Press release
Content Delivery Network Market Report 2024: Size, Share, Growth, Trends, Analysis, Forecast, Outlook
Content Delivery Network Market Report
The content delivery network market size is expected to see rapid growth in the next few years. It will grow to $53.42 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to dynamic content personalization, quality of service improvements, interactive content delivery, content streaming standardization, global events and peak traffic handling.. Major trends in the forecast period include rise in online content consumption, security features and ddos mitigation, multi-cloud cdn deployments, video streaming optimization, mobile content delivery optimization, application programming interface (api) protection, global expansion of cdn networks..
Market Overview -
The content delivery network refer to a geographically dispersed network of servers that collaborate to deliver internet material quickly. A well-built CDN may also help protect websites from common malicious attacks. A content delivery network is used for the rapid transfer of assets required for internet content loadings, such as HTML pages, JavaScript files, stylesheets, pictures, and videos.
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Explosive Growth In Internet Usage And Smartphone Adoption Set To Propel Content Delivery Network Market
The increase in usage of the internet and smart devices is expected to propel the growth of the content delivery network market. The number of smartphone users has increased significantly over the world due to its ease and the services offered. These services provide door-to-door services to their users which makes them convenient for use. Smartphones have access to the internet that provides a better outlook on the various social media applications where content is generated and uploaded every second. According to Bankmycell, a buyback mobile store in the USA, in 2022, the number of smartphones users are 6.648 billion globally is 83.89 % of the population. Moreover, there are 7.92 billion mobile connections in the world. It is predicted that by 2025, 72 % of all internet users will access the internet only through their smartphones. Such rising usage of the internet and smart devices is expected to drive the content delivery network market growth.
Competitive Landscape -
Major companies operating in the content delivery network market report are Akamai Technologies, Microsoft Corporation, Google LLC.,AT&T Inc., Amazon Web Services Inc., Limelight Networks, Fastly Inc., Cloudflare Inc.,Verizon Communications Inc. , IBM Corporation, Tata Communications Ltd., OnApp Limited,Quantil Inc., Alibaba. com, Citrix Systems, CenturyLink Technology Singapore Pte. Ltd, Lumen Technologies, StackPath LLC., Deutsche Telekom AG, G-Core Labs S. A, Rackspace Technology, Tencent Cloud, Kingsoft Corporation Ltd., iScaler Ltd., Imperva Inc., CDNetworks Co. Ltd., DataCamp Limited, Sucuri Inc., CacheNetworks LLC., Leaseweb, Internap Holding LLC.
Global Tech Giants Forge Strategic Alliances To Drive Cdn Market Expansion And Digital Transformation
The agreement and collaboration among the companies is a key trend gaining popularity in the content delivery network market. These agreements and collaborations are intended to aid in the creation, transfer, and implementation of new techniques, as well as the execution of collaborative projects that emphasize collaboration, peer learning, and experience sharing. In March 2021, Ingram Micro Cloud, a US-based company announced a new global strategic collaboration agreement with AWS. Ingram Micro Cloud and AWS will accelerate initiatives to grow reach and footprint in existing geographic regions and expand into new geographic markets throughout EMEA, LATAM, and ASEAN countries during this multi-year worldwide partnership. Through the Ingram Micro Cloud Marketplace, Ingram Micro Cloud hopes to increase AWS adoption with emerging ISVs while also encouraging more adoption of AWS solutions among SMB clients. In March 2021, Deutsche Telekom a German-based company announced a partnership agreement with Amazon Web Services to help businesses manage their digital transformations more quickly, efficiently, and securely. T-Systems cloud solutions will provide customers with speedier application cloud migration, compute and storage solutions, and increased security.
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Key Segments -
The content delivery network market covered in this report is segmented -
1) By Content Type: Static Content, Dynamic Content
2) By Component: Solution, Services
3) By Provider Type: Traditional CDN, Cloud CDN, P2P CDN, Telecom CDN
4) By End-User: Media And Entertainment, Advertising, E-Commerce, Healthcare, Business And Financial Services, Research And Education, Other End-users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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