USD 4.72 Billion
Report ID:
SQMIG45A2347 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|Tables:
92
|Figures:
71
Global Transparent Caching Market size was valued at USD 4.72 Billion in 2022 and is poised to grow from USD 5.87 Billion in 2023 to USD 49.64 Billion by 2031, growing at a CAGR of 23.8% during the forecast period (2024-2031).
The concept of transparent caching is the one which involves storing the data next to the subscriber to serve the future requests for the same data quickly. While caching was the only area of website hosting and delivery, it has advanced to mainstream computing and is even integrated into the latest operating systems. In the world of transparent caching content is not pre-provisioned, but the system must identify which is the most popular content from different sources and then stores it locally for delivery. The caching and distribution can be done on a statistical basis by detecting the most requested content, or in accordance with the business rules, in which it is propagated to the local delivery layer via open application program interfaces (APIs).
Transparent caching provides various benefits, including the improvement of user performance and QoE (Quality of Experience) and the reduction of bandwidth usage in the network. It also decreases CAPEX and OPEX by equipping the existing network routers, switches, and internet links to handle more traffic. Furthermore, the rise of video content is a chief driver of the market rising, because it is the largest and fastest growing category of network traffic load over mobile devices. Besides, the most of top IT companies are focusing on the caching technology as a fully managed service to simplify the deployment and ongoing administration. For example, Qwilt, a developer of Edge Cloud applications, has launched “Qwilt Live Stream Cache” - a caching solution for increasing the quality of both live and on-demand streaming videos by caching content at the network edge, close to the consumers.
Global Market Size
USD 4.72 Billion
Largest Segment
Fastest Growth
Growth Rate
23.8% CAGR
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The global transparent caching market is segmented by content type, component type, end user and region. Based on content type, the market can be segmented into Live Streaming Videos and Static Videos. Based on component type, the market is segmented into software, hardware and services. Based on end user, the market is segmented into ISPs, Telecom Operators, Direct-to-Home (DTH) Cable Service Providers, Enterprises, Governments, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific and LAMEA
Analysis by Content Type
The market can be divided into three main groups according to the type which are Live Streaming Videos, Static Videos, and Others. Live Streaming Videos: Here, in this category, the clear caching solutions are deployed to deliver real-time content, for example, live broadcasts, and thus to optimize the data transmission and minimize the latency. Static Videos: In this regard, the primary consideration is the improvement of the service delivery of pre-recorded content, such as on-demand video and video on-demand services, by caching static video files closer to the end-users. Others: This category of mixed content types comprises various formats like images, software updates, and other data formats, and in these situations, the transparent caching technology is critical for smooth delivery and better network efficiency.
Analysis by Component Type
In terms of component type, the Transparent Caching market is categorized into software, hardware and services. Under the hardware segment, the converged server's segment is expected to hold a higher CAGR, and the largest market size as compared to the switches segment during the forecast period. A lot of cached files can be kept on the disk due to the often HTTP and Peer-to-Peer (P2P) cache. Users may not be able to access the cached files on the disks, since they are not using them very often. Using state-of-the-art transparent caching and disk recycling technology, it is possible to harness and reuse a much larger disk space. The software segment allows transparent caching that provides high-end and reliable security solutions to achieve security objectives. Caching software, when advanced features are used, such as Safe Search enforcement and keyword filtering, provides the web filtering solution that makes the tasks of controlling the access to websites much easier. The professional service providers undergo the network traffic analysis, service types, hit rates, deployment locations, redundancy and service availabilities, and business and regulatory requirements. Moreover, professional service providers are best at giving deep insights into professional services such that ISPs can also deploy transparent caching solutions and accelerate business operations in a secure manner.
Analysis by End User
Segmenting the market based on end user, the global market can be grouped as ISPs, Telecom operators, Enterprises, Governments, & Others. ISPs: Caching systems that provide transparency are key in delivering content effectively and in ensuring optimum network performance, as more and more online content becomes accessible. Telecom Operators: They utilize the cloud in an intelligent manner such that they have effective control of data traffic, especially in congested applications like streaming video. Enterprises: The solutions increase the efficiency of internal content delivery, making the resources of the company more accessible and multimedia content richer. Governments; They use transparent caching to serve the public with reliable and efficient content delivery. Others: This category ranges from the application of transparent caching in the education and health sectors where it is very practical, to other sectors where this technology is used.
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The market can be broken down into Europe, Latin America, Asia Pacific, North America and Middle East & Africa. North America is the biggest leader in the transparent caching market share, mainly due to its technological abilities and early adoption of advanced network solutions. Being home to major tech hubs and an advanced IT infrastructure, the United States and Canada have implemented transparent caching that satisfies growing demand for high-end content delivery. The region’s dominance is also driven by an aggressive adoption by enterprises and service providers in which they are adopting new technologies, improving network efficiency, and providing a better user experience. Since North America remains a global leader in technology advancements and digital content consumption, its dominant position in the transparent caching market signifies that the landscape is technically sound and is the driving force behind content delivery solutions evolution.
The APAC region is the fastest growing region for the global transparent caching market, supported by the growing consciousness amongst businesses. This is complemented by the introduction of sophisticated and transparent caching solution design from vendors existing in Asia Pacific (APAC) region which has, in turn, made it a potentially promising market.
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Drivers
Rising Demand for High-Quality Video Content to Fuel Growth
Rising Need for Network Congestion Mitigation to Drive Demand in the Market
Restraints
Budget Constraints to Impede the Market Expansion
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As the subscribers’ demand for the best Quality of Experience (QoE) rises, cost of the network infrastructure needs to be reduced, and the available bandwidth is becoming limited, the requirement for transparent caching will increase significantly soon. The well-known key players in the Transparent Caching industry are Cisco Systems, Ericsson, Google, Qwilt, Symantec, Nokia, etc.
Cisco designs and sells a broad range of technologies that power the Internet. They are integrating product portfolios across networking, security, collaboration, applications and the cloud to create highly secure, intelligent platforms for our customers’ digital businesses. Cisco had a total revenue of USD 56,998 millions as of 29 July 2023. Cisco has increased its R&D Expenses by 13.2%, 6,774 million in 2022 to 7,551 million in 2023.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our global Transparent Caching market study, the Transparent Caching industry is growing at a rapid rate on account of the escalating need for robust content delivery solutions. Being in a position where there is an increase in online content, the innovations in caching deal with the challenges of overloading the band and high latency, with specific emphasis placed on the rate of growth of streaming services and online videos. This technology is at the centre of attention as the most significant one for network operators because they need to ensure high-resolution playback and live streaming without any buffering for the users.
It is also influenced by the growth of the market due to the fast adoption rate of Over-the-Top (OTT) services that, on the other hand, needs a cloud caching as a service. As a result, users nowadays rather fixate on streaming services for their entertainment which exerts pressure on the network capacity. Transparent caching solves the problem of both the network congestion and the quality-of-service degradation; thus, it provides win-win solution for both consumers and providers. Moreover, the rapid technological progress especially the embracement of the 5G networks create the need for new opportunities and challenges to be tackled as far as the cache transparency is concerned. The advent of 5G networks with higher speeds and reduced latency necessitates a transparent caching that becomes more important to enterprises as they realize that content delivery networks optimization becomes their competitive edge.
Moreover, we have observed an uptrend in cloud-based transparent and user-friendly solutions that are easy to use due to their high scalability, flexibility and cost-effectiveness. This involves the wide industry adoption of software architectures that are based on the cloud technology, which is what most of the enterprises will adopt because of their agility and flexibility. Transparent caching is considered as a priority for enterprises, who use it as a way of enhancing the website performance, off-loading servers and, in the end, enhancing user satisfaction. Consequently, the implementation of such technology is carried across numerous industry sectors, which is also contributing to the market expansion and innovation in the content delivery technologies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.72 Billion |
Market size value in 2031 | USD 49.64 Billion |
Growth Rate | 23.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Transparent Caching Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Transparent Caching Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Transparent Caching Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Transparent Caching Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45A2347
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