According to the research report titled ‘Content Delivery Network (CDN) Market Size, By Component (Solution [Media Delivery, Web Performance Optimization, Cloud Security], Service [Storage Service, Network Optimization, Website and API Management, Professional Service], By Content Type (Static, Dynamic), By Application (Media and Entertainment, Retail & E-commerce, Healthcare, IT & Telecom, Government), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, content delivery network (CDN) market is estimated to register a remarkable CAGR over the forecast period 2021-2027.
 

Factors such as advancements in network infrastructure, growing internet traffic, increasing demand in gaming sector, and rapid expansion of OTT industry are primarily driving content delivery network (CDN) market growth.

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For the unversed, a content delivery network (CDN) is a major part of most modern websites and applications. It is a highly distributed network of servers that helps in minimizing delays while loading web page content by reducing the physical distance between the server and the client.

Despite the positive outlook, complications faced while managing ad-on services, and rising concerns regarding data security are anticipated to slow down the market remuneration scope in the upcoming years.

With respect to component segmentation of content delivery network (CDN) industry, the web performance optimization solution segment is slated to bolster at 15% CAGR over the analysis period, driven by the extensive growth in website traffic.

Considering application scope, the healthcare application segment is projected to record a CAGR of 15% over the forecast time period. Surging adoption of CDNs by various healthcare players is expected to drive segmental growth. Moreover, the others segment is slated to grow at 10% CAGR over 2021-2027, owing to increasing demand from BFSI and education sectors.

From a geographical perspective, Latin America is touted to capture 12% of the overall industry share over the analysis period, owing to heavy internet consumption, and rapid growth in the number of data center establishments. Meanwhile, Middle East & Africa market is on track to deliver remarkable returns over 2021-2027, triggered by increasing smartphone penetration and swift digitization.

Prominent players in content delivery network (CDN) market are Verizon Communications, Tata Communications Ltd., StackPath LLC, Rackspace U.S. Inc., Quantil Inc., NTT Communications Corp., Microsoft Corp., Lumen Technologies Inc., Limelight Networks Inc., Leaseweb Global B.V., Imperva Inc. IBM Corp., Google LLC, and AT&T Inc. among others.