According to the latest report by IMARC Group, titled “Load Balancer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global load balancer market reached a value of US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
A load balancer is a device that acts as a reverse proxy and distributes network or application traffic to many servers. If a server fails, it immediately switches its workload to a backup server, minimizing the impact on end users. A load balancer assists in executing certain duties as well as enhancing application dependability and capacity, hence boosting overall performance by reducing the stress on servers involved with managing and sustaining application and network sessions. Load balancers are widely used in a variety of industries, including retail, energy, manufacturing, information and technology (IT), and telecommunications, due to their scalability, efficiency, and flexibility, as well as their ability to reduce downtime.
Load Balancer Market Trends and Drivers:
The growing emphasis among businesses on reacting quickly to client or user queries is essentially driving the load balancer industry. Furthermore, rising smartphone sales and increased internet penetration around the world are promoting cloud use, which is driving up product demand. Aside from that, rising levels of server virtualization, rising usage of connected devices, and rising popularity of remote working methods are all driving growth. Furthermore, increasing governmental investments in network infrastructure upgrades are positively boosting market growth. Furthermore, rising data center traffic as a result of increasing machine-to-machine connection is likely to fuel the load balancer market over the forecasted period.
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Load Balancer Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 4.3 Billion |
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Market forecast in 2027 |
US$ 8.9 Billion |
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Growth Rate |
CAGR of 13.1% during 2022-2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
region, type, component, deployment mode, enterprise size, end user industry. |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
A10 Networks Inc., Amazon Web Services Inc. (Amazon.com Inc), Array Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., F5 Inc., Fastly Inc., Fortinet Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Palo Alto Networks Inc. and Radware Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has segmented the market on the basis on region, type, component, deployment mode, enterprise size, end user industry.
Breakup by Type:
- Local Load Balancers
- Global Load Balancers
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User Industry:
- BFSI
- IT and Telecom
- Retail
- Government
- Manufacturing
- Media and Entertainment
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
A10 Networks Inc., Amazon Web Services Inc. (Amazon.com Inc), Array Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., F5 Inc., Fastly Inc., Fortinet Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Palo Alto Networks Inc. and Radware Ltd.
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