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Content Delivery Network (CDN) Market Research 2019-2024: Company, Industry Type, Drivers, Challenges and Competitors by Industry Size, Forecast

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Content Delivery Network (CDN) Market Research 2019-2024: Company, Industry Type, Drivers, Challenges and Competitors by Industry Size, Forecast

Press Release

Content Delivery Network (CDN)

This “Content Delivery Network (CDN) Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Content Delivery Network (CDN) market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The content delivery network market (CDN) was valued at USD 9.24 billion in 2018 and is expected to reach a value of USD 38.97 billion by 2024 at a CAGR of 27.30%, over the forecast period (2019-2024). Rising demand for rich video content among the increasing online users and the trend of digitization among the organizations across the end user verticals boosts the overall CDN market demand.
  • – According to Cisco’s visual networking index, IP video is projected to have 79% of online traffic by 2018. This suggests the growing trend of online video services. Online gaming is one of the major areas where CDN is gaining prominence. Gaming companies are increasingly investing in CDN to deliver high-quality content for ensuring a better user experience.
  • – With an increase in usage of the internet and smart devices, an enormous amount of data is being generated on a daily basis, which needs to be smartly managed. Web-performance-optimization solutions are aimed at reducing latency. The success of these solutions will increase the demand from major retailers, and the media and entertainment industry.

    Content Delivery Network (CDN) Market Covers Manufacturers:

  • Amazon Web Services Inc.
  • Akamai Technologies Inc.
  • Google LLC.
  • Verizon Digital Media Services (Oath Inc.)
  • Limelight Networks Inc.
  • CDNetworks Co. Ltd
  • Fastly Inc.
  • StackPath LLC
  • Edgemesh Inc.
  • Tata Communications

    Scope of the Report:

  • A content delivery network (CDN) refers to a distributed group of servers which provides quick delivery of internet content. A content delivery network (CDN) enables the transfer of different features required for loading internet content such as HTML pages, javascript files, images, and videos. Moreover, CDN helps to handle large internet traffic by diverting the users to different servers, thereby load is distributed efficiently.CDN helps to provide solutions and services to different end-user verticals.

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    Key Market Trends:

    Media Delivery is Expected to Have a Significant Market Share

    – The total world population using the internet stands at 56.3%, which is responsible for the growing online content. With the advent of 4K/UHD televisions, high definition supporting smart gadgets and improving connectivity are rising the expectations among the viewers for high-quality content.
    – Many media organizations are making a transition toward digital distribution model. These transitions present a great market opportunity for CDN vendors. CDN vendors are increasingly focusing on the techniques for web performance optimization, in order to cater to the mobile and dynamic content requirements.
    – The amount of mobile traffic for media-related services accounted for about 45%, which is further expected to increase. The need for content to be mobile-compatible is further expected to increase, owing to the expected growth of consumed data to about 4.5 GB per month, which is now at an amount of 900 MB on average.
    – The data volume of CDN is increasing due to the advent of Peer-to-peer technology (p2p), 5G, Wearable Devices, IoT, Virtual Reality, Augmented Reality and much more technological innovation.

    North America Holds the Largest Share in Content Delivery Network Market

    – North America has a high internet penetration rate, which is expected to aid the growth of content in that region. With the presence of the market leaders and early adoption of technologies across various end-user verticals, North America stood as the leading regional market and is expected to continue its dominance, over the forecast period.
    – The number of viewers for online gaming content has also been increasing consistently. The growth of gaming video content has also been increasing, which is further contributing to the growth of CDN around the world.
    – In the United States, the usage of Paytv has also been reducing and increasing number of consumers have been identified to prefer online media content to Paytv. Off late, cord cutting has been accelerating and about 22.2 million cord cutting are expected to be done in the coming years, emphasizing the shift toward on-demand content.

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    Target Audience of Content Delivery Network (CDN) Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Content Delivery Network (CDN) Market Report:

    • Analyzing various perspectives of the Content Delivery Network (CDN) market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Content Delivery Network (CDN) market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Content Delivery Network (CDN) market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Content Delivery Network (CDN) market studied, during the forecast period
    • The segments that are expected to dominate the Content Delivery Network (CDN) market studied.

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