What is Load Balancing Software Market?
Load balancing software is software that ensures maximum service availability by offering network traffic distribution services. It offers numerous benefits such as prevent denial-of-service attacks, allow legitime users uninterrupted access to services, protect against single-point of failure outages and prevent traffic bottlenecks to systems. It works the same way as hardware load balancing by distributing traffic among a pool of servers according to the chosen algorithm.
The market study is being classified by Type (Software and Service) and major geographies with country level break-up.
Hewlett Packard Enterprise (United States), IBM Corporation (United States), Microsoft Corporation (United States), Google LLC (United States), Cisco Systems Inc (United States), Jetnexus Solutions Limited (United Kingdom), KEMP Technologies, Inc (United States), NGINX Inc (United States) and Inlab Networks GmbH (Germany) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Load Balancing Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Load Balancing Software market by Type, Application and Region.
On the basis of geography, the market of Load Balancing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Ease of Deployment and Decreased Operational Cost
- Growing Internet Penetration and Digitization across the World
- Increased Deployment of Load Balancing Software
Market Trend
- Technological Upgradation in Load Balancing Software
- Increased Adoption of Cloud-Based Solutions
Restraints
- High Cost of the Load Balancing Software
Opportunities
- Growing Demand from the End-users
- Increased Applications of Load Balancing Software
Challenges
- Technological Complexities Associated with Load Balancing Software
Market Leaders and some development strategies
Recently, Micro Focus has announced the completion of its merger with Hewlett Packard Enterprise’s (HPE) software business. The aim of the merger is to form a new, combined company that is uniquely positioned to help customers maximize existing software investments and embrace innovation in a world of Hybrid IT.
Key Target Audience
Load Balancing Software Developers, Emerging Companies, Research Professionals and End-users