Content Delivery Network (CDN) Market Is Projected To Grow At A CAGR Of More Than 29% To Reach USD 33 Billion By 2023 | TechSci Research
Global Content Delivery Network (CDN) market stood at around $ 7 billion in 2017 and is projected to grow at a CAGR of more than 29% to reach $ 33 billion by 2023, owing to rising smartphone & internet user base, increasing acceptance of Over the Top (OTT) media services and surging popularity of 4K video content. Moreover, increasing focus towards improving performance of websites, reducing latency and mitigating cyber threats is further boosting demand for CDN, globally. Growing digitalization in the BFSI sector, increasing complexity of websites and surging number of traditional media and retail companies adopting digital platform are among the other key factors anticipated to fuel the global CDN market during forecast period. Years considered for this report: Historical Years: 2013-2016 Base Year: 2017 Estimated Year: 2018 Forecast Period: 2019–2023 Objective of the Study: To define, classify and forecast the global content delivery network market on the...