ID: MRFR/ICT/2079-CR | May 2019 | Region: Global | 156 pages
Global Content Delivery Network (CDN) Market is expected to expand at 26.5% CAGR during the forecast period.
The global CDN market is expected to witness substantial growth during the forecast period. In 2018, North America dominated the global CDN market, whereas, Europe is expected to dominate the market during the review period. The increasing adoption of the Internet of Things (IoT) technology and smart devices such as smartphones and smart TV globally is driving the growth of the market. Moreover, the growing bring your own device (BYOD) trend and mobility among enterprise which requires faster response time and decreased downtime of websites have increased the need for CDNs. Additionally, the growth in the demand for 4K/8K Ultra HD resolution video content is also contributing to the market growth. The content delivery network is a geographically distributed network of optimized servers designed to deliver content such as media, web applications, APIs, and software. The network of servers is dispersed across multiple physical and network locations to process end-user requests and queries directly, which ensures the fast and secure delivery of media.
Global CDN Market, by Type, 2018 vs 2024
The content delivery network (CDN) is a distributed platform of global servers that provide fast delivery of content over the Internet. CDNs lower the network latency as they cache the information on multiple servers and direct the content to the user; therefore, they allow the user to load content irrespective of their location rapidly and reduces the page load time. Additionally, CDN also reduces content traction time, as it directs the website requests to the nearest globally distributed network of servers or point-of-presence (PoP); this eventually leads to the reduction of latency. One of the major factors contributing to the growth of the CDN market is the rising demand for high-performance content delivery networks. The rapid growth in sharing of content, images, and videos due to the adoption of the Internet, smart devices, mobile phones, and applications has led to increasing the traffic of networks; therefore, CDNs are used to deliver content on time.
For the research study, the global CDN market, by type, has been segmented into standard content delivery network, and video content delivery network, that includes live linear streaming, on-demand streaming, and live streaming. The video content delivery network segment in the CDN market research study is anticipated to dominate the market during the forecast period owing to the rise in the number of video contents.
The key players of global CDN market are Akamai Technologies Inc. (US), Limelight Networks Inc. (US), CenturyLink (US), Tata Communications Ltd (India), Fastly Inc (US), StackPath, LLC (US), CDNetworks Co. Ltd (South Korea), Verizon Communications Inc. (US), Amazon.com Inc. (US), AT&T Inc. (US) and Comcast Corporation (US) among others.
The global CDN market, by region, has been segmented into Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America. North America is anticipated to lead the CDN market during the study period, followed by Europe. The early adoption of IoT technology and smart devices such as smartphones and smart TV in North America are some of the factors driving the growth of the regional market. Furthermore, the presence of technology leaders such as Akamai Technologies Inc., Verizon Digital Media, Amazon Web Services, and CenturyLink is expected to contribute to the growth of the CDN market in the region. The US, followed by Canada, dominates the market in North America. The market in Asia-Pacific is also expected to hold a significant share. China is expected to dominate the market in the Asia-Pacific region
Frequently Asked Questions (FAQ) :
Retail & e-commerce, Media & Entertainment, BFSI, Gaming, Education, IT & Telecommunication, are the top verticals in the market.
The market can expect to achieve a CAGR of 26.5% in the coming years.
Video Content Delivery Network, Standard Content Delivery Network, and others are the main types of content delivery network.
Rising adoption of the Internet of Things (IoT) technology as well as smart devices like smartphones and smart TV are the aspects in the market that are boosting its growth around the world.
North America, Asia Pacific, the Middle East & Africa, South America and Europe are the regions where the market can note growth during the appraisal period.
China is expected to garner the largest share in the APAC market.
Verizon Digital Media, Akamai Technologies Inc., CenturyLink and Amazon Web Services, are the technology leaders in the North American market.