According to a new market research report "Load Balancer Market by Component (Hardware, Software, and Services), Load Balancer Type (Global Load Balancer and Local Load Balancer), Deployment Type, (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the load balancer market expected to grow from USD 2.6 billion in 2018 to USD 5.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period.Increased awareness among enterprises about the benefits of cloud and networking technologies coupled with increasing network complexity and varied traffic pattern are major growth factors for the global load balancer market.Browse in-depth TOC on "Load Balancer Market”67- Tables43- Figures151- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236964606Integration and deployment services segment to grow at the highest CAGR during the forecast periodIntegration and deployment services help enterprises in the efficient deployment of load balancers to provide effective network traffic distribution.

Integration services provide effective integration of vendors’ load balancing offerings with clients’ existing infrastructure and business functions.Global load balancer segment to grow at a higher rate during the forecast periodThe global load balancer segment is expected to grow at a higher CAGR in the load balancer market by load balancer type during the forecast period.

Global load balancers facilitate network traffic distribution to a group of data centers in various geographic locations.

Companies are increasingly deploying server resources at multiple locations that require efficient traffic distribution resulting in an increased demand for load balancers.Cloud-based deployment type segment to grow at a higher rate during the forecast periodThe cloud-based load balancer segment is expected to grow at a higher CAGR in the load balancer market by deployment type during the forecast period.

Major vendors in the global load balancer market include AWS (US), F5 Networks (US), Citrix Systems (US), Microsoft (US), HPE (US), IBM (US), Google (US), Imperva (US), NGINX (US), Radware (Israel), Fortinet (US), A10 Networks (US), Kemp Technologies (US), Riverbed Technologies (US), Fastly (US), Dialogic (US), Avi Networks (US), Joyent (US), Inlab Software (Germany), Cloudflare, Inc. (US), Zevenet (Spain), Array Networks (US), Avanu (US), Barracuda Networks (US), and loadbalancer.org (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

The global Web Application Firewall Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the web application firewall market include Akamai Technologies Inc., Barracuda Networks Inc., Citrix Systems Inc., F5 Networks Inc., Imperva Inc., Fortinet Inc., Applicure Technologies Ltd., Qualys Inc., Cloudflare Inc., Radware Ltd.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Web Application Firewall Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/web-application-firewall-market/download-sampleMarket DynamicsThe increase in adoption for cloud-based solutions all across the globe and the growing application areas across various industry verticals are the major factors driving the web application firewall market over the forecast period.

In addition to that, huge venture capital investments in research and development activities to design solutions with improved capabilities are likely to create a positive impact on the growth of the web application firewall market.

Due to rising digitization and online stores trend, many organizations are changing their business model to online business which is expected to create a lucrative opportunity for the key players in the coming years.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.

Global Load Balancer Market was valued US$ 2.5Bn in 2018 and is expected to reach US$ 8.6Bn by 2026 at a CAGR of 16.7%.This report focuses on load balancer in the global market.

This report also focuses on the top players in North America, Europe, Asia Pacific, Middle East & Africa, and South America.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.

The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global load balancer market.Load balancers facilitate network traffic distribution to a group of data centres in several geographic locations.

They are located at a single site and provide load balancing too many sites or data centres.

The IT and telecom segment is dominating the global load balancer market.