Load Balancer Market to See High CAGR Growth of 15.5% by 2026

Posted by nileshdbmr on April 6th, 2021

load balancer market is set to witness a healthy CAGR of 15.5% in the forecast period of 2020 -2026. Load balancing is the physical device which used for efficient distribution of network traffic across various servers in server pool or server farm. Every load balancer assembles between backend servers and client devices, delivery and then distributing requests to any available server having capacity of fulfilling them.

Major Market Competitors/Players

Few of the major competitors currently working in the global load balancer market are Amazon Web Services, Inc., F5 Networks, Inc., Citrix Systems, Inc., Microsoft, , IBM, Google, Imperva, NGINX Inc., Radware, Fortinet, Inc., A10 Networks, Inc, Kemp Technologies, Inc., Riverbed Technology, Fastly, Inc., Dialogic Corporation, Avi Networks, Joyent, IncInlab Networks GmbH, Cloudflare, Inc., ZEVENET, Array Networks, Inc., AVANU, Inc., Barracuda Networks, Inc., Loadbalancer.org Limited, SANGFOR TECHNOLOGIES INC., Hangzhou DPtech Technologies Co., Ltd. among others.

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Segmentation: Global Load Balancer Market

•          By Component (Hardware, Software and Services)
•          By Load Balancer Type (Local Load Balancer and Global Load Balancer)
•          By Deployment Type (On-Premises and Cloud)
•          By Organization Size (Small and Medium-Sized Enterprises and Large Enterprises)
•          By Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Government and Public Sector, Media and Entertainment, Retail, Manufacturing, Healthcare and Life Sciences, Energy and Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis: Global Load Balancer Market

Global load balancer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of load balancer market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Favourable government initiatives and rising investments in digitization will drive the market growth
•          Rising adoption of data center traffic, cloud-based load balancing services is another factor boosting the market growth
•          increasing investments along with favourable government initiatives in digitization also acts as a market driver in the forecast period
•          Rising awareness regarding the advantages of cloud and network technologies will also augment this market growth

Market Restraints:

•          Less bandwidth providers is expected to restrict the growth of the market
•          Difficult implementation of newer load balancer module in traditional networking ecosystem is also restricting the overall adoption of these market
•          Lack of access of high speed internet is another factor hampering the market growth