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Global Load Balancer Market to 2030: Favorable Government Efforts and Rising Investments in Digitization Drive Growth

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Dublin, April 12, 2023 (GLOBE NEWSWIRE) — The “Load Balancer Market Size, Share, & Trends Analysis Report by Component, by Service, by Type, by Deployment, by Enterprise size, by End-use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global load balancer market is expected to reach USD 16.14 billion by 2030 registering a CAGR of 14.8% during the forecast period.

Companies Mentioned

  • A10 Networks, Inc.
  • Amazon Web Services, Inc.
  • Citrix Systems, Inc.
  • F5, Inc.
  • Ibm
  • Hewlett Packard Enterprise Development Lp
  • Microsoft Corporation
  • Palo Alto Networks Inc.
  • Cisco Systems, Inc.
  • Google LLC

Increasing adoption of the data center traffic, cloud-based load balancing services, and server virtualization are the major factors that are likely to create opportunities for the load balancer market.

Additionally, the load balancer market is driven by favorable government efforts and rising investments in digitization. For instance, due to the increased web traffic, the online ticketing system for the Indian Railway Catering and Tourism Corporation (IRCTC) has seen a notable increase in online transactions. Key players are making investments in network infrastructure development, and this, in turn, is increasing need for the efficient load balancers. This is attributed to the rising demand for the load balancer market during the forecast period.

Demand for load balancers has increased as usage of connected devices has increased and is one of the primary factors driving the market growth. The amount of traffic in retail spaces is increasing due to the quick expansion of e-commerce companies such as Amazon and Flipkart (Wal-Mart). End-users give a lot of traction to multiple sale occasions like Flip kart’s big billion-day sale. To prevent the website’s server from going down, due to the high-end-user traffic, e-commerce platforms use load-balancing technologies to monitor network activity.

The development of platform-based applications and advent of the software network technologies have contributed to the growth of the load balancer market. For instance, the load is distributed among all the nodes in the data center using Cloud Load Balancing (CLB). This distribution is carried out to maximize efficient resource use. The adoption of these solutions offers lucrative opportunities for the growth of the market.

Load balancing has witnessed an increased adoption owing to its ability to optimize resource consumption, data delivery, and response time for organizations that run high-traffic websites, applications, or databases that receive a lot of queries. Load balancing ensures that user requests are processed quickly and correctly in high-traffic scenarios. They save users from having to deal with annoyingly slow programs and resources.

In addition to managing traffic and increasing efficiency, load balancing offers the flexibility to add and remove servers as needed. This ensures high accessibility and reliability by directing requests to only active servers, which is anticipated to fuel the load balancer market considerably during the forecast period.

Load Balancer Market Report Highlights

  • The hardware segment accounted for the largest market share of more than 56.6% in 2021. The segment growth can be attributed to growing emphasis on the networking infrastructure and technology trends, as well as various government initiatives, including the digital economy and platforms
  • The support and maintenance segment is expected to observe a CAGR of 18.3% during the forecast period. Third-party support and maintenance offer an external substitute for handling all IT systems and hardware, addressing various concerns about managing the entire IT infrastructure while balancing market disruptions. Additionally, they frequently provide more comprehensive, personalized maintenance packages, boosting the segment’s growth
  • The load balancer segment is expected to register a CAGR of 15.3% during the forecast period. The segment growth can be attributed to the increasing demand as the businesses spread server resources across many sites, necessitating effective traffic distribution for a better customer experience
  • The Asia Pacific regional market is expected to reach USD 5,033.3million by 2030 and emerge as the fastest-growing regional market due to the increasing usage of network traffic monitoring by business clients in rapidly developing countries such as Singapore, China, and India. Additionally, major factors supporting the market growth in this region are the increasing use of smartphones and the internet. For instance, in March 2022, No name Security, an API security company, announced a partnership with AZ Asia Pacific. The partnership aims to provide better service to the customers in Asia Pacific region by leveraging AI-based behavioral analysis to identify attacks, suspicious activity, and configuration errors, supporting the segment growth
  • The cloud segment is expected to register a CAGR of 17.0% during the forecast period, owing to the benefits of cloud-based deployment, including cost savings, agility, and simplicity in accessing the data, and the continuous adoption of Work from Home (WFH) policies by the companies
  • The small & medium enterprise segment is anticipated to grow at a CAGR of 15.1% during the forecast period, owing to the early adoption of digital technology such as artificial intelligence and machine learning by SMEs to accelerate the growth of their products and services
  • The BFSI segment is presumed to develop at a CAGR of 14.3% during the forecast period. Rising technological developments in the banking industry and enhancements such as net banking, security, and monitoring levels have prompted banks and other financial entities to adopt load-balancing technology

Key Attributes:

Report Attribute Details
No. of Pages 120
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $5.33 Billion
Forecasted Market Value (USD) by 2030 $16.14 Billion
Compound Annual Growth Rate 14.8%
Regions Covered Global

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Load Balancer Market: Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Load Balancer Market Variable Analysis
3.3.1 Market Driver Analysis
3.3.2 Market Restraint/Challenge Analysis
3.4 Value Chain Analysis
3.5 Market Analysis Tools
3.5.1 Load balancer Industry Analysis – Porter’s Five Forces
3.5.2 Load balancer Industry Analysis – PEST
3.6 Impact of COVID – 19 on Load Balancer Market

Chapter 4 Load Balancer Market: Component Segment Analysis
4.1 Load Balancer Market: By Component Segment Outlook & Market Share,2021 and 2030
4.2 Hardware
4.2.1Hardwareload balancer market, by region, 2017 – 2030 (USD Million)
4.3 Software
4.3.1 Software load balancer market, by region, 2017 – 2030 (USD Million)
4.4 Services
4.4.1 Services load balancer market, by region, 2017 – 2030 (USD Million)

Chapter 5 Load Balancer Market: Service Segment Analysis
5.1 Load Balancer Market: By Services Segment Outlook & Market Share, 2021 and 2030
5.2 Training and Consulting
5.2.1 Training and consulting load balancer market, By region, 2017 – 2030 (USD Million)
5.3 Integration and Deployment
5.3.1 Integration and deployment load balancer market, By region, 2017 – 2030 (USD Million)
5.4 Support and Maintenance
5.4.1 Support and maintenance load balancer market, By region, 2017 – 2030 (USD Million)

Chapter 6 Load Balancer Market: Type Segment Analysis
6.1 Load Balancer Market: By Type Segment Outlook & Market Share, 2021 and 2030
6.2 Local load balancer
6.2.1 Local load balancer market, By region, 2017 – 2030 (USD Million)
6.3 Global load balancer
6.3.1 Global load balancer load balancer market, By region, 2017 – 2030 (USD Million)

Chapter 7 Load Balancer Market: Deployment Segment Analysis
7.1 Load Balancer Market: By Deployment Segment Outlook & Market Share, 2021 and 2030
7.2 Cloud
7.2.1 Cloud load balancer market, By region, 2017 – 2030 (USD Million)
7.3 On-premise
7.3.1 On-premise load balancer market, By region, 2017 – 2030 (USD Million)

Chapter 8 Load Balancer Market: End-use Segment Analysis
8.1 Load Balancer Market: By End-use Segment Outlook & Market Share, 2021 and 2030
8.2 BFSI
8.2.1 Load balancer market in BFSI, by region, 2017 – 2030 (USD Million)
8.3 Retail
8.3.1 Load balancer market in retail, by region, 2017 – 2030 (USD Million)
8.4 Government
8.4.1 Load balancer market in government, by region, 2017 – 2030 (USD Million)
8.5 Manufacturing
8.5.1 Load balancer market in manufacturing, by region, 2017 – 2030 (USD Million)
8.6 IT & Telecom
8.6.1 Load balancer market in IT & Telecom, by region, 2017 – 2030 (USD Million)
8.7 Healthcare
8.7.1 Load balancer market in healthcare, by region, 2017 – 2030 (USD Million)
8.8 Others
8.8.1 Load balancer market in others end-use, by region, 2017 – 2030 (USD Million)

Chapter 9 Load Balancer Market: Region Segment Analysis

Chapter 10 Competitive Analysis

Chapter 11 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/8r5dw1

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Praesidiad takes High Court action against competitor and ex-employees for alleged wrongdoing

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LONDON, May 7, 2024 /PRNewswire/ — Through its subsidiary, Hesco Bastion Limited (Hesco), legal action has been commenced in the High Court in London against Dirickx Systems Limited (Dirickx) and a number of ex-employees of Hesco.  The claim involves allegations of misuse of confidential information, breach of employee’s duties of good faith, infringement of patent and copyright as well as misrepresentations to customers. 

The allegations of wrongdoing include the removal by the ex-employees, either alone or together, of commercially sensitive information, confidential to Hesco.
Hesco is seeking orders from High Court for appropriate injunctions to restrain further infringing activity, an enquiry into damages or alternatively an account of Dirickx’s profits as well as payment of its legal costs.  A High Court trial in London is expected within 12-18 months.
Dino Koutrouki, CEO, said “Whilst Praesidiad as a business welcomes legitimate competition, it is not prepared to allow the actions of former employees, placed in a position of trust and duty of good faith, to unlawfully take advantage of the foundations of our business in order compete with us.  
Hesco has a proud history as a leading innovator. For over 30 years customers have depended on us for original, high quality life safety products conceived, created and developed by us and tested independently to the highest standards. We have a duty to defend our innovation and our brand through this High Court action. Hesco intends to pursue its claims to the fullest degree, and we confidently expect the litigation process will reveal the full extent of wrongdoing of which the above is only a snapshot.”
Full details of our claim can be viewed on our website and here: Particulars_of_Infringement
Particulars_of_Claim
About Praesidiad
PRÆSIDIAD (www.praesidiad.com) owned brands Betafence and Hesco are market leaders in integrated perimeter and physical security solutions. Global Manufacturers of fencing products, defensive barriers, body armor and industrial mesh; manufacturing and supplying protection around the world.
About HESCO
Hesco (www.hesco.com) is a world leader and innovator in defence, perimeter protection and security systems, including defensive barriers, flood barriers, rapid deployment systems, safe haven bunkers and ballistic resistant body armor.
Hesco is synonymous with force protection and is recognised across its industry for its commitment to saving lives, property and the environment, whenever and wherever it is needed.
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Pudu Robotics Debuts Advanced Smart Cleaning Tech at Interclean Amsterdam

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AMSTERDAM, May 7, 2024 /PRNewswire/ — In a move that underscores its innovation in smart cleaning technology, Pudu Robotics (“PUDU”), the global leader in service robotics, is set to captivate the cleaning industry with its first appearance at the prestigious Interclean Amsterdam 2024, the largest professional cleaning trade show in the world and unsurpassed in its role as an international business networking platform for the cleaning and hygiene industry.

From May 14-17, PUDU’s booth in Hall 5 05.317 at RAI Amsterdam will serve as a beacon for innovation, inviting industry professionals to explore the new cleaning frontier, where they will have the exclusive opportunity to witness cutting-edge advancements in cleaning technology.
The spotlight of this year’s showcase is undoubtedly on the official debut of the highly anticipated and newly upgraded PUDU SH1, a smart upright scrubber dryer that is set to redefine cleaning efficiency and effectiveness. Scheduled for May 14th between 14:00-15:00, an unveiling ceremony will introduce attendees to this next-generation cleaner. This event will include insightful presentations from product experts detailing key upgrades of PUDU SH1 and an overview of new solutions provided by its counterpart, PUDU CC1.
In addition to product introductions, visitors are encouraged to engage with live demonstrations taking place at the Robot Arena throughout the exhibition days.
PUDU’s Daily Demonstration Schedule at the Robot Arena
– Tuesday, May 14: Sessions at 10:45, 12:30, 14:15, and 16:00- Wednesday, May 15: Sessions at 11:15, 13:00, 14:45, and 16:30- Thursday, May 16: Sessions at 10:15, 12:00, 13:45, 15:30 and 17:15- Friday, May 17: Session at 11:30
These sessions offer a hands-on experience with PUDU CC1 while facilitating direct interaction with specialists who can provide deeper insights into their operational capabilities and benefits.
PUDU is enthusiastic about engaging with fellow innovators and stakeholders who are keen on developing future clean environments through intelligent technology. By showcasing its technological prowess and commitment to advancing smart cleaning solutions, PUDU aims to showcase new products, foster industry connections and seek potential partnerships at Interclean Amsterdam 2024.
To learn more about the latest information on cleaning products and to gain an immersive experience, visitors can register through the following link to obtain FREE tickets from PUDU:
https://register.visitcloud.com/survey/2hdir9zqg5391?actioncode=NTWO001675WTZ&partner-contact=03bjh516im8tu 
About Pudu Robotics
Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds nearly a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education, and manufacturing. To date, Pudu Robotics has successfully shipped over 70,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide.
For more information on business developments and updates, follow PUDU on Facebook, YouTube, LinkedIn, Twitter, and Instagram.
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Clarivate Introduces Epidemiology Intelligence™ for Precision Patient Population Analysis

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Empowering biopharma with unified epidemiology, incidence and prevalence data alongside claims-based population insights, for precise market sizing and patient population analysis
LONDON, May 7, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced the launch of Epidemiology Intelligence™. The new solution combines rich insights from epidemiology, incidence and prevalence database solutions. It includes U.S. claims-based population insights to empower biopharma companies to accurately gauge market size and target patient demographics with ease.

In today’s rapidly evolving market landscape, precise forecasting is essential for biopharmaceutical companies. Yet, traditional research methods often come with limitations that can lead to inaccurate estimations and costly consequences. Epidemiology Intelligence empowers users with unique insights to address critical questions about the drug-treatable population. The solution facilitates precise assessments, identification of niche populations and accurate predictions based on population insights.
Ravindra Sharma, VP Product Management, Clarivate, said: “The launch of Epidemiology Intelligence marks a significant milestone for Clarivate in our ongoing commitment to deliver comprehensive and actionable solutions to life sciences and healthcare companies. Clients can now access comprehensive coverage of disease epidemiology paired with expert analysis, seamlessly integrated into a unified platform. The new solution enables them to deliver safe, effective and commercially successful treatments to patients faster.”
Epidemiology Intelligence accelerates data-driven decision-making across the drug development lifecycle. Clients can benchmark market forecasts, validate investments, pinpoint growth opportunities and utilize the solution to strategically position their products for success.
To learn more about Epidemiology Intelligence, visit here.
About Epidemiology Intelligence
Epidemiology Intelligence is a new, unified Clarivate patient population offering that brings together our legacy Epidemiology and Incidence and Prevalence Database solutions, as well as claims-based population insights, on a single platform. This transformative solution offers user-friendly visualizations, easy data exports and a unique breadth and depth of patient population insights. Conduct thorough market assessment with comprehensive coverage across 1200+ diseases and procedures. Dive deep into expert disease-specific epidemiology analysis and 10 and 20-year forecasts across 220 indications and over 5000 patient populations. Leverage expanded patient segmentation and location granularity with insights sourced from Clarivate U.S. Real-World Data.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Catherine DanielDirector External Communications, Life Sciences & [email protected]
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