The Content Delivery Network Market is expected to reach a value of US$ 19.6 billion in 2022, with a 20 percent compound annual growth rate (CAGR) from 2022 to 2030.
According to Future Market Insights, the industry’s prospects through 2030 are also quite promising (FMI). According to the report, the business would gain from advancements in networking technology as well as the growing popularity of over-the-top (OTT) content. Software-as-a-service delivery network services, according to FMI analysts, will contribute significantly to overall income for media, entertainment, and healthcare applications. In rural locations, poor networking infrastructure is a serious issue.
FMI’s research provides an in-depth analysis of crucial market variables. The following are some of the study’s key findings:
- In 2019, the market was valued at US$ 11.5 billion, with demand rising rapidly and the coronavirus outbreak providing significant potential opportunities.
- Due to specific needs for CDN delivery processes, software-as-a-service content delivery networks are still in great demand, with individual module sales likely to overtake those of bundled suites by 2030.
- Because of the unprecedented demand for on-demand media consumption, content delivery network media distribution applications are growing faster than software distribution and website caching.
- Demand for video content and the digitization of organizational data continue to drive market expansion in North America. East Asia, on the other hand, is producing profitable growth potential as a result of significant expenditures in technology advancements in the region.
Who is the victor?
FMI evaluated the various business methods utilized by prominent companies in the content delivery network market for the report. Leading companies are pursuing a variety of strategies, including technology development, strategic mergers and acquisitions, and the introduction of new products and services.
Akamai Technologies Inc., Deutsche Telekom AG, Cloud Flare Inc., AT&T, Amazon Inc., Orange S.A., Microsoft Corporation, CD Networks Co. Ltd., CenturyLink, and Verizon Digital Media Services are among of the market’s major participants.