As the Intet and World Wide Web grow at a fast pace, it is essential that the Web’s performance should keep up with increased demand and expectations. Web Caching technology has.been widely accepted as one of the effective approaches to alleviating Web traffic and increase the Web Quality of Service (QoS). This paper provides an up-to-date survey of the rapidly expanding Web Caching literature. It discusses the state-of-the-art web caching schemes and techniques, with emphasis on the recent developments in Web Caching technology such as the differentiated Web services, heterogeneous caching network structures, and dynamic content caching.