Load Balancer Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

 Overview

Load Balancer Market is forecast to reach $6.5 billion by 2025, at a CAGR of 13.8% during 2020-2025. Increased awareness among enterprises about the benefits of cloud and networking technologies coupled with increasing network complexity and varied cloud traffic pattern. In 2018, according to the report given by CISCO, the global cloud traffic will increase up to 14.10% by 2020. Similarly increase in data center traffic due to rising machine-to-machine connectivity, especially in developing economies, are the major factors that boost the load balancer market growth in the forecast period.

Report Coverage

The report: “Load Balancer Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Load Balancer Market.


Key Takeaways

Asia-Pacific dominates the load balancer market owing to minimize the expenditure on IT infrastructure and various Government initiatives in Digital transformation.

Cloud based Load balancer is expected to grow at a highest CAGR due to gaining popularity in various enterprises, owing to its easy, flexible, affordable and low cost of deployment.

The global load balancer segment is expected to grow at a higher CAGR in the load balancer market by load balancer type during the forecast period as it facilitates network traffic distribution to a group of data centers in various geographic locations.

Major players in Load balancer market include Google LLC, Imperva, Inc., NGINX, Inc., Radware Ltd., Fortinet, Inc., F5 Networks, Inc., Citrix Systems, Inc., IBM Corporation, A10 Networks, Inc., Microsoft Corporation, Kemp Technologies, Inc., Riverbed Technology LLC, Amazon Web Services, Inc., and Hewlett Packard Enterprise are among others.

Deployment - Segment Analysis

Cloud based Load balancer is expected to grow at a CAGR of 9.8% during 2020-2025. This deployment is gaining popularity in various enterprises, owing to its easy, flexible, affordable and low cost of deployment. Similarly, with the cloud deployment, scale up and scale down of businesses can be achieved easily. Thus, cloud deployment is considered to be the most effective deployment platform by many small and medium sized enterprises in recent times especially to manage computer clusters. In 2019, approximately 80% of companies worldwide were using some form of cloud services, out of which 15%-20% companies are likely to choose 100% cloud based services in next 5 years. It is also expected that by 2020, cloud traffic will increase up to 14.1%. Therefore increase in deployment of cloud services will in turn create opportunities for Load balancer market.

Application - Segment Analysis

The global load balancer segment is expected to grow at a higher CAGR of 8.5% in the load balancer market by load balancer type during the forecast period as it facilitates network traffic distribution to a group of data centers in various geographic locations. These load balancers are located at a single site and provide load balancing to multiple sites or data centers. Companies are increasingly deploying server resources at multiple locations that require efficient traffic distribution resulting in an increased demand for load balancers. Global load balancers act as internet DNS services and provide the IP address to local clients who are accessing data center services and are being increasingly adopted as organizations require efficient network traffic distribution for multiple servers located at different locations.

Geography - Segment Analysis

In 2018, APAC dominated the Load Balancer market with a share of more than 35%, followed by North America and Europe. The economy of APAC is majorly influenced by the countries such as China, India, Japan and many other. In these countries, Enterprises in this region need more cost-effective, secure, reliable and efficient cloud-based load balancers. The technological advancements in this region along with the increasing trend toward cloud-based load balancers, are expected to provide added benefits for the growth of the global load balancer market. Therefore, the APAC region is expected to provide significant growth opportunities for vendors in the load balancer market during the forecast period.

Drivers –Load Balancer Market   

Increased Awareness Among Enterprises About the Benefits of Cloud

Increased awareness among enterprises about the benefits of the cloud and convenience of shifting from traditional systems to the cloud makes technology simple, scalable and accessible. Organizations are largely leveraging cloud solutions to host and run their mission-critical data and applications. The major need of any business is maintaining availability and efficiency and for that purpose, load-balancing can be one of the simplest and cost-effective way to meet the objective. Therefore usage of cloud based solutions and Internet Relay Chat solutions with redundancy will in turn drive the Load balancer market.

Growing Investments in New Digital Transformation Initiatives By Governments

Many enterprises are embarking on a digital transformation journey. According to a report given by Gartner in 2017, 42% of organizations had started digital transformation initiatives and 20% were taking a ‘digital?first’ approach to business change. On the other hand several countries are investing heavily on digital transformation. This Digital transformation initiatives have led IT teams towards a software-driven world. For instance IRCTC, the Indian Railways online ticketing system, has seen a rapid rise online transaction as this increase the web traffic, Load balancer play a major role in Enterprises are adopting cloud-native architectures in data centers to be agile in spinning up instances on-demand and to automatically burst capacity. Load balancing in these multi-cloud environments will play a major role and thereby increasing the demand for market growth.

Challenges – Load Balancer Market   

Scarcity of high Bandwidth Providers

Scarcity of high bandwidth providers is one of the major factor which hamper the growth of the market. High band width providers are often required for the efficient load balancing technique. On the other hand complications associated with implementation of advance load balancer components in traditional networking ecosystem hinder the growth of the load balancer market is another factor which hamper the market in the forecast period.

Market Landscape

Partnership, acquisitions and technology launches are key strategies adopted by players in the Load Balancer Market. In 2018, the market of Load Balancer industry outlook has been consolidated by the top five players accounting for 55% of the market share.  Load Balancer Market top 10 companies include Google LLC, Imperva, Inc., NGINX, Inc., Radware Ltd., Fortinet, Inc., F5 Networks, Inc., Citrix Systems, Inc., IBM Corporation, A10 Networks, Inc., Microsoft Corporation, Kemp Technologies, Inc., Riverbed Technology LLC, Amazon Web Services, Inc., and Hewlett Packard Enterprise are among others.

Acquisitions/Technology Launches

In May 2018, Microsoft and Red Hat expanded their alliance for container-based applications across Microsoft Azure and on-premises to introduce the first jointly managed OpenShift offering in the public cloud, combining the power of Red Hat OpenShift and Azure, Microsoft’s public cloud.

In June 2018, IBM expanded its capabilities on IBM Cloud and strategies to expand the cloud’s global reach. The announcements included the global availability of multi-zone clusters and worldwide availability of IBM Cloud Internet Services through 18 new zones in North America, Europe, and APAC. 

For more Information and communiction technology related reports, please click here

Comments

Post a Comment

Popular posts from this blog

Philippines Air Conditioning Market - Forecast(2021 - 2026)

Image
  The air conditioning market in the Philippines reached $8.45 billion in 20018, growing at a CAGR of 4.55% during 2019-2025. The changing tropical weather coupled with rising heat and humidity in the Philippines is the key driving factor for the air conditioning market. During 2015-19, the average temperature in the Philippines from April to July has increased by 28%. In addition to this, a significant proportion of untapped household has kept the opportunity to open for a low-cost air conditioner in this country. In 2018, 23%-27% of total household in the Philippines was not using any air conditioner. Similarly, the Philippines is likely to witness a revision in Minimum Energy Performance Standards (MEPS) policy, as the same policy has not been revised since 2002. Thus, government and regulatory bodies in the Philippines have started initiating to set up new MEPS policy for air conditioning products to meet emerging emission and energy efficiency requirement. This will be likely...
Read more

Animal Nutrition Market - Forecast(2020 - 2025)

Image
  Animal Nutrition Market Overview: As per the Food and Agriculture Organization of the United Nations, the global population will reach the 9 billion mark by 2050, constructing food challenges. Owing to the depletion of arable land as a result of industrialization, food security is a major objective and livestock products are among the prime means to meet such objectives. Economic development has induced pressure on the livestock sector for more efficient production with limited resources; it also supports the income and food security of almost 1.3 billion people. Thus, animal farming sector is capitalizing upon food security concerns, accounting for nearly 40% of the global agricultural production value. Animal nutrition is a necessity with increasing uptake, for the mandatory affluence of global livestock sector and primarily for the rampant production of protein-enriched commodities such as meat, eggs, and milk to feed the majority of the non-vegetarian population globally...
Read more

Ancient Grains Market - Forecast(2021 - 2026)

Image
  Ancient Grains Market Overview  The Chia ancient grains market , which forms part of the larger ancient grains market, is estimated to surpass $2,560.43m by 2023, growing at a CAGR of 36.60% during the forecast period 2018–2023. The ancient grains market is poised to witness significant growth owing to the increased applications of these grains in the food, cosmetics, pharmaceutical, and medical industries. The Americas region is the largest market for ancient grains as the market is more prevalent in South America and the U.S. Ancient Grains Market Outlook Ancient grains are defined as grains that remain largely unchanged over several hundred years. Ancient grains are gaining popularity among the Americans. They are being used in almost everything – from cereals, salads, breads, and crackers to pizza, quiche, and light snacks. Amaranth and quinoa have received considerable interest because of their gluten-free property. Gluten is found in other grains such as wheat, barley,...
Read more