Cloud Load Balancers Global Market Report 2024

The cloud load balancers market size has grown rapidly in recent years. It will grow from $8.96 billion in 2023 to $10.4 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth observed during the historic period can be credited to the emergence of cloud computing, a surge in internet traffic, the expansion of e-commerce, business growth, and heightened concerns regarding cybersecurity.

The cloud load balancers market size is expected to see rapid growth in the next few years. It will grow to $19.14 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period is driven by the expansion of edge computing, increased adoption of hybrid cloud solutions, the rollout of 5G technology, advancements in zero-trust security measures, and the continued growth of the Internet of Things (IoT). Major trends expected during this period include a transition towards software-defined load balancing approaches, the integration of AI-driven traffic optimization techniques, the implementation of API-driven load balancing strategies, incorporation of load balancers with service mesh technologies, and the emergence of edge-specific load balancers.

The growth of the cloud load balancers market is expected to be fueled by the increasing number of online gamers. Online gamers engage in multiplayer video games over the internet, interacting with others in virtual environments. This demographic is expanding due to the rising popularity of online multiplayer games, advancements in blockchain-based technologies, and the emergence of competitive gaming tournaments and esports. Cloud load balancers play a crucial role in distributing traffic across online gaming platforms, ensuring low-latency connections, optimizing game performance, and evenly managing loads during peak gaming periods. For example, according to Uswitch Limited in May 2023, the global online gamer population reached 3.2 billion in 2022 and is projected to reach 5.7 billion by 2032, representing a 44% increase from 2022. Consequently, the growing number of online gamers is propelling the growth of the cloud load balancers market.

Key players in the cloud load balancers market are concentrating on developing security-centric load balancing solutions, such as managed load balancers, to gain a competitive advantage. Managed Load Balancer, equipped with an SSL certificate, offers SSL/TLS encryption capabilities to secure data transmission between clients and servers. For instance, in March 2022, UpCloud, a Finland-based cloud service provider, introduced Managed Load Balancer to simplify load balancing for cloud services. It features easy setup via an intuitive control panel or API, with development and production plans. The production plan ensures high availability through a dual-node setup, supporting up to 50,000 concurrent connections per node. The managed load balancer and SSL certificate manager aim to streamline operations and enhance resilience in cloud infrastructure. Currently available in open beta, it promises stress-free load distribution.

In November 2021, Progress Software Corporation, a US-based provider of software for creating and deploying business applications, acquired Kemp Technologies for an undisclosed amount. This acquisition expands Progress's portfolio to encompass application experience management, complementing its existing offerings in DevOps, application development, data connectivity, and digital experience. Kemp Technologies, based in the US, specializes in providing cloud load balancers.

Major companies operating in the cloud load balancers market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Cisco Systems Inc., Broadcom Inc., VMware Inc., Snapt Inc., Fortinet Inc., Citrix Systems Inc., F5 Networks Inc., Array Networks Inc., Sangfor Technologies Inc., Cloudflare Inc., DigitalOcean Inc., Riverbed Technology Inc., Imperva Inc., Barracuda Networks Inc., Radware Ltd., A10 Networks Inc., Scaleway Inc., Kemp Technologies Inc., Aviatrix Systems, Linode LLC, HAProxy Technologies LLC, NGINX Inc., Edgenexus Ltd., Loadbalancerorg Ltd., Total Uptime Technologies LLC, Zevenet SL, Inlab Networks Pty Ltd.

North America was the largest region in the cloud load balancers market in 2023. The regions covered in the cloud load balancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cloud load balancers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud load balancer is a vital networking tool in cloud computing, efficiently distributing incoming network traffic across servers to maintain performance and prevent overload. It optimizes application performance, availability, and security in cloud environments, offering centralized traffic management and facilitating scalable, reliable services.

The key components of the cloud load balancers market include hardware, software, services (such as training, consulting, integration, and deployment), and support and maintenance. Hardware comprises essential computer system parts such as the processor, CPU, memory, and storage drives. These solutions cater to organizations of varying sizes, from large-scale enterprises to small and medium-sized businesses, and serve multiple sectors including BFSI, IT, telecom, healthcare, retail, government, defense, and others.

The cloud load balancers market research report is one of a series of new reports that provides cloud load balancers market statistics, including the cloud load balancers industry global market size, regional shares, competitors with a cloud load balancers market share, detailed cloud load balancers market segments, market trends and opportunities, and any further data you may need to thrive in the cloud load balancers industry. This cloud load balancers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud load balancer market consists revenues earned by entities by providing services such as traffic distribution, SSL termination, auto-scaling integration, and API access. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud load balancer market also includes of sales of application load balancers and network load balancers, which are essential components used in managing and optimizing network traffic distribution. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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