The global Content Delivery Network Market size is expected to reach USD 95.37 billion by 2030, registering a CAGR of 23.0% from 2022 to 2030, according to the new report by Grand View Research, Inc. The major factors expected to drive the market’s growth are rising demand for advanced technologies such as Augmented Reality (AR) and Artificial Intelligence (AI), increasing accessibility and affordability of mobile and broadband networks, reducing costs, and increasing demand for affordable smartphones and data plans, are giving the opportunities to the market players to launch advanced CDN solutions.
The increasing population and the advancements in
network technologieslead to high content consumption, there by increasing the
demand for efficient CDN solutions. Furthermore, the digitalization of the
media andentertainment industry is boosting the overall market growth. However,
data security and information privacy are likely to limit market growth.
Several initiatives have been taken by the government in different countries to
provide high-speed internet facilities in both rural and urban areas and also
the recent improvements in internet speed have increased data consumption.
This has led to cause congestion and latency issues,
and rise in internet traffic, and created massive growth in the demand for CDN
solutions to provide efficient content delivery to the end users. This has a
direct impact on the enterprises where daily operations and businesses depend
on the delivery speed of the content, webpage performance, and the time taken
for a webpage to load, by which they can strengthen their business. This has
compelled organizations to utilize CDN solutions for driving process
optimization and delivering better customer experience and service.
Related Press Release@ Content Delivery Network Market Report
Content Delivery Network Market
Report Highlights
- The dynamic CDN segment is anticipated to register a significant
CAGR over the forecast period. The CDN solution and content providers and
media broadcasters are playing a vital role in empowering their customer
base and revenue by considering network and delivery optimization, for the
growth
- The web performance optimization segment is expected to register a
CAGR of 23.1% over the forecast period due to the growing demand for
Quality of Experience (QoE) and Quality of Service (QoS)
- The e-commerce segment is anticipated to register a
significant CAGR of 22.9% from 2022 to 2030. As the online shopping spaces
evolve, the companies want to ensure adequate website acceleration and
enhanced security. Additionally, solution providers need to deliver a
compelling web content experience for e-commerce websites and continue
driving the growth
- The peer-to-peer service provider segment is expected to grow
considerably at a significant CAGR from 2022 to 2030 due to the rising
demand for network optimization, content acceleration, and media delivery
- Increasing volumes of online content due to extensive usage of
various social media platforms necessitate peer-to-peer CDN solutions for
network optimization and content delivery
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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