Content Delivery Network Market Size, Share & Trends Analysis Report By Service (Standard CDN, Video CDN), By Solutions (Media Delivery, Cloud Security), By Service Provider, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Content Delivery Network Market Size, Share & Trends Analysis Report By Service (Standard CDN, Video CDN), By Solutions (Media Delivery, Cloud Security), By Service Provider, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Content Delivery Network Market Growth & Trends

The global content delivery network market size is expected to reach USD 95.37 billion by 2030, registering a CAGR of 23.6% during the forecast period, according to a new report by Grand View Research, Inc. The major factors expected to drive the market’s growth are rising demand for advanced technologies such as Augmented Reality (AR) and Artificial Intelligence (AI), increasing accessibility and affordability of mobile and broadband networks, reducing costs, and increasing demand for affordable smartphones and data plans, are giving the opportunities to the market players to launch advanced CDN solutions.

The increasing population and the advancements in network technologieslead to high content consumption, there by increasing the demand for efficient CDN solutions. Furthermore, the digitalization of the media andentertainment industry is boosting the overall market growth. However, data security and information privacy are likely to limit market growth. Several initiatives have been taken by the government in different countries to provide high-speed internet facilities in both rural and urban areas and also the recent improvements in internet speed have increased data consumption.

This has led to cause congestion and latency issues, and rise in internet traffic, and created massive growth in the demand for CDN solutions to provide efficient content delivery to the end users. This has a direct impact on the enterprises where daily operations and businesses depend on the delivery speed of the content, webpage performance, and the time taken for a webpage to load, by which they can strengthen their business. This has compelled organizations to utilize CDN solutions for driving process optimization and delivering better customer experience and service.

Content Delivery Network Market Report Highlights

• The web performance optimization segment accounted for the largest revenue share of around 39.7% in 2022, due to the growing demand for Quality of Experience (QoE) and Quality of Service (QoS)
• The peer-to-peer service provider segment is expected to grow considerably at a fastest CAGR from 2023 to 2030 due to the rising demand for network optimization, content acceleration, and media delivery
• Increasing volumes of online content due to extensive usage of various social media platforms necessitate peer-to-peer CDN solutions for network optimization and content delivery.

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