Report ID: SQMIG45A2162
Report ID:
SQMIG45A2162 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
147 |
Figures:
82
Content Delivery Network Market size was valued at USD 19.38 Billion in 2023 and is poised to grow from USD 23.6 Billion in 2024 to USD 114.32 Billion by 2032, growing at a CAGR of 21.8% during the forecast period (2025-2032).
An increase in online content consumption, driven by the surge in digital media, streaming services, and e-commerce platforms have served as key factors promoting the growth of the global content delivery network market. The global expansion of internet usage, particularly in emerging markets, is also driving the demand for content delivery network (CDN) services to ensure optimal performance. Moreover, the growing preference for high-quality, low-latency digital experiences is emphasizing the need for CDNs to enhance website and application performance. CDN solutions are extensively used in the media & entertainment industry to boost audio and video content delivery. The continuous evolvement of content consumption and the need for high-quality and original content has catered to the need for efficient CDN solutions that can improve network performance and enhance content delivery.
The growing demand for Over the Top (OTT) and Video-on-Demand (VOD) services will ensure continuous content delivery over a high-speed data network and is expected to boost market growth. The global e-commerce industry is continuously evolving in line with the changing consumer behavior. CDN solutions are effectively deployed in e-commerce industries to ensure that the industries operate efficiently at full capacity and customers have access to all the necessary data to make an informed buying choice. Furthermore, customers are shifting from traditional television to video content delivery over a cellular network, as CDN solutions are also being deployed in that domain to improve content delivery.
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Report ID: SQMIG45A2162