Global Transparent Caching Market to Grow at 24.3% During 2024-2032, Impelled by Growing Demand for Improved Network Bandwidth

April 23, 2021 | Technology & Media

According to the latest report by IMARC Group, titled "Transparent Caching Market Report by Content Type (Live Streaming Videos, Static Videos, and Others), Component Type (Software, Hardware, Services), End-User (ISPs, Telecom Operators, Direct-to-Home (DTH) Cable Service Providers, Enterprises, Governments, and Others), and Region 2024-2032," the global transparent caching market reached a value of US$ 4.8 Billion in 2023. Transparent caching is an inbuilt storing solution integrated with a software or computer system that assists in storing files and web pages in the memory. Instead of being directed from the source of the content, the required data is delivered from the nearest cache. Consequently, its use makes the delivery of the requested file faster, easier as well as invisible for both the end users and content creators. It also enables service providers to control a large number of content requests from the end users in an efficient and streamlined manner. As a result, transparent caching is widely deployed across websites, mainstream computing and operating systems.

Global Transparent Caching Market Trends:

The global market is primarily driven by the rising demand for improved network bandwidth. The escalating popularity of over-the-top (OTT) media services across the globe has resulted in a rise in the incidences of network congestion. The deployment of transparent caching minimizes network bandwidth consumption and enables service providers to curb the issues associated with network congestion in an effective manner. Their usage also enhances the quality of viewer experience and lowers the overall operating expense by enabling the existing internet links, switches and network routers to handle more traffic. The market is further driven by the increasing integration of content delivery network (CDN) with transparent caching for improving the network performance of several businesses. Apart from this, the advent of advanced caching technology that offers fully managed service to streamline ongoing operations is also acting as a major growth-inducing factor. On account of the aforementioned factors, the market is expected to grow at a CAGR of 24.3% during the forecast period (2024-2032).

Market Summary:

On the basis of the content type, the market has been divided into live streaming videos, static videos and others.
Based on the component type, the market has been classified into software (policy management, security and analytics), hardware (converged servers and switches) and services (professional and managed services).
On the basis of the end user, the market is categorized into ISPS, telecom operators, direct-to-home (DTH) cable service providers, enterprises, governments and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Akamai Technologies Inc., ARA Networks, Brocade Communications Systems, Cisco Systems Inc., Citrix Systems Inc., Ericsson, Fortinet Inc., Google Inc., Huawei Technologies Co. Ltd., Kollective Technology Inc., Level 3 Communications LLC, Nokia Corporation, Qwilt, Superlumin, and Symantec Corporation Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Content Type, Component Type, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Akamai Technologies Inc., ARA Networks, Brocade Communications Systems, Cisco Systems Inc., Citrix Systems Inc., Ericsson, Fortinet Inc., Google Inc., Huawei Technologies Co. Ltd., Kollective Technology Inc., Level 3 Communications LLC, Nokia Corporation, Qwilt, Superlumin and Symantec Corporation Ltd.
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Global Transparent Caching Market to Grow at 24.3% During 2024-2032, Impelled by Growing Demand for Improved Network Bandwidth

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