The Business Research Company’s report on the Load Balancer Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the load balancer market?
The rising adoption of connected devices is expected to propel the growth of the load balancer market going forward. Connected devices are physical things that can communicate with one another and other systems over the internet. Connected device use has been growing due to the convenience it offers users. These devices are connected to the internet, and load balancers analyze incoming requests and divert them to the relevant servers. For instance, according to the State of IoT—Spring 2022 report by IoT Analytics, a Germany-based provider of market insights and strategic business intelligence for the IoT, the global IoT connection number grew by 8% in 2021 to 12.2 billion active endpoints, which is expected to grow 18% to 14.4 billion active connections in 2022.The number is expected to be around approximately 27 billion connected IoT devices by 2025. Therefore, the rising adoption of connected devices is expected to propel the growth of the load balancer market going forward.
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How has the load balancer market size evolved, and what are the latest forecasts for its expansion?
The load balancer market size has grown rapidly in recent years. It will grow from $6.2 billion in 2024 to $7.03 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increased web traffic and demand for scalability, growth in e-commerce and online services, data center expansion and consolidation, application performance optimization needs, high availability and redundancy requirements.
The load balancer market size is expected to see rapid growth in the next few years. It will grow to $13.82 billion in 2029 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to expansion of cloud computing services, emphasis on security and ddos protection, integration with DevOps and automation, increasing hybrid and multi-cloud deployments, adoption of edge computing. Major trends in the forecast period include application-aware load balancing, machine learning for dynamic load balancing, microservices architecture and load balancing, API gateway integration with load balancers, software-defined networking (SDN) for load balancing.
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Which major companies dominate the load balancer market?
Major companies operating in the load balancer market include A10 Networks Inc., KEMP Technologies Inc., Hewlett-Packard Development Company L. P., Inlab Networks GmbH, Nginx Inc., F5 Networks Inc., Citrix Systems Inc., Radware Ltd., Barracuda Networks Inc., Fortinet Inc., Pulse Secure LLC, HAProxy Technologies Inc., Avi Networks Inc., Loadbalancer. org Ltd., Array Networks Inc., Imperva Inc., H3C Technologies Co. Limited, Zevenet S. L., Riverbed Technology Inc., Cloudflare Inc., Cisco Systems Inc., Sangfor Technologies Co. Ltd., Juniper Networks Inc., AireSpring Inc., NFWare Ltd.
What trends will shape the future of the live cell imaging market?
Major companies operating in the load balancer market are adopting a strategic partnership approach to strengthen performance. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in July 2024, HPE Ezmeral, a US-based technology company, partnered with http://Loadbalancer.org, a US-based commercial business that provides load balancing solutions. The partnership seeks to enhance the performance and reliability of HPE Ezmeral Data Fabric Software by optimizing storage capabilities and improving the overall user experience for businesses utilizing this platform. Loadbalancer’s expertise in load balancing solutions is expected to significantly enhance the performance of HPE Ezmeral Data Fabric, as its robust load balancing solutions add an extra layer of reliability and redundancy to HPE Ezmeral’s data storage infrastructure.
Which region dominates the load balancer market, and what factors contribute to its leadership?
North America was the largest region in the load balancer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the load balancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the load balancer market segmented, and which segment holds the largest share?
The load balancer market covered in this report is segmented –
1) By Type: Local Load Balancer, Global Load Balancer
2) By Component: Hardware, Software, Services
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By Deployment: On-Premise, Cloud
5) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Government, Manufacturing, Media And Entertainment, Healthcare, Other Industries
Subsegments:
1) By Local Load Balancer: Hardware Load Balancers, Software Load Balancers, Virtual Load Balancers
2) By Global Load Balancer: DNS-Based Load Balancers, Application Delivery Controllers (ADCs), Global Server Load Balancing (GSLB) Solutions
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What defines the structure and scope of the load balancer market?
A load balancer refers to a device that serves as a reverse proxy and distributes network or application traffic among several servers. The load balancer is 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.
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