High adoption of cloud-based load balancing services in data centers to manage data traffic and server virtualization and ongoing digital transformation initiatives by governments across the globe are the major factors driving the growth of the Load Balancer Market Size. On the other hand, limited bandwidth providers due to legacy infrastructure restrains the growth to some extent. However, the emergence of IoT, AI, and software-defined networking technologies are expected to pave the way for lucrative opportunities in the industry.
The global market was valued at $3.39 billion in 2019, and is projected to reach $8.90 billion by 2027, growing at a CAGR of 12.9% from 2020 to 2027.
Download Sample Report:
https://www.alliedmarketresearch.com/request-sample/5965
The global load balancer market is analyzed across component, type, deployment, enterprise size, industry vertical, and region. Based on component, the hardware segment contributed to nearly two-fifths of the total market share in 2019, and is projected to rule the roost by 2027. The software segment, on the other hand, would grow at the fastest CAGR of 14.6% from 2020 to 2027.
Based on type, the local load balancer segment accounted for nearly three fifths of the total market revenue in 2019, and is anticipated to lead the trail by the end of 2027. At the same time, the global load balancer segment would manifest the fastest CAGR of 17.0% throughout the forecast period.
For Report Customization:
https://www.alliedmarketresearch.com/request-for-customization/5965
Based on region, North America held the major share in 2019, generating nearly two-fifths of the global load balancer market. Simultaneously, the market across Asia-Pacific region would garner the fastest CAGR of 15.7% from 2020 to 2027. The other two provinces studied in the report include Europe and LAMEA.
The key market players analyzed in the global load balancer market report include Google LLC, Imperva, Inc., Radware Ltd., F5 Networks, Inc., Citrix Systems, Inc., IBM Corporation, A10 Networks, Inc., Microsoft Corporation, Kemp Technologies, Inc., and Amazon Web Services, Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
For Purchase Enquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/5965
Impact of COVID-19 scenario on Load Balancer Market
- The outbreak of covid-19 made most of the industries incorporate digital infrastructure. This, in turn, has fast-tracked the process of digital transformation, thereby boosting the global load balancer market to a significant extent.
- The service providers have also embraced remote working system to carry on with their services. This has also helped the load balancer providers to remain constant in terms of revenue.
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Similar Report :
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter