TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Digital Platforms & Services

Digital Platforms & Services

Fueled by the Buildup to the Metaverse, the CDN Market is Forecasted to Hit US$24 Billion by 2030

Via ABI Research Media Releases

Mar 22, 2022

ABI Research, a global technology intelligence firm, expects the global CDN market to more than double by 2030, reaching US$23.9 billion. This growth is driven in part by expanding presence in services beyond core content delivery and caching, which includes security (network, content, and enterprise) and edge compute. These newer areas are supported by current trends like direct-to-consumer streaming, hybrid workforces, and migrations to the cloud. Further, the buildup to the metaverse will create additional growth opportunity for CDN providers at the network edge, particularly in the latter half of this decade and beyond.

Michael Inouye, Principal Analyst, Metaverse Markets and Technologies, at ABI Research explains, “The metaverse has received quite a lot of attention recently, and while this longer-term vision is certainly exciting, even with the uncertainties, more attention needs to be devoted to the buildup towards this future. One critical milestone in the buildup to the metaverse will be the arrival of consumer-friendly smart glasses, which will push more user applications and content closer to the edge, fueling growth opportunities for CDN providers.”

Smart glasses create an always on user experience that pushes experiences into the public domain, which increases demands on mobile networks and need for lower latency services. The network edge will develop to meet these demands across a range of ultra-low latency (all sub 1 second) needs that span from cloud XR and compute, real-time communications, and personalization. Personalization, in particular, represents a key market opportunity for CDN providers in the coming years when the metaverse and smart glasses vastly expand the number of touchpoints for applications, content, and services.

“In some regards calling the collection of companies covered in this report, CDN companies is a misnomer. Companies that offer CDN services represent a diverse group, with large incumbents with extensive product portfolios like Akamai to smaller companies focused on agility and innovation like Cloudflare who have already brushed off the CDN moniker and are already offering some services more akin to the cloud platforms like AWS, Google, Microsoft Azure, Tencent, Alibaba, Huawei Cloud, etc. who also offer CDN services,” Inouye clarifies. The demand for edge resources is also generating opportunities for new market developments like Open Caching from the Streaming Video Alliance, which creates additional value for ISPs’ private CDNs and brings additional business to companies like ATEME, Broadpeak, and QWILT.

“As the value of personalization grows and media workflows become more expansive, we expect a greater shift within the more traditional CDN players to follow companies like Limelight Networks which recently announced its acquisition of Edgecast, an early leader in bringing these pieces together under one roof. Steps like this represent another way CDN companies will move closer to the larger cloud companies. The metaverse is still far off but a lot must happen between now and then and the buildup to this future will create opportunities to generate significant market value,” Inouye concludes.

These findings are from ABI Research’s CDN Market Evolutions and the Path to the Metaverse application analysis report. This report is part of the company’s Metaverse Markets & Technologies research service, which includes research, data, and ABI Insights. Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

Related Topics
  • ABI Research,
  • Digital Platforms & Services,
  • Global,
  • Metaverse,
  • Tracker

More Like This

Security

What’s up with… BT & MTN, Quad Nations & Open RAN, Telekom Austria

May 26, 2022

Security

British government cites security concerns as it probes Drahi’s BT stake and the sale of Newport Wafer Fab

May 26, 2022

Digital Platforms & Services

Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock

May 26, 2022

Digital Platforms & Services

Broadcom confirms $61 billion offer to buy VMware

May 26, 2022

Security

BT and MTN Business form strategic alliance to enhance communications services in Africa

May 26, 2022

This content extract was originally sourced from an external website (ABI Research Media Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

9:15

DSP Leaders World Forum 2022 Interview: Mattias Fridström, Arelion

11:34

Neos Networks, "the best kept secret in telecoms"?

46:31

Is hybrid cloud still the optimum strategy for telcos?

2:05

Deutsche Telekom: supporting the grid’s evolution

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).