As per the study by PMR, the application delivery controller market is projected to reach US$ 7.4 Bn by 2032 from US$ 3.2 Bn in 2022. The market is likely to grow at a high CAGR of 8.7%. The increased need for organizations to improve efficiency and lower operational costs is projected to drive demand for application delivery controllers in a variety of industries. ADC is used to decrypt traffic before it reaches the server in order to be able to handle both encrypted traffic as well as decrypted traffic.
In response to the growing need for cloud-based applications and the use of new technologies and data centers, demand to maintain and optimize, the application delivery controller market is expected to grow during the forecast period. In order to protect sensitive financial data from breaches with minimum risk and maximum return, cyber-attacks and the dynamic nature of the security industry have increased. Banking institutions are moving, at an accelerated rate, toward the cloud, which shows that they are capable of deploying these delivery controllers in the ADC market.
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The future growth of IT & Telecom is anticipated to be positively impacted over the next few years by such developments as Bring Your Own Device and Choose Your Own Device that is anticipated to emerge in the coming years. New businesses are anticipated to be established in emerging economies, which is expected to further propel the demand for cloud-based solutions.
Key Takeaways
- The application delivery controller market is expected to reach a valuation of US$ 7.4 Bn by 2032.
- North America is likely to have the largest share of the market for application delivery controllers.
- COVID-19 is predicted to have a positive impact on the growth of the ADC industry due to the increasing acceptance of work-from-home culture by various firms.
- The US market size is projected to reach US$ 2.6 Bn by 2032, at a growth rate of 8.5% over the forecast period.
- According to the forecast, the vertical application delivery controller market is expected to grow at a CAGR of 8.3%.
Competitive Landscape
As per the global application delivery controller market study, with significant suppliers such as F5 Networks, Citrix Systems, A10 Networks, Fortinet, Radware, Webscale, Barracuda Networks, Total Uptime Technologies, Array Networks, and Cloudflare the application delivery controller industry is moderately fragmented. In order to gain a competitive advantage, the companies rely on strategic collaboration activities and acquisitions to broaden their client base and gain market share.
- To simplify the introduction of a zero-trust model to secure published workloads and services, Kemp announced the launch of the Zero Trust Access Gateway architecture in May 2021. Using the ZTAG solution, customers will be able to apply zero trust logic to load-balanced web-based applications using proxy, authentication, access logic, and automation.
- In June 2021, Radware and Fujitsu teamed up with healthcare organizations across Spain to alleviate challenges posed by Covid-19. To balance network load for web, mobile, and cloud-based applications, Fujitsu implemented Radware Application Delivery Controller Alteon across healthcare organizations.
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Key Players :
- F5 Network
- Citrix Systems
- A10 Networks,
- Radware
- Fortinet
- Webscale
- Barracuda Networks
- Total Uptime Technologies
- Array Networks
- Cloudflare
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