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Global Load Balancer Market to Grow at a CAGR of 12.9% During 2022-2027, Driven by IoT and AI Technology

According to a new report by EMR titled, ‘Global Load Balancer Market Report and Forecast 2022-2027’, the global load balancer industry attained a value of about USD 3.83 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 12.9%.

The growth of the industry is being driven by the rising trend of digital transformation; many businesses are embarking on a road of digital transformation. Several governments, on the other hand, are heavily investing in digital transformation. The IT teams are moving toward a software-driven world as a result of digital transformation projects. For example, IRCTC, the Indian Railways' online ticketing system, has seen a significant increase in online transactions as a result of increased web traffic, load balancers play a critical part in this. Cloud-native architectures are becoming more popular among businesses. In order to be nimble in spinning up instances on-demand and automatically burst capacity, data centres are adopting cloud-native designs. In these multi-cloud systems, load balancing will play a significant role, resulting in increased market demand. The expansion of the industry can be witnessed in North America and the Asia Pacific, among others.

In April 2021, A10 Networks (NYSE: ATEN) signed a distribution agreement with Ingram Micro India to deliver their comprehensive portfolio of market-leading application network and security solutions. Solutions like the Thunder Convergent Firewall, TLS/SSL visibility, DDoS detection, and mitigation are among the deliverable services.

Market Analysis by Type, Component, Deployment, Enterprise Size, Industry Vertical, and Region:

  • The market on the basis of type can be divided into the local load balancer and global load balancer.
  • Based on components, the industry can be divided into hardware, software, and services.
  • The deployment type can be segmented into on-premises and cloud.
  • The enterprise size for load balancers includes large enterprises small and medium enterprises.
  • Based on the industry vertical, the load balancer market can be divided into BFSI, IT and telecommunication, retail, government, manufacturing, media, and entertainment healthcare, among others.
  • The regional markets for load balancers include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The load balancer industry growth will be aided by increased knowledge of the benefits of cloud and network technologies.
  • Another element driving market expansion is the increasing adoption of data centre traffic and cloud-based load balancing services.
  • In the foreseeable term, increased investments, combined with favourable government initiatives in digitalisation, would function as a market driver.
  • Market growth will be fuelled by favourable government initiatives and increased investments in digitisation.

Key Offerings of the Report:

  • The EMR report gives an overview of the global load balancer market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the type, component, industry vertical, enterprise size, deployment, and regions of the load balancer.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for load balancers are A10 Network, inc., Amazon Web Services Inc., Citrix Systems Inc., and FS Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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