Application Delivery Controllers (ADC) Market to Reach $12.8 Bn, Globally, by 2030 at 19.1% CAGR: Allied Market Research
Emerging need to continue uninterrupted communication channels along with different business operations and rise in the number of mobile-based applications drive the growth of the global application delivery controllers (ADC) market.
PORTLAND, Ore., April 19, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Application Delivery Controllers (ADC) Market by Deployment Model (On-Premise, Cloud), by Enterprise Size (Large Enterprises, Small And Medium-Sized Enterprises), by End User (IT And Telecom, Retail, BFSI, Healthcare, Government, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global application delivery controllers industry generated $2.3 billion in 2020, and is estimated to reach $12.8 billion by 2030, witnessing a CAGR of 19.1% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Emerging need to continue uninterrupted communication channels along with different business operations, rise in the number of mobile-based applications, and increase in trend of bring your own device to workplace drive the growth of the global application delivery controllers (ADC) market. Moreover, low setup and maintenance costs supplement the market growth. However, issues related to security restrain the market growth. On the other hand, the inclination toward cloud and rise in adoption of ADC by the IT and telecom sectors are estimated to create new opportunities in the coming years.
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The on-premise segment to maintain its leadership status during the forecast period
Based on deployment mode, the on-premise segment held the highest market share in 2020, accounting for nearly three-fourths of the global aplication delivery controllers market, and is projected to maintain its leadership status during the forecast period. This is due to benefits such as low deployment cost, easy scalability, agility, and less maintenance cost. However, the cloud segment is expected to witness the highest CAGR of 23.8% from 2021 to 2030, owing to its supports for the use of the dedicated micro-services within the enterprise environments.
The IT & telecom segment to maintain its lead position during the forecast period
Based on end user, the IT & telecom segment accounted for the largest market share in 2020, contributing to more than one-third of the global ADC market lead position during the forecast period. This is attributed to investments to a greater extent in hardware ADCs as compared to the software/VADCs. However, the BFSI segment is estimated to manifest the largest CAGR of 22.6% from 2021 to 2030, owing to rise in online banking, digitalization in the financial sector, and the requirement to avoid DDOS attacks and minimize the security threats.
North America to maintain its dominance in terms of revenue by 2030
Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global application delivery controllers market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to surge in enterprise mobility and extensive wireless connectivity. However, Asia-Pacific is projected to portray the fastest CAGR of 22.5% during the forecast period, owing to digitalization and growth in adoption of the IoT-based applications.
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