The global content delivery network (CDN) security market is anticipated to be worth US$42,887 million by 2032, up from US$7,110 million in 2022. Furthermore, the market is estimated to increase at a CAGR of 19.7% during the forecast period. These insights are based on a recent report on the CDN security market by Future Market Insights (FMI).
According to FMI, early adoption of cutting-edge technology, and the growing dominance of popular social media and OTT platforms, have all contributed and will do so in the future to significant growth in demand for CDN security over the projection period.
The enormous volume of data created by media and entertainment enterprises, and the growing demand by eCommerce websites and government institutions for DNS protection against emerging security challenges, will also contribute to the growth.
The growth is driven by the increasing prevalence of connected devices and corporate mobility trends and the need for enterprises to mitigate increased cyber-attacks such as DDoS. Another factor boosting the growth of the content delivery network (CDN) security market over the forecast period is the rise of mobile apps.
Two-thirds of the global smartphone audience use news, music, entertainment, and sports applications. A CDN handles data delivery for various mobile applications. Vendors based on the mobile applications they download target customers. Because of the proliferation of mobile applications, OTT providers are looking for CDN security solutions.
With the rise of mobile engagement and the demand for better digital experience delivery, CDN providers are being forced to broaden their performance-enhancing techniques to address the challenges of dynamic content, mobile, and video, as well as serve as the first line of defence against security threats. In addition, companies are investing heavily in establishing CDN security solutions in response to increased demand for cloud services, which is predicted to rise in 2022-2032.
Because of the increased market rivalry, providers are using various growth strategies, such as promotional activities and advertising spending, to raise the exposure of their services. In addition, certain suppliers are adopting inorganic expansion strategies such as mergers and acquisitions to remain competitive.
CDN security industry actors extensively use technology launches, acquisitions, collaborations, and R&D initiatives. As a result, the CDN Security industry projection market in 2021 has been split into several companies. The top ten CDN security companies are Amazon Web Services, Arbor Networks, Cache Networks, CD Networks, Chinacache, Cloudflare, Distil Networks, Fastly, and Imperva Encapsulate.
FMI researchers also provided a regional analysis of the CDN security market in their report.
North America is the most dominating CDN security market, with a revenue of 28.2%. This is attributed to the growing number of users accessing web content. In addition, initiatives taken by this region's governments contribute to global market growth.
“Asia Pacific is anticipated to hold 39% of the share in the CDN security industry. China, Japan, and India have the majority of the market share in the Asia Pacific content delivery network (CDN) security industry. The market in this region is anticipated to expand rapidly,” says FMI.
FMI also details the impact of new technologies on the CDN security market.
New technologies such as 4K and Ultra HD have been released, which has increased the popularity of online gaming but does not help with the pre-gaming experience because it slows down game downloads. As a result, CDN security is expected to reduce negative feedback from gamers, as it addresses such issues by leveraging a global network of servers and content caching.
A gamer may continue playing a game even if the download size increases due to high-quality graphics and other factors. Scalability is provided by CDN security to enable this capability. Furthermore, it is more likely to see an increase in demand due to the growing number of internet customers using smart devices because of the global digitization movement.