In a recent published report, Kenneth Research has updated the market report for application Delivery Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Application Delivery Network Market products.
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The Application Delivery Network Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
Market Synopsis:
The combination of wide area network optimization and application delivery control is termed as application delivery network. The application delivery network is an integral part of data center networking, where it is used to manage and monitor the network performance and traffic. In recent times, the pattern regarding the network traffic accumulation has changed by a huge margin. This change is majorly due to higher usage of internet-based applications and transmission of media content over the network, like videos, and audios. A large proportion of network traffic is due to the growing consumer demands for high-quality videos, by either the mobile internet or broadband connection.
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Application delivery network is often associated with traffic management, which sometimes also known as web switch or content switch. These applications are designed to shred off the load from a single server by distributing the traffic over different servers, at different locations. This feature of application delivery network is largely adopted in cloud computing, data analytics, and secured enterprise networks. As the size of enterprises increase, with additional technological benefits, companies are facing a challenge to increase the efficiency and productivity, without compromising on the operating location.
More and more investments are being done to ensure a fast and safe response towards the changing business needs of the enterprises. This lets the enterprises to optimize and managing the network data flow. In addition to security and optimality, application delivery network also helps in greater mobility and security for large enterprises having distributed work locations.
Segmentation:
On the basis of product, the market is segmented into controllers, application safety equipment, and application gateways.On the basis of organization size, the market is segmented into small and medium enterprises, and large enterprises.On the basis of Industry vertical, the market is segmented into media and entertainment, education, banking and financial services, government, retail and others.On the basis of region, the market is segmented into North America, Europe, Asia Pacific and the rest of the world.
Regional analysis:
North America is held the largest market share in 2016 and is expected to dominate the market during the forecast period. A major factor defining the growth of North America region is faster and quicker adoption of growing networking technologies. Additionally, there is a huge concentration of enterprises located in the U.S. which is further fueling the growth of network deployments in application delivery network market. In addition to this, various small and medium enterprises are trying to adopt similar technologies as that of large enterprises in order to reinforce their global presence. Europe is likely to grow at a steady pace as the market comprises matured economies like the U.K and Germany.
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Asia Pacific does not hold much of the market share, but this region is expected to grow at a fast rate due to presence of emerging countries like Japan, India, China, and Australia which are adopting the networking applications.
Key players
Some of the key players in the Application Delivery Network market comprise of Array Networks (U.S.), Silver Peak Systems (U.S.), Riverbed Technology, Inc (U.S.), A10 Networks, Inc. (U.S.), Akamai Technologies, Inc (U.S.), Alcatel-Lucent S.A. (France), Barracuda Networks, Inc. (U.S.), Blue Coat Systems Inc. (U.S.), Brocade Communications Systems, Inc (U.S.), Citrix Systems, Inc. (U.S.), Cisco Systems, Inc. (U.S.), F5 Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), Internap Corporation (U.S.), Juniper Networks, Inc. (U.S.), Limelight Networks (U.S.), Nortel Networks Corporation (Canada), Radware (Israel), Sun Microsystems (U.S.)
The prominent players constantly keep innovating and investing in research and development in order to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to customers.
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Intended Audience
Application Delivery Network services providers
IT providers
Software vendors
Retail vendors
Cloud service providers
Local/Government Agencies
Cloud Infrastructure Agencies
Value-added Resellers
Research Firms
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