The global hardware load balancer market is expected to grow at a significant CAGR during the forecast period 2024-2031. The hardware load balancer is also known as a hardware load balancing device (HLD). The HLD is specialized in the operating system that enables distribution and manage web application traffic over a cluster of servers. The hardware load balancer is a more complex device that comprises wide-scale and enough capacity to meet the highest network traffic peek and result to offer relevant data among enterprises.
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The enhanced web performance, secure operation and 24/7 infrastructure accessibility are some important features attributed by the hardware load balancer and are anticipated to explore the global market growth of hardware load balancer. Additionally, the rising adoption of cloud-based services and growing data centres are expected to fuel the growth of the global hardware load balancer market during the forecast period.
Furthermore, the growing emergence of a digital economy that enables connection between public organizations and individuals through digital websites, apps and channels is expected to raise the demand for the hardware load balancer and is predicted to boost the market growth of the global hardware load balancer market. The increasing government investment for digital transformation and rising advancement in networking infrastructure are additional factors that contribute to a significant growth rate for the global hardware load balancer market. The demand for hardware load balancers is increased with the increasing network complexity and wide traffic coverage, thus it will positively impact the growth of hardware load balancers and exhibit leveraging growth opportunities for the global hardware load balancer market.
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Market Coverage
- Segment Covered-
o By Type
o By Enterprise Size
o By Industry Vertical
- Competitive Landscape- F5 Networks, Radware, HPE, A10 Networks, Citrix.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hardware Load Balancer Market by Segment
By Type
- Global Load Balancers
- Local Load Balancers
By Enterprise Size
- Large Enterprises
- Small & Medium Size Enterprises
By Industry Vertical
- IT & Telecommunication
- BFSI
- Government
- Retail
- Manufacturing
- Energy
- Media & Entertainment
- Healthcare
- Other
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