Global Content Delivery Network Market - Global Analysis ,COVID-19 Impact ,and Forecast to 2027

During the projection period, the global Content Delivery Network Market is estimated to increase at a Compound Annual Growth Rate (CAGR) of 14.1 percent, from USD 14.4 billion in 2020 to USD 27.9 billion in 2027. The rising need for effective solutions to enable live and uninterrupted content delivery over a high-speed data network, increasing demand for enhanced QoE (Quality of Experience) and QoS (Quality of Service), a proliferation of video and rich media over websites, increasing demand for enhanced video content and latency-free online gaming experience, and increasing internet penetration and adoption of mobile devices are among the major factors driving the CDN market's growth.

COVID-19 Impact Analysis on Global Content Delivery Network Market 

The COVID-19 epidemic has wreaked havoc on organisations of all sizes, including those in the manufacturing, industrial, and government sectors. Businesses in many industrial sectors are restarting operations in recent times, as lockdown restrictions have been removed in practically every location around the world. Many enterprises, notably software firms and others in a variety of industries, have made work-from-home options available to their employees, resulting in an alarming increase in network traffic. Multiple enterprises are using CDNs to reduce content load time as a result of this factor. Furthermore, the use of media and entertainment platforms such as Over-the-Top (OTT) platforms, which require high-quality video content, is driving up demand for CDN solutions during the epidemic. Increased need for CDNs to reduce server load and offer uninterrupted content delivery has risen as online shopping, eLearning, and online gaming have grown in popularity.

Furthermore, firms are concentrating their efforts on business continuity and sustainability, with a greater emphasis on achieving the lowest possible Return on Investment (RoI). During the COVID-19 crisis, CDN providers were far ahead of the game in assisting these enterprises in maintaining connectivity for vital business applications. Furthermore, practically all educational institutes around the world have moved their classes to online platforms and apps. Furthermore, many SMEs and large corporations around the world are working remotely during the pandemic.