Content Delivery Network Market Trends

Growth Drivers

• Growing Internet Traffic – The absence of a content delivery network makes the server respond to every single user request ticket which increases the internet traffic and cases of server failures. The global internet traffic was almost 8 exabytes per day in 2021, up from 3 exabytes per day in 2016.
• Increasing Penetration of Internet Services – Rapid adoption of Internet services and IoT operating systems has increased the demand for content delivery network solutions for an enhanced user experience and improved content delivery.  Today, over 65% of the global population uses the Internet every day.
• High Demand for OTT and VOD services – Content delivery network ensures continuous content delivery over a high-speed data network on Over the Top (OTT) and Video on Demand (VOD) services. The total number of OTT video users around the globe is estimated to reach 4 billion by 2027.
• Rapid Boom in the E-commerce Industry – Content delivery networks have been deployed in the e-commerce sector to make customers access to all the necessary data present in the e-commerce websites to help them make an informed buying choice. By the end of 2022, global retail e-commerce sales exceeded USD 6 trillion.

Challenges

• Increasing Concern Related to Privacy – Cases of viruses and cyberattacks have been increasing owing to the integration of internet solutions in every spectrum of the digital world. Also, the lack of appropriate standards and procedures to tackle cybercrimes could decrease market value.
• Network Connectivity Issues and Insufficiency in Connectivity
• High Cost of the Content Delivery Network Technology