Blockchain Press Releases
Content Delivery Network Market worth $36.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 20, 2023 /PRNewswire/ — With the rising demand for effective content delivery brought on by increased internet traffic, video streaming, edge computing, mobile connection, and cloud services, the future of the content delivery network (CDN) business is bright. CDNs will prioritise improving security, utilising AI/ML technologies, and delivering seamless user experiences across devices and networks.
The Content Delivery Network Market is projected to grow from USD 21.7 billion in 2023 to USD 36.5 billion by 2028, at a CAGR of 10.9% during the forecast period, according to a new report by MarketsandMarkets™. The proliferation of smartphones and the reliance on mobile devices for internet access create a need for CDN services that optimize content delivery for seamless mobile experiences.
Browse in-depth TOC on “Content Delivery Network Market“
250 – Tables
50 – Figures
300 – Pages
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Scope of the Report
|
Report Metrics |
Details |
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Market size available for years |
2017-2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD) Million/Billion |
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Segments covered |
By Offering, functionality, content type, provider type, application area, and regions |
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Region covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
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Companies covered |
Akamai Technologies (US), Microsoft (US), IBM (US), Edgio (US), Google (US), AWS (US), AT&T (US), Cloudflare (US), Lumen Technologies (US), Deutsche Telekom (Germany), Fastly (US), Citrix systems (US), NTT Communications (Japan), Comcast Technologies (US), Rackspace Technology (US) and many more. |
Based on application area, the Media delivery segment to hold the largest market size during the forecast period.
Media delivery involves the efficient distribution of rich media files like audio streaming, live videos, and video streaming. It focuses on reducing latency and ensuring a high-quality user experience, particularly for online media streaming. CDN companies offer solutions that enable faster and scalable delivery of HD videos, OTT content, games, social media platforms, and software updates. As the number of portable devices increases, CDN solutions help deliver digital content in various formats tailored to each device. Market players such as Akamai, AWS, Verizon, and Comcast offer media delivery solutions to meet the growing demand for seamless and engaging media experiences.
Based on provider type, P2P CDN is projected to register the highest CAGR during the forecast period.
P2P CDN solutions utilize ad-hoc connections to connect delivery nodes for digital content, offering diverse connectivity and consuming more bandwidth compared to traditional CDNs. Deployed at the client’s side, P2P CDNs leverage peer bandwidth, reducing network costs for content providers. The number of peers directly impacts network costs, making P2P CDN attractive for optimizing web performance. Factors such as the demand for 4K content, digitalization, and increasing internet penetration are driving the growth of the P2P CDN market segment, particularly with the growing popularity of video streaming.
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Based on application area, the media and entertainment segment to hold the largest market size during the forecast period.
The media and entertainment industry relies heavily on CDN solutions to deliver users fast, secure, and uninterrupted viewing experiences. The increasing demand for online video streaming has driven the growth of this segment. CDN solutions optimize content delivery, reducing delays and enhancing device visual quality. By leveraging CDN technology, media and entertainment enterprises can cater to a global audience, offering seamless access to content regardless of location. Cloud-based services and CDN implementations support on-demand content, online audio streaming, podcasts, and live web episodes. The vast amount of data shared on social media platforms necessitates reliable CDN solutions for media production companies, animation studios, TV channels, and post-production teams. The evolution of higher-resolution imaging standards and the exponential growth in data sizes require robust CDN solutions. Key players in the CDN market for media and entertainment include Akamai, StackPath, and Limelight.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific, an emerging economy, is projected to achieve the highest CAGR in the CDN market during the forecast period. The region, including China, Japan, and South Korea, is experiencing significant growth driven by increasing content consumption, expanding internet subscriber base, and rising smartphone usage. The adoption of live video streaming, OTT services, and the surge in media, entertainment, gaming, and education sectors due to COVID-19 lockdowns further contribute to market growth. The booming eCommerce industry and the adoption of internet TV in countries like India, China, Korea, and Singapore also fuel the demand for CDN solutions. Major CDN vendors have established data centers in Asia Pacific to meet the growing demand and enhance customer experience while ensuring security compliance.
Top Key Companies in Content Delivery Network Market:
The major vendors covered in the Content Delivery Network Market include Akamai Technologies (US), Microsoft (US), IBM (US), Edgio (US), Google (US), AWS (US), AT&T (US), Cloudflare (US), Lumen Technologies (US), Deutsche Telekom (Germany), Fastly (US), Citrix systems (US), NTT Communications (Japan), Comcast Technologies (US), Rackspace Technology (US), CDNetworks (South Korea), Tata Communications (India), Imperva (US), Broadpeak (France), Quantil (US), StackPath (US), G Core Labs SA (Luxembourg), Tencent Cloud (China), OnApp Limited (UK),EVG Corp (Vietnam), Kingsoft Cloud (China), Bunny.net (Slovenia) and Baishan Cloud (US).
Recent Developments:
- In June 2023, Cloudflare partners with Databricks, the data and AI company, to enable organizations to safely, simply, and affordably share and collaborate on live data.
- In February 2023, Akamai Technologies launches Akamai Connected Cloud, a distributed edge and cloud platform for cloud computing, security, and content delivery. The new Akamai Connected Cloud is an attempt to unify Akamai’s cloud effort with core computing, distributed cloud, and edge platform capabilities.
- In June 2022, Limelight Networks acquired Edgecast from Yahoo! Inc. and rebranded itself to Edgio.
- In April 2022, Disney partnered with its streaming division and Lumen Technologies to standardise CDN configuration metadata and application programming interfaces (APIs) for the streaming video industry.
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Content Delivery Network Market Advantages:
- CDNs are made to provide material from servers positioned in several areas. The latency of websites and online apps is decreased and their loading times are increased by CDNs by caching content closer to the end users. The user experience is thus quicker and more responsive.
- A distributed network of servers located in many countries across the world makes up CDNs. Regardless of the users’ actual location, businesses can transmit their content to them using this worldwide infrastructure. By allowing access from the closest CDN server, users may minimise journey time and improve content delivery.
- High traffic volumes and unexpected demand surges are no match for CDNs. Depending on the traffic patterns, they can automatically scale up or down and divide the load among several servers. This makes sure that even during times of high traffic, websites and applications are accessible and responsive.
- By replicating content over numerous servers located in various locations, CDNs implement redundancy. The CDN automatically switches requests to a backup server if one server is offline or having problems, ensuring high availability and reducing downtime.
- CDNs assist content producers in saving money on bandwidth. Businesses can reduce the bandwidth utilisation of their origin servers by outsourcing the delivery of content to the CDN. By utilising compression techniques to minimise the amount of data transported and, as a result, reduce bandwidth costs, CDNs optimise content delivery.
- To defend against DDoS assaults, data breaches, and other criminal actions, CDNs offer a variety of security capabilities. By dividing the traffic among several servers and filtering out malicious requests, they can lessen the effects of widespread attacks. Additionally, CDNs provide SSL/TLS encryption to safeguard sensitive data sent between users and websites during transmission and for secure content delivery.
- The use of mobile devices is growing, hence CDNs provide mobile optimisation methods such picture optimisation, device identification, and adaptive streaming. Through these optimisations, content is efficiently delivered to mobile consumers, ensuring a consistent user experience across various devices and network setups.
Report Objectives
- To determine and forecast the global Content Delivery Network Market by offering (solutions, and services), content type, provider type, application area, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Content Delivery Network Market.
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Content Delivery Network Market.
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Content Delivery Network Market.
- To profile the key market players; provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market.
- In the market, track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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