Market Research Report
Load Balancer Market by Component, Type, Deployment, Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027
|Load Balancer Market by Component, Type, Deployment, Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027|
Published: June 1, 2020
Allied Market Research
Content info: 333 Pages
Delivery time: 2-3 business days
Load Balancer Market by Component (Hardware, Software, and Services), Type (Local Load Balancer, and Global Load Balancer), Deployment (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry Vertical (BFSI, IT & Telecom, Retail, Government, Manufacturing, Media & Entertainment, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027.
The load balancer market size was valued at $3,398.3 million in 2019, and is projected to reach $8,908.2 million by 2027, growing at a CAGR of 12.9% from 2020 to 2027.
A load balancer is a device that distributes network or application traffic across a cluster of servers. Its key role is to balance load, which manages the flow of information or traffic between the server and an endpoint device. This device facilitates servers to transfer data efficiently, optimize use of application delivery resources, and prevent server overloads. Moreover, it continuously conducts checks of networks on servers to ensure request handling and if necessary, the load balancer removes unreliable servers until they are restored. In addition, it exhibits the capability to trigger creation of new virtualized application servers to meet the increasing client request on a server. Load balancing constitutes various algorithms and methods depending upon the application delivery controller criteria to which it redirects each client request. Core load balancing capabilities include layer 4 (L4) load balancing, layer 7 (L7) load balancing, content switching, and global server load balancing (GSLB).
Proliferation of cloud load balancing services and server virtualization is a key factor that drives the adoption of load balancer, due to its ability to trigger creation of new virtualized application servers. Surge in investments for new digital transformation initiatives by governments and increase in data center traffic due to rise in machine-to-machine connectivity, especially in developing economies, are the major factors that boost the load balancer market growth.
In addition, increase in network connectivity, varied traffic pattern, and advancements in the networking infrastructure in telecommunication industries are expected to significantly contribute toward the growth of the global market. However, dearth of high bandwidth providers and complications associated with implementation of advanced load balancer components in traditional networking ecosystem hinder the growth of the market.
The global load balancer market is segmented into component, product type, deployment, enterprise size, industry vertical, and region. By component, it is divided into hardware, software, and services. In terms of product type, it is bifurcated into local load balancers and global load balancers. Depending on deployment, it is categorized into cloud and on-premises. According to enterprise size, the load balancer market is segregated into large enterprises and small & medium enterprises. As per industry vertical, it is fragmented into BFSI, IT & telecom, retail, government, manufacturing, media & entertainment, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global load balancer market analysis are Google LLC, Imperva, Inc., Radware Ltd., F5 Networks, Inc., Citrix Systems, Inc., IBM Corporation, A10 Networks, Inc., Microsoft Corporation, Kemp Technologies, Inc., and Amazon Web Services, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future load balancer market trends are outlined to determine the overall attractiveness of the market.
By Enterprise Size
By Industry Vertical