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 likely to generate lucrative returns by the year 2027.
 

Rapid digitization, rising smartphone & internet penetration, and increasing number of data centers are some of the key factors driving the growth of global content delivery network market.
 

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A CDN, or content delivery network, plays a critical role in any modern websites or applications. It is essentially a highly distributed platform of servers that helps in reducing the delays while loading a web page by minimizing the physical distance between the server and the user.
 

As per component type, global content delivery network industry share from the web performance optimization segment is predicted to expand at 15% CAGR through 2027, primarily due to rising internet and website traffic.
 

By service, the report states that the storage service segment is likely to account for the largest market share by the end of the forecast duration, owing to widespread adoption of these services in corporate enterprises.
 

The network optimization segment, on the other hand, is expected to register 16% CAGR during 2021-2027. This can be attributed to growing demand for better quality of service across enterprises.
 

Based on application spectrum, the healthcare segment is anticipated to record 15% CAGR between 2021 and 2027, primarily driven by growing popularity of CDNs in healthcare corporations. Meanwhile, the others segment is also deemed to witness a CAGR of 10% during a similar timeframe.
 

Considering the geographical landscape, Latin America is estimated to account for 12% share in global content delivery network market by 2027. Meanwhile, Middle East & Africa is also predicted to emerge as a key revenue generator for the industry participants, primarily due to swift digitization and growing smartphone penetration.
 

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