Global Cloud Load Balancers Market: Introduction
Cloud load balancers help to split workloads and compute properties in a cloud computing environment. Within an enterprise, cloud load balancers manage workload demands or application demands by distributing resources among numerous computers, networks, or servers. Cloud load balancing is a fully distributed, software-defined managed service. Some of the major features of cloud load balancers include automatic intelligent auto scaling of backend, single IP address frontend.
Global Cloud Load Balancers Market – Dynamics
Rising Growth of Internet Traffic Driving Growth of the Cloud Load Balancers Market
The volume of data and traffic on the internet has increased exponentially over the last five years with the rising adoption of internet and internet connected devices such as smartphones, tablets, smartwatches, and personal computers. Internet traffic is estimated to grow 100% annually of the present traffic. With the rising internet traffic, the workload on servers is growing rapidly specifically on cloud as cloud-based adoption is growing rapidly. Demand for cloud load balancers is growing rapidly across the globe to manage and distribute the process.
Lack of Compatible Network Infrastructure Hampering Cloud-enabled Technologies
Cloud-enabling technologies depend considerably on the internet and communication services for their functionality. Consequently, they require a high speed internet connection such as LAN and WAN to manage the services. Several countries across the globe face network as well as internet connection issues due to improper communication infrastructure within their respective countries. Weak network & communication infrastructure, especially in developing regions such as Asia Pacific, is likely to hamper the market.
North America to Dominate the Global Cloud Load Balancers Market
In terms of region, the global cloud load balancers market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the cloud load balancer market during the forecast period due to strong adoption of advance technologies by small & medium enterprises in the region.
COVID-19 Impact on the Global Cloud Load Balancers Market
The COVID-19 pandemic is expected to moderately impact the global cloud load balancers market. Adoption of cloud enabled technology due to remote working, has helped the cloud load balancer market to sustain the economic crash during COVID-19. Although investment with regards to R&D and innovation has been impacted, it is estimated that by the second half of 2021 the cloud load balancer will show healthy growth.
Global Cloud Load Balancers Market – Competition Landscape
- In November 2020, Amazon Web Services announced the Gateway Load Balancer which will scale and manage third-party virtual appliances such as firewalls, intrusion detection, prevention systems, and deep packet inspection systems in the cloud. It works with the VPC Ingress Routing to the Elastic Network Interface of an EC2 instance.
Global Cloud Load Balancers Market: Segmentation
The global cloud load balancers market can be segmented based on:
- Enterprise Size
Global Cloud Load Balancers Market, by Component
Based on component, the global cloud load balancers market can be divided into:
Global Cloud Load Balancers Market, by Enterprise Size
In terms of enterprise size, the global cloud load balancers market can be segregated into:
- Small & Medium Enterprise
- Large Enterprise
Global Cloud Load Balancers Market, by Industry
In terms of application, the global cloud load balancers market can be segregated into:
- IT & Telecom
- Logistics & Transportation
Regional analysis of the global cloud load balancers market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Internet Traffic Management
- Software-based load balancers
- Cloud-based servers
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.