Load Balancer Global Market To Grow At Rate Of 15% Through 2026
The Business Research Company’s Load Balancer Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
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According to ‘Load Balancer Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the load balancer market size is expected to reach a value of nearly $4.93 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The load balancer market growth is expected to rise to $8.35 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%. The rising adoption of connected devices is expected to propel the growth of the load balancer industry going forward.
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The load balancer market consists of sale of load balancer devices by entities (organizations, sole traders, and partnerships) that are used to increase the overall speed of applications and helps to boost the application dependability and increase the capacity by executing application-specific tasks and reducing the load on servers involved with managing and maintaining network sessions and applications. A load balancer refers to a device that serves as a reverse proxy and distributes network or application traffic among several servers.
Global Load Balancer Market Trends
Technological advancements in load balancers have emerged as a key trend in the load balancer market. Major companies operating in the market are developing advanced technologies such as the ZeroLB that uses a pattern for load balancing technology to sustain their position in the market. For instance, in 2021, Kong Inc, a US-based manufacturer of cloud connectivity companies introduced ZeroLB – a modern, decentralized load balancing pattern that seeks to eliminate every load balancer installed in front of specific services and applications. ZeroLB eliminates the need for hardware, software, and elastic cloud load balancers. This technology can also handle many devices by executing applications and helps in load control.
The global load balancer market is segmented:
By Type: Local Load Balancer, Global Load Balancer
By Component: Hardware, Software, Services
By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
By Deployment: On-Premise, Cloud
By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Government, Manufacturing, Media And Entertainment, Healthcare, Other Industries
By Geography: The global load balancer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
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Load Balancer Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides load balancer global market analysis, load balancer global market overviews, analyzes and forecasts market size and growth for the global load balancer market, load balancer market share, load balancer global market segments and geographies, load balancer market players, load balancer global market leading competitor revenues, profiles and market shares. The load balancer global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Load Balancer Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: A10 Networks, Kemp Technologies, Hewlett-Packard Development Company, Inlab Networks GmbH, Nginx, Azure Traffic Manage, HAProxy, Varnish Software
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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