Application Delivery Controller Market Is Expecting Revolutionary Growth In Coming Years!!


Posted June 28, 2019 by RubyD984

Report provide detailed information about the key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market.
 
The global Application Delivery Controller Market size is expected to grow from USD 2.4 billion in 2019 to USD 3.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Application delivery controller services offer increased automation and agility and increased cost-savings and return on investment. Moreover, an application delivery controller allows enterprises to practice cloud benefits, which reduce additional dependency on the hardware component .

The market of virtual application delivery controller solutions is growing, thereby driving the growth. The training of the virtual application delivery controller segment is expected to grow at a higher CAGR during the forecast period. SDN and virtualization are driving a shift from hardware-based application delivery controllers toward a microservices model that enables more flexible application delivery controller licensing option.
The training, support, and maintenance segment is expected to grow at a higher CAGR during the forecast period. Maintenance services facilitate upgrades to the existing systems and aid in solving product issues. Support services empower organizations to efficiently tackle service requests, such as end-user issues, technical issues, and security issues. Support and maintenance services form an integral part of implementing an application delivery controller. These services ensure an uninterrupted operation of the application delivery controller solutions deployed in organizations.

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Retail is one of the fastest-growing verticals, owing to the rising number of eCommerce enterprises across the globe. Online retailing and cloud technologies have significantly disrupted the retail vertical leading to the adoption of application delivery controller mainly for storage, backup, and security services. Application delivery controller solution helps in renovating a business approach to use data center resources. Retailers are benefitted with costs savings by implementing software-defined systems instead of investing in physical hardware solution and approach. This sector experiences various risks, which includes information breaches of high profile data, where security is a vital aspect for the firms. Application delivery controller also overcomes these security problems by allowing security policies to the applications that travel dynamically around Virtual Machines (VMs). It also simplifies the deployment of networking and various services, which provides a cost-effective solution to the enterprises. As a result, application delivery controller provides cost effectiveness, enhance productivity, and gives a competitive advantage to various retailers prevailing in this market.

Asia Pacific (APAC) is expected to grow at the highest CAGR in the global application delivery controller market during the forecast period. The region accounts for nearly 18% share of the global application delivery controller market in 2019. China, Japan, Australia, India, and Singapore are expected to contribute a significant market share for the application delivery controller market in APAC. With the rise in Internet traffic, business applications, and the number of Internet-enabled devices, application delivery controllers provide the front-end intelligence that supplements and enhances business application flows. In addition to traditional load balancing, application delivery controllers provide a host of features that maintain the availability, speed, and security of Internet-based applications. China, Japan, and India have significant potential for the global application delivery controller vendors because of the availability of significant proportion of end user verticals, favorable economic conditions by extending services to these regions, multifold increase in the adoption rate of virtualization environment-based applications, and absence of intense competition for market entrants.

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The application delivery controller market includes major vendors, such as F5 Networks (US), Citrix Systems (US), A10 Networks (US), Fortinet (US), Radware (Israel), Barracuda Networks (US), Total Uptime (US), Array Networks(US), Kemp Technologies (US), Cloudflare (US), Brocade Communication (US), Riverbed (Germany), Evanssion (UAE), NFWare (US), and Snapt (US).

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as F5 Networks, Citrix Systems, and A10 Networks have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the application delivery controller market.
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Last Updated June 28, 2019