Cloud Content Delivery Network Market

Global Cloud Content Delivery Network Market Size (2024 to 2029)

The global cloud content delivery network (CDN) market is foreseen to progress from USD 7.44 billion in 2023 to USD 32.72 billion by 2029, at a compound annual growth rate (CAGR) of 28.0% during the foreseen period.

A cloud content delivery network is a distributed network comprising proxy servers and data centers. It helps avoid network congestion and reduce latency by keeping data closer to users. The cloud content delivery network provides a cost-effective turbo boost. For the needs of the content delivery network, IBM has partnered with Akamai Technologies to create the fastest and most reliable content delivery network.

The rising need for mobile applications and increasing e-commerce and online shopping are majorly driving the global cloud content delivery network expansion. Besides, the increasing awareness related to monitoring customer transactions, recording sales, and calculating invoices is also boosting the demand in the market.

With the increase in the use of the internet and smart devices, a huge amount of data is generated daily, which needs to be managed intelligently. Web performance optimization solutions aim to reduce latency. The success of these solutions will increase demand from large retailers and the media and entertainment industry.

Growing trends in VoD, online audio streaming, podcasts, and live web episodes have led to the adoption of cloud-based services, which provide users with uninterrupted access to the data they want to watch. Moreover, CDN cloud deployment plays an active role during peak hours by avoiding data traffic.

Market growth and trends:

The world's Internet-using population is crossing 56%, which is promoting the expansion of online content. The advent of 4K/UHD TVs, HD content compatible with smart devices, and improved connectivity increases viewers' expectations for high-quality content.

Many media organizations are moving to a digital distribution model. These transitions present an excellent market opportunity for CDN providers, who are increasingly focusing on web performance optimization techniques to meet dynamic and mobile content requirements.

The volume of mobile traffic for media-related services was around 45%, which is expected to increase further. The need for mobile-friendly content is expected to increase due to the expected growth in data consumed to around 4.5 GB per month, currently 900 MB on average.

CDN data volume is increasing due to the advent of peer-to-peer (p2p) technology, 5G, wearable devices, IoT, virtual reality, augmented reality, and digital technology, and the advancement of technological innovation.

Global Cloud Content Delivery Network Market Drivers and Restraints:

Falling data costs coupled with increasing accessibility and affordability of mobile and broadband network access are some of the major factors expected to drive demand for cloud content delivery network solutions. The launch of affordable smartphones and data plans, along with high-speed network deployments, also requires improved content delivery and creates demand for CDN solutions. The growing population, along with the advent of new network technologies, is also driving content consumption and requires effective content delivery solutions. The digitization of the media and entertainment industry is particularly stimulating market growth.

CDN solutions are widely used in the media and entertainment industry to support streaming of audio and video content. Customers want to see the content they want anytime, anywhere, and in the most appropriate format. The demand for original, high-quality content is increasing accordingly, and content consumption patterns are continually changing. This required effective CDN solutions to optimize network performance and improve content delivery. On the other hand, data security and information privacy issues are expected to limit market growth.

GLOBAL CLOUD CONTENT DELIVERY NETWORK MARKET REPORT COVERAGE:

The global cloud content delivery networks market is segmented on the basis of component, type, organization size, vertical, and region.

Global Cloud Content Delivery Network Market - By Component:

• Solution    

• Services    

Depending on the component, the market is segmented into solutions and services. The solutions segment is further classified into Media Streaming, Cloud Security, and Web Performance Optimization. The services segment comprises analysis and monitoring, cloud storage, CDN design, support and maintenance, and others.

Global Cloud Content Delivery Network Market - By Type:

• Video CDN              

• Non-Video SDN     

Because of the type, the worldwide market is separated into the video content delivery network and the non-video content delivery network.

Global Cloud Content Delivery Network Market - By Organization Size:

• SMEs         

• Large Enterprises 

Depending on the size of the organization, the market is segmented into small and medium-sized companies and large companies.

Global Cloud Content Delivery Network Market - By Vertical:

• Advertising             

• Online Gaming      

• E-Commerce          

• Media & Entertainment    

• Healthcare              

• Education

 Based on the vertical, the market is segmented into advertising, online games, media and entertainment, e-commerce, education, health, and others.

Global Cloud Content Delivery Network Market – By Region:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The global cloud content delivery networks market is studied across Asia Pacific, North America, Europe, and the rest of the world. North America is expected to account for the majority of the market, while Europe is supposed to experience the fastest growth during the outlook period. The growth of the North American market is attributed to technological advancements and greater adoption of mobile devices with NFC services in various verticals.

Key market players:

Some of the major players in the global cloud content delivery network market are Akamai Technologies, Inc. (US), Google, Inc. (US), Level 3 Communications (US), Limelight Networks, Inc. (United States), Amazon Web Services, Inc. (United States), Alcatel - Lucent SA (France), Internap Corporation (United States), Verizon Communications, Inc. (United States), Ericsson (Sweden), CDNetworks (Korea), Tata Communications (India) and Highwinds (United States).

Recent Developments:

• In February 2019, Amazon Web Services (AWS) recently extended its presence with two new edge locations in India for its Amazon Cloud Front and AWS Direct Connect offerings in the cities of Hyderabad and New Delhi.

• In May 2018, Akamai Technologies Inc. launched the new Akamai connector for Salesforce Commerce Cloud. Commerce Cloud enables brands to deliver personalized experiences to shoppers that span the web, mobile, social media, and the store.

• In April 2018, Edgemesh Inc. introduced Edgemesh 2.0, a next-generation adaptive and decentralized edge delivery system that enables easy content delivery and network security.