The transparent caching market 2020 can reach a valuation of USD 5.1 Bn by 2023-end, reveals Market Research Future (MRFR). The market is set to advance at an attractive rate of 34% during the forecast period (2017 to 2023).
Growth Boosters and Key Barriers
Transparent caching offers the service providers the ability to control a huge number of content requests from end users. The technology enables the service providers to gain better control over learning the type of cached memory and the time it takes to be delivered to the end users. Transparent cache helps evaluate the most popular content on the network as well as stores whenever requested. The technology does not require any subscribers, business logic by content providers or content delivery networks (CDNs). Transparent caching also enhances the performance of the subscribers, while significantly reducing the network bandwidth consumption across the network. The combination of these factors are boosting the demand for transparent caching across the globe.
Transparent caching solutions have reshaped the entire market, with respect to technology. The factors boosting the market growth market include the surge in internet traffic, which gives rise to network congestion. In a bid to handle this, transparent caching is used across the network to bring down the amount of traffic.
Some other growth-inducing factors in the transparent caching market include the rising need to elevate the network bandwidth and reduce the cost of network infrastructure. In terms of business profitability, bandwidth has a significant role in improving the end user experiences and since transparent caching is an automatic solution, the network trafficking can easily be handled and maintained throughout its use. The rising acceptance of the integrated CDN as well as transparent caching to ramp up the businesses network performance is leading to strong market growth across the world.
Transparent Caching Market has been segmented with respect to type, component, solution and end-users.
The types of transparent caching are transparent video caching and transparent non-video caching.
The components covered in the report are hardware, software, and services. The hardware types are converged server and switches. The services segment can be dissected into professional and managed services.
The solution-dependent segments include media delivery, web performance optimization and cloud security.
The various end-users that deploy transparent caching are internet service providers, telecom operators, DTH providers, government organizations, and others. Currently, almost all the prominent telecom service providers, mobile operators and MSO (multiple system operator) are planning to use some type of open caching technology, which is considered to be a necessary element in the network to curb the consumption rate of OTT video content and also deliver an enhanced end-to-end user experience.
The current trends along with the opportunities in the transparent caching market have been studied in the regions of North America, Europe, Asia Pacific (APAC) and the rest of the world (RoW).
North America is expected to clinch the top rank in the global market during the appraisal period, on account of the large pool of companies that are well-known at a global level. Also, the mounting need for better bandwidth among enterprises and the surging demand for quality of experience (QoE) among end-users can stimulate the market growth in the coming years.
APAC can soon note the highest growth rate, thanks to the surging awareness about transparent caching in developing nations like India and China. Moreover, the increasing requirement to reduce infrastructure costs and the soaring demand to bring down infrastructure costs can uplift the demand for the transparent caching market in the region.
The top companies operating in the market for transparent caching are Ericsson AB (Sweden), Qwilt (U.S.), Symantec Corporation (U.S.), Brocade Communications System, Inc. (U.S.), Nokia Corporation (Finland), SuperLumin Networks LLC (U.S.), Kollective Technology, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Fortinet, Inc. (U.S.), Akamai Technologies Inc. (U.S.), Ara Networks (South Korea), Google Inc.(U.S.), and others.
The significant innovators in the worldwide market include Alcatel-Lucent Enterprise (France), NTT Communications (Japan), MARA Systems GmbH (Germany), Level 3 Communications, LLC (U.S.), PacNet Services (Canada), SwiftServe (Singapore), Allot Communications (Israel), Huawei Technologies Co., Ltd (China), Citrix Systems, Inc. (U.S.), to name a few.
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