Rising Video Streaming Worldwide to boost the Content Delivery Network (CDN) Market |Forecast for 2023-2027|Technavio
The Content Delivery Network (CDN) Market is likely to experience steady growth because of high server availability and high growth in video streaming worlwide. Rising at a CAGR of 26.87%, the market is estimated to have an incremental growth of USD 67671.83 Mn from 2023 to 2027.
Leading companies such as Akamai Technologies Inc., Amazon.com Inc., Broadcom Inc., Cloud Software Group Inc., Cloudflare Inc., Comcast Corp., Fastly Inc., Imperva Inc., International Business Machines Corp., Lumen Technologies Inc., Microsoft Corp., NetScout Systems Inc., Nippon Telegraph and Telephone Corp., proinity LLC, QUANTIL, Radware Ltd., StackPath LLC, Tata Sons Pvt. Ltd., Verizon Communications Inc.,etc comes with wide variety of offerings in Content Delivery Network (CDN) Market and is contributing significantly.
Content Delivery Network (CDN) Market Analysis
When it comes to the market trend Technavio analyst Quoted ~ “ increasing focus on the development of content delivery clouds is trending in the market space as there has been a gradual shift from traditional CDNs to cloud-based CDNs in the past five years ”
The high price of CDN solutions and Inconsistencies in content accessibility is expected to hinder the growth of the market. However, the Increasing focus on the development of content delivery clouds and the increasing mobility of CDNs will have a positive impact on the Content Delivery Network (CDN) Market during the forecast period.
Technavio’s analysis of the Content Delivery Network (CDN) Market also includes: