The global content delivery network market is anticipated to grow at a significant CAGR of 23.1% during the forecast period. A content delivery network is a distributed network of proxy servers that by routing content requests to the closest servers maximize bandwidth, and speed up page loads. The content delivery network offers a wide range of services such as video streaming, web and mobile content delivering, software downloads, transparent caching, load balancing, cloud intelligence, and many more. Web objects (text, graphics, and scripts), downloadable objects (media files, software, documents), applications (e-commerce, portals), real-time streaming data, on-demand streaming media, and social networks all use CDNs nowadays. When an end-user requests a specific web page, video, or file, the server closest to that user is dynamically chosen and used to deliver the content, boosting delivery speed. Even during peak demand, content may be copied on hundreds or thousands of servers to give identical content to as many consumers as feasible. The increasing use of internet services and the rising trend of smartphones and social media are some of the major factors contributing to the growth of the global content delivery network market. 

Impact of COVID-19 Pandemic on Global Content Delivery Network Market

The global pandemic has caused significant changes in how businesses function and innovate. Due to the COVID-19 pandemic, hundreds of millions of kids were forced to return home. For many people, working from home has become the only choice. Cloud enterprises have become the backbone of a global virtual learning and cooperation experiment on a scale never seen before in this crisis. Fortunately, cloud providers are surviving the pandemic stress test brought on by an unexpected increase in workloads and waves of new, untrained customers. COVID-19 has resulted in a 775% increase in cloud service demand, according to Microsoft. The pandemic affected the content delivery network market positively by increasing the demand for internet services and growing digitization. 

Segmental Outlook 

The global content delivery network market is segmented based on content type and verticals. Based on content type, the market is bifurcated into static content and dynamic content. Further, based on verticals, the market is segmented into e-commerce, BFSI, healthcare, media and entertainment, and others. The media & entertainment segment is expected to grow at a considerable rate during the forecast period. The media & entertainment segment is leveraging content delivery network solutions for providing a secure and good quality viewing experience to the users. There is an increasing demand for high-quality visual customers among the increasing number of online customers which spurs the growth of the market. 

Global Content Delivery Network Market Share by Content-Type, 2021 (%)

The Dynamic Content Segment is Expected to Hold a Prominent Share in the Global Content Delivery Network Market

By content type, the global content delivery network market is bifurcated into static content and dynamic content. Dynamic content is expected to grow at a significant rate during the forecast period. It is due to the emerging apps and websites that provide live video streaming as well as content on demand. These sites and apps provide content with real-time changes. A rapid rise in video content is expected to be one of the major factors contributing to the segmental growth of the market. There is an increasing demand for high-quality videos among users which further spurs the growth of content delivery network services for dynamic content; thereby, contributing to the market growth. 

Regional Outlooks

The global content delivery network market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North American region is anticipated to be the fastest-growing region in the content delivery network market owing to the high internet penetration rate in the region. Furthermore, increasing demand for video content and the rising trend of social media in the region are supporting the growth of the market. Moreover, Asia-Pacific is expected to hold a prominent share in the market during the forecast period owing to the increasing e-commerce and social media market in the region.

Global Content Delivery Network Market Growth, by Region 2022-2028

The Asia-Pacific Region is Anticipated to hold the Prominent Share in the Global Content Delivery Network Market

The Asia-Pacific region is anticipated to hold a prominent share of the content delivery network market during the forecast period. Rapidly growing implementation and requirement for a content delivery network in developing countries such as China, Japan, and South Korea, is likely to offer significant regional growth. The growth in the Asia-Pacific content delivery network market can be attributed to rising content consumption in these developing countries. Furthermore, the market is undergoing disruptive growth as a result of an increase in internet customers and increased internet consumption via smartphones and other portable devices.

Market Players Outlook

The major companies serving the global content delivery network market include Akamai Technologies Inc., Amazon Web Services, inc., AT&T Inc., Google LLC, and Microsoft Corp., among others. The companies are focusing on product innovations, expansions, mergers and acquisitions, and finding a new market in their core competency to expand individual market share. For instance, Akamai Technologies, Inc. and Mitsubishi UFJ Financial Group formed the Global Open Network, Inc. in May 2019 to create a new blockchain-based online payment network that enables next-generation transaction security, scale, and responsiveness.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global content delivery network market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.