Global Content Delivery Network (CDN) Market to Grow at 14.4% During 2023-2028, Impelled by Rapid Digitization Across Industries.

December 10, 2021 | Technology & Media

According to the latest report by IMARC Group, titled "Content Delivery Network (CDN) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global content delivery network (CDN) market reached a value of US$ 18.4 Billion in 2022. A content delivery network (CDN) refers to a geographically distributed group of servers that provide content delivery through the Internet. It includes the delivery of scripts, graphics, text and media files, documents, portals, social media sites and software. CDN delivers content at high speeds to users and provides services by duplicating content from other servers and directing it from the nearest data center. It provides enhanced cost-effectiveness, increases content availability and improves website load times and security while minimizing the server load. As a result, CDN finds extensive applications across various industries, such as healthcare, media and entertainment, information technology (IT), telecommunication and banking, financial services and insurance (BFSI).

Global Content Delivery Network (CDN) Market Trends:

The global content delivery network (CDN) market is primarily being driven by the rapid digitization across the globe. Additionally, the rising penetration of high-speed internet that assists in loading internet content, such as JavaScript files, stylesheets, videos and hypertext markup language (HTML) pages, is positively impacting the market growth. Various technological advancements, such as the integration of CDN systems with the Internet of Things (IoT) and artificial intelligence (AI) solutions, that provide data-intensive analytics and pattern prediction capabilities to improve the quality, effectiveness and creativity of content are positively impacting the market growth. In line with this, the increasing utilization of CDN for the delivery of high-quality gaming content with enhanced user experience is favoring the market growth. Other factors, including the rising demand for uninterrupted and live content delivery, along with the implementation of various government initiatives to enable fast and secure data delivery management, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 14.4% during the forecast period (2023-2028).

Market Summary:

On the basis of component, the market has been categorized into solution and service.
Based on the content type, the market has been segregated into dynamic content and static content.
On the basis of provider type, the market has been categorized into traditional CDN, telecommunication CDN, cloud CDN and peer-to-peer CDN.
Based on industry vertical, the market has been segregated into healthcare, retail and e-commerce, BFSI, IT and telecommunication, government and public sector, media and entertainment and others.
On the basis of region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others) Latin America (Brazil, Mexico and others), Middle East and Africa.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akamai Technologies Inc., Amazon.com Inc., AT&T Inc., CDNetworks Co. Ltd. (Hong Kong Wangsu Science & Technology), Cloudflare Inc., Google LLC (Alphabet Inc.), Imperva Inc., Internap Holding LLC, Limelight Networks Inc., Microsoft Corporation, Tata Communications Limited and Verizon Communications Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Component, Content Type, Provider Type, Industry Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Akamai Technologies Inc., Amazon.com Inc., AT&T Inc., CDNetworks Co. Ltd. (Hong Kong Wangsu Science & Technology), Cloudflare Inc., Google LLC (Alphabet Inc.), Imperva Inc., Internap Holding LLC, Limelight Networks Inc., Microsoft Corporation, Tata Communications Limited and Verizon Communications Inc.
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Global Content Delivery Network (CDN) Market to Grow at 14.4% During 2023-2028, Impelled by Rapid Digitization Across Industries.

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