Content Delivery Network Market size is expected to surpass USD 80 Billion by the end of 2035, witnessing around 24 % CAGR during the forecast period, i.e. 2023 – 2035. In the year 2022, the industry size of content delivery network was USD 19 Billion. Increasing volumes of data being generated and exchanged over the internet raises the need for an efficient content delivery network for a smooth rollout of data at high speed. By 2025, the amount of data being created and consumed globally is projected to reach almost 180 zettabytes, an increase from 95 zettabytes in 2022.
The popularity of content delivery networks has increased in recent years owing to the demand for decreasing the delays and loss of time in web pages and content loading. It is also beneficial in lowering the physical distance between the user and the server which increases the speed of internet surfing.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~24% |
|
Base Year Market Size (2022) |
~ USD 19 Billion |
|
Forecast Year Market Size (2035) |
~ USD 80 Billion |
|
Regional Scope |
|
Content Type (Static, Dynamic)
The dynamic segment is considered to hold lucrative opportunities for garnering a robust revenue and 59% of the global CDN market share by the end of 2035. Dynamic content has gained popularity owing to the penetration of real-time Voice Over IP (VoIP), video streaming, and online gaming which requires a content delivery network for performance optimization and fast delivery of webpages. There are 830,000 online games and 3 billion online gamers worldwide as of January 2023.
End-Use (Media & Entertainment, E-Commerce, IT & Telecom, Healthcare, Government, Advertisement)
The media & entertainment segment in the content delivery network market is expected to garner a significant share of around 46% in the year 2035. The media & entertainment industry is transitioning towards digitization which requires high-quality visual capabilities without any interruption primarily calling for optimization of the data and an efficient content delivery network.
Our in-depth analysis of the market includes the following segments:
|
Component |
|
|
Content-Type |
|
|
Solution |
|
|
Provider |
|
|
Services |
|
|
End-Use |
|
North American Market Forecast
The North America CDN market is attributed to garner the highest market share of 35%. The rising popularity of 4K resolution displays along with the rapid adoption of cloud-based services and the increasing penetration of high-speed data networks are some of the key factors supporting the growth of the market value. Furthermore, the presence of giant IT firms and the emergence telecom industry is also anticipated to create a positive outlook to expand the content delivery network sector size in the region.
The growth in the region is directed toward the increasing demand for smartphones and smart devices along with the high expenditure on security services and solutions
Asia Pacific Market Analysis
Furthermore, the content delivery network industry present in the Asia Pacific region is forecasted to hold a significant share of 28%. Emerging economies such as India, China, and Japan with rapid technological advancement in the networking infrastructure are poised to attract revenue generation. Also, the burgeoning population of the region along with the increasing users of Internet of Things (IoT) devices is estimated to favor market expansion in the projected timeline.
Author Credits: Abhishek Verma, Hetal Singh
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?