The global transparent caching market is expected to grow from USD 876.6 Million in 2017 to USD 4,274.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 37.28%. The major growth drivers of the transparent caching market include the rising subscribers’ demand for superior Quality of Experience (QoE), the need for reduction in cost of the network infrastructure, and the need for a bandwidth.
Seattle, WA -- (SBWIRE) -- 07/06/2017 -- The growth of the global transparent caching market is driven by various factors, such as need of reduction in cost of network infrastructure and need for improved network bandwidth. The increased problems of the network congestion can be tackled with the help of transparent caching solutions Installation of caches across the network can help service providers to offer popular content on the network, thereby reducing the amount of traffic across the network. Bandwidth plays an important role in business profitability while working on improving the user experience. Service providers are getting advantage from transparent caching technology by saving the bandwidth cost. The global transparent caching market is expected to grow from USD 876.6 Million in 2017 to USD 4,274.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 37.28%. The base year considered for the study is 2016, while the forecast period is 2017–2022.
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The objective of the report is to define, describe, and forecast the size of the transparent caching market on the basis of content type (live streaming video, static videos, and others), software (policy management, security, and analytics), hardware (converged server and switches), services (professional and managed), end-user (ISPs, telecom operators, direct-to-home (DTH) Cable service Providers, enterprises, governments, and others), and regions. The report also aims to provide detailed information about the major factors influencing the growth of the transparent caching market (drivers, restraints, opportunities, and challenges).
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The research methodology used to estimate and forecast the global transparent caching market size begins with the capturing of data on the key vendor revenues through secondary research, annual reports, IEEE, Factiva, Bloomberg, and press releases. The vendor offerings are also taken into consideration to determine the market segmentations. The bottom-up procedure is employed to arrive at the overall market size from the revenues of the key market players. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the figure given below
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