Global Transparent Caching Market Scope

Global Transparent-Caching Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global transparent-caching market is estimated to garner a revenue of ~USD 7 billion by the end of 2031 by growing at a CAGR of ~17% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 2 billion in the year 2021. Transparent caching improves the user experience by identifying the popular content in a network, storing it locally, and delivering it from the network edge on request. Content providers, subscribers, or content delivery networks (CDNs) are not required to change the business logic or behavior for content delivery by transparent caching. The market growth during the forecast period can be primarily attributed to the increase in network bandwidth consumption. The global bandwidth usage in 2021 was estimated to be ~933 Tbit/s.

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The global bandwidth usage was ~720 Tbit/s, thus it can be observed that there was a ~31% increase in the global bandwidth usage in 2020-2021. A transparent cache also reduces global internet traffic, which is predicted to reach ~274 exabytes/ month by 2022. Mobile internet traffic for the same year is projected to reach 77 exabytes/ month. The increase in internet traffic is mostly attributed to the increase in web surfing, over-the-top (OTT) content, online games, and more. As internet traffic increases, transparent caching is demanded by multi-system operators and network operators, thus creating opportunities for the global transparent-caching market growth.

Global Transparent-Caching Market: Growth Drivers and Challenges

Growth Drivers

• Steady Increase in Internet Usage - As of April 2022, ~64% of the global population were internet users, amounting to more than 4 billion users. ~94% of these internet users were social media users.  Between 2019 and 2018, it was observed that there was a ~6% increase in the number of people using the internet. As of 2021, developed countries have internet users covering up to 91% of their population. However, for the developing countries, this amounts to ~58% of the total population.  The rise in the number of people using the internet can be attributed to factors, including worldwide trade of digitally available services, cybersecurity risks, digital technology use, data sovereignty, and urbanization.

• Growth in the Usage of Smart Phones - It is predicted that by 2025, ~81% of all global connections should be from smartphones. Presently, about 53% of the world's population uses the internet on mobile phones. Smartphone users in the age group 18-29 constitute ~95%. It has been estimated that, on average, smartphone users spend close to 3 hours per day on smartphones. With a majority of the world population owning smartphones and using internet connection on mobile phones, web traffic is on the rise, creating opportunities for the global transparent-caching market.

• Growing Content Delivery Network (CDN) Service - Presently ~4% of the entire internet employs CDN. More than 4,100 of the top 100,000 websites use a CDN and constitute ~42%. It is predicted that Mobile-app CDN should grow ~22% by 2026.  Mobile-app CDN is predicted to grow at 22.3% by 2026. The loading speed of a website with a CDN is twice faster as that of one without a CDN. It is estimated that CDN reduces website latency by an average of ~84%.

• High Number of Social Media Users - Presently, close to 60% of the world, which amounts to ~5 billion people use social media. In the past year, the number of new users who have come online should have reached up to 425 million. Further, users spend an average of 3 hours daily on social media.

• Effective Usage of Analytics - Analytics helps content strategists and content marketers learn about their clients, customers, and readers and their journey as users. In 2020, ~66% of international organizations increased their spending on analytics. For ~28% of these organizations, security is the most significant reason for choosing an analytics solution.

Challenges

• Dependency on What is Being Browsed

• Initial Browsers Not Delivering the Host Name

• Caching Servers Being Hacked

The global transparent-caching market is segmented and analyzed for demand and supply by content type into live streaming videos, static videos, and others. Of these, the static video segment is anticipated to hold the largest market size by the end of 2031. The segment's market growth can be primarily attributed to videos being the leading source of information. Video has been estimated as the foremost source of information for ~67% of people. It has been estimated that more than 499 million people watch videos on Facebook daily. Online videos are watched for an average of ~7 hours weekly. The video has also gained a lot of significance in marketing. Over 82% of businesses use video as a part of their marketing strategy. Another factor leading to the growth of the market is the parallel growth of mobiles. It has been estimated that ~51% of videos are streamed on mobile. Further, YouTube, a popular mobile app gets ~71% of the web traffic from mobile.

Global Transparent-Caching Market Regional Synopsis

Regionally, the global transparent-caching market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2031. The popularity of video content, the use of broadband, and smartphones are factors contributing to the market growth. It has been estimated that the U.S. spends an average of more than 320 minutes per week watching video content. As of 2022, ~78% of U.S. adults have broadband connections at home. In 2019, the U. S. and Canada were among the first ten smartphone countries. Thus, the usage of smartphones is another factor driving the global transparent caching market growth.

Market Segmentation

Our in-depth analysis of the global transparent-caching market includes the following segments:

Key Companies Dominating the Global Transparent-Caching Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global transparent-caching market that are included in our report are ARA Networks Co., Ltd ., Brocade Communications Systems, Inc. (Broadcom Limited), Cisco Systems, Inc., Citrix Systems, Inc., Telefonaktiebolaget LM Ericsson, Fortinet, Inc., Kollective Technology, Inc ., Qwilt Inc ., Google, STRATACACHE, and others.

Global Transparent-Caching Market: Latest Developments

• December, 2021: Kollective Technology, Inc. - announced launching EdgeCache, to enable the largest brands in the world to crack a variety of on-demand and live video use cases to enhance employee engagement and corporate communications.

• December, 2020: Company Name - announced collaborating with TIM Brazil to introduce their new Content Delivery Network (CDN) solution in the Brazilian market with a unique technology founded on open caching.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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