Application Delivery Controller Market Worth $3.9 Billion by 2024 - Exclusive Report by MarketsandMarkets™
CHICAGO, June 26, 2019 /PRNewswire/ -- According to a new market research report "Application Delivery Controller Market by Type (Hardware-based, Virtual), Service (Integration and Implementation, Training, Support, and Maintenance), Organization Size (SME, Large Enterprise), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Application Delivery Controller Market size is expected to grow from USD 2.4 billion in 2019 to USD 3.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.
Application delivery controllers are purpose-built networking appliances whose function is to improve the performance, security, and resiliency of applications delivered over the web. These are the next generation of load balancers and are typically located between the firewall/router and the web server. An application delivery controller is a network device that helps sites direct user traffic to remove the excess load from 2 or more servers. They tend to offer more advanced features such as content redirection as well as server health monitoring.
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128 – Pages
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The virtual application delivery controller segment to grow at a higher CAGR during the forecast period
The market of virtual application delivery controller is growing, thereby driving the growth of cloud-based application delivery controllers. Application delivery controller services are crucial for an organization. Wide expertise and deep knowledge of the service providers cater to specific challenges of the end users and help in reducing risk and complexity. SDN and virtualization are driving a shift from hardware-based application delivery controllers toward a micro-services model that enables more flexible application delivery controller licensing options. The application delivery controller services are useful for SMEs and large enterprises as well, owing to their ability to provide a one-stop solution for all needs. They eliminate deployment-related challenges that cause disruptions in business operations by providing hassle-free one-stop service and solution.
The hardware-based application delivery controller segment to hold a larger market size during the forecast period
The market may have peaked, but hardware-based application delivery controllers still hold a larger market share. For high-performance and demanding workloads, nothing performs better than a dedicated hardware-based application delivery controller. This approach combines vendor-agnostic hardware with software-driven intelligence. Owing to the hardware agnostic nature of application delivery controller architecture, the controller can be implemented even on basic hardware configurations. Application delivery controller can be deployed by using multiple hardware approaches such as integrating application delivery controller with traditional hardware, converged infrastructure, hyper-converged infrastructure, and composable infrastructure.
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North America to dominate the Application Delivery Controller Market during the forecast period
The global Application Delivery Controller Market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to hold the largest market size in 2018, owing to the presence of several vendors and huge investments in adopting application delivery controller solutions in the region. The Application Delivery Controller Market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid developments of the required infrastructure and the increasing need to adopt innovative technologies.
The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the market. Major vendors in the Application Delivery Controller Market include F5 Networks (US), Citrix Systems (US), A10 Networks (US), Fortinet (US), Radware (Israel), Barracuda Networks (US), Total Uptime (US), Array Networks(US), Kemp Technologies (US), Cloudflare (US), Brocade Communication (US), Riverbed (Germany), Evanssion (UAE), NFWare (US), and Snapt (US).
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