The Application Delivery Controller Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Application Delivery Controller Global Market Report 2024, The application delivery controller market size is expected to see rapid growth in the next few years. It will grow to $7.39 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to rapid pace of digital transformation, proliferation of cloud-native architectures, growing complexity of modern applications, increasing demand for load balancing, bolstering security measures. Major trends in the forecast period include technological innovation and advancement, rise of cloud-native architectures, adoption of hybrid cloud solutions, ai and machine learning integration, automation and orchestration.
The increasing number of cyberattacks is expected to propel the growth of the application delivery controller market going forward. A cyberattack is referred to as a malicious attempt to gain unauthorized access to a computer or computer network with the intent to cause damage. Application delivery controllers (ADCs) are used as a layer of defense against cyberattacks and are typically designed to optimize the performance, availability, and security of applications and to protect infrastructure and data from a wide range of threats. For instance, in 2023, according to Checkpoint Software, a US-based cybersecurity solutions company, globally cyberattacks increased by 38% in 2022 compared to the previous year and the frequency of attacks on cloud-based networks per organization increased by 48% in 2022 when compared to 2021. Furthermore, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, in 2022, around 76,000 cyber crime reports were received, up from 13% from the previous year. Therefore, the increasing number of cyberattacks is driving the growth of the application delivery controller market.
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The application delivery controller market covered in this report is segmented –
1) By Type: Hardware-Based Application Delivery Controller, Virtual Application Delivery Controller
2) By Component: Solution, Services
3) By Enterprise Size: Small & Medium Enterprises, Large Enterprise
4) By End Use: Information Technology & Telecom, Banking, Financial Services, And Insurance, Government, Healthcare, Retail, Other End User
Major companies operating in the application delivery controller market are focusing on the development of technological innovations, such as LoadMaster 360, a cloud-based application delivery platform, to meet the growing demand for application delivery controllers. A cloud-based application delivery platform is a solution that provides a single, integrated environment for deploying, operating, and managing applications across various cloud and on-premises infrastructures. For instance, in October 2023, Progress Software Corporation, a US-based software company, introduced LoadMaster 360, a powerful new platform for deploying, operating, and troubleshooting applications and delivery infrastructure. It is a cloud-based unified application delivery platform that addresses the challenge of data disparity in application delivery, offering a modern UI, incident management, and comprehensive analytics. It is designed to help organizations improve the application delivery performance, reliability, and security, ultimately bringing more value to the business. Additionally, this platform is hosted in the cloud, providing organizations with a single-pane-of-glass experience to manage various aspects of the application delivery ecosystem.
The application delivery controller market report table of contents includes:
1. Executive Summary
2.Application Delivery Controller Market Characteristics
3.Application Delivery Controller Market Trends And Strategies
4.Application Delivery Controller market analysis
5.Application Delivery Controller Market Size And Growth
6.Application Delivery Controller Segmentation
7.Application Delivery Controller Regional And Country Analysis
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27.Application Delivery Controller Competitive Landscape And Company Profiles
28.Application Delivery Controller Key Mergers And Acquisitions
29.Application Delivery Controller Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cardinal Health Inc.
- Abbott Laboratories
- Medtronic Plc
- Becton
- Dickinson and Company
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