ID: MRFR/ICT/4537-HCR | 100 Pages | Published By Ankit Gupta on April 2023
The Transparent Caching Market is Projected to reach up to US$ 9.12 Billion with a 33.42% CAGR by 2030
2022 - 2030
The global transparent caching market is expected to grow from a global market sum of USD 876.6 Million during the historic forecast period that ended in 2017 to USD 9.12 Billion by the end of the current forecast period that will be ending in 2030, at a Compound Annual Growth Rate (CAGR) of 33.42%. The base year considered for the study is 2021, while the forecast period for the global market is 2022-2030.
There has been substantial growth of the global transparent caching market which is driven by various factors, such as the need for a reduction in the cost of network infrastructure and the need for improved network bandwidth which is felt mainly during the ongoing forecast period. There are increased problems of network congestion that can be tackled with the help of transparent caching solutions Installation of caches across the network can help the prominent service providers to offer popular content on the network, thereby reducing the amount of traffic across the circulated network. Bandwidth, as a part of the transparent caching market, plays an important role in business profitability while working on improving the user experience. The prominent service providers are getting an advantage from transparent caching technology by saving the bandwidth cost.
The outbreak of the novel coronavirus pandemic has had an impact on the transparent caching market. The pandemic has been an alarming situation and the impact has had the market players opt for an alteration in the demand patterns and lifestyle. The outbreak has further, caused the global target audience to make alterations to their preference and hence, has had an impact on the working of the market players, their segments, and market companies. The pandemic is creating a halt of the market services that are further, creating issues for the mandatory production scale and patterns to make judicious use of the raw materials, resources, and other market stuff.
The transparent caching market has the best asset in the form of constant internet that is helping the market win this situation. The virtual working and the work-from-home scenario have positive attributes in-store during the forecast period ending in 2023.
The transparent cache market is primarily driven by major market factors like the increasing adoption of the internet expected during the anticipated period. The rising internet traffic is likely to be growing at a rapid pace which is mainly driven by videos. As rich media downloads and video streaming as a part of the global market continue to deluge operator networks, with no end in sight, network operators are deploying and assessing transparent Internet caching inside the networks to report a wider choice of Internet content. It is used to decrease the network bandwidth and the related infrastructure costs that are being related to over-the-top content and also to distinguish their consumer broadband service and provide improved user performance. This is likely to drive the global transparent caching market during the forecast period that will be ending in 2028.
Browse dependency, as a part of the global transparent caching market, is one of the factors hindering the growth of this market. To operate successfully, most of the transparent caches are likely to be dependent on the browser delivering the hostname in the HTTP request header of the origin server. This is essential since these caches are likely to be unable to use the endpoint IP address of the origin server from the IP address of the packet. Some initial browsers are known to not offer this information and consequently are not likely to work correctly with these transparent caches; however, currently, 90% of the market browsers satisfy the above requirements.
Key beneficiaries that are a part of the transparent caching market are internet service providers and market end-users. From a fiscal perspective, if a service provider makes use of a CDN to assist on content, the available content still essentially navigates a portion of the backbone of the ISPs, adding to the extra transport charges for every video that has been served. However, in a transparent caching situation, most of the market content of interest to the ISP's precise user base is reliable and accessible. By eradicating the possible delays related to the content origin and Internet, transparent caching permits the operators to emphasize their investment made in the network access and further, offer more content at top speeds. Cost-efficient solutions, as a part of the transparent caching market size, are also likely to be a factor responsible for the growth of the market during the forecast period. The uprising swift upsurge in demand for video streaming solutions and the volume of online video content has pushed the internet service providers to increase additional bandwidth to cater to the rise in demand.
The transparent caching market report has been segmented based on the following:
The global transparent caching market has been segmented based on regions into 5 major regions. These regions include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The North American region is estimated to be the largest revenue-generating region. This is mainly because, in the functionally developed economies of the US and Canada, there is a high focus on innovations obtained from the research and development activities. These geographical regions have the most competitive and rapidly changing market in the world. The APAC region following the global market is expected to be the fastest-growing region in the transparent caching market. There has been an increased awareness for business productivity, supplemented with competently designed transparent caching solutions offered by vendors present in the Asian Pacific region has led APAC to become a highly potential market.
The transparent caching market is witnessing the emergence of competition because of the understated market players:
The objective of the transparent caching market report is to define, describe, and forecast the size of the transparent caching market based on content type including live streaming video, static videos, and others, software including policy management, security, and analytics, hardware, services like professional and managed market end-user like ISPs, telecom operators, direct-to-home (DTH) Cable service Providers, enterprises, governments, and others, and the global market regions. The report also aims to provide a piece of detailed information about the major factors influencing the growth of the transparent caching market.
|Market Size||USD 9.12 Billion (2030)|
|CAGR||33.42% (2022 - 2030)|
|Forecast Period||2022 - 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Component|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cisco Systems, Inc. (U.S.), Ericsson AB (Sweden), Google Inc.(U.S.), Qwilt (U.S.), Symantec Corporation (U.S.), Nokia Corporation (Finland), Ara Networks (South Korea), SuperLumin Networks LLC (U.S.), Kollective Technology, Inc. (U.S.), Fortinet, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), Brocade Communications System, Inc. (U.S.).|
|Key Market Opportunities||Asia Pacific is expected to show high growth rate during the forecast period. Rising awareness of transparent caching in the developing countries and need for reducing infrastructure costs are primarily driving the market in this region.|
|Key Market Drivers||Rising awareness of transparent caching in the developing countries and need for reducing infrastructure costs are primarily driving the market in this region.|
The global market is likely to attain a global CAGR of 33.42% during the forecast period. (2022 - 2030)
The North American market is likely to attain global domination during the period.
The global market is expecting a final market revenue worth USD 9.12 billion.