According to the latest research report titled ‘Global Load Balancer Market Size study, by Component (Hardware, Software and Services), by Services (Training and Consulting, Integration and Deployment and Support and Maintenance), by Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), by Balancer Type (Global Load Balancer and Local Load Balancer), by Vertical (BFSI, IT and Telecom, Government and Public Sector, Healthcare and Lifesciences, Manufacturing, Retail, Energy, Media and Entertainment and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global load balancer market was assessed at USD 3 billion in 2019 and is speculated to reach USD 8.3 billion by the year 2027, growing at a yearly rate of 13.7 % throughout.
 

Developments in networking infrastructure, varied data traffic pattern, and growing network complexity are key factors boosting the growth of global load balancer market. Additionally, virtualization of server, surging data center traffic, and growing usage of cloud load balancing services will facilitate industry expansion.
 

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For the unversed, a load balancer is utilized to disperse application or network traffic among various servers. It reduces the load on servers by managing network and application sessions and functioning as a reverse proxy. Furthermore, it can use software and hardware like physical switches, routers and servers to complete application-specific tasks.
 

Moves like strategic alliances and launch of new products & services by leading companies also lead to global load balancer market proliferation. Citing an instance, IBM Corporation launched IBM Cloud VPC Gen 2 in August 2020, a network load balancer which disperses network traffic into Kubernetes Clusters or Virtual server instances.
 

Meanwhile, dearth of high-speed internet access, and limited bandwidth providers is expected to hinder global load balancer market expansion over the analysis timeline.
 

From the regional frame of reference, North America has captured majority of worldwide load balancer market share recently, due to rising adoption of modern technologies. Meanwhile, Asia Pacific market is speculated to record the highest annual growth rate through 2027.
 

Key players influencing global load balancer market trends are Microsoft Corporation, Google LLC, Radware Ltd., Amazon Web Services, Imperva, Fortinet, Citrix Systems Inc., F5 Inc., and International Business Machines Corporation (IBM).