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Load Balancer Market by Component, Load Balancer Type, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023 - ResearchAndMarkets.com

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.

Market Dynamics

Drivers

  • Increasing Adoption of Cloud Load Balancing Services, Data Center Traffic, and Server Virtualization
  • Growing Investments in New Digital Transformation Initiatives By Governments
  • Advancements in the Networking Infrastructure Across the Globe
  • Increased Awareness Among Enterprises About the Benefits of Cloud and Networking Technologies
  • Increased Network Complexity and Varied Traffic Pattern

Restraints

  • Limited Bandwidth Providers and the Lack of Access to High-Speed Internet

Opportunities

  • Exponential Growth in Global IP Traffic and Cloud Traffic
  • Surging Adoption of IoT, AI, and SDN Technologies
  • Higher Involvement of VARs and Load Balancer Vendors

Challenges

  • Implementation of the Latest Load Balancer Components in the Existing Or Traditional Networking Ecosystem

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Load Balancer Market, By Component

7 Market, By Service

8 Load Balancer Market, By Load Balancer Type

9 Market, By Organization Size

10 Market, By Deployment Type

11 Market, By Vertical

12 Load Balancer Market, By Region

13 Competitive Landscape

14 Company Profiles

  • A1o Networks
  • Array Networks
  • Avanu
  • Avi Networks
  • AWS
  • Barracuda Networks
  • CItrix Systems
  • Cloudflare
  • Dialogic
  • F5 Networks
  • Fastly
  • Fortinet
  • Google
  • 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/vpt8dz/load_balancer?w=4

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