According to a new report, published by KBV research, The Global Content Delivery Network Market size is expected to reach $74.5 billion by 2031, rising at a market growth of 17.4% CAGR during the forecast period.
The Standard CDN segment is generating the highest revenue in the Global Content Delivery Network Market by Service in 2023; thereby, achieving a market value of $46 billion by 2031. This segment includes services that accelerate the delivery of websites, images, videos, and other web content to users worldwide. By enhancing the user experience through the acceleration of website, image, video, and other web content delivery to users around the world, standard CDNs are indispensable for enhancing website performance, decreasing latency, and improving website performance. The reduced distance that data must traverse results in accelerated load times and an enhanced browsing experience.
The Traditional Commercial segment is registering a CAGR of 16.8% during (2024 - 2031). Increasing consumption of digital content, the expansion of online businesses, the globalization of businesses, and the proliferation of streaming services and online platforms all contribute to the rising demand for conventional commercial CDNs. The increasing globalization of businesses has also fueled the demand for traditional commercial CDNs. Traditional commercial CDNs with a global network of servers can help businesses reach their target audiences worldwide, improving their online presence and customer engagement.
The Media Delivery segment is leading the Global Content Delivery Network Market by Solutions in 2023; thereby, achieving a market value of $26.7 billion by 2031. Media delivery CDNs are crucial in ensuring high-quality media content's smooth and reliable delivery to audiences. These CDNs are essential for streaming services, online gaming platforms, and broadcasters, enabling these entities to efficiently deliver their content to users worldwide. The increasing demand for media delivery CDN solutions is driven by the growth of online media consumption across various platforms and devices.
The E-commerce segment is experiencing a CAGR of 16.9% during (2024 - 2031). E-commerce companies have encountered a substantial expansion in their potential customer base due to the widespread adoption of smartphones and Internet connectivity. A further factor contributing to the expansion of the e-commerce sector is the simplicity and convenience of online shopping. With a few taps or clicks, consumers can now make purchases from the convenience of their homes or while on the move. In an ever-evolving digital marketplace, CDNs will assume a progressively critical function in aiding organizations to satisfy the demands as e-commerce continues to expand and develop.
Full Report: https://www.kbvresearch.com/content-delivery-network-market/
The North America region dominated the Global Content Delivery Network Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $26 billion by 2031. The Europe region is anticipating a CAGR of 17.2% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 18% during (2024 - 2031).
By Service
By Service Provider
By Solutions
By End-use
By Geography