The global load balancer market was pegged at $3.39 billion in 2019, and is anticipated to reach $8.90 billion by 2027, registering a CAGR of 12.9% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
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 global load balancer market. 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.
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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.
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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.
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Key Findings of the Multivendor ATM Software Market:
- By type, the global load balancer segment is expected to witness highest CAGR during the forecast period.
- On the basis of load balancer deployment, the cloud segment accounted for the highest load balancer market share in 2019.
- Depending on enterprise size, the large enterprises segment is accounted for the highest global market size in 2019.
- As per industry vertical, the IT & telecom segment is anticipated to exhibit highest growth during the forecast period.
- Region wise, North America accounted for the highest revenue in 2019; however, Asia-Pacific is anticipated to exhibit highest growth during the load balancer market forecast period.
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