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Application Delivery Controllers Market 2022: Business Opportunities, Current Trends, Market Forecast & Global Industry Analysis by 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Application Delivery Controllers Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Application Delivery Controllers Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

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 Controllers Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Product Overview

Application delivery controllers are installed between the firewall and application servers in a data center. These devices are used to combine several data functions into one device which includes server health monitoring and application layers security. Application delivery controllers manage the flow of the data between the web and an enterprise. It reduce the work load in order to facilitate the proper exchange of the data between the server and the applications. The increasing technological advancement and virtualization has increased the demand for the application delivery controllers in both cloud computing network based application and data centers.

Market Size and Forecast

The global application delivery controllers market is anticipated to expand at a CAGR around 5.5% during 2020-2027. It is projected to reach around USD 0.36 billion market size by 2027. The increasing need for the maintenance of proper business channels coupled with the increased internet traffic is anticipated to be the primary reason for the growth of the global application delivery controllers market during the forecast period.

The global application delivery controllers market can be segmented on the basis of deployment, enterprises, end-users and region. On the basis of deployment, it is sub-segmented into virtual/software and hardware. Virtual/software sub-segment is anticipated to register highest CAGR during the forecast period. The increasing application of the technologies such as software-defined networking and software-defined storage is anticipated to be the key factor for the sub-segment to register highest CAGR during the forecast period.

On the basis of enterprises, it is sub-segmented into small enterprises, medium enterprises and large enterprises. The small enterprises are shifting towards the use of the cloud based platform for the data management on the account of increasing digitalization of the data and documents. On the basis of end-users, it is sub-segmented into banking, financial services and insurance (BFSI), telecom, IT, retail and others. The banking, financial services and insurance (BFSI) sub-segment is anticipated to be the largest sub-segment during the forecast period. The increasing security concern which includes cyber-attacks and financial data thefts is anticipated to be the primary reason for the sub-segment to be the leading during the forecast period.

However, IT sub-segment is anticipated to register highest CAGR during the forecast period. These solutions enhance the business operations and provide the greater control of the infrastructure.

By region, global application delivery controllers market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global application delivery controllers market during the forecast period. This is attributed to the presence of well establishes IT and telecom infrastructure in the region.

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Additionally, the high adoption of the technologies such as cloud computing, SDN devices and network security is also a reason for the region to lead the global application delivery controllers market. Asia-Pacific region is anticipated to be the fastest developing region for the global application delivery controllers market. The increasing penetration of internet in the region coupled with the expansion of the small and medium enterprises is estimated to propel the market growth in the region.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Key Players

Market Segmentation

Our in-depth analysis segmented the global application delivery controllers market in the following segments:

By Deployment:

Virtual/Software
Hardware
By Enterprises:

Small Enterprises
Medium Enterprises
Large Enterprises
By End-Users:

Banking, Financial Services And Insurance (BFSI)
Telecom
IT
Retail
Others
By Region

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Business Questions answer by the report

  • How will the market drivers, restraints and opportunities affect the market dynamics?
  • What will be the market size in terms of value and volume and market statistics with detailed classification?
  • Which segment dominates the market or region and one will be the fastest growing and why?
  • A comprehensive survey of the competitive landscape and the market participant players
  • Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

  • Additional company detail analysis.
  • Additional country analysis.
  • Detailed segment analysis.

Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10075877

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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