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Global Load Balancer Market Forecast to 2023: Exponential Growth in IP Traffic and Cloud Traffic, Surging Adoption of IoT, AI & SDN Technologies & Higher Involvement of VARs and Load Balancer VendorsDUBLIN, Nov. 21, 2018 /PRNewswire/ -- The "Load Balancer Market by Component (Hardware, Software, and Services), Load Balancer Type (Global Load Balancer and Local Load Balancer), Deployment Type, (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. Increasing awareness among enterprises about the benefits of cloud and networking technologies to fuel the demand for load balancing solution and services across the globe This research expects the global load balancer market size to grow from USD 2.6 billion in 2018 to USD 5.0 billion by 2023, at a CAGR of 13.7% during the forecast period. Load balancers facilitate the distribution of network traffic across data centers. Software-based load balancers are cost-effective and provide for easy scalability. Hence, enterprises across verticals are load balancer solutions. However, limited bandwidth providers and the lack of access to high-speed internet may restrain the growth of load balancer market. Key Topics Covered: 1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Adoption of Cloud Load Balancing Services, Data Center Traffic, and Server Virtualization 5.2.1.2 Growing Investments in New Digital Transformation Initiatives By Governments 5.2.1.3 Advancements in the Networking Infrastructure Across the Globe 5.2.1.4 Increased Awareness Among Enterprises About the Benefits of Cloud and Networking Technologies 5.2.1.5 Increased Network Complexity and Varied Traffic Pattern 5.2.2 Restraints 5.2.2.1 Limited Bandwidth Providers and the Lack of Access to High-Speed Internet 5.2.3 Opportunities 5.2.3.1 Exponential Growth in Global IP Traffic and Cloud Traffic 5.2.3.2 Surging Adoption of IoT, AI, and SDN Technologies 5.2.3.3 Higher Involvement of VARs and Load Balancer Vendors 5.2.4 Challenges 5.2.4.1 Implementation of the Latest Load Balancer Components in the Existing Or Traditional Networking Ecosystem 6 Load Balancer Market, By Component 6.1 Introduction 6.2 Hardware 6.2.1 Hardware-Based Load Balancers Help in Reducing Complexities of Infrastructure Management With A Single Application Delivery Network Applications 6.3 Software 6.3.1 Software-Based Load Balancers Provide Real-Time Scalability 6.4 Services 6.4.1 Services Help in Providing Efficient Implementation, and Support and Maintenance of Load Balancer Solutions 7 Market, By Service 7.1 Introduction 7.2 Training and Consulting 7.2.1 Training and Consulting Services Enable Effective Decision-Making in Implementing the Right Load Balancer Solution 7.3 Integration and Deployment 7.3.1 Integration and Deployment Provides Effective Integration of Vendors' Offerings With Clients' Existing Infrastructure and Business Functions 7.4 Support and Maintenance 7.4.1 Support and Maintenance Services Provide A Single Point of Contact to Help Solve Customer Issues Quickly 8 Load Balancer Market, By Load Balancer Type 8.1 Introduction 8.2 Global Load Balancers 8.2.1 Global Load Balancers Provide Load Balancing to Multiple Sites Or Data Centers 8.3 Local Load Balancer 8.3.1 Local Load Balancers are Deployed to Control Traffic Distribution Within Data Centers 9 Market, By Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Enterprises 9.2.1 The Implementation of Load Balancer as A Service is Expected to Result in Reduced Costs and Improved Business Efficiency for the Small 9.3 Large Enterprises 9.3.1 Large Enterprises are Majorly Investing in Advanced Technologies to Increase their Overall Productivity and Efficiency 10 Market, By Deployment Type 10.1 Introduction 10.2 On-Premises 10.2.1 Software-Based On-Premises Load Balancers are Mainly Deployed for Applications Running in Data Centers 10.3 Cloud 10.3.1 Cloud-Based Load Balancers Create A Simple Model for Application Teams to Easily Scale-Up their Load Balancers 11 Market, By Vertical 11.1 Introduction 11.2 Banking, Financial Services, and Insurance 11.2.1 Digitalization Provides Strong and Credible Solutions and Helps Banks Enhance their Quality of Services 11.3 it and Telecom 11.3.1 Load Balancer Solutions Provide Undisrupted Connectivity in the it and Telecom Vertical With the Help of Intelligent Traffic Routing 11.4 Government and Public Sector 11.4.1 Load Balancer Solutions Help in Reducing Cyber Threats and Meeting High Standards of Effectiveness 11.5 Retail 11.5.1 Load Balancer Solutions Promise to Provide High-Performance Load Balancing to Ensure That Retail Websites are Always Up and Running 11.6 Manufacturing 11.6.1 Load Balancers Help in Providing Full Data Visibility and Ensure That the Data Remains Protected in the Manufacturing Sector 11.7 Energy 11.7.1 Load Balancers Help in Streamlining the it Workflow and Smooth Functioning in the Energy Vertical 11.8 Media and Entertainment 11.8.1 Load Balancer Solutions Help in Increasing the Operational Efficiency of Broadcasters 11.9 Healthcare and Life Sciences 11.9.1 Highly Critical Applications in the Healthcare Domain are Easily Taken Care of By High-Performing Load Balancers 11.10 Others 11.10.1 Travel and Hospitality, and Education Verticals are Expected to Adopt Load Balancer Solutions at A Faster Pace Shortly 12 Load Balancer Market, By Region 12.1 Introduction 12.2 North America 12.2.1 North America has Adopted New and Emerging Technologies and Accounts for the Highest Market Share 12.3 Europe 12.3.1 With Heavy Spending on it Infrastructure Services, Europe is the 2nd Largest Player in Terms of Adopting Load Balancer Solutions 12.4 Asia Pacific 12.4.1 Fastest-Growing Economies and Favourable Markets are Important Drivers for the Adoption of Load Balancer Solutions in the Asia Pacific Region 12.5 Middle East and Africa 12.5.1 Technological Advancements, Emerging Technologies, and Cloud Computing Drive the Growth of Load Balancer Solutions 12.6 Latin America 12.6.1 Cost-Effective it Infrastructure Deployments and Explosion of New Technologies are Expected to Drive the Adoption of Cost-Effective Solutions 13 Competitive Landscape 13.1 Overview 13.2 Competitive Scenario 13.2.1 New Product Launches 13.2.2 Business Expansions 13.2.3 Acquisitions 13.2.4 Partnerships 14 Company Profiles
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