According to the latest report by IMARC Group, titled “Load Balancer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global load balancer market reached a value of US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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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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List of Key Companies Covered in this Market Report:
- 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
- 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
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.
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