Market Size of Cloud CDN Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.95 Billion |
| Market Size (2029) | USD 32.43 Billion |
| CAGR (2024 - 2029) | 24.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cloud CDN Market Analysis
The Cloud CDN Market size is estimated at USD 10.95 billion in 2024, and is expected to reach USD 32.43 billion by 2029, growing at a CAGR of 24.27% during the forecast period (2024-2029).
- The cloud platforms allow users to provide services such as distributed denial-of-service (DDoS) protection, streaming video, web application firewalls, and e-commerce optimization.
- The increased dependence on cloud services, integration of IT applications and services, and a proliferation of mobile and connected devices coupled with the shift of content and advertising to the online world are some factors that would contribute to the growth of the Cloud CDN market over the forecast period.
- The rising demand for content delivery at higher speeds became one of the prominent factors fueling the growth of the Cloud CDN market.
- With the internet now being the basic necessity for an individual, the growing volume of data consumption over the internet opened up a potential opportunity for Cloud CDN providers, thereby boosting the market during the forecast period.
- Furthermore, the adoption of cloud in enterprises is primarily due to flexibility, scalability, and cost-effectiveness. Since the COVID-19 outbreak and subsequent lockdowns, the network provider saw unprecedented growth in traffic volumes. There were many efforts from communications service providers (CSPs) to ramp up network capacity and connectivity, while video streaming providers downgraded video to SD quality to decrease the bandwidth needs.
- However, according to certain experts, CDNs are only sometimes consumed by businesses in the best possible manner. The vendor, however, may have limitations with regard to coverage and performance that clients may need to look into. Businesses tend to overprovision. As a result, they needed to be more compromising on their ability to develop top-performing and flexible content delivery sites, which is essential for their businesses. In addition to this, the video certainly poses a challenge, and this is because, in the video, format matters a great deal. IPads, desktops, and laptops follow different protocols, so caching a video can present issues.
