[134 Pages Report] MarketsandMarkets forecasts the Content Delivery Network Market to grow from 12.4 billion in 2019 to USD 22.1 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period. The CDN market has witnessed substantial growth due to several driving factors including the rising demand for enhanced Quality of Experience (QoE) and Quality of Service (QoS), proliferation of video and rich media over websites, and increasing demand for enhanced video content and latency-free online gaming experience.

Attractive opportunities in the CDN Market

Content Delivery Network Market Dynamics

Proliferation of video and rich media over websites

Incorporation of content and rich media in the marketing strategy is the trend among organizations to capture the interest of their customers. Online marketers are persistently finding methods to improve their content with better quality. Rich media offers such opportunity to them by providing dynamic elements, which in turn, give an enriched and enhanced user experience. Rich media is incorporated into many companies to advertise their products by using video and audio elements that engage users and generate their interest. Today, video comprises more than 50% of the overall data consumed over the internet, which is expected to increase up to 80% during the forecast period. Increasing adoption of the internet, due to the easy availability of low-cost bandwidth has given rise to various types of video formats, which are delivered over different platforms. The demand of various video formats, such as on-demand video streaming, live video streaming, cloud TV, and Over the Top (OTT), has been increasing in the past few years and will continue to increase in the coming years. In addition, the explosion in the use of social networking sites is also one of the major reasons for the increase in video and other rich content, such as photos, animations, and text over the internet. Activities such as transferring, sharing, and posting rich media files, by the content providers as well as individuals have increased the burden on the existing networks. Therefore, the rising consumption of web-based, high-definition videos is the major factor contributing to the increase in the adoption of CDN.

Content Delivery Network Market: Research Design

Based on content type, the dynamic content segment is expected to lead the Content Delivery Network Market in 2019

Dynamic content can also be termed as streaming media. The content changes on a real-time basis. It can be live, such as live sports, news broadcast, and concerts, as well as on-demand in which the encoded data is stored in streaming media server and is made available on request from the client. In on-demand content, different content types can be requested for, such as audio, video, and music clips. Increasing video content is expected to be the main reason for the proliferation of the CDN market. High-quality videos need to be delivered to the users, irrespective of their location and the distance between the content creators and users. Here, CDN plays a vital role by using the geographically distributed network of connected servers. These servers deliver on-demand live videos to users� devices. The videos are of high quality and are accessible on-demand on web-connected devices.

CDN solutions help in offering effective performance and delivering small and large video content to customers in a shorter period. The video content is transcoded, which manages the bandwidth while also maintaining the quality of the videos. The increase in demand for uninterrupted video and website content is expected to continue to reflect on the growth of the CDN market.

Based on component, the solutions segment is expected to hold a larger market share in 2018 and is expected to grow with the highest CAGR during the forecast period

This section covers the core solution segment, which is further divided into web performance optimization, media delivery, and cloud security. The maximum volume of data or content accessible on the internet nowadays is consumed through CDN. Users have no patience to wait for the content to buffer, and this challenge has made content delivery even more crucial for organizations. The increasing digitalization across the globe is expected to drive the adoption of CDN solutions. The digitalization trends, such as BYOD, CYOD, mobility, and social media marketing, have eased the operation of organizations and increased the traffic over the existing networks. Moreover, the availability of low-cost bandwidth has made the internet accessible to every individual, which has also changed the data consumption trend dramatically. Furthermore, the advent of social media and mobile apps has extensively added to data consumption. Organizations are leveraging the social media to post their videos and non-video content and publish ads and banners on third-party sites. The organizations uses an appropriate CDN solution to deliver its content to the target customers, with a better QoE. Market vendors such as Akamai, Microsoft, Google, AWS, Cedexis, CDN77, CDNetwork, Internap, Cloudflare, Rackspace, Verizon, StackPath, and Fastly, offer core solutions in the CDN market.

The media and entertainment vertical to lead the Content Delivery Network Market in 2019.

The media and entertainment segment is utilizing full capabilities of CDN solutions to offer secure and best quality viewing experience to its users. The growth of this segment is characterized by increasing demand for online video streaming. The online customers expect high-quality visual content on any device with better visibility and no interruption. CDN solutions help in lowering the delay and optimize the overall content delivery process. Hence, viewers get a high-quality viewing experience, and this, in turn, increases the revenue for the media and entertainment enterprises. These enterprises are transforming their business models to accommodate their global viewers. Online viewers have a wide variety of entertainment content options to choose from. The enterprises operating in this segment use CDN solutions to offer their users with content accessibility over devices, irrespective of their location.

The Asia Pacific (APAC) CDN market is projected to grow at the highest CAGR during the forecast period

The APAC CDN market is projected to grow at the highest CAGR during the forecast period. APAC includes countries such as India, China, Australia, South Korea, and Japan. The APAC CDN market is experiencing a disruptive growth due to its growing number of internet subscribers and consumption of internet over smartphones and other portable devices. The market is expected to grow at an even higher rate than present due to the ever-increasing consumption of content in emerging economies such as India, China, Japan, Hong Kong, and Singapore. Moreover, the massive growth in the eCommerce industry and the adoption of internet TV in countries such as India, China, Korea, and Singapore have fuelled the CDN market, making APAC one of the fastest-growing regions in the CDN market. All major CDN vendors have their data centers installed in APAC to cater to this demand.

Key Content Delivery Network Market Players

Limelight Networks (US), AWS (US), Akamai Technologies (US), Google (US), Deutsche Telekom (Germany), AT&T (US), Microsoft (US), IBM (US), Quantil (US), StackPath (US), Fastly (US), Cloudflare (US), G-Core Labs (Luxembourg), Verizon Digital Media Services (US), OnApp Limited (UK), Broadpeak (France), CenturyLink (US), Citrix Systems (US), NTT Communications (Japan), Comcast Technology Solutions (US)

Scope of the Content Delivery Network Market Report

Report Metrics Details Market size available for years 2017-2024 Base year considered 2017 Forecast period 2018-2024 Forecast units Billion (USD) Segments covered Content Type (Static and Dynamic), Component (Solutions and Services), Provider Type (Traditional CDN, Telco CDN, Cloud CDN, P2P CDN, Othet Key Innovators), Application Area (Media and Entertainment, eCommerce, eLearning, Online Gaming, Healthcare Services and Enterprises), and Region Geographies covered North America, Europe, APAC, MEA, and Latin America Companies covered Limelight Networks (US), AWS (US), Akamai Technologies (US), Google (US), Deutsche Telekom (Germany), AT&T (US), Microsoft (US), IBM (US), Quantil (US), StackPath (US), Fastly (US), Cloudflare (US), G-Core Labs (Luxembourg), Verizon Digital Media Services (US), OnApp Limited (UK), Broadpeak (France), CenturyLink (US), Citrix Systems (US), NTT Communications (Japan), Comcast Technology Solutions (US)

The research report categorizes the Content Delivery Network Market to forecast the revenues and analyze trends in each of the following subsegments:

By Content Type

Static Content

Dynamic Content

By Component

Solutions

Services

By Provider Type

Traditional CDN

Telco CDN

Cloud CDN

P2P CDN

Other Key Innovators

By Application Area

Media and Entertainment

Online Gaming

eCommerce

eLearning

Healthcare Services

Enterprises

By Region

North America US Canada

Europe UK Germany France

APAC China Japan South Korea

MEA Middle East Africa

Latin America Brazil Argentina



Recent Developments

In April 2019, AWS enhanced Amazon CloudFront�s security, and now it requires to attach SSL/TSL certificate when one adds an alternate domain name to a distribution.

In April 2019, Akamai partnered with Microsoft Azure and Blob Storage. The partnership would make it easier and more cost-effective for media organizations to combine cloud-based video processing with edge delivery.

In April 2019, Google partnered with Deloitte to expand its partnership with Deloitte to bring the cloud to more industries including healthcare and life sciences, financial services, and retail.

In April 2019, Deutsche Telekom partnered with G&L GmbH to strengthen its content delivery and web security solutions. G&L GmbH will enable comprehensive services in the areas of design, integration, management, and operations.

In Febuary 2019, European Organization for Nuclear Research (CERN) partnered with Limelight Networks to use Limelight Networks� CDN to live stream important scientific discoveries to physicists and engineers across the globe.

Critical questions the report answers:

Where will all these developments take the industry in the long term?

What are the upcoming trends for Content Delivery Network Market?

Which segment provides the most opportunity for growth?

Who are the leading vendors operating in this market?

What are the opportunities for new market entrants?

Frequently Asked Questions (FAQ):

What is growth rate of CDN market in the next five years? The global CDN market size is expected to grow from USD 12.4 billion in 2019 to USD 22.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period. What region holds the highest market share in the CDN market? North America has the highest market share in the CDN market, with the region contributing approximately 31% to the global market. Which are the major application areas in the CDN market? Media and entertainment, online gaming, and eCommerce are the major application areas in the CDN market. What are the key vendors in the CDN market? Limelight Networks (US), AWS (US), Akamai Technologies (US), Google (US), Deutsche Telekom (Germany), AT&T (US), Microsoft (US), IBM (US), Quantil (US), StackPath (US), Fastly (US), Cloudflare (US), G-Core Labs (Luxembourg), Verizon Digital Media Services (US), OnApp Limited (UK), Broadpeak (France), CenturyLink (US), Citrix Systems (US), NTT Communications (Japan), and Comcast Technology Solutions (US). .

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