[FURL=https://www.industryarc.com/Report/15295/content-delivery-network-cdn-market.html]Content Delivery Network Market[/FURL] value was $11.85 billion in 2019 and is anticipated to see an upsurge during the forecast period. The market will reach $24.70 billion till 2025 growing at a CAGR of 13.4% in between 2020 to 2025. Exponentially increasing internet penetration in all the industry verticals along with the increasing utilization of this type of delivery network for traffic handling and latency reduction owing to their effective data handling has been stimulating the market growth across the globe.Key Takeaways
Americas is estimated to hold the prominent share of 38% of global CDN market in 2019 and is forecast to reach $9.18 billion by 2025 growing at CAGR of 13.2% during 2020-2025 driven by enterprises opting for CDN solutions.
Media delivery segment held the major share accounting to around 34% in 2019 attributed to the rapid increase in internet users across the globe
Due to Covid-19 situation, there is an increase in work from home options, which can directly and indirectly lead to higher media consumption, thereby driving the market growth.
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Geography - Segment Analysis
Americas is estimated to hold the prominent share of 38% of global CDN market in 2019 and is forecast to reach $9.18 billion by 2025 growing at CAGR of 13.2% during 2020-2025. The market is analyzed to be driven by enterprises opting for CDN solutions. Media and entertainment industry accounted for the major value for the Americas CDN market in 2019 with online gaming poised to witness the highest growth of CAGR 18.95% during 2020-2025. The largest growing CDN market is APAC which is forecast to grow at CAGR 18.46% from 2020 to 2025 projecting to $7.49 billion by 2025. The market is poised to be driven by growing SMEs which opt for cloud CDNs and P2P CDNs owing to its cost effectiveness and flexibility.
Drivers – Content delivery network market
CDN can decrease loading time, website latency and handle traffic spikes
Surge in global B2C e-commerce sales
Work from home policy due to covid-19
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Content delivery network market. Content delivery network market is expected to be dominated by major companies such as Amazon Web Services Inc. (U.S.), Akamai Technologies (U.S.), Level 3 Communications (U.S.), Verizon Digital Media Services (U.S.) and Limelight Networks (U.S.) among others.
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