Global Hardware Load Balancer Devices Market size was valued US$ XX Mn. in 2019 and is expected to grow at a CAGR of 12.05% over 2020-2026, to account for US$ XX Mn. in 2026.
Global 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.
Global Hardware Load Balancer Devices Market Size & Growth Rate 2019-2026

Global Hardware Load Balancer Devices Market size

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Global Hardware Load Balancer Devices Market Dynamics:

The global hardware load balancer devices market size is expected to reach US$ XX.62 Mn. by 2026, 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 2019, 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.
Global Hardware Load Balancer Devices Market Segmentation:

The MMR report covers all segments in the hardware load balancer devices market such as type, enterprises size and industry verticals.
Global Hardware Load Balancer Devices Market, by Type

• Global Load Balancers
• Local Load Balancers

Based on type, the global load balancer segment dominated the market, with a market size of US$ XX Mn. in 2019 owing to benefits of global disaster recovery support and delivering mission critical business stability in the event of site or regional-level outages.

Global Hardware Load Balancer Devices Market by type
Global Hardware Load Balancer Devices Market, by Enterprise Size

• Large Enterprises
• Small and Medium-Sized Enterprises
Global Hardware Load Balancer Devices Market, by Industry Vertical

• Banking, Financial Services and Insurance (BFSI)
• IT & Telecommunication
• Government
• Retail
• Manufacturing
• Energy
• Media & Entertainment
• Healthcare
• Others

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.
Global Hardware Load Balancer Devices Market Regional Analysis

• North America
• Europe
• Asia-Pacific
• Middle East& Africa
• South America

In 2020, 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 devices market.

APAC is expected to grow at the highest CAGR of XX% to reach US$ XX Mn. by 2026. 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 2020 respectively.
Competitive Landscape

Key players operating in the Global Hardware Load Balancer Devices Market are

• Kemp Technologies
• F5 Networks, Inc.
• A10 Networks
• Fortinet
• Barracuda Networks, Inc.
• Radware
• Zevenet
• Brocade Communications Systems, Inc.
• Citrix Systems, Inc.
• Incapsula
• IBM
• Array Networks Inc.
• Riverbed Technology, Inc.
• HPE
• Others

In recent years, major players in the hardware load balancer devices market have taken several strategic measures, such as M&A, facility expansions and partnerships. For example, In 2019, 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 Hardware Load Balancer Devices 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 Hardware Load Balancer Devices Market dynamics, structure by analyzing the market segments and project the Global Hardware Load Balancer Devices 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 Hardware Load Balancer Devices Market make the report investor’s guide.
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