Content Delivery Network Forecast for Industry
The Content Delivery Network (CDN) is making huge profits because of the rising number of users and technological growth. Its global market size and trends indicate more positives for this sector soon.
Most numbers show that the CDN has a lot of potential to grow and become great. Let’s look at the CDN’s market overview, the global CDN market size, shares, trend analytics, and its statistics summary.
The Market Overview
In 2020, financial researchers valued the CDN market at $11.76 billion. These numbers will rise to $49.61 billion by 2026. It shows the rising demand for video content from online users. The fast growth in the digital sector in many nations and organizations also raises the demand for CDNs.
Some companies projected that IP video would hit 79% of all online traffic by 2018. These numbers mean that there’s a fast growth in the number of online video activities.
The perfect example of how CDN is gaining more popularity is through online games. It’s because most gaming companies see the many benefits of investing in CDN. So, the gaming service providers today give their users games with quality images. Also, the players enjoy a smooth gaming experience because of CDN.
Many people use the internet and smart devices, which increase the size of data daily. So, to reduce latency problems, web-service providers are going for the CDN, which gives it a vast market size. This demand is from the media, large-scale retailers, and the entertainment sector.
Global Content Delivery Network Market Size, Share, and Trend Analysis
Most interested parties expect the global CDN market to hit $95.37 billion by 2030. Let's look at these numbers by the nature of the content, solutions, service providers, end-use, region, and segment forecasts.
The dynamic CDN will have a high Compound Annual Growth Rate (CAGR) between 2022 till 2030. It’s because CDN services, content providers, and media play a crucial role in gaining more users.
Coming to CDN solutions, the web performance sector will have a CAGR of 23.1% during the forecast period. It will come from online users' demands for quality service and experience.
Most service providers, like e-commerce, will have a CAGR of 22.9% between 2022 and 2030. It's because the online shopping sector is growing fast, and companies want to ensure their websites are easy for their customers to use. So, web services and CDN providers should give fantastic content experiences to make e-commerce grow.
CDN Industry Statistics Summary
Various stats show that the CDN industry is on a positive trend. By 2020, CDN's market size will have exceeded $10 billion. The industry's CAGR could expand to over 15% CAGR by 2027.
These numbers keep rising because of service consumers’ high demands for content delivery and proper data handling. The advancements in network infrastructure and the rise in popularity of CDN in the gaming sector have increased these numbers.
Also, website and API management market share will be over 20% by 2027. The industry is experiencing fast, quality growth as technology keeps advancing. For example, in the UK, media delivery made a profit of $237.30 billion in 2020. Remember, media delivery aspects help companies provide a quality user experience and bandwidth.
The CDN market is growing fast and will reach greater heights by 2027. These encouraging numbers come because of the increased number of internet users and advanced technology infrastructure. Its global market size, analysis, and share will rise after 2030 because of cheap internet devices. CDN's industry CAGR will maintain positive numbers, so it's an excellent place for people to invest.