The global transparent caching market 2020 is likely to witness substantial growth at 34% CAGR and reach USD 5.1 billion by 2023.
The increase mainly affects the growth of the global transparent caching market in terms of internet adoption, demand for improved network bandwidth, and capital expenditure reduction. In addition, the growing demand among end-users for quality of experience (QoE) is likely to fuel market growth. The increasing need for transparent caching with the CDN service is the latest industry trend, further raising demand for transparent caching. This is another major factor expected to drive the growth of the global transparent caching market over the forecast period.
Growing demand is anticipated for higher-resolution social media interactions and videos to create opportunities for target marketers to broaden their business presence. During the projected era, cost-efficient strategies are also expected to be a driver responsible for demand growth. Internet service providers have been pushed by the rapid rise in demand for video streaming solutions and the volume of online video content to increase additional bandwidth to meet the increase in demand.
Nevertheless, the lack of security problems among delivery providers is expected to hinder growth.
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The global transparent caching market is segmented into type, component, solution, end-users, and region.
The segment is further categorized into transparent video caching & transparent non-video caching based on form.
The segment is further categorized into hardware, software, and services on the basis of components. Converged servers and switches comprise the hardware segment. You will also categorize the facilities into technical and controlled services.
The section is further divided into cloud security, media distribution, and site output optimization based on the solution.
The category is further divided into mobile operators, Internet service companies, government agencies, DTH providers and others based on end-users.
The global transparent caching market is studied for North America, Europe, Asia Pacific and rest of the world.
Throughout the prediction era, North America is expected to have a large market share. The emergence of key players in the area and the need for enhanced enterprise bandwidth are mainly driving the demand in this region. In this area, the rising adoption of the internet and the increasing trend for online video content are driving the industry. The launch of clear caching in North America is also booming, which affects the region's business growth.
On the other hand, given the clear caching industry, Europe, the Middle East & Africa are projected to show decent progress. The proliferation of content delivery network (CDN) providers for Internet service providers is pushing the competition in this area.
During the forecast period, Asia Pacific is predicted to show strong growth rates. The demand in this area is mainly driven by growing awareness of transparent caching in developed countries and the need to reduce infrastructure costs. The market in this region is driven by growing demand for high bandwidth and increasing subscriber demand for superior quality of experience (QoE) in emerging countries.
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Some of the major players in the global transparent caching market are Qwilt (U.S.), Ericsson AB (Sweden), Google Inc.(U.S.), Symantec Corporation (U.S.), Nokia Corporation (Finland), Cisco Systems, Inc. (U.S.), Ara Networks (South Korea), SuperLumin Networks LLC (U.S.), Fortinet, Inc. (U.S.), Kollective Technology, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), Brocade Communications System, Inc. (U.S.).
Some of the key innovators are Huawei Technologies Co., Ltd (China), MARA Systems GmbH (Germany), PacNet Services (Canada), NTT Communications (Japan), Level 3 Communications, LLC (U.S.), SwiftServe (Singapore), Alcatel-Lucent Enterprise (France), Citrix Systems, Inc. (U.S.), Allot Communications (Israel) and many others.
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