Global Transparent Cache Market 2017-2021

Overview of the global transparent cache market

According to Technavio’s market research report, the global transparent cache market will grow rapidly and post an impressive CAGR of more than 36% during the forecast period. The increasing number of cost-efficient solutions provided by various vendors will drive the growth prospects for the global transparent cache market from 2017 to 2021. With the growing trend for online video content, the market is experiencing a high demand for data and streaming that compels Internet service providers to invest a huge amount in upgrading their networks by improving bandwidth management. This helps them to accommodate the increasing volume of data and improve their profit margins. Consequently, these service providers are increasingly adopting the concept of transparent caching since it reduces network loads by storing content on the server close to the end-user. Furthermore, transparent caching also helps to reduce capital expenditure and enhances the subscriber's quality of experience (QoE), which in turn, will accelerate the growth of the market.

During 2016, the Americas contributed for the highest share of the transparent cache market. However, due to factors including the increased dependance of various network operators such as China Telecom, NTT, Singtel, and Bharti Airtel in countries like Japan, South Korea, and Singapore on transparent cache to provide an enhanced QoS to the end-users and improve networks, APAC will be the major revenue contributor to the market by the end of the forecast period.

Competitive landscape and key vendors

The transparent cache market is characterized by the presence of numerous vendors and is highly competitive. Factors such as intense competition, rapid advances in technology, and frequent changes in consumer preferences pose as significant risks to the growth of the vendors in this marketspace. Vendors are increasingly competing against each other based on factors such as performance, innovation, cost, and financial stability. The competitive environment of the market will intensify in the coming years due to product extensions and rapid technological changes. To survive and succeed in this highly competitive environment, vendors are increasingly concentrating on distinguishing their products and service offerings through a clear and unique value proposition.