The application delivery controller global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Application Delivery Controller Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The application delivery controller market size has grown rapidly in recent years. It will grow from $4.13 billion in 2023 to $4.65 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increased growth of cloud computing, surge in mobile and web-based applications, influence of large enterprises, geographical distribution and regional dynamics, increased application performance optimization.
The application delivery controller market size is expected to see rapid growth in the next few years. It will grow to $7.39 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to rapid pace of digital transformation, proliferation of cloud-native architectures, growing complexity of modern applications, increasing demand for load balancing, bolstering security measures. Major trends in the forecast period include technological innovation and advancement, rise of cloud-native architectures, adoption of hybrid cloud solutions, ai and machine learning integration, automation and orchestration.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing number of cyberattacks is expected to propel the growth of the application delivery controller market going forward. A cyberattack is referred to as a malicious attempt to gain unauthorized access to a computer or computer network with the intent to cause damage. Application delivery controllers (ADCs) are used as a layer of defense against cyberattacks and are typically designed to optimize the performance, availability, and security of applications and to protect infrastructure and data from a wide range of threats. For instance, in 2023, according to Checkpoint Software, a US-based cybersecurity solutions company, globally cyberattacks increased by 38% in 2022 compared to the previous year and the frequency of attacks on cloud-based networks per organization increased by 48% in 2022 when compared to 2021. Furthermore, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, in 2022, around 76,000 cyber crime reports were received, up from 13% from the previous year. Therefore, the increasing number of cyberattacks is driving the growth of the application delivery controller market.
Market Trends –
Major companies operating in the application delivery controller market are focusing on the development of technological innovations, such as LoadMaster 360, a cloud-based application delivery platform, to meet the growing demand for application delivery controllers. A cloud-based application delivery platform is a solution that provides a single, integrated environment for deploying, operating, and managing applications across various cloud and on-premises infrastructures. For instance, in October 2023, Progress Software Corporation, a US-based software company, introduced LoadMaster 360, a powerful new platform for deploying, operating, and troubleshooting applications and delivery infrastructure. It is a cloud-based unified application delivery platform that addresses the challenge of data disparity in application delivery, offering a modern UI, incident management, and comprehensive analytics. It is designed to help organizations improve the application delivery performance, reliability, and security, ultimately bringing more value to the business. Additionally, this platform is hosted in the cloud, providing organizations with a single-pane-of-glass experience to manage various aspects of the application delivery ecosystem.
The application delivery controller market covered in this report is segmented –
1) By Type: Hardware-Based Application Delivery Controller, Virtual Application Delivery Controller
2) By Component: Solution, Services
3) By Enterprise Size: Small & Medium Enterprises, Large Enterprise
4) By End Use: Information Technology & Telecom, Banking, Financial Services, And Insurance, Government, Healthcare, Retail, Other End User
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Regional Insights –
North America was the largest region in the application delivery controller market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the application delivery controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Dell Technologies Inc., Hewlett-Packard Development Company LP, Piolink Inc., Cisco Systems Inc., Sangfor Technologies Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., F5 Networks Inc., Brocade Communication, Riverbed Technology Inc., Cloudflare Inc., Barracuda Networks Inc., Radware Corporation, Pulse Secure LLC, A10 Networks Inc., Kemp Technologies, Array Networks Inc., HAProxy Technologies LLC, Webscale Networks Inc., Evanssion FZ-LLC, Snapt Inc., Total Uptime, NFWare Inc.
Table of Contents
1. Executive Summary
2. Application Delivery Controller Market Report Structure
3. Application Delivery Controller Market Trends And Strategies
4. Application Delivery Controller Market – Macro Economic Scenario
5. Application Delivery Controller Market Size And Growth
…..
27. Application Delivery Controller Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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