Hardware Load Balancer Devices Market size is expected to reach nearly US$ 3.51 Bn by 2030 with the CAGR of 11.7% during the forecast period.Hardware Load Balancer Devices Market Overview:
A hardware load balancer is a hardware device i.e. (HLD) with a specialized operating system (OS) that allocates web application traffic through a cluster of application servers. To ensure ideal performance, the HLD distributes traffic according to customized rules so that application servers are not overcome.To know about the Research Methodology:- Request Free Sample Report
Hardware Load Balancer Devices Market Dynamics:
The global hardware load balancer devices market size is expected to reach US$ xx.62 Mn. by 2029, thanks to growing various governments investments in new digital transformation and adoption of cloud load balancing services. Various organizations are boarding on a digital transformation journey. These digital transformation creativities have led IT teams towards a software-driven globe. For example, the Indian Railways online ticketing system (IRCTC) has seen a rapid increase in the online transaction as this rise the web traffic, load balancer play an important role in organizations are adopting cloud-native constructions in data centers to be agile in spinning up instances on-demand and to automatically burst capacity. Many economies are investing heavily in digital transformation. The Australian Government spends approximately USD 6 Bn. for ICT services yearly to bring more new digital capability development & innovation across the country. Moreover, in 2022, the Government of McGowan has spent USD 34.70 Mn. for the growth of digital transformation to boom the public sector in Western Australia. Henceforth, the government’s investments are rapidly driving the adoption of hardware load balancer devices to offer advanced load balancing competencies for consumers.Hardware Load Balancer Devices Market Segmentation:
The MMR report covers all segments in the market such as type, enterprises size and industry verticals. Hardware Load Balancer Devices Market, by Type Based on type, the global load balancer segment dominated the market, with a market size of US$ xx Mn. in 2023 owing to benefits of global disaster recovery support and delivering mission critical business stability in the event of site or regional-level outages. Among these industry verticals, the IT & telecommunication segment is expected to grow at the largest CAGR of nearly 13.02% during the forecast period. Ongoing digital transformation across the world and an increase in cloud migration services are major driving factors for the growth of the IT & telecommunication segment.Hardware Load Balancer Devices Market Regional Analysis
In 2023, North America held the largest xx% market share thanks to high ICT spending and early adoption of advanced technologies in the USA. Large amount of data center traffic and increasing adoption of cloud load balancing services & server virtualization are the major factors fueling the growth of North America hardware load balancer device market. APAC is expected to grow at the highest CAGR of xx% to reach US$ xx Mn. by 2030. This growth is attributed to rapidly increasing government’s investments in new initiatives for digital transformation. India and China are major markets for hardware load balancer devices in the region with market share of xx% and xx% in 2023 respectively.Hardware Load Balancer Devices Market Competitive Landscape
In recent years, major players in the market have taken several strategic measures, such as M&A, facility expansions and partnerships. For example, In 2022, F5 Networks company acquired specialized in load balancing solutions company i.e. Nginx Inc. for nearly USD 670 Million. The acquisition is projected to help the 2019 F5 Networks Company and to enhance its market share and expand its product portfolio, specifically in North American economies such as the U.S. and Canada. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Hardware Load Balancer Devices Market Scope: Inquire before buying
Hardware Load Balancer Devices Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US$ 1.62 Bn. Forecast Period 2024 to 2030 CAGR: 11.7% Market Size in 2030: US$ 3.51 Bn. Segments Covered: by Type Global Load Balancers Local Load Balancers by Enterprise Size Large Enterprises Small and Medium-Sized Enterprises by Industry Vertical Banking, Financial Services and Insurance (BFSI) IT & Telecommunication Government Retail Manufacturing Energy Media & Entertainment Healthcare Others Hardware Load Balancer Devices Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South AmericaHardware Load Balancer Devices Market, Key Players:
1. Kemp Technologies 2. F5 Networks, Inc. 3. A10 Networks 4. Fortinet 5. Barracuda Networks, Inc. 6. Radware 7. Zevenet 8. Brocade Communications Systems, Inc. 9. Citrix Systems, Inc. 10. Incapsula 11. IBM 12. Array Networks Inc. 13. Riverbed Technology, Inc. 14. HPE 15. Others Frequently Asked Questions: 1. Which region has the largest share in Global Hardware Load Balancer Devices Market? Ans: North America region holds the highest share in 2023. 2. What is the growth rate of Global Market? Ans: The Global Market is growing at a CAGR of 11.7% during forecasting period 2024-2030. 3. What is scope of the Global market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Hardware Load Balancer Devices market? Ans: The important key players in the Global Market are – Kemp Technologies, F5 Networks, Inc., A10 Networks, Fortinet, Barracuda Networks, Inc., Radware, Zevenet, 5. What is the study period of this market? Ans: The Global Hardware Load Balancer Devices Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hardware Load Balancer Devices Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hardware Load Balancer Devices Market 3.4. Geographical Snapshot of the Hardware Load Balancer Devices Market, By Manufacturer share 4. Global Hardware Load Balancer Devices Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hardware Load Balancer Devices Market 5. Supply Side and Demand Side Indicators 6. Global Hardware Load Balancer Devices Market Analysis and Forecast, 2023-2030 6.1. Global Hardware Load Balancer Devices Market Size & Y-o-Y Growth Analysis. 7. Global Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. Global Load Balancers 7.1.2. Local Load Balancers 7.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 7.2.1. Large Enterprises 7.2.2. Small and Medium-Sized Enterprises 7.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 7.3.1. Banking, Financial Services and Insurance (BFSI) 7.3.2. IT & Telecommunication 7.3.3. Government 7.3.4. Retail 7.3.5. Manufacturing 7.3.6. Energy 7.3.7. Media & Entertainment 7.3.8. Healthcare 7.3.9. Others 8. Global Hardware Load Balancer Devices Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. Global Load Balancers 9.1.2. Local Load Balancers 9.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 9.2.1. Large Enterprises 9.2.2. Small and Medium-Sized Enterprises 9.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 9.3.1. Banking, Financial Services and Insurance (BFSI) 9.3.2. IT & Telecommunication 9.3.3. Government 9.3.4. Retail 9.3.5. Manufacturing 9.3.6. Energy 9.3.7. Media & Entertainment 9.3.8. Healthcare 9.3.9. Others 10. North America Hardware Load Balancer Devices Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 12. Canada Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 13. Mexico Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 14. Europe Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 15. Europe Hardware Load Balancer Devices Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 17. France Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 18. Germany Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 19. Italy Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 20. Spain Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 21. Sweden Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 22. CIS Countries Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 23. Rest of Europe Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 24. Asia Pacific Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 25. Asia Pacific Hardware Load Balancer Devices Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 27. India Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 28. Japan Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 29. South Korea Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 30. Australia Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 31. ASEAN Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 32. Rest of Asia Pacific Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 33. Middle East Africa Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 34. Middle East Africa Hardware Load Balancer Devices Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 36. GCC Countries Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 37. Egypt Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 38. Nigeria Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 39. Rest of ME&A Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 40. South America Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 41. South America Hardware Load Balancer Devices Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 43. Argentina Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 44. Rest of South America Hardware Load Balancer Devices Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Industry Vertical, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hardware Load Balancer Devices Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Kemp Technologies. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. F5 Networks, Inc. 45.3.3. A10 Networks 45.3.4. Fortinet 45.3.5. Barracuda Networks, Inc. 45.3.6. Radware 45.3.7. Zevenet 45.3.8. Brocade Communications Systems, Inc. 45.3.9. Citrix Systems, Inc. 45.3.10. Incapsula 45.3.11. IBM 45.3.12. Array Networks Inc. 45.3.13. Riverbed Technology, Inc. 45.3.14. HPE 45.3.15. Others 46. Primary Key Insights