Market Overview

The content delivery network (CDN) market was valued at USD 9.24 billion in 2018, and it is expected to reach a value of USD 38.97  billion by 2024, at a CAGR of 27.30%, over the forecast period (2019-2024). Growing demand for rich video content, among the increasing online users, and the trend of digitization in organizations across the end-user verticals boost the overall CDN market demand.

• According to Cisco’s visual networking index, IP video is projected to have 79% of the online traffic, by 2018. This suggests the growing trend of online video services. Online gaming is one of the major areas where CDN is gaining prominence. Gaming companies are increasingly investing in CDN to deliver high-quality content for ensuring a better user experience.
• With an increase in usage of the internet and smart devices, an enormous amount of data is being generated on a daily basis, which needs to be smartly managed. Web-performance-optimization solutions are aimed at reducing latency. The success of these solutions will increase the demand from major retailers, and the media and entertainment industry.

Scope of the Report

A content delivery network (CDN) refers to a distributed group of servers, which provides quick delivery of internet content. CDN enables the transfer of different features required for loading internet content, such as HTML pages, javascript files, images, and videos. Moreover, CDN helps to handle large internet traffic by diverting the users to different servers, thereby load is distributed efficiently. It also helps to provide solutions and services to different end-user verticals.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Media Delivery is Expected to Have a Significant Market Share

• The total world population using the internet stands at 56.3%, which is responsible for the growing online content. The advent of 4K/UHD televisions, high-definition content supporting smart gadgets, and improving connectivity are raising the expectations of the viewers for high-quality content. 
• Many media organizations are making a transition toward digital distribution model. These transitions present a great market opportunity for CDN vendors. CDN vendors are increasingly focusing on the techniques for web performance optimization, to cater to the mobile and dynamic content requirements.
• The amount of mobile traffic for media-related services accounted for about 45%, which is further expected to increase. The need for content to be mobile-compatible is expected to increase, owing to the expected growth of consumed data to about 4.5 GB per month, which is currently at 900 MB on average.
• The data volume of CDN is increasing due to the advent of peer-to-peer technology (p2p), 5G, wearable devices, IoT, virtual reality, augmented reality, and advancing technological innovation.

To understand key trends, Download Sample Report