The global cloud content delivery network (CDN) market was worth USD 7.44 billion in 2023. The global market is foreseen to progress from USD 9.52 billion in 2024 to USD 68.62 billion by 2032, at a compound annual growth rate (CAGR) of 28.0% during the foreseen period.
A cloud content delivery network is a distributed network comprising proxy servers and data centers. It helps avoid network congestion and reduce latency by keeping data closer to users. The cloud content delivery network provides a cost-effective turbo boost. For the needs of the content delivery network, IBM has partnered with Akamai Technologies to create the fastest and most reliable content delivery network.
The rising need for mobile applications and increasing e-commerce and online shopping are majorly driving the global cloud content delivery network expansion. Besides, the increasing awareness related to monitoring customer transactions, recording sales, and calculating invoices is also boosting the demand in the market. With the increase in the use of the internet and smart devices, a huge amount of data is generated daily, which needs to be managed intelligently. Web performance optimization solutions aim to reduce latency. The success of these solutions will increase demand from large retailers and the media and entertainment industry.
Growing trends in VoD, online audio streaming, podcasts, and live web episodes have led to the adoption of cloud-based services, which provide users with uninterrupted access to the data they want to watch. Moreover, CDN cloud deployment plays an active role during peak hours by avoiding data traffic.
The world's Internet-using population is crossing 56%, which is promoting the expansion of online content. The advent of 4K/UHD TVs, HD content compatible with smart devices, and improved connectivity increases viewers' expectations for high-quality content.
Many media organizations are moving to a digital distribution model. These transitions present an excellent market opportunity for CDN providers, who are increasingly focusing on web performance optimization techniques to meet dynamic and mobile content requirements.
The volume of mobile traffic for media-related services was around 45%, which is expected to increase further. The need for mobile-friendly content is expected to increase due to the expected growth in data consumed to around 4.5 GB per month, currently 900 MB on average.
CDN data volume is increasing due to the advent of peer-to-peer (p2p) technology, 5G, wearable devices, IoT, virtual reality, augmented reality, and digital technology, and the advancement of technological innovation.
The launch of affordable smartphones and data plans, along with high-speed network deployments, also requires improved content delivery and creates demand for CDN solutions. The growing population, along with the advent of new network technologies, is also driving content consumption and requires effective content delivery solutions. The digitization of the media and entertainment industry is particularly stimulating market growth.
CDN solutions are widely used in the media and entertainment industry to support streaming of audio and video content. Customers want to see the content they want anytime, anywhere, and in the most appropriate format. The demand for original, high-quality content is increasing accordingly, and content consumption patterns are continually changing. This required effective CDN solutions to optimize network performance and improve content delivery. On the other hand, data security and information privacy issues are expected to limit market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
28% |
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Segments Covered |
By Component, Type, Organization Size, Vertical, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Akamai Technologies, Inc. (US), Google, Inc. (US), Level 3 Communications (US), Limelight Networks, Inc. (US), Amazon Web Services, Inc. (US), Alcatel—Lucent SA (France), Internap Corporation (US), Verizon Communications, Inc. (US), Ericsson (Sweden), CDNetworks (Korea), Tata Communications (India), and Highwinds (US) and Others. |
Depending on the component, the market is segmented into solutions and services. The solutions segment is further classified into Media Streaming, Cloud Security, and Web Performance Optimization. The services segment comprises analysis and monitoring, cloud storage, CDN design, support and maintenance, and others.
Because of the type, the worldwide market is separated into the video content delivery network and the non-video content delivery network.
Depending on the size of the organization, the market is segmented into small and medium-sized companies and large companies.
Based on the vertical, the market is segmented into advertising, online games, media and entertainment, e-commerce, education, health, and others.
The global cloud content delivery networks market is studied across Asia Pacific, North America, Europe, and the rest of the world. North America is expected to account for the majority of the market, while Europe is supposed to experience the fastest growth during the outlook period. The growth of the North American market is attributed to technological advancements and greater adoption of mobile devices with NFC services in various verticals.
Some of the major players in the global cloud content delivery network market are Akamai Technologies, Inc. (US), Google, Inc. (US), Level 3 Communications (US), Limelight Networks, Inc. (United States), Amazon Web Services, Inc. (United States), Alcatel - Lucent SA (France), Internap Corporation (United States), Verizon Communications, Inc. (United States), Ericsson (Sweden), CDNetworks (Korea), Tata Communications (India) and Highwinds (United States).
In February 2019, Amazon Web Services (AWS) recently extended its presence with two new edge locations in India for its Amazon Cloud Front and AWS Direct Connect offerings in the cities of Hyderabad and New Delhi.
In May 2018, Akamai Technologies Inc. launched the new Akamai connector for Salesforce Commerce Cloud. Commerce Cloud enables brands to deliver personalized experiences to shoppers that span the web, mobile, social media, and the store.
In April 2018, Edgemesh Inc. introduced Edgemesh 2.0, a next-generation adaptive and decentralized edge delivery system that enables easy content delivery and network security.
By Component
Solution
Services
By Type
Video CDN
Non-Video SDN
By Organization Size
SMEs
Large Enterprises
By Vertical
Advertising
Online Gaming
E-Commerce
Media & Entertainment
Healthcare
Education
By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Frequently Asked Questions
The increasing demand for rich media content, proliferation of IoT devices, rising adoption of cloud-based services among enterprises, and the need for faster content delivery across various industries such as media and entertainment, e-commerce, and gaming are major factors propelling the growth of the Cloud CDN market globally.
Technological advancements such as the integration of AI and machine learning algorithms for content optimization, the emergence of edge computing, and the development of secure and reliable CDN solutions are significantly impacting the Cloud CDN market, enhancing content delivery efficiency and security.
Regulatory frameworks such as GDPR in Europe and the California Consumer Privacy Act (CCPA) in the United States are influencing data handling practices and privacy standards for CDN providers, necessitating compliance measures to safeguard user data and ensure transparency in data processing activities.
Some emerging trends in the Cloud CDN market include the adoption of serverless architectures for content delivery, the integration of CDN services with edge computing platforms, the implementation of blockchain technology for enhanced security and transparency, and the proliferation of CDN-as-a-Service (CDNaaS) offerings catering to diverse business requirements.
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