According to the research report titled ‘Content Delivery Network (CDN) Market Size, By Component, 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 Market Study Report, global content delivery network (CDN) market is expected to register substantial growth during 2021-2027.
 

Rapid digitalization, rising smartphone & internet penetration, and growing number of data centers are some of the key factors propelling the expansion of global content delivery network (CDN) market.
 

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For the uninitiated, a content delivery network is a highly distributed platform made up of servers that helps in reducing the delays while loading web page content. It achieves this by potentially decreasing the physical distance between the server and the user.
 

Today, a content delivery network plays a critical role in modern website and applications. Thus, widespread adoption of CDN solutions in healthcare institutes and corporate enterprises is paving the way towards the market expansion.
 

As per component type, the report states that global content delivery network industry size from web performance optimization segment is predicted to expand with a CAGR of 15% through 2027, primarily due to growing website traffic.
 

The network optimization segment, on the other hand, is likely to showcase a y-o-y growth rate of 16% between 2021 and 2027. Surging demand for high-quality services is fueling the segmental share.
 

Based on application spectrum, worldwide content delivery industry share from the healthcare segment is expected to record 15% CAGR through 2027, owing to its growing popularity across healthcare institutions.
 

Meanwhile, the others segment is also reckoned to witness a 10% CAGR over the estimated timeframe, primarily driven by increasing importance of CDN solutions in educational and BFSI sector.
 

Considering the geographical landscape, the report states that Latin America is slated to seize 12% market share by 2027. Rising number of data centers and high internet consumption is facilitating the business scenario in Latin America.
 

Middle East & Africa too is estimated to generate lucrative returns for the industry participants in the ensuing years, on account of rising adoption of smartphones and rapid digitization.
 

The top contenders in global content delivery network market are Verizon Communications Inc., Rackspace Technology Inc., Tata Communications Limited, StackPath, QUANTIL Inc., Lumen Technologies, NTT Communications, Leaseweb Global B.V., Microsoft Corporation, Limelight Networks Inc., Imperva Inc., G-Core Labs S.A., IBM Corporation, Fastly Inc., Google LLC, Deutsche Telekom AG, Cloudflare Inc., AT&T Inc., Comcast Technology Solutions, Citrix Systems Inc.,   Amazon Web Services Inc., Alibaba Cloud, and Akamai Technologies Inc.