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Content Delivery Network (CDN) Market size exceeded USD 10 billion in 2020 and is estimated to expand at over 15% CAGR between 2021 and 2027. Rising demand for improved content delivery and enhanced scalability from enterprises is likely to boost the industry growth.
The technological advancements followed by the need to ensure uninterrupted content delivery through high-speed networks are enabling the demand for CDN solutions & services. The enterprises are adopting diverse technology solutions to improve the performance and reduce latency.
The CDN observed a substantial rise in usage across multiple geographies and industry verticals amid COVID-19 pandemic. The companies offering real-time streaming and networking solutions have showcased sharp increase in streaming traffic. In response, several technology players are focused on influencing the operational capabilities of their solutions & services.
Enterprise-wide demand for uninterrupted service delivery and new solution development is further augmenting the content delivery network market expansion. The enterprises across diverse industry verticals are preferring content delivery services to ensure high-quality live streaming services.
Report Attribute | Details |
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Base Year: | 2020 |
Content Delivery Network Market Size in 2020: | 10 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 15% |
2027 Value Projection: | 30 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 270 |
Tables, Charts & Figures: | 368 |
Segments covered: | Component, Content Type, Application and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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