Query caching will store the query results from your database in memory for quick retrieval. It won't always produce a noticeable difference in page load times, but it will free up your server resources by using far less processing power and minimizing bandwidth between your web server and MYSQL database server (for remote database servers). This means your Joomla website will be able to handle many, many more users without slowing down. Luckily for Joomla users, there is a query caching component to make things easy.