openPR Logo
Press release

$8.90 Billion by 2027 | Global Load Balancer Market Surges as Cloud Computing Dominates IT Landscape

04-29-2024 04:07 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Load Balancer Market

Load Balancer Market

Asia-Pacific is anticipated to exhibit highest CAGR of 15.7% during forecast period, owing to rise in increase in investment on IT infrastructure, surge in deployment of load balancers in data centers, and increase in number of SMEs demanding cloud-based load balancing solutions.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5965

According to the report published by Allied Market Research, the global load balancer market generated $3.39 billion in 2019, and is estimated to reach $8.90 billion by 2027, registering a CAGR of 12.9% from 2020 to 2027.

Load balancing is a set of processes that handles multitude of server requests from modern multi-application and multi-device workflows. Its primary function is to balance the workloads and to distribute network traffic across multiple servers. In addition, load balancer ensures that no single server bears excessive requests or demands. In addition, it is incorporated in application delivery controllers (ADCs) or software-defined load balancing algorithms. Increase in need for business continuity and data load efficiently, especially in IT and telecom industry is significantly driving the growth of global load balancer market during the forecast period.

High adoption of cloud-based load-balancing services in data centers to manage data traffic and server virtualization and ongoing digital transformation initiatives by governments across the globe augment the growth of the global load balancer market. In addition, the increased network complexity and varied terrific pattern due to transformations in telecommunication infrastructure fuels the market growth. Conversely, limited bandwidth providers due to legacy infrastructure impedes the market growth. Nevertheless, emergence of IoT, AI, and software-defined networking technologies usher a number of opportunities in the near future.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5965

In 2027, the global load balancer market is expected to be predominantly led by the global load balancer segment, driven by the growing adoption of multi-cloud deployment. This surge is fueled by the imperative need for ensuring uninterrupted business operations and global disaster recovery support in the face of site or regional-level disruptions.

Among various industry verticals, the IT & telecom sector emerged as a significant contributor to the load balancer market. This is primarily due to data center servers being the primary users of load balancers. Additionally, the ongoing digital transformation and increasing migration to cloud services across industries further bolster this demand. Telecom companies, in particular, are prioritizing load balancers to uphold their brand reputation by preventing service outages.

In 2019, the local load balancer segment held the largest share of the global load balancer market, comprising nearly three-fifths and is anticipated to maintain this dominant position throughout the forecast period. The segment's growth is propelled by an increase in data centers and the growing demand for rapid application delivery. However, the global load balancer segment is projected to exhibit the highest compound annual growth rate (CAGR) of 17.0% during the forecast period. This growth is attributed to the role of Global Server Load Balancing (GSLB) in efficiently directing network traffic among networks or data centers across different geographical locations.

Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/load-balancer-market/purchase-options

Regarding components, the hardware segment led the market in 2019, contributing to almost two-fifths of the global load balancer market, and is expected to remain dominant in the forecast period. On the contrary, the software segment is forecasted to witness the highest CAGR of 14.6% from 2020 to 2027. This growth is fueled by the increasing adoption of Software as a Service (SaaS), driving demand for scalable, programmable, and reliable software load balancers. Moreover, the use of software-based applications reduces the need for hardware modifications, further bolstering the growth of this segment.

Geographically, North America dominated the global load balancer market in 2019 and is expected to continue its dominance. This can be attributed to the presence of leading load balancer developers and a substantial portion of ICT spending in the region. Moreover, the concentration of load balancer industry players in the U.S. facilitates the provision of tailored solutions and fosters continuous innovation to stay competitive in the market.

The COVID-19 pandemic is projected to positively influence the growth of the load balancer market. The increased adoption of load balancers in data centers is driven by the surge in internet traffic. Enterprises are turning to load balancers to mitigate latency issues and optimize web performance amid the shift to remote work setups. Furthermore, cloud service providers are emphasizing both local and global load balancing solutions, alongside WAN optimization, to bolster disaster recovery capabilities and minimize user latency.

Leading market players-

• Google LLC
• IBM Corporation
• Imperva
• Kemp Technologies Inc.
• Microsoft Corporation
• Radware Ltd
• A1o Networks Inc.
• Amazon Web Services Inc.
• Citrix Systems Inc.
• F5 Networks Inc.

Access the full summary at: https://www.alliedmarketresearch.com/load-balancer-market

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release $8.90 Billion by 2027 | Global Load Balancer Market Surges as Cloud Computing Dominates IT Landscape here

News-ID: 3479395 • Views:

More Releases from Allied Market Research

Wedding Services Market is poised to reach USD 414.2 billion, growing at a 4.8% CAGR by 2030
Wedding Services Market is poised to reach USD 414.2 billion, growing at a 4.8% …
The wedding services market size was valued at $160,587.40 million in 2020, and is estimated to reach $414.2 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.Catering services segment led in terms of market share in 2020 and is expected to retain its dominance throughout the forecast period. Get Sample PDF Of This Report @: https://www.alliedmarketresearch.com/request-sample/16233 Destination wedding is falling under wedding services market trends
Generic Drugs Market Size, Top Companies, Share, Growth And Forecast 2033 | CAGR 8.1%
Generic Drugs Market Size, Top Companies, Share, Growth And Forecast 2033 | CAGR …
Allied Market Research has unveiled its latest research report titled 'Generic Drugs Market: Global Outlook and Forecast 2023-2030.' This extensive study not only assesses market risks but also illuminates numerous opportunities, providing crucial support for strategic decisions from 2023 to 2030. The report segments its market analysis into pivotal regions driving market growth. Readers will discover insightful details regarding market research and development, factors fostering growth, and the continuously evolving
Stem Cell Therapy Market Size, Top Companies, Share, Growth And Forecast 2033 | CAGR 16.2%
Stem Cell Therapy Market Size, Top Companies, Share, Growth And Forecast 2033 | …
Allied Market Research has recently released a comprehensive research study titled "Global Stem Cell Therapy Market: Outlook and Forecast 2023-2032." This study thoroughly evaluates market risks, identifies promising opportunities, and offers strategic and tactical decision-making support for the period spanning 2023 to 2032. The market analysis includes regional segmentation, emphasizing the regions that are propelling the market's growth. Furthermore, the report provides insights into market research and development, growth drivers,
Dermal Fillers Market Size, Top Companies, Share, Growth And Forecast 2033 | CAGR 10.8%
Dermal Fillers Market Size, Top Companies, Share, Growth And Forecast 2033 | CAG …
Allied Market Research has recently unveiled its latest research study under the title "Dermal Fillers Market: Global Outlook and Forecast 2023-2032." This comprehensive study delves into market risk assessment, highlights various opportunities, and provides invaluable support for strategic and tactical decision-making within the 2023-2032. The report includes a regional segmentation that pinpoints the pivotal regions propelling market growth. Furthermore, the document offers insights into market research and development, growth catalysts,

All 5 Releases


More Releases for Load

Load Testing Service Market Analysis & Forecast 2021 - 2027| QualityLogic, Load …
Complete study of the global Load Testing Service market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Load Testing Service industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They
Covid-19 Impact On Load Monitoring System Market In-Depth Analysis, Technology, …
Load Monitoring System Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. Load monitoring is essential for the identification and determination of energy consumption as well as the operation condition of individual electrical appliances. The industry landscape for load monitoring system is
Load Monitoring System Market Insights Growth Opportunities 2027 - Top Companies …
Worldwide Load Monitoring System Market Analysis to 2027 is a specialized and in-depth study of the Load Monitoring System Industry with a focus on the global market trend. The report aims to provide an overview of global Load Monitoring System Market with detailed market segmentation by product/application and geography. The global Load Monitoring System Market is expected to witness high growth during the forecast period. The report provides key statistics
Load Cell Market Key Player Analysis By Single Point Load Cell, Compression Load …
The Load Cell Report consists of all the basic information regarding the Load Cell market. The all-inclusive report will aid users to understand the market current trends, industry growth drivers, share, analysis, size, production, forecast trends, supply, sales, demands, and many other aspects. The analysis was accomplished using an objective amalgamation of primary and secondary data including contributions from major participants in the market. The global Load Cell report is
Load Bank
Load banks offer one of the most flexible ways to validate critical power systems and components. Load bank testing of power systems includes validating the operational conditions and output of electrical power systems such as generators, gas turbines, transformers, HVAC systems, UPS, batteries, and relays in various industries like oil and gas, power, healthcare, marine and defense, and telecom. It is also very effective in reducing wet stacking problems, removal
Load Cell Market - Increasing Usage of Digital Load Cells in Heavy Lifting Indus …
Global Load Cell Market: Snapshot The global load cell market is witnessing considerable rise in its valuation, thanks to the increasing demand for load cells in healthcare sector. The escalating need for home hemodialysis (HHD) machines has been the key factor behind the augmenting usage of load cells in the medical and healthcare industry. The market is also gaining substantially from the rising application of load cells in the testing applications