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Download Free sampleThe global Load Balancer market was valued at 10.7 Million USD in 2021 and will grow with a CAGR of 9.88% from 2021 to 2027, based on Research newly published report.
The prime objective of Load Balancer Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Load Balancer Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A load balancer is a device that acts as a reverse proxy and distributes network or application traffic across a number of servers.Currently, there are many players in the world. The main market players are F5 Networks, Citrix, A10 Networks, Radware, Brocade, Kemp Technologies, Riverbed Technology, Sangfor, Fortinet, Barracuda, Array Networks, Hangzhou DPtech Technologies Co., Ltd. and so on. The consumption revenue of Load Balancer is about 1008.8Million USD in 2016. In consumption market, the global consumption revenue has decreased to 1099.1 Million USD in 2017 from 670.3 Million USD in 2012. North America is the largest consumption regions of Load Balancer, with a consumption value market share nearly 43.96% in 2016. The second place is Europe; following North America with the consumption value market share over 24.14% in 2016. Load Balancer mainly used by IT & Telecom, BFSI, Government & Public Utilities and other Industries. Report data showed that 32.03% of the Load Balancer market demand for IT & Telecom in 2016. There are three kinds of Load Balancer, which are <10 Gbps Type, 10~40 Gbps Type, >40 Gbps Type Load Balancer, <10 Gbps Type Load Balancer market share is nearly 55.68% in 2016. Briefly speaking, in the next few years, Load Balancer industry will still be a relative steady industry. Sales of Load Balancer have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
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