Content Delivery Network Market Size, Share & Trends Analysis Report By Service, By Solutions, By Service Provider, By End-use, By Region, And Segment Forecasts, 2024 - 2030

CDN Market Size & Trends

The global content delivery network market size was estimated at USD 21.36 billion in 2023 and is expected to register a CAGR of 17.7% from 2024 to 2030. The market growth can be attributed to a rise in online content consumption, driven by the surge in digital media, streaming services, and e-commerce platforms. 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. Simultaneously, the application of digital solutions based on IoT networks and artificial intelligence across various industries is driving market players to develop and promote customized industry-specific CDN solutions.

The growing adoption of OTT and VOD services involves broadcasters offering latency-free data over the network and enhancing the quality of video delivery. The continuous investments in network infrastructure worldwide, especially in emerging economies, such as India, have improved the overall network connectivity, bandwidth, and coverage. These developments have been instrumental in ensuring consumers can stay connected, get instant updates, and retrieve readymade media data. This is a driving factor for broadcasters to enhance content delivery while delivering diversified data for consumption across several applications. The market has experienced significant growth in recent years due to the high demand for online content delivery, driven by the proliferation of digital media consumption, the rise of e-commerce, and the growing importance of web performance optimization for businesses. Moreover, trends, such as the adoption of 5G networks, the Internet of Things (IoT), and expanding cloud-based services will fuel market growth.

Market Concentration & Characteristics

The market growth stage is high, and the pace of its growth is accelerating. The market is fairly concentrated. The evolving edge computing architectures and the Internet of Things (IoT) ecosystem are presenting new opportunities for CDN providers. Edge servers deployed at the network edge are facilitating low-latency processing and content delivery, supporting real-time applications, IoT devices, and immersive media experiences. CDN providers are investing in edge computing capabilities to capitalize on these emerging trends and offer innovative solutions for latency-sensitive use cases.

As smartphones, tablets, and other smart handheld devices continue to proliferate, the subsequent rise in internet traffic shows no signs of abating. According to The State of Mobile Internet Connectivity 2023 report published by GSMA, around 4.56 billion people were using mobile internet services in FY2022 a rise from 4.35 billion in FY2021. Furthermore, around 54% of the total population (4.3 billion people) own a smartphone as of FY2022. Several factors, such as the growing preference for online shopping, the rising popularity of dedicated mobile applications, the increasing broadband connections for mobile phones, and the continued development of mobile content delivery networks, are driving the use of mobile phones. The proliferation of smartphones and tablets is typically driving the need to optimize the content for mobile content delivery. At this juncture, CDNs can assist service providers in delivering quick and smooth transactions while accessing a website through a smartphone or any other mobile device.

Service Insights

The standard CDN segment is expected to grow at a CAGR of 16.9% during the forecast period from 2024 to 2030 due to a surge in live content delivery, growing internet penetration, and the proliferation of connected devices. The long-term growth trajectory of the industry is anticipated to be propelled by increased consumer dependence on cloud-based services and the widespread adoption of over-the-top (OTT) offerings. Moreover, the increase in edge computing technologies enabled CDNs to deploy servers closer to end-users, reducing latency and enhancing the user experience, particularly for latency-sensitive applications such as video streaming and online gaming.

The sustained expansion in online video consumption is a key factor driving CDN growth in video delivery. Viewers expect equivalent or enhanced quality in their online viewing experiences compared to traditional broadcast television. This imposes a significant responsibility on content providers to produce compelling content and deliver it in high quality. Notably, several major online video platforms have begun streaming content in 4K resolution, necessitating greater bandwidth than standard high-definition streaming.

Solutions Insights

The media delivery segment accounted for a revenue share of over 35% in 2023. The segment will expand further at the fastest CAGR of 18.4% from 2024 to 2030. Amidst a rapid surge in online media consumption, CDNs play a pivotal role in optimizing the distribution of large-scale media files, ensuring seamless streaming experiences for global audiences. Recent technological advancements have further reshaped the landscape of media delivery with the advent of AR, VR, and 8K resolution. These developments pose new challenges to CDNs, necessitating adaptation to higher bandwidth demands and delivering immersive media experiences with minimal latency.

The cloud security segment is anticipated to witness significant growth over the forecast period due to the rising concerns over data security and privacy protection. Several organizations depend on telecommunications, cloud storage, and the related infrastructure for their operations, and protecting the systems and assets hosted over the cloud is turning out to be a priority in the modern world. There is an increasing focus on cloud security to essentially protect the infrastructure from hackers and secure the data stored over the cloud.

Service Provider Insights

The traditional commercial CDN segment dominated the market in 2023 and accounted for a revenue share of over 45%. The multiple solutions offered by the service providers for network optimization, content acceleration, and media delivery are the major factors driving this segment’s growth. Moreover, the rise in data consumption worldwide prompts CDN providers to introduce solutions for useful content and network delivery optimization. Several traditional CDN solutions are gradually turning out to be insufficient to address the challenges posed by the advent of the latest technologies. Another challenge faced by the CDN market is that mobile users are increasingly demanding content located farther from the origin servers, which is not optimized for their devices. These drawbacks are expected to limit the segment growth over the forecast period.

The cloud segment is expected to witness significant growth over the forecast period. Cloud CDN services have become instrumental in optimizing the performance and delivery of web content, applications, and media across global networks. These services leverage distributed server networks to cache and deliver content from edge locations closer to end-users, reducing latency and improving overall user experience. Recent trends in cloud CDN services include integrating advanced caching techniques, such as dynamic content caching and intelligent prefetching, to enhance performance and efficiency.

End-use Insights

The media & entertainment segment dominated the market in 2023 and accounted for a revenue share of over 40%. The media & entertainment industry is transitioning toward a digital distribution model and witnessing significant growth in line with the growing demand for online streaming and VOD services, which primarily calls for optimizing the data and network delivery. CDN vendors are increasingly focusing on delivering high-quality visual capabilities with improved visibility without any interruption irrespective of the device to their customers. In addition, CDN solutions can reduce the delay and optimize the entire content delivery process. This can benefit the viewers through a high-quality experience, which can emerge as a prime factor in augmenting revenues for media & entertainment enterprises.

On the other hand, the e-commerce segment is expected to register a significant CAGR of 17.7% from 2024 to 2030. The growing demand for online gaming is enhancing the market’s growth. Gaming is emerging as one of the industries, there has been a high growth in downloading speeds, and it is mandatory to ensure optimum experiences for end-users (gamers). Considering that most of the latest games are played in 4K resolution and sophisticated graphics and tend to have large file sizes, they cannot be managed with slower internet speeds. Additionally, longer waiting times for downloading games can discourage gamers and prevent gaming companies from reaching a larger audience. Hence, companies are investing in CDN to deliver high-quality content globally for CDN solutions to avoid any lag in performance.

Regional Insights

The content delivery network market in North America held the major share of over 30% of the global market in 2023. The rising popularity of the 4K resolution display and the highest internet penetration in the region are the key factors supporting market growth. These provide a robust CDN infrastructure for efficient delivery of data. Moreover, the rapid adoption of cloud-based services, the introduction of high-speed data networks, and the increasing demand for smartphones are expected to impact the regional market growth directly. A surge in leisure spending is also a major factor contributing to the adoption of CDN solutions in the region.

U.S. Content Delivery Network Market Trends

The U.S. content delivery network market is expected to grow at a CAGR of 12.5% over the forecast period of 2024 to 2030. In the U.S., the content delivery network market exhibits a strong presence, driven by the growing demand for efficient content delivery solutions across diverse industries. With the proliferation of digital content consumption, particularly in the media and entertainment industry, CDNs have emerged as critical infrastructure for optimizing content distribution.

Europe Content Delivery Network Market Trends

The content delivery network market in Europe is expected to grow at a CAGR of 16.9% over the forecast period. There is an increasing demand for high-quality digital content delivery across various European industries, including media and entertainment, e-commerce, gaming, and enterprise services. This demand stems from the rising popularity of online streaming services, the proliferation of e-commerce platforms, and the growing dependence on digital solutions for business operations.

The UK content delivery network market is expected to grow at a CAGR of 16.9% over the forecast period.The rise of high-definition video streaming, live events, and cloud-based services has propelled the need for robust CDN solutions capable of ensuring seamless delivery of digital assets to end users.

The content delivery network market in Germany is expected to register a CAGR of 16.4% over the forecast period.The proliferation of mobile devices and the growing adoption of cloud-based services have contributed to the surge in data consumption, fueling the need for robust CDN infrastructure, and thereby supporting market growth.

The content delivery network market in France is expected to grow at a CAGR of 17.2% over the forecast period. The growing emphasis on security and data privacy compliance is driving organizations to leverage CDN solutions with robust security features, such as DDoS protection and encryption protocols.

Asia Pacific Content Delivery Network Market Trends

The content delivery network market in Asia Pacific is anticipated to witness a significant growth CAGR of 22.2% over the forecast period due to the presence of emerging economies, such as India and China, and is also one of the fastest-growing consumer markets in the region. Moreover, the growing population and number of viewers for online gaming content have resulted in an increased demand for technological advancements in networking infrastructure to fulfill the needs pertaining to online media consumption. Several initiatives have been taken by the regional governments, such as Digital India, which have enabled fast and secure data delivery management, owing to which the usage of CDN solutions is expected to increase.

The China content delivery network market is expected to register a CAGR of 22.0% over the forecast period. CDNs are witnessing high demand in China for optimizing content delivery across the country’s expansive geographical expanse. Enterprises use their distributed network infrastructure and local caching capabilities to ensure expedited and enhanced user experiences while mitigating bandwidth and server hosting expenses.

The content delivery network market in Japan is expected to register a CAGR of 20.8% over the forecast period. The domestic market has witnessed significant developments in recent times, reflecting the country's growing reliance on digital infrastructure. With a robust technological landscape and increasing internet penetration, Japanese businesses across various sectors are turning to CDNs to optimize digital content and service delivery.

The India content delivery network market is projected to register a CAGR of 23.4% from 2024 to 2030. As consumers increasingly turn to streaming video and audio content, CDN providers have expanded their infrastructure to meet the growing demand for fast and reliable content delivery across the country.

Middle East & Africa Content Delivery Network Market Trends

The content delivery network market in MEA is expected to grow at a CAGR of 13.9% from 2024 to 2030. The rising penetration of internet users in the region, coupled with a rise in the number of smartphone sales, is expected to provide growth opportunities for the CDN market. For instance, the MEA smartphone shipments witnessed a 24% YoY growth with a sale of 12.2 million units in Q4 2023. Several factors have aggravated the use of mobile phones in the MEA, such as online shopping, consumption of OTT content, and gaming, helping augment the growth of the CDN market.

The Saudi Arabia content delivery network market is expected to grow at a CAGR of 14.6% over the forecast period. The country has emerged as one of the leading hubs for online gaming and eSports. According to the Saudi Esports Federation (SEF), the country is characterized by the presence of 85% of gamers in the MEA. The government announced investments worth USD 6.4 billion for gaming, esports, and other future technologies in line with the country’s Vision 2030 diversification strategy.

Key Content Delivery Network Company Insights

Some of the key companies operating in the market include Amazon Web Services, Inc., International Business Machines Corp., Google LLC, and Microsoft, among others, are some of the leading participants in the content delivery network market.

• Google LLC, a global technology solution and service provider, plays a significant role in the content delivery network landscape. Google offers its CDN service as part of the Google Cloud Platform (GCP). Google Cloud CDN leverages Google's global network infrastructure, including its numerous data centers and edge locations, to deliver content quickly and reliably to users worldwide. The service is integrated with other Google Cloud services, providing customers with seamless integration and management capabilities

• Microsoft has a significant presence in the market through its Azure CDN service, which is part of the broader Microsoft Azure cloud computing platform. Azure CDN is designed to help businesses deliver high-bandwidth content to users around the world with low latency and high availability

• Amazon Web Services (AWS) is one of the leading providers of Content Delivery Network (CDN) services through its product called Amazon CloudFront.AWS operates a vast global network of data centers and edge locations, which form the backbone of Amazon CloudFront. This extensive infrastructure allows CloudFront to deliver content to end-users with low latency and high reliability, regardless of their geographical location

Verizon, Edgio, Inc., and Akamai Technologies are some of the emerging market participants in the content delivery network market.

• Verizon is a significant player in the market, offering CDN services through its Verizon Edgecast platform. Verizon Edgecast is one of the leading CDN solutions globally, providing a range of services designed to accelerate the delivery of digital content, improve website performance, and enhance the user experience

• Akamai Technologies offers a comprehensive suite of CDN solutions designed to accelerate the delivery of web content, streaming media, and applications while ensuring optimal performance, scalability, and security

Recent Developments

• In January 2024, CacheNetworks, LLC and Streaming Media Hosting, a prominent All-In-One Video Platform solution provider, announced a strategic collaboration. This collaboration represents a significant advancement in the streaming landscape, merging advanced technology with extensive industry knowledge to deliver an improved streaming experience. The integration of a fast CDN advanced content delivery solutions from CacheNetworks, LLC with Streaming Media Hosting’s video hosting capabilities provides buffer-free, high-quality streaming for viewers worldwide

• In July 2023, Edgio partnered with Vermantia, a global provider of omni-channel content solutions for gaming and betting operators worldwide. This partnership will enable Vermantia to leverage Edgio's Uplynk solution, streamlining the delivery of live events. This will empower Vermantia's customers to expand their reach while optimizing resources. Uplynk is a secure global edge network specifically designed for media

• In September 2023, Akamai Technologies, Inc. expanded its highly distributed cloud network by introducing new core compute regions spanning Asia, Europe, North America, and Latin America. The addition of Amsterdam, Jakarta, Los Angeles, Miami, Milan, Osaka, and São Paulo as new regions propels the company’s vision for a modern, decentralized cloud-forward

Content Delivery Network Market Report Scope 

Global Content Delivery Network Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global content delivery network market report on the basis of service, solutions, service provider, end-use, and region:

• Service Outlook (Revenue, USD Billion, 2018 - 2030)

  • Standard CDN

  • Video CDN

• Solutions Outlook (Revenue, USD Billion, 2018 - 2030)

  • Web Performance Optimization

  • Media Delivery

  • Cloud Security

• Service Provider Outlook (Revenue, USD Billion, 2018 - 2030)

  • Traditional Commercial CDN

  • Cloud CDN

  • Peer-to-Peer CDN

  • Telecom CDN

• End-use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Advertising

  • E-commerce

  • Media & Entertainment

  • Gaming

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • MEA

    • UAE

    • Saudi Arabia

    • South Africa