According to the latest report by IMARC Group, titled “Load Balancer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the load balancer market size. 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.
A load balancer is a device that distributes network or application traffic to several servers by acting as a reverse proxy. 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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Note: 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.
Market Trends:
The market for load balancers is primarily being driven by the growing emphasis among enterprises on responding quicker to client or user queries. 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.
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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Competitive Landscape with Key Player:
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
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.
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