Application Delivery Network Global Market Report 2024

The application delivery network market has grown rapidly in recent years. It will grow from $7.55 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth observed during the historical period can be attributed to several factors. These include a rise in internet usage, an increase in mobile device usage, the expansion of e-commerce activities, a growing demand for high-quality user experiences, concerns related to cybersecurity, and the globalization of businesses. Collectively, these factors played a pivotal role in driving the development and adoption of the Application Delivery Network (ADN) during the historical timeframe.

The application delivery network market is expected to see rapid growth in the next few years. It will grow to $13.51 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the upcoming forecast period can be attributed to several key factors. These include advancements in user analytics, the sustained increase in remote work trends, industry-specific requirements driving customization, support for containerization and microservices, and an increased emphasis on security features within the Application Delivery Network (ADN). Major trends expected in the forecast period encompass the integration of edge computing, the adoption of cloud-native solutions, the incorporation of performance monitoring (APM), the implementation of multi-cloud deployment strategies, the influence of software-defined networking (SDN), and the adoption of IPv6. These trends are poised to significantly impact and drive growth in the field of Application Delivery Networks, reflecting the evolving needs and technological landscape in the forecasted period.

The proliferation of cloud-hosted applications is poised to fuel the expansion of the application delivery network market. Cloud applications amalgamate local and cloud-based elements, and an application delivery network in the cloud is a solution aimed at delivering advanced programs globally with unparalleled performance. For instance, in December 2021, a survey titled "The Cloud in 2021," conducted by O’Reilly Media Inc., encompassing 2,834 respondents worldwide, revealed that 90% of participating organizations are actively utilizing cloud-based applications. Additionally, nearly half of the surveyed participants (48%) expressed intentions to migrate 50% or more of their applications to the cloud within the upcoming year, with 20% aiming for a complete shift to cloud hosting. Thus, the surge in cloud-hosted applications is a significant driver for the growth of the application delivery network market.

The escalating frequency of cyber-attacks is anticipated to drive the expansion of the application delivery network market. Cyber-attacks encompass deliberate and malevolent efforts to compromise the integrity, confidentiality, or availability of digital information, computer systems, or networks. Application delivery networks play a vital role in defending against these threats, optimizing performance, and fortifying application resilience amidst evolving cyber threats. For instance, in December 2023, AAG IT Services, a US-based cybersecurity firm, highlighted an 81% increase in cyber-attacks in Australia between July 2021 and June 2022. Notably, attacks targeting financial websites surged by over 200% in 2022, as per recent cybercrime statistics. Consequently, the escalating frequency of cyber-attacks acts as a catalyst for the growth of the application delivery network market.

Technological advancement stands as the prominent trend gaining traction in the application delivery network market. Major market players are dedicated to developing technologically sophisticated products to fortify their market position. For example, in February 2023, Microsoft Corporation, a US-based multinational technology company specializing in software, services, and devices, launched an enhanced version of Azure Front Door. This updated solution aims to facilitate the seamless transition of enterprise applications into more reliable, tailored modern applications. It provides a secure and dependable method to globally distribute content, enhancing the speed and scalability of online applications. Additionally, Front Door implements robust security measures such as TLS/SSL encryption and DDoS defense.

Major companies operating in the application delivery network market are concentrating on creating private distribution networks for software updates to enhance market profitability. These private distribution networks for software updates are closed or restricted systems established by software developers or organizations to disseminate updates, patches, or new software versions. For instance, in 2021, JFrog, a US-based software company, deployed the industry's inaugural exclusive software update distribution network. This innovation enables rapid large-scale application distribution. Leveraging a private distribution network allows businesses to expedite software distribution significantly, accelerating update deployments for applications and facilitating simultaneous binary downloads across tens of thousands of environments, edges, and embedded/IoT devices.

In September 2022, TIBCO Software, a prominent US-based business intelligence software company, completed a merger with Citrix Systems, Inc., the cloud computing and virtualization technology company, for an undisclosed amount. This strategic merger is intended to accelerate TIBCO's digital transformations, empowering the company to provide advanced tools for the future of hybrid work on a broader scale and to a larger client base. Citrix Systems, Inc. is known for its expertise in offering Citrix application delivery and security solutions within the realm of cloud computing and virtualization technology.

Major companies operating in the application delivery network market report are A10 Networks Inc., Array Networks Inc., Aryaka Networks Inc., Barracuda Networks Inc., Broadcom Inc., Cisco Systems Inc., F5 Inc., Fortinet Inc., Hewlett-Packard Enterprise Inc., Juniper Networks Inc., Radware Inc., Riverbed Technology LLC, Sangfor Technologies Inc., Akamai Technologies Inc., KEMP Technologies Inc., Citrix Systems Inc., Dell Technologies Inc., Oracle Corporation, Check Point Software Technologies Ltd., Blue Coat Systems Inc., Palo Alto Networks Inc., Zscaler Inc., Cloudflare Inc., Limelight Networks Inc., Highwinds Networks, Verizon Enterprise Solutions, American Telephone and Telegraph Company, Charter Communications Inc., Comcast Corp., Cox Communications Inc., McAfee Associates Inc.

North America was the largest region in the application delivery network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global application delivery network market during the forecast period. The regions covered in the application delivery network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the application delivery network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Key products within the Application Delivery Network include Application Delivery Controllers, WAN Optimization Controllers, Application Security Equipment, and Application Gateways. WAN Optimization Controllers are devices designed to enhance the bandwidth of a wide-area network, contributing to an enhanced end-user experience. These controllers are deployed in both cloud and on-premise settings and find application across various industries, including banking, financial services and insurance (BFSI), healthcare, education, retail, government, media and entertainment, among others.

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The application delivery network market includes revenues earned by entities by providing application delivery controllers, content delivery network services and secure web gateway services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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