DUBLIN–(BUSINESS WIRE)–Jan 28, 2021–
The "Content Delivery Network Market by Component (Solutions and Services), Content Type (Static and Dynamic), Provider Type (Traditional CDN, Telco CDN), Application (Media and Entertainment, Online Gaming, Healthcare), and Region – Global Forecast to 2025" report has been added to ResearchAndMarkets.com’s offering.
The Content Delivery Network (CDN) market size is projected to grow from USD 14.4 billion in 2020 to USD 27.9 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 14.1% forecast period.
The major factors driving the growth of the CDN market include the rising need for effective solutions to enable live and uninterrupted content delivery over a high-speed data network, increasing demand for enhanced QoE (Quality of Experience) and QoS (Quality of Service), the proliferation of video and rich media over websites, increasing demand for enhanced video content and latency-free online gaming experience, and increasing internet penetration and adoption of mobile devices leading to rising opportunities for mobile CDN.
Based on component, the solutions segment is expected to lead the CDN market during the forecast period.
The solutions segment of the CDN market is segmented 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.
Based on solutions, the media delivery segment is expected to lead the CDN market during the forecast period.
Media delivery includes rich media files, such as audio streaming, live videos, video streaming, and other such content. It requires high bandwidth allocation and needs to maintain the quality of user experience, which may get disrupted due to network congestion or high traffic rates. The media delivery solution focuses on delivering media content to the end-user at a much faster pace, thus reducing the latency time. The trend of online media streaming is growing along with the rising number of online media viewers; where the viewers expect a flawless viewing experience and instant access to High Definition (HD) content on any device.
Based on provider type, the traditional CDN segment is expected to lead the CDN market during the forecast period.
Traditional CDN providers include pure players in the CDN market. These players provide various CDN solutions, such as network optimization, content acceleration, and media delivery, for the delivery of static and dynamic content over the internet. Traditional CDN providers involve a large set of servers that are strategically deployed across the globe and balance the load on the existing networks.
Based on applications, the media and entertainment segment is expected to lead the CDN market during the forecast period.
The media and entertainment segment is utilizing the full capabilities of CDN solutions to offer a fast, secure, and uninterrupted viewing experience to its users. The growth of this segment is characterized by increasing demand for online video streaming. 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.
APAC is expected to grow at a higher CAGR during the forecast period.
The fastest growth rate of the APAC CDN market can be attributed to the ever-increasing consumption of content in these emerging countries. Moreover, the market is experiencing disruptive growth due to its growing number of internet subscribers and increasing consumption of the internet through smartphones and other portable devices. The eCommerce industry’s massive growth and adoption of internet TV in countries such as India, China, Korea, and Singapore have fueled the CDN market growth, 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 huge CDN demand.
Market Dynamics
Drivers
- Rising Need for Effective Solutions to Enable Live and Uninterrupted Content Delivery Over High-Speed Data Network
- Increasing Demand for Enhanced Qoe and Qos
- Proliferation of Video and Rich Media Over Websites
- Increasing Demand for Enhanced Video Content and Latency-Free Online Gaming Experience
- Increasing Internet Penetration and Adoption of Mobile Devices Leading to Rising Opportunities for Mobile Cdn
Restraints
- Complex Architecture and Concern About Qos
- Network Connectivity and Technical Difficulties in Live Video Streaming
Opportunities
- Rising Demand for Cloud-Enabled Services
- Increasing Demand for Integrated and Next-Generation Security Solutions and Services
- Growing Interest of Consumers in Ott Platforms and Vod for Entertainment
Challenges
- Data Security and Privacy Concerns
- Variations in Website Monetization and Applications
Companies Mentioned
- Akamai
- Alibaba Cloud
- Amazon Web Services
- AT&T
- Broadpeak
- Citrix Systems
- Cloudflare
- Comcast
- Deutsche Telekom
- Fastly
- G-Core Labs
- IBM
- Imperva
- Leaseweb
- Limelight Networks
- Lumen Technologies
- Microsoft
- NTT Communications
- OnApp
- Quantil
- Rackspace
- Stackpath
- Tata Communications
- Verizon Media
For more information about this report visit https://www.researchandmarkets.com/r/caoarf
View source version on businesswire.com:https://www.businesswire.com/news/home/20210128005665/en/
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SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 01/28/2021 08:55 AM/DISC: 01/28/2021 08:55 AM
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