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Visiongain Publishes Content Delivery Network (CDN) Market Report to 2031

31 March 2021

Visiongain has published a new report on Content Delivery Network (CDN) Market Report to 2031: Forecasts by Component (Solutions {Cloud Security, Media Delivery, Web Performance Optimization}, Services), By Content Type (Static Content, Dynamic Content {On-Demand Streaming, Live Streaming}), by Service Provider (Telco Content Delivery Network, Cloud Services Providers, Traditional Content Delivery Network, Others), By Industry Vertical (BFSI, IT and Telecom, Media & Entertainment, Gaming, Retails & E-Commerce, Education, Others). PLUS, Profiles of Content Delivery Network Companies, and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

The global content delivery network market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.

Content delivery network (CDN) is a distributed computing infrastructure wherein the proxy servers and data centers are resided at multiple points to provide high availability and performance. The CDN helps in delivering the pages and other web content to a user, based on the geographic locations of the user. Rising demand for optimizing website performance for enhancing QoE and QoS, demand for 4K/8K UHD resolution video content, and demand for online gaming are the factors driving the growth of the content delivery network market. The market seeks growth opportunities from the commercialization of 5G technology and growing demand for casting CDN among smartphone users. However, concerns about security and privacy and lack of proper network infrastructure and connectivity are some of the factors hampering the market growth during the forecast period.

COVID-19 Impact on Content Delivery Network Market
The COVID-19 outbreak is having a significant impact on the content delivery network market. The cloud computing technology and Internet-based services such as on-demand gaming and video services have witnessed a surge in usage during the pandemic. Content delivery networks utilize specialized and geographically dispersed servers to accelerate the delivery of content by caching it in multiple locations and fulfilling requests with the closest server. The CDN witnessed high demand during the pandemic to ensure higher availability, performance, and efficient & secured delivery of digital content to the Internet services. Moreover, the adoption of work from home initiatives further increased the need for CDNs. Thus, the COVID 19 had a positive impact on the CDN market, which is expected to continue even post pandemic significantly.

Market Drivers

Rising Demand for Optimizing Website Performance for Enhancing QoE and QoS
Customer satisfaction is crucial for any company to obtain a competitive advantage in the market. With intense competition prevalent in the market, companies in the market are emphasizing on optimizing their website performance to obtain a competitive advantage. Poor website performance may lead to reduced QoE, QoS, and customer conversion rate. Content delivery networks help enterprises to increase website speed. The CDN caches the website on a global network of servers and routes the browsers requests to the closest server decreasing the website load time and increasing the QoE and QoS.

Growing Demand for 4K/8K UHD Resolution Video Content
Internet-based services such as OTT, on-demand video & gaming, cloud TV, and live TV are witnessing a surge in usage. Customers are demanding 4K/8K UHD resolution video content. Media & entertainment companies are focusing on offering rich and high-quality media content resolution to gain the customers' interest. Moreover, growing usage for social media platforms has also increased sharing and demand for rich media content with UHD resolution. However, high bandwidth is required for such UHD resolution, which creates a burden on the existing network. CDNs help in providing the required availability and performance of the media content, thereby driving the market growth.

Market Opportunities

Commercialization of 5G Technology
5G technology is commercializing rapidly across various parts of the world. The US, South Korea, and China are the leading countries to develop and deploy 5G technology. The promising technology offers reduced latency, high bandwidth and capacity when compared to 4G. The seamless and reliable Internet connectivity provided by the 5G technology is expected to provide substantial growth prospects of content delivery network market during the forecast years. With the commercialization of 5G, the Internet traffic and consumption of Internet-based services is expected to rise, thereby driving the need for CDN solutions and services.

Growing Demand for Casting CDN Among Smartphone Users
Casting technology allows the user to share the content from smartphones to TV. The growing usage of on-demand Internet-based services such as video streaming and gaming has increased the demand for casting among consumers. Casting technology allows the user to view the content which is streaming on the smartphone to the smart TV. However, casting content on smart TVs requires high-speed of the content which is delivered on smartphones with increased reliability, thereby driving the need for edge CDNs.

Competitive Landscape
The content delivery network market is highly competitive. The key market players are highly focused on innovating its content delivery network solutions with advanced capabilities to boost the customer experience. Furthermore, the key players also emphasize on collaborations and acquisitions strategies to strengthen its offerings and position in the market. Some of the companies profiled in the report include Akamai Technologies Inc., CenturyLink, Limelight Networks, Inc., CDNetworks Co, Ltd, Tata Communications Ltd, Fastly Inc., StackPath, LLC, Verizon Communications, Inc., Amazon Web Service, Inc., and AT&T Inc.

Jan 2020, Fastly Inc. launched cloud optimizer, to enable critical and high-traffic content delivery. The cloud optimizer offers customers with multi-cloud or multi-CDN architectures across various verticals to provide real-time control and visibility which is required to make informed business decisions without any need to re-architect network infrastructure.

November 2019, CenturyLink, Inc., launched CDN Edge Compute, a content delivery network platform which allows enterprises to create highly responsive and more secure personalized web application experiences. The platform provides developers with a flexible and open architecture to design, configure and deploy custom web application workloads at the edge.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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