Market Overview:
The global software load balancers market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based services and applications, rising trend of BYOD (Bring Your Own Device), and growing need for optimized application performance. In terms of type, the installable load balancers segment is expected to hold a larger share of the market during the forecast period. This can be attributed to their ability to offer enhanced security and performance as compared with LBaaS solutions. By application, IT & telecom is expected to hold a larger share of the global software load balancers market during the forecast period owing to increased adoption of cloud-based services by enterprises in this sector.
Product Definition:
A software load balancer (SLB) is a computer networking device that distributes network traffic across multiple servers. It increases the performance and reliability of a network by distributing the workload evenly among several servers.
Installable Load Balancers:
The installable load balancers, also known as SLB or ILB, are the type of software-based load balancing that is used to distribute traffic among multiple servers. It is a form of Software-as-a-Service (SaaS) technology and helps in improving business processes by reducing costs and increasing operational efficiency.
Load Balancer as a Service(LBaaS):
The global load balancer as a service market size was valued at USD 557.6 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for cloud-based solutions has led to an increase in the adoption of software load balancers by small and medium enterprises, which are later followed by large enterprises.
Application Insights:
The software load balancers market is segmented by application into IT & telecom, BFSI, government and others. The IT & Telecom sector accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for Software-as-a-Service (SAAS) among various industries such as media & entertainment, banking, financial services and insurance (BFSI). Furthermore, growing adoption of cloud computing has led to an increase in demand for load balancers from within the IT industry.
The BFSI sector is also estimated to witness significant growth over the forecast period owing to increasing usage of load balancers by banks and other financial institutions that are tryingto mitigate online attacks launched from within their intranet or extranet networks.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of prominent players such as Cisco Systems, Inc., and Arista Networks, Inc. In addition, increasing demand for high-performance computing systems is driving the regional market. Moreover, rising adoption of cloud-based technologies is also expected to drive growth over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the next eight years owing to increasing investments in infrastructure development by various governments across countries such as China and India for supporting digitalization process at a faster pace than others.
Growth Factors:
- Increasing demand for cloud-based services: The Software Load Balancers market is witnessing a surge in demand for cloud-based services. This is owing to the benefits offered by cloud computing such as scalability, flexibility, and cost-effectiveness.
- Proliferation of big data and IoT: The growth of big data and IoT is fueling the need for Software Load Balancers solutions that can handle large volumes of traffic effectively.
- Emergence of microservices architecture: Microservices architecture is gaining traction among organizations due to its advantages such as improved agility and scalability. This is leading to an increase in demand for Software Load Balancer solutions that are optimized for microservices deployments.
- Growing popularity of DevOps culture: The DevOps culture encourages collaboration between development and operations teams, which has led to an increase in the adoption of Software Load Balancer solutions among organizations worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Software Load Balancers Market Research Report
By Type
Installable Load Balancers, Load Balancer as a Service(LBaaS)
By Application
IT & Telecom, BFSI, Government, Others
By Companies
IBM, Microsoft, Google, Nginx, AWS, Stratoscale, Fortinet, Incapsula, Radware, Kemp Technologies, Fastly, Dialogic, Avi Networks, Joyent, Inlab Networks, Cloudflare, Array Networks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Software Load Balancers Market Report Segments:
The global Software Load Balancers market is segmented on the basis of:
Types
Installable Load Balancers, Load Balancer as a Service(LBaaS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT & Telecom, BFSI, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Google
- Nginx
- AWS
- Stratoscale
- Fortinet
- Incapsula
- Radware
- Kemp Technologies
- Fastly
- Dialogic
- Avi Networks
- Joyent
- Inlab Networks
- Cloudflare
- Array Networks
Highlights of The Software Load Balancers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Installable Load Balancers
- Load Balancer as a Service(LBaaS)
- By Application:
- IT & Telecom
- BFSI
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Software Load Balancers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A software load balancer (SLB) is a type of network appliance that sits in front of web servers and distributes incoming requests among the servers. This allows you to scale your web server infrastructure by distributing the load among multiple machines.
Some of the major companies in the software load balancers market are IBM, Microsoft, Google, Nginx, AWS, Stratoscale, Fortinet, Incapsula, Radware, Kemp Technologies, Fastly, Dialogic, Avi Networks, Joyent, Inlab Networks, Cloudflare, Array Networks.
The software load balancers market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Software Load Balancers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Software Load Balancers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Software Load Balancers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Software Load Balancers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Software Load Balancers Market Size & Forecast, 2018-2028
4.5.1 Software Load Balancers Market Size and Y-o-Y Growth
4.5.2 Software Load Balancers Market Absolute $ Opportunity
Chapter 5 Global Software Load Balancers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Software Load Balancers Market Size Forecast by Type
5.2.1 Installable Load Balancers
5.2.2 Load Balancer as a Service(LBaaS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Software Load Balancers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Software Load Balancers Market Size Forecast by Applications
6.2.1 IT & Telecom
6.2.2 BFSI
6.2.3 Government
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Software Load Balancers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Software Load Balancers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Software Load Balancers Analysis and Forecast
9.1 Introduction
9.2 North America Software Load Balancers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Software Load Balancers Market Size Forecast by Type
9.6.1 Installable Load Balancers
9.6.2 Load Balancer as a Service(LBaaS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Software Load Balancers Market Size Forecast by Applications
9.10.1 IT & Telecom
9.10.2 BFSI
9.10.3 Government
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Software Load Balancers Analysis and Forecast
10.1 Introduction
10.2 Europe Software Load Balancers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Software Load Balancers Market Size Forecast by Type
10.6.1 Installable Load Balancers
10.6.2 Load Balancer as a Service(LBaaS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Software Load Balancers Market Size Forecast by Applications
10.10.1 IT & Telecom
10.10.2 BFSI
10.10.3 Government
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Software Load Balancers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Software Load Balancers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Software Load Balancers Market Size Forecast by Type
11.6.1 Installable Load Balancers
11.6.2 Load Balancer as a Service(LBaaS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Software Load Balancers Market Size Forecast by Applications
11.10.1 IT & Telecom
11.10.2 BFSI
11.10.3 Government
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Software Load Balancers Analysis and Forecast
12.1 Introduction
12.2 Latin America Software Load Balancers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Software Load Balancers Market Size Forecast by Type
12.6.1 Installable Load Balancers
12.6.2 Load Balancer as a Service(LBaaS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Software Load Balancers Market Size Forecast by Applications
12.10.1 IT & Telecom
12.10.2 BFSI
12.10.3 Government
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Software Load Balancers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Software Load Balancers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Software Load Balancers Market Size Forecast by Type
13.6.1 Installable Load Balancers
13.6.2 Load Balancer as a Service(LBaaS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Software Load Balancers Market Size Forecast by Applications
13.10.1 IT & Telecom
13.10.2 BFSI
13.10.3 Government
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Software Load Balancers Market: Competitive Dashboard
14.2 Global Software Load Balancers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Google
14.3.4 Nginx
14.3.5 AWS
14.3.6 Stratoscale
14.3.7 Fortinet
14.3.8 Incapsula
14.3.9 Radware
14.3.10 Kemp Technologies
14.3.11 Fastly
14.3.12 Dialogic
14.3.13 Avi Networks
14.3.14 Joyent
14.3.15 Inlab Networks
14.3.16 Cloudflare
14.3.17 Array Networks
