Global Load Balancer Market to Grow at a CAGR of 12.9% During 2024-2032, Driven by IoT and AI Technology

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.

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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 (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) 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.

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