DUBLIN, April 11, 2022–(COMMERCIAL WIRE)–The “Global Content Delivery Network Industry to 2027” Report has been added to ResearchAndMarkets.com offering.
The global Content Delivery Network market is forecast to grow from USD 19.2 billion in 2022 to USD 34.5 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% during the forecast period.
The solutions to register a higher growth rate during the forecast period
In the content delivery network market by component, solutions are expected to post a higher growth rate during the forecast period. The solutions segment of the CDN market is segmented into web performance optimization, media delivery, and cloud security. Today, the maximum volume of data or content accessible on the internet is consumed through CDN. Users don’t have the patience to wait for content to buffer, and this challenge has made content delivery even more crucial for organizations.
Dynamic Content is expected to have a larger market size during the forecast period
By content type, dynamic content is expected to have the largest market size during the forecast period. Dynamic content can also be referred to as streaming media. This content changes in real time and can be live, such as live sports, broadcast news, concerts, and on-demand, where the encrypted data is stored on a streaming media server and is available upon customer request. Different types of content can be requested in content on demand, such as audio, video and music clips. Dynamic content primarily refers to web content that changes based on user behavior, preferences, and interests.
P2P CDN is expected to have a higher growth rate during the forecast period
By provider type, P2P CDN is expected to have a higher growth rate. The P2P CDN solution comprises a large number of ad-hoc connections that connect the digital content delivery nodes. Unlike the traditional CDN segment, the P2P CDN segment consumes more bandwidth and develops diverse connectivity between servers in a network. The P2P CDN solution is implemented at the end of the delivery chain, on the client side. The P2P CDN also uses peer bandwidth, reducing network cost for content providers. If the content is not available on the peer’s computer, the cache server is expected to deliver the content.
Health care is expected to have a higher growth rate during the forecast period
By Application Areas, Health is expected to have a higher growth rate. The healthcare services application area is one of the lucrative application areas in the CDN domain. This segment faces several technological challenges, such as a growing number of regulations and cybersecurity and changing demands for medical services from clients.
The healthcare segment works on critical, time-based operational arrangements that require real-time data and instructions, made possible by mobile and system connectivity. CDN is one such solution that has benefited this segment on a large scale due to the huge adoption of the telemedicine trend. Healthcare companies collaborate across locations for drug and drug development and diagnostics.
APAC will have a higher growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. Asia Pacific, an emerging economy, is witnessing dynamic changes in the adoption of new technologies. With emerging countries like China, Japan, and South Korea, the region is expected to witness high growth in the CDN market. The faster growth rate of the Asia Pacific CDN market can be attributed to the ever-increasing consumption of content in these emerging countries.
Growing need for effective solutions to enable uninterrupted, live content delivery over a high-speed data network
Increased demand for QoE and improved QoS
Proliferation of video and rich media on websites
Rising demand for enhanced video content and latency-free online gaming experience
Exponential increase in online video content consumption is expected to drive market growth
Increasing Internet Penetration and Mobile Device Adoption Lead to Growing Opportunities for Mobile CDN
Growing demand for cloud-enabled services
Growing demand for state-of-the-art, integrated security solutions and services
Growing consumer interest in OTT and VoD platforms for entertainment
For more information on this report, visit https://www.researchandmarkets.com/r/h6e4oa
View the source version on businesswire.com: https://www.businesswire.com/news/home/20220411005518/en/
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