutions to meet the growing demand for seamless and engaging media experiences.

Based on provider type, P2P CDN is projected to register the highest CAGR during the forecast period.

P2P CDN solutions utilize ad-hoc connections to connect delivery nodes for digital content, offering diverse connectivity and consuming more bandwidth compared to traditional CDNs. Deployed at the client's side, P2P CDNs leverage peer bandwidth, reducing network costs for content providers. The number of peers directly impacts network costs, making P2P CDN attractive for optimizing web performance. Factors such as the demand for 4K content, digitalization, and increasing internet penetration are driving the growth of the P2P CDN market segment, particularly with the growing popularity of video streaming.

Based on application area, the media and entertainment segment to hold the largest market size during the forecast period.

The media and entertainment industry relies heavily on CDN solutions to deliver users fast, secure, and uninterrupted viewing experiences. The increasing demand for online video streaming has driven the growth of this segment. CDN solutions optimize content delivery, reducing delays and enhancing device visual quality. By leveraging CDN technology, media and entertainment enterprises can cater to a global audience, offering seamless access to content regardless of location. Cloud-based services and CDN implementations support on-demand content, online audio streaming, podcasts, and live web episodes. The vast amount of data shared on social media platforms necessitates reliable CDN solutions for media production companies, animation studios, TV channels, and post-production teams. The evolution of higher-resolution imaging standards and the exponential growth in data sizes require robust CDN solutions. Key players in the CDN market for media and entertainment include Akamai, StackPath, and Limelight.

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Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.

Asia Pacific, an emerging economy, is projected to achieve the highest CAGR in the CDN market during the forecast period. The region, including China, Japan, and South Korea, is experiencing significant growth driven by increasing content consumption, expanding internet subscriber base, and rising smartphone usage. The adoption of live video streaming, OTT services, and the surge in media, entertainment, gaming, and education sectors due to COVID-19 lockdowns further contribute to market growth. The booming eCommerce industry and the adoption of internet TV in countries like India, China, Korea, and Singapore also fuel the demand for CDN solutions. Major CDN vendors have established data centers in Asia Pacific to meet the growing demand and enhance customer experience while ensuring security compliance.

Market Players

The major vendors covered in the content delivery network market include Akamai Technologies (US), Microsoft (US), IBM (US), Edgio (US), Google (US), AWS (US), AT&T (US), Cloudflare (US), Lumen Technologies (US), Deutsche Telekom (Germany), Fastly (US), Citrix systems (US), NTT Communications (Japan), Comcast Technologies (US), Rackspace Technology (US), CDNetworks (South Korea), Tata Communications (India), Imperva (US), Broadpeak (France), Quantil (US), StackPath (US), G Core Labs SA (Luxembourg), Tencent Cloud (China), OnApp Limited (UK),EVG Corp (Vietnam), Kingsoft Cloud (China), Bunny.net (Slovenia) and Baishan Cloud (US).

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Key Dynamic Factors For Content Delivery Network Market:

Rising Internet traffic and streaming demand: The demand for online content, such as streaming video, online gaming, and software downloads, is always growing, placing a significant burden on network infrastructure. The user experience is enhanced and latency is decreased by CDNs' effective content distribution to end users.

Global E-Commerce Expansion: The demand for quick and dependable content delivery to customers all over the world is driven by the growth of e-commerce. For a great user experience and prosperous online enterprises, CDNs increase website performance, safe transactions, and load times.

Mobile Device Proliferation: Due to the growing use of smartphones and tablets, a sizable part of internet traffic now comes from mobile devices. Using CDNs, content distribution across platforms is optimised for a variety of devices and network setups.

Dominance of Video Content: Online experiences are increasingly centred around streaming and on-demand video content. Streaming platforms can maintain high-quality services because CDNs speed up video delivery, lower buffering, and handle peak demand.

Cloud Services and Edge Computing: As edge computing architectures and cloud services are adopted, the demand for effective content distribution to and from remote data centres grows. The performance of cloud-based applications and services is greatly improved by CDNs.

Website performance and SEO: Websites that load quickly are not only user-friendly, but they also perform better in search results. CDNs increase website speed and cut down on latency, which helps with search engine optimisation (SEO).

Security and DDoS mitigation: CDNs include security features including SSL encryption, Web Application Firewall (WAF), and Distributed Denial of Service (DDoS) defence. The importance of CDN's security capabilities increases as cyber attacks become more complex.

IoT Growth: A variety of connected devices are used in the IoT's (Internet of Things) expansion. CDNs help manage the additional data traffic produced by IoT devices while facilitating the efficient delivery of content and updates to these devices.

Localization and personalization of content are made possible by CDNs, which give content creators the option to adapt user preferences and location while delivering content. By sending content from local servers, this personalisation increases user engagement and lowers latency.

Emerging Technologies: New developments like WebRTC (Web Real-Time Communication) and 5G networks are revolutionising how content is viewed and distributed. In order to provide the best content delivery experiences, CDNs must adapt and use these technologies.

Regulations relating to data privacy and compliance have an impact on how content is distributed and kept. CDNs must follow these rules while preserving user privacy and secure content delivery.

Competition and Innovation: The CDN industry is competitive, which forces suppliers to constantly innovate in terms of technology, pricing strategies, and service offerings in order to stand out and take market share.

Competitive and Segmentation Analysis:

Due to their enormous network infrastructure and widespread reach, businesses like Akamai Technologies and Limelight Networks have a significant position among the leading rivals. To meet the various needs of companies and content providers, these players provide a wide range of services, such as media delivery, security solutions, and online performance optimisation. Cloudflare, recognised for its security-focused CDN products, and Amazon Web Services (AWS), with its Amazon CloudFront service, are other top competitors that are utilising their cloud and security expertise.

Content Type and Industry Focus: CDNs are focused on a variety of industries, including e-commerce, video streaming, gaming, and software updates. Some service providers focus on distributing media material, while others provide specialised e-commerce solutions that guarantee seamless user interactions with online purchases.

Geographic Reach: Although CDNs are available everywhere, there can be considerable differences in their regional server coverage and locations. Businesses targeting niche markets find that companies with a large server network are appealing options since they can provide greater performance and lower latency in particular regions.

Service Offerings: CDN providers set themselves apart by providing a variety of services. Beyond content distribution, many also provide value-added services to assist organisations optimise their online operations, such as security features (DDoS prevention, WAF), edge computing, and analytics.

Business Models: The providers provide a range of price options, such as pay-as-you-go, subscription-based, and volume-based programmes. This division makes it possible for companies of various sizes to select a pricing structure that suits their needs.

Integration of Emerging Technologies: As the market develops, CDNs are integrating new technologies like serverless computing, 5G networks, and edge computing into their offerings. They are able to offer cutting-edge solutions for a range of use cases, from IoT to real-time applications, thanks to this distinction.

Enterprise Solutions vs. Small and Medium-Sized Enterprises (SMEs): Small websites and major corporations with complex requirements are just two examples of the wide range of clients that CDNs serve. Some service providers concentrate on providing simple-to-use solutions for SMEs, while others customise their offerings to fit the complex needs of business clients.

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