Global Load Balancer Market, By Component (Hardware, Software and Services), Load Balancer Type (Local Load Balancer and Global Load Balancer), Deployment Type (On-Premises and Cloud), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Government and Public Sector, Media and Entertainment, Retail, Manufacturing, Healthcare and Life Sciences, Energy and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Load Balancer Market
Surge in the adoption of advanced technologies such as artificial intelligence and internet of things, growing need to manage and analyse organizational data effectively and efficiently and rising number of load balancer vendors especially in the developing economies are the major factors attributable to the growth of the load balancer market. Data Bridge Market Research analyses that the load balancer market will exhibit a CAGR of 13.30% for the forecast period of 2021-2028. Therefore, the load balancer market value would stand tall by USD 10.08 billion by 2028.
Load balancer is a device that is used to effectively and efficiently distribute the network traffic over multiple servers. Load balancers are efficient in managing the unending information between the server and an endpoint device. Load balancers further provide high reliability by sending requests to online servers.
Rising deployment of technologies and solutions that enhance the performance and reduce the operational and production costs will emerge as the major market growth driving factor. Surge in the rate of digitization especially in the emerging economies, growing number of small and medium scale enterprises especially in the developing economies and surge in the adoption of advanced data traffic management solutions will further aggravate the growth of the market. Growing adoption of cloud-based load balancing services and increased awareness regarding the advantages of cloud and network technologies are some other factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies and lack of strong broadband infrastructure will act as a growth restraint for the market. Difficult implementation of new load balancer modules will yet again hamper the market growth rate. Also, presence of providers offering limited bandwidth will also hamper the market growth rate.
This load balancer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on load balancer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Load Balancer Market Scope and Market Size
The load balancer market is segmented on the basis of component, load balancer type, deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the load balancer market is segmented into hardware, software and services. Services segment is sub-segmented into support and maintenance, training and consulting and integration and deployment.
- On the basis of load balancer type, the load balancer market is segmented into local load balancer and global load balancer.
- On the basis of deployment type, the load balancer market is segmented into on-premises and cloud.
- On the basis of organization size, the load balancer market is segmented into small and medium-sized enterprises and large enterprises.
- On the basis of vertical, the load balancer segment is sub-segmented into banking, financial services, and insurance, IT and telecom, government and public sector, media and entertainment, retail, manufacturing, healthcare and life sciences, energy and others.
Load Balancer Market Country Level Analysis
The load balancer market is analysed and market size, volume information is provided by country, component, load balancer type, deployment type, organization size and vertical as referenced above.
The countries covered in the load balancer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the load balancer market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus on technological advancements and earliest adoption of internet of things. Asia-Pacific will however, register the highest CAGR for this period. This is because of the growing acceptance of cloud-based solutions and surging number of small scale businesses.
The country section of the load balancer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Load Balancer Market Share Analysis
The load balancer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to load balancer market.
The major players covered in the load balancer report are Cisco Systems, Inc., Amazon Web Services, Inc., IBM, Microsoft, Google LLC, Citrix Systems, Inc., F5, Inc., Imperva., Radware, Fortinet, Inc., A10 Networks, Inc., Palo Alto Networks., Check Point Software Technologies Ltd., NortonLifeLock Inc., Forcepoint, CyberArk Software Ltd., Kemp Technologies, Riverbed Technology., Fastly, Inc and Dialogic Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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