Content Delivery Network (CDN) Market (By Solutions: Cloud Security, Media Delivery, Web Performance; By End-User: Media and Entertainment, E-Commerce, Advertising, Healthcare, Financial Services, Research & Education, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global content delivery network (CDN) market size was exhibited at USD 19.71 billion in 2022 and is projected to hit around USD 105.99 billion by 2032, growing at a CAGR of 18.32% during the forecast period 2023 to 2032.

Key Pointers:

• North America generated more than 32% of revenue share in 2022.
• By solutions, the media delivery segment captured more than 37% of revenue share in 2022. 
• By end-user, the media and entertainment segment generated more than 42% of revenue share in 2022.

Content Delivery Network (CDN) Market Report Scope

The COVID-19 pandemic has directly affected the market as the content delivery network vendors rely on several economic factors, such as vibrant financial markets, the flow of liquidity, and capital from financial institutes, for their revenue. Despite these factors, the CDN market is expected to witness steady growth over the forecast period due to the increasing volumes of data being exchanged on the internet in line with the continuous rollout of high-speed networks.

Numerous organizations globally are not renewing their on-premise CDN service subscriptions as they have shifted to working remotely due to the pandemic. Content delivery network solutions are extensively used in the media and entertainment industry to boost audio and video content delivery. The continuous evolvement of content consumption and the need for high-quality and original content has catered to the need for efficient CDN solutions that can improve network performance and enhance content delivery. The growing demand for Over the Top (OTT) and Video-on-Demand (VOD) services will ensure continuous content delivery over a high-speed data network and is expected to boost the growth of the market over the forecast period.

The global e-commerce industry is continuously evolving in line with the evolving consumer behavior. CDN solutions are effectively deployed in e-commerce industries to ensure that the industries operate efficiently at full capacity and that customers have access to all the necessary data to make an informed buying choice. Customers are shifting from traditional television to video content delivery over a cellular network, as CDN solutions are also being deployed in that domain to improve content delivery. Simultaneously, the application of digital solutions based on IoT networks and artificial intelligence across various industries is driving market players to develop and promote customized industry-specific CDN solutions.

The growing adoption of OTT and VOD services involves broadcasters offering latency-free data over the network and enhancing the quality of video delivery. The continuous investments in network infrastructure worldwide, especially in emerging economies such as India, have improved the overall network connectivity, bandwidth, and coverage. These developments have been instrumental in ensuring consumers can stay connected, get instant updates, and retrieve readymade media data. This is a driving factor for broadcasters to enhance content delivery while delivering diversified data for consumption across several applications.

Additionally, digital marketing preferences and online gaming are growing considerably, particularly in countries, such as India and China. The advancements in technology coupled with the smart city initiatives and impending rollout of 5G networks are also key driving factors for the growth opportunities for the content delivery network market in the forthcoming years. At this juncture, major platform providers and companies are increasingly pursuing vertical and horizontal integration initiatives to withstand the intense competition. As such, organizations that are commonly known for offering technology solutions are shifting towards content market space.

North America held the largest revenue share of over 32%in 2022. The region has the highest internet penetration, and the rising popularity of the 4K resolution display region are the key factors supporting the regional market growth. These provide a robust CDN infrastructure for the efficient delivery of data. Moreover, the rapid adoption of cloud-based services, the introduction of high-speed data networks, and increasing demand for smartphones are expected to impact the regional market growth directly. A surge in leisure spending is also the major factor contributing to the adoption of CDN solutions in the region.

Asia Pacific is anticipated to witness the fastest CAGR over the forecast period, due to the presence of emerging economies, such as India and China, and is also one of the fastest-growing consumer markets. Moreover, the growing population and number of viewers for online gaming content have resulted in an increased demand for technological advancements in networking infrastructure to fulfill the needs for online media consumption. Several initiatives have been taken by the regional governments, such as Digital India, which have enabled fast and secure management of data delivery, owing to which the usage of CDN solutions is expected to increase.

Some of the prominent players in the Content Delivery Network (CDN) Market include:

• Amazon Web Services Inc. 
• Akamai Technologies Inc. 
• Google LLC 
• Cloudflare 
• Limelight Networks Inc. 
• CDNetworks Co. Ltd. 
• Fastly Inc. 
• StackPath LLC 
• Edgemesh Inc. 
• Tata Communications

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Content Delivery Network (CDN) market.

By Solutions

• Cloud Security
• Media Delivery
• Web Performance

By End-User  

• Media and Entertainment
• E-Commerce
• Advertising
• Healthcare
• Financial Services
• Research & Education
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)