Global Load Balancer Market Forecast to 2023: Exponential Growth in IP Traffic and Cloud Traffic, Surging Adoption of IoT, AI & SDN Technologies & Higher Involvement of VARs and Load Balancer Vendors
DUBLIN, Nov. 21, 2018 /PRNewswire/ --
The "Load Balancer Market by Component (Hardware, Software, and Services), Load Balancer Type (Global Load Balancer and Local Load Balancer), Deployment Type, (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing awareness among enterprises about the benefits of cloud and networking technologies to fuel the demand for load balancing solution and services across the globe
This research expects the global load balancer market size to grow from USD 2.6 billion in 2018 to USD 5.0 billion by 2023, at a CAGR of 13.7% during the forecast period.
Load balancers facilitate the distribution of network traffic across data centers. Software-based load balancers are cost-effective and provide for easy scalability. Hence, enterprises across verticals are load balancer solutions. However, limited bandwidth providers and the lack of access to high-speed internet may restrain the growth of load balancer market.
Global load balancers to hold a larger market size during the forecast period
Global load balancers facilitate network traffic distribution to a group of data centers in various geographic locations. They are located at a single site and provide load balancing to multiple sites or data centers. Global load balancers act as internet DNS services and provide the IP address to local clients who are accessing data center services. Global load balancers are being increasingly adopted as organizations require efficient network traffic distribution for multiple servers located at different locations.
IT and telecom vertical to hold the largest market size during the forecast period
The telecom sector manages several mobile devices and broadband network and technologies, such as video streaming and IoT, which are transforming the overall communication infrastructure and networking scenario. Load balancing in telecom helps in improving the quality of reception by delivering undisrupted connectivity worldwide. It helps in supporting the telecom infrastructure by intelligently routing the traffic to the most available resources.
Asia Pacific (APAC) to hold the largest market size and to grow at the highest rate during the forecast period
Enterprises in the APAC region need more cost-effective, secure, reliable, and efficient cloud-based load balancers. The technological advancements in APAC, along with the increasing trend toward cloud-based load balancers, are expected to provide added benefits for the growth of the global load balancer market. Therefore, the APAC region is expected to provide significant growth opportunities for vendors in the load balancer market during the forecast period.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Breakdown and Data Triangulation
2.3 Market Size Estimation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Load Balancer Market
4.2 By Component, 2018
4.3 By Deployment Type, 2018
4.4 By Vertical, 2018
4.5 Market Investment Scenario, 2018-2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Cloud Load Balancing Services, Data Center Traffic, and Server Virtualization
5.2.1.2 Growing Investments in New Digital Transformation Initiatives By Governments
5.2.1.3 Advancements in the Networking Infrastructure Across the Globe
5.2.1.4 Increased Awareness Among Enterprises About the Benefits of Cloud and Networking Technologies
5.2.1.5 Increased Network Complexity and Varied Traffic Pattern
5.2.2 Restraints
5.2.2.1 Limited Bandwidth Providers and the Lack of Access to High-Speed Internet
5.2.3 Opportunities
5.2.3.1 Exponential Growth in Global IP Traffic and Cloud Traffic
5.2.3.2 Surging Adoption of IoT, AI, and SDN Technologies
5.2.3.3 Higher Involvement of VARs and Load Balancer Vendors
5.2.4 Challenges
5.2.4.1 Implementation of the Latest Load Balancer Components in the Existing Or Traditional Networking Ecosystem
6 Load Balancer Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Hardware-Based Load Balancers Help in Reducing Complexities of Infrastructure Management With A Single Application Delivery Network Applications
6.3 Software
6.3.1 Software-Based Load Balancers Provide Real-Time Scalability
6.4 Services
6.4.1 Services Help in Providing Efficient Implementation, and Support and Maintenance of Load Balancer Solutions
7 Market, By Service
7.1 Introduction
7.2 Training and Consulting
7.2.1 Training and Consulting Services Enable Effective Decision-Making in Implementing the Right Load Balancer Solution
7.3 Integration and Deployment
7.3.1 Integration and Deployment Provides Effective Integration of Vendors' Offerings With Clients' Existing Infrastructure and Business Functions
7.4 Support and Maintenance
7.4.1 Support and Maintenance Services Provide A Single Point of Contact to Help Solve Customer Issues Quickly
8 Load Balancer Market, By Load Balancer Type
8.1 Introduction
8.2 Global Load Balancers
8.2.1 Global Load Balancers Provide Load Balancing to Multiple Sites Or Data Centers
8.3 Local Load Balancer
8.3.1 Local Load Balancers are Deployed to Control Traffic Distribution Within Data Centers
9 Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.2.1 The Implementation of Load Balancer as A Service is Expected to Result in Reduced Costs and Improved Business Efficiency for the Small
9.3 Large Enterprises
9.3.1 Large Enterprises are Majorly Investing in Advanced Technologies to Increase their Overall Productivity and Efficiency
10 Market, By Deployment Type
10.1 Introduction
10.2 On-Premises
10.2.1 Software-Based On-Premises Load Balancers are Mainly Deployed for Applications Running in Data Centers
10.3 Cloud
10.3.1 Cloud-Based Load Balancers Create A Simple Model for Application Teams to Easily Scale-Up their Load Balancers
11 Market, By Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.2.1 Digitalization Provides Strong and Credible Solutions and Helps Banks Enhance their Quality of Services
11.3 it and Telecom
11.3.1 Load Balancer Solutions Provide Undisrupted Connectivity in the it and Telecom Vertical With the Help of Intelligent Traffic Routing
11.4 Government and Public Sector
11.4.1 Load Balancer Solutions Help in Reducing Cyber Threats and Meeting High Standards of Effectiveness
11.5 Retail
11.5.1 Load Balancer Solutions Promise to Provide High-Performance Load Balancing to Ensure That Retail Websites are Always Up and Running
11.6 Manufacturing
11.6.1 Load Balancers Help in Providing Full Data Visibility and Ensure That the Data Remains Protected in the Manufacturing Sector
11.7 Energy
11.7.1 Load Balancers Help in Streamlining the it Workflow and Smooth Functioning in the Energy Vertical
11.8 Media and Entertainment
11.8.1 Load Balancer Solutions Help in Increasing the Operational Efficiency of Broadcasters
11.9 Healthcare and Life Sciences
11.9.1 Highly Critical Applications in the Healthcare Domain are Easily Taken Care of By High-Performing Load Balancers
11.10 Others
11.10.1 Travel and Hospitality, and Education Verticals are Expected to Adopt Load Balancer Solutions at A Faster Pace Shortly
12 Load Balancer Market, By Region
12.1 Introduction
12.2 North America
12.2.1 North America has Adopted New and Emerging Technologies and Accounts for the Highest Market Share
12.3 Europe
12.3.1 With Heavy Spending on it Infrastructure Services, Europe is the 2nd Largest Player in Terms of Adopting Load Balancer Solutions
12.4 Asia Pacific
12.4.1 Fastest-Growing Economies and Favourable Markets are Important Drivers for the Adoption of Load Balancer Solutions in the Asia Pacific Region
12.5 Middle East and Africa
12.5.1 Technological Advancements, Emerging Technologies, and Cloud Computing Drive the Growth of Load Balancer Solutions
12.6 Latin America
12.6.1 Cost-Effective it Infrastructure Deployments and Explosion of New Technologies are Expected to Drive the Adoption of Cost-Effective Solutions
13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 New Product Launches
13.2.2 Business Expansions
13.2.3 Acquisitions
13.2.4 Partnerships
14 Company Profiles
- A1o Networks
- Array Networks
- Avanu
- Avi Networks
- AWS
- Barracuda Networks
- CItrix Systems
- Cloudflare
- Dialogic
- F5 Networks
- Fastly
- Fortinet
- HPE
- IBM
- Imperva
- Inlab Software
- Joyent
- Kemp Technologies
- Loadbalancer.Org
- Microsoft
- NGINX
- Radware
- Riverbed Technology
- Zevenet
For more information about this report visit https://www.researchandmarkets.com/research/ggkgp3/global_load?w=5
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