The cloud content delivery network (CDN) market size is estimated to grow from USD 1.81 billion in 2016 to USD 6.23 billion by 2021, at a CAGR of 28.0 percent. Major factors contributing to the growth of the cloud CDN market are growing rich media file contents, video content, increasing use of connected and smart devices, and proliferation of rich media over social sites.
The cloud CDN market is segmented by type, core solution, adjacent services, organization size, vertical, and region. The cloud CDN market type is primarily dominated by video CDN, and is expected to forecast fastest growing trend in the coming years. This dominance is mainly attributed to proliferation of high-quality video content over the websites and live online videos influencing more and more number of users.
Media delivery cloud CDN core solution holds the largest market share, owing to large amount of media contents such as podcasts, live RSS feeds, online videos, and others. However, considering the security threats and cybercrimes over the cloud, cloud security solution is expected to witness the fastest growing trend by 2021 as per a Research and Market report. The cloud content delivery network market is expected to forecast the highest growth trend in the online gaming vertical as compared to other industries. This growth is attributed to rising trends in online gaming and e-sports. In order to store and retrieve web content without any lag, the cloud storage adjacent service segment is expected to hold the largest market share as compared to other services.
North America is expected to hold the largest market share and dominate the cloud CDN market due to the presence of a large number of CDN vendors, highest Internet penetration in the world, large customer base, and its acceptance of technology solutions.