According to the latest report by IMARC Group, titled “Load Balancer Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” the market to reach US$ 8.9 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
A load balancer represents a device that reverses proxy and distributes network or application traffic to various servers. It instantly redirects its workload to a backup server if a server fails and reduces the impact on end-users. A load balancer aids in performing specific tasks and in improving the reliability and capacity of applications, thus improving their overall performance by decreasing the burden on servers associated with managing and maintaining application and network sessions. As they are scalable, efficient, and flexible and help minimize downtime, load balancers find extensive utilization across numerous sectors, including retail, energy, manufacturing, information and technology (IT), telecom, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Load Balancer Market Trends:
The expanding focus among organizations on responding faster to clients or user requests is primarily driving the load balancer market. Moreover, the elevating sales of smartphones and the increasing internet penetration across the globe are encouraging the adoption of the cloud, which is further propelling the product demand. Besides this, the accelerating levels of server virtualization, the rising adoption of connected devices, and the inflating popularity of remote working models are acting as another growth-inducing factors. Additionally, the inflating investments by governing bodies in the upgradation of network infrastructures are also positively influencing the market growth. Furthermore, the escalating data center traffic, owing to the growing machine-to-machine connectivity, is expected to catalyze the load balancer market over the forecasted period.
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Load Balancer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
A10 Networks Inc., Amazon Web Services Inc. (Amazon.com Inc), Array Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., F5 Inc., Fastly Inc., Fortinet Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Palo Alto Networks Inc. and Radware Ltd.
The report has segmented the market on the basis on region, type, component, deployment mode, enterprise size, end user
industry.
Breakup by Type:
- Local Load Balancers
- Global Load Balancers
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User Industry:
- BFSI
- IT and Telecom
- Retail
- Government
- Manufacturing
- Media and Entertainment
- Healthcare
- Others
Breakup by Region:
- North America:(United States, Canada
- Asia-Pacific:(China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America;(Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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The Load Balancer Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.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 load balancer market include A10 Networks, Array Networks, Barracuda, Brocade, Citrix, F5 Networks, Fortinet, Hangzhou DPtech Technologies Co., Ltd., Kemp Technologies, Radware, Riverbed Technology and Sangfor.
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 Load Balancer Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/load-balancer-market/download-sampleMarket DynamicsThe increasing adoption of cloud load balancing services along with rising awareness among enterprises about the benefits of cloud and networking technologies is driving market growth.
Growing investments in new digital transformation initiatives by governments are again accelerating market growth.
However, limited bandwidth providers and the lack of access to high-speed internet in some regions across the globe are expected to limit the market growth.
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.
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