[FURL=https://www.industryarc.com/Report/15295/content-delivery-network-cdn-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Content Delivery Network Market[/FURL] is expected to reach $29.2 billion by 2026 at a CAGR of 15.2% during the forecast period 2021-2026. The rising recognition of wealthy media content and the growing demand for online gaming are enhancing the growth of the content delivery network market. Moreover, the rapid transition of media organizations towards digital distribution model and the rising use of internet services are driving the content delivery network (CDN) market. The increasing use of mobile devices such as smartphones, laptops, and so on has propelled the need for live video streaming and OTT services from applications such as Amazon Prime, Netflix, and so on.Key Takeaways
North America dominated the market by a market share of more than 37% in 2020, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, encent Video, iQiyi, and Youku and many others has been rising in this region.
Cloud security solutions is growing at a highest CAGR of 18.2% in the forecast period. As this solutions help in protecting data from thefts and loss, along with reducing attacks that can hamper network performance.
Content Delivery Network in Media & Services segment is growing at a CAGR of 14.2% in the forecast period. Owing to Increase in live streamed content, rising adoption of cloud-based video streaming solutions, and upsurge in demand for online videos in developing economies are set to drive the growth of the Media and Entertainment market.
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Content Delivery Network Market Segment Analysis - By Geography
North America dominated the market by a market share of more than 36% in 2020, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, encent Video, iQiyi, and Youku and many others has been rising in this region. Similarly, Initiatives such as partnerships and collaborations aim to favor content delivery. Akamai China CDN, in collaboration with China Net Center, is designed to simplify the ability to deliver fast, reliable, and safe digital experiences to consumers in Mainland China.
Content Delivery Network Market Drivers
Rising demand for online games
Rising Live Video Streaming
Content Delivery Network Market Landscape
Content Delivery Network top 10 companies include iScaler Ltd., Chinacache, Akamai Technologies Inc., Wangsu Science & Technology Co Ltd, Amazon Web Services Inc., CenturyLink Technology Singapore Pte. Ltd.,MaxCDN, Limelight Networks Inc.,Fastly Inc.,Alphabet Inc. (Google Inc.),Hibernia Networks, Verizon Communication Inc., CDNetworks Co Ltd, Tata Communications Ltd., Internap Japan Co. Ltd., Cloudflare Inc. among others.
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