Content Delivery Network Market Size, Growth & Global Industry Report, 2020-2021

 

Content Delivery Network Market

As per the GMI Research Report, the content delivery network market is projected to witness a growth rate of 13.7% during the forecast period. Surging demand for rich video content, among the rising online users and the adoption of digitalization in end-user verticals will bolster the content delivery network market size.

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Content Delivery Network Market Dynamics

CDN offers several advantages such as enhanced website safety, data coherence, and upgraded website load times, less bandwidth costs, better content availability and redundancy. This is expected to elevate the growth of the content delivery network market. Growing demand for content delivery network solution and services among industries, such as e commerce, healthcare, gaming, media and entertainment, education, and advertisement owing to the rapid digitalization of industries will fuel the market growth. As per the United Nations Conference on Trade and Development, the e-commerce supply touched $25.6 trillion globally in 2018, with a surge of 8% from the last year.

The extensive increase in the usage of internet and smart devices, growing amount of data produced and content shared over the internet and rising uninterrupted content delivery over a faster data network are the major factors bolstering the market growth. As per the World Bank, around 51% of the global population, in 2018, use internet through gaming machine, computer, mobile phone, digital TV, and personal digital assistant. This has raised the application of social media platforms such as Instagram, Facebook, and Snapchat, will propel the content delivery network market share.

Solution Segment Drivers

Based on the solution, the media delivery segment is likely to witness a faster rate over the forecast period. This is owing to the growing espousal of IoT, virtual reality, wearable devices, and augmented reality. In addition, the content delivery network market report projects that the rising number of online media viewers and aggravating demand for 4K/8K Ultra HD resolution video content and intermission-free media delivery has bolstered the market size.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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