Network Cache Acceleration Service Market: Introduction
- Network cache acceleration service improves the performance of applications and websites by accelerating the interaction between users and applications infrastructure in order to speed up the delivery of static content as well as dynamic content. Furthermore, network cache acceleration service manages network congestion and internal latency. Furthermore, network cache acceleration services are utilized to improve application performance and response time over network connections.
- During the COVID-19 outbreak, governments, organizations, and enterprises are increasingly adopting network cache acceleration service in order to address application challenges that adversely affect performance of both the browser and the server. Social distancing, due to COVID-19, has forced organizations and enterprises to increase web server performance by maintaining in-kernel cache system of web pages, which are accessed during HTTP requests. This is expected to propel the network cache acceleration service market.
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Global Network Cache Acceleration Service Market: Market Dynamics
- Rising demand for delivery of web content at a high speed, for live updates and critical processes, is expected to fuel the network cache acceleration service market
- Cache acceleration services certify up-to-date content, while maintaining website speed. This in turn, is expected to boost the network cache acceleration service market. Network cache acceleration service decreases the page load time considerably and ensures high performance of hypertext transfer protocol (HTTP) and application programming interface (API) content delivery, which in turn, is projected to drive the network cache acceleration service market.
- Rising investment in procurement activities and government funding for enterprises or organizations in developed and developing countries across the world, in order to reduce database cost, is anticipated to propel the global network cache acceleration service market
- Increase in cache acceleration service quality, in order to offer higher request rates (IOPS) relative to a comparable disk-based database, is a key factor that is likely to fuel the market
- Rise in number of small & medium and large enterprises across developing and developed economies is expected to boost the global network cache acceleration service market
- However, lack of awareness among people is estimated to hamper the network cache acceleration service market
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North America to Account for Major Share of Global Network Cache Acceleration Service Market
- In terms of region, the global network cache acceleration service market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa
- North America is anticipated to lead the global network cache acceleration service market, due to increasing hybrid cloud environment in the U.S and Canada. This factor boosts the network cache acceleration service market in North America.
- The market in Europe is anticipated to expand at a high CAGR during the forecast period, due to increasing usage of network cache acceleration for real-time monitoring in order to increase website performance of companies in the region
- The network cache acceleration service market in Asia Pacific is anticipated to hold a substantial share due to a rise in the demand for real-time network optimizations and advanced caching techniques in developing countries such as China and India. Additionally, increasing awareness among enterprises about network cache acceleration service is expected to propel the market across Asia Pacific.
Global Network Cache Acceleration Service Market: Competitive Landscape
Key Players Operating in the Global Network Cache Acceleration Service Market
Companies operating in the network cache acceleration service market are increasingly investing in research & development to develop new and innovative techniques to provide network cache acceleration service. The network cache acceleration service market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global network cache acceleration service market include:
- Akamai Technologies
- Amazon Web Services, Inc.
- CDNetworks Inc.
- F5 Networks, Inc.
- Infoblox Inc.
- Limelight Networks.
- Microsoft Corporation
- Oracle Corporation
- OSTEC
- Varnish Software
- WP Rocket
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