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According to the new report titled "Content Delivery Network Market by Content Type (Static Content, Dynamic Content), Component (Solutions, Services), Provider Type (Traditional CDN, Telco CDN, Cloud CDN, P2P CDN, Other), and Applications (Media and Entertainment, Online Gaming, Ecommerce, E-Learning, Healthcare Services, Enterprises) - Global Analysis to 2023", the valuation of the content delivery network market was $10.11 Billion in 2017 and is projected to reach $21.53 Billion by 2023, at a CAGR of 13.21% from 2018 to 2023.

The factors such as the snowballing demand for enhanced Quality of Experience (QoE) and Quality of service (QoS), and growing preferences of video and rich media, increasing use of live content delivery, and growing demand for enhanced video content and latency-free online gaming experience have driven growth in the content delivery network market. Further, surging popularity of 4K content and easy high-speed data network in countries including US, India, and China has increased the demand for content delivery network.

Solutions held the largest market share of the content delivery network

The solutions segment held the largest share in the market in 2017. The increasing demand for the web performance optimization have raised the demand for content delivery network in the residential buildings. Furthermore, the growing mobility and adoption of cloud service among the small and medium enterprises in the emerging economies such as India have further supplemented this demand.

Media & entertainment segment dominated the content delivery network market

Media & entertainment segment accounted for the highest share in the content delivery network market in 2017. This is attributable to the rising demand for video on demand (VOD) and online streaming services as well as demand for less delay in content delivery.

North America region led the content delivery network market in 2017

North American dominated the content delivery network market in 2017. The growing popularity of 4K content and easy high-speed data network have driven growth of the market. Further, the e presence of major content delivery network solution providers in the region has raised the demand for content delivery network in North America. However, Asia Pacific is expected to grow with highest CAGR during the forecast period owing to increasing media & entertainment as well as e-commerce industries.

Key market players operating in the market that are profiled in the report are Akamai Technologies (US), Google (US), Limelight Networks (US), AT&T (US), Microsoft (US), IBM (US), Quantil (US), AWS (US), Deutsche Telekom (Germany), StackPath (US), Fastly (US), Cloudflare (US), G-Core Labs (Luxembourg), Verizon Digital Media Services (US), Onapp (UK), and Broadpeak (France).

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