Global Content Delivery Network Market Extends at a Healthy CAGR of 5.9% by 2030

Introduction

A content delivery network, or CDN, is a collection of servers located in various parts of the world that work together to deliver content from the internet in a timely and reliable manner. A content delivery network (CDN) is a computer network that enables the rapid transfer of data and assets required for loading web content. This inventory consists of JavaScript files, images, stylesheets, HTML pages, and live videos. The owners of the content, such as the vendors of e-commerce and media companies, are the ones who pay the content delivery network providers, network carriers, and network operators to host their servers in their data centers. A rise in demand for cloud-based services and the use of consumers in over-the-top services is also expected to create lucrative opportunities in the global content delivery market.

Market Dynamics

Increasing Demand for High-Speed Data Networks, Growing Use of Rich Media, and Demand for Enhanced Video Streaming and Online Gaming Drives the Global Market

The architecture supports latency-sensitive device services for provider types like autonomous driving, factory automation, remote surgery, mission-critical communications, and virtual reality. Augmented reality entertainment is known as the content delivery network. For the end user, uploading high-quality video to a website and streaming online video over the internet takes time and money. It needs a reliable, fast, stable internet connection and a robust IT infrastructure. The content delivery network resolves the issue of both the source and the destination having multiple points of presence, allowing content to be made accessible worldwide. The distance between the client and the server can be reduced by placing the content server close to the end user.

Increasing Demand for Service-Based Services and a Major Shift Toward Service Architecture Creates Tremendous Opportunities

The growing use of service-based content delivery networks will increase as businesses digitize and adopt service infrastructure. Any company can deliver content using HTML, multi-point presence, and distributed networks using Service-based content delivery networking. Leading providers of content delivery networks provide a platform-based CDN service that fosters and generates a growth opportunity during the forecast period. End-users are gravitating toward service-based CDN services due to cost-effectiveness.

Regional Analysis

Asia-Pacific is the most dominant global content delivery network market and is expected to reach USD 18.95 million in 2030, growing at a CAGR of 19.3% during the forecast period. The emergence of high-end technologies like artificial intelligence, fast 5G networks, and the rising need for low-cost, high-speed content access are all driving factors for the market's expansion in the Asia-Pacific region. LAMEA is expected to have a sizable market share after Asia-Pacific. North America is the third-lowest revenue-contributing region.

Key Highlights

• The global content delivery network market was valued at USD 20.21 billion in 2021. It is expected to reach USD 58.90 billion by 2030, growing at a CAGR of 15.9% during the forecast period (2022–2030).
• Based on components, the global content delivery network market is bifurcated into solutions and services. The solution segment is the highest contributor to the global content delivery network market, growing at a CAGR of 15.9% during the forecast period.
• Based on content type, the global content delivery network market is segregated into static and dynamic. The dynamic segment is the highest contributor to the global content delivery network market, growing at a CAGR of 16.6% during the forecast period.
• Based on provider type, the global content delivery network market is divided into traditional CDN, telecommunication CDN, cloud CDN, and peer-to-peer CDN. The peer-to-peer CDN segment is the highest contributor to the global content delivery network market, growing at a CAGR of 18.4% during the forecast period.
• Based on industry vertical, the global content delivery network market is differentiated into healthcare, retail and eCommerce, BFSI, IT and telecommunication, media and entertainment, government, and the public sector. The healthcare segment is the highest contributor to the global content delivery network market, growing at a CAGR of 19.4% during the forecast period.
• Asia-Pacific is the most dominant global content delivery network market and is expected to reach USD 18.95 million in 2030, growing at a CAGR of 19.3% during the forecast period.

Competitive Players

1. Cloudflare Inc.
2. Microsoft Corporation
3. IBM Corporation
4. Citrix Systems
5. Akamai Technologies
6. Lumen Technologies
7. Rackspace Technology
8. Google
9. Amazon Web Services Inc.
10. Limelight Networks

Recent Developments

• February 2024 -The largest privately held cloud computing platform in the world, Vultr, announced the release of Vultr CDN. Content is delivered closer to the edge by this next-generation service without sacrificing security. Constructed on top of Vultr's global infrastructure, which spans six continents, Vultr now offers turnkey services for scaling websites and online apps to its global community of over 225K developers. This includes global content and media caching.
• February 2024 - Gcore, a European provider of cloud and CDN services, introduced FastEdge, a new serverless Edge solution. With the help of Gcore's content delivery network (CDN), which spans more than 160 Edge nodes globally, FastEdge is constructed.

Segmentation

1. By Component
   1. Solution 
   2. Service
2. By Content Type
   1. Dynamic
   2. Static
3. By Provider Type
   1. Traditional CDN
   2. Telecommunication CDN
   3. Cloud CDN
   4. Peer-to-Peer CDN
4. By Industry Verticaals
   1. Healthcare
   2. Retail and E-commerce
   3. BFSI
   4. IT and Telecommunication
   5. Government & Public sector