Content Delivery Networks Market to See 24.5% Annual Growth Through 2024
Press Release
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updated: Oct 30, 2019
Industry Boosted by Growth of Online Gaming
WELLESLEY, Mass., October 30, 2019 (Newswire.com) - The growth of online gaming and the rising demand for video content among online users are two factors which drive growth of the global content delivery networks market, according to a report by BCC Research, “Content Delivery Networks: Global Markets.”
The market expects to see a compound annual growth rate (CAGR) of 24.5% through 2024, when it could be worth $34.3 billion.
Major players in the market include : Akamai Technologies, Comcast Technology Solutions , Cloudflare, Inc. and Microsoft.
Research Highlights
- Media delivery in the content delivery network market reached $4.5 billion in 2019 and should reach $12.8 billion by 2024 at a CAGR of 23.2% through 2024.
- Web performance optimization reached $3.5 billion in 2019 and should reach $10.3 billion by 2024 at a CAGR of 24.0% through 2024.
- The fastest growing category by service provider is the cloud CDN segment, which is expected to grow at a CAGR of 27.8% and is forecast to reach $10.2 billion by 2024
Source: BCC Research
