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Load Balancer Market Share, Size, Trends, Growth and Forecast 2022-27

 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

 

Report Coverage

Details

Market size value in 2021

US$ 4.3 Billion

Market forecast in 2027

US$ 8.9 Billion

Growth Rate

CAGR of 13.1% during 2022-2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

region, type, component, deployment mode, enterprise size, end user industry.

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

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.

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,

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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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
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