The Application Delivery Network 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 Network Global Market Report 2024, The application delivery network market size has grown rapidly in recent years. It will grow from $7.55 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to rise in internet usage, surge in mobile device usage, e-commerce expansion, demand for high-quality user experience, cybersecurity concerns, globalization of businesses.
The application delivery network market size is expected to see rapid growth in the next few years. It will grow to $13.51 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to enhanced user analytics, continuous rise in remote work, industry-specific requirements, containerization and microservices support, emphasis on security features. Major trends in the forecast period include edge computing integration, cloud-native solutions, performance monitoring (apm) integration, multi-cloud deployment strategies, software-defined networking (sdn) influence, ipv6 adoption.
Growth in the number of applications hosted in the cloud is expected to drive the growth of the application delivery network market. A cloud application basically combines local and cloud-based components. A cloud application delivery network is a solution for delivering cutting-edge programs with unmatched performance and worldwide reach via the cloud. For instance, in December 2021, according to The Cloud in 2021, a survey report conducted among 2,834 respondents from globe conducted by O’Reilly Media Inc., a US-based learning company, 90% of the respondents in the survey report indicated that their organizations are using cloud-based applications. Additionally, nearly half (48%) of survey participants reported they anticipate moving 50% or more of their apps to the cloud in the upcoming year, while 20% of companies were expected to move to the cloud entirely. Therefore, growth in the number of applications hosted in the cloud is driving the growth of the application delivery network market.
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The application delivery network market covered in this report is segmented –
1) By Product: Application Delivery Controllers, WAN Optimization Controllers, Application Security Equipment, Application Gateways
2) By Deployment Type: On-Premise, Cloud
3) By Industry: Banking, Financial Services And Insurance (BFSI), Healthcare, Education, Retail, Government, Media And Entertainment, Other Industries
Technological advancement is the key trend that is gaining popularity in the application delivery network market. Major companies operating in the market are focused on development technologically advanced product to strengthen their position in the market. For instance, in February 2023, Microsoft Corporation, a US-based multinational technology company that develops and supports software, services, and devices, introduced a revamped Azure Front Door to transition enterprise applications to become more reliable, tailored modern applications. It offers a safe and dependable way to send content globally. It speeds up online applications and makes it possible for them to grow to accommodate user demand. Additionally, Front Door offers security measures including TLS/SSL encryption and DDoS defense.
The application delivery network market report table of contents includes:
1. Executive Summary
2. Application Delivery Network Market Characteristics
3. Application Delivery Network Market Trends And Strategies
4. Application Delivery Network Market – Macro Economic Scenario
…
31. Global Application Delivery Network Market Competitive Benchmarking
32. Global Application Delivery Network Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Application Delivery Network Market
34. Application Delivery Network Market Future Outlook and Potential Analysis
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