Application Delivery Controllers (ADC) Market Overview:
An application delivery controller (ADC) is a computer networking device. It is used as a part of an application delivery network (ADN) in a datacenter. The emerging need to maintain uninterrupted communication channels among diversified business operations and increase in complications of the companies to communicate and coordinate with business units supported by increased internet traffics and rise in the number of applications drives the implementation of ADCs. Hence, it optimizes traffic among the networks. The global application delivery controllers market was valued at $2,941 million in 2016 and is expected to reach $4,191 million by 2023, growing at a CAGR of 5.3% during the forecast period.
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The demand for application delivery controllers is on an increase due to various development and reforms such as online banking in financial sector. The demand in the banking sector is high as it is prone to anonymous security threat and cyberattacks. In addition, deployment of ADCs is expected to increase due to rise in the service executions enabled through the cloud. Other significant factor anticipated to drive the demand of global ADC includes rapid growth of mobile service in densely populated countries, such as India & China. Increase in wireless communication is anticipated to increase the risk of various network errors. Therefore, it is anticipated that application delivery controllers also gain high demand among the telecom operators to provide good service to their clients. Thus, increase in demand from various end user sectors drive the growth and develop the ADCs market in terms of systems, hardware, and applications.
Key players operating in the global application delivery controller industry include A10 Networks Inc., Citrix Systems Inc., F5 Networks Inc., Array Networks, Inc., Brocade Communications Systems, Inc., Dell Inc., Barracuda Networks Inc., Fortinet Inc., Cisco Systems Inc., and KEMP Technologies Inc.
The application delivery controllers market is segmented based on deployment type, enterprise size, end users, and geography. Based on deployment type, the market is divided into software/virtual and hardware. Hardware segment accounted for maximum share in 2016 and is expected to maintain its dominance throughout the forecast period, however, software segment is expected to grow at a highest CAGR. Based on enterprise size, it is classified into SMEs and large enterprises. Based on end users, the market is categorized into retail, IT & telecom, BFSI, healthcare, government, and others. By geography, the global application delivery controller market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant region in global application delivery controllers industry.
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North America is expected to dominate the ADCs market due to the well-established presence of various end user sectors, such as IT, telecom, and banking. After North America, other regions such as Europe and Asia-Pacific are also expected to follow the trend. Asia-Pacific is anticipated to drive the growth in demand of application delivery controllers market, due to the presence of highly dense populated countries such as China and India, where increase in internet penetration majorly drives the market. Moreover, Government initiative in IT from China & India, such as Digital India program are expected to boost the demand for ADCs.
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Top Impacting Factors
Rapid growth of the Data Center Traffic
Growth in demand for big data, and virtualization result into increase in need for efficient and reliable webbing solutions. In addition, technological advancement, such as software-defined storage and software-defined networking are expected to propel market demand for ADCs during the forecast period.
Growth of Small & Medium Enterprise (SME)
Owing to the easy market entry and requirement of small market investment has increased the penetration rate of new entrants in the IT sector. Small and medium-sized businesses (SMBs) are intensively relying on web-enabled services and web-based apps as a tool to run their business. ADCs help control IT security and facilitates with data security and privacy.
Rapid Population Growth & Urbanization
The population growth is attributed to increase in urbanization, acceleration in migration, and change in fertility rates. Thus, increase in urbanization & e-literacy results into rise in adaptation of mobiles, computers, and other networking devices.
Increase in complications in the IT & telecom sector
Application delivery controllers provides greater control over the IT & communication infrastructure. This enables them to leverage their existing data center to meet their dynamic business and operation requirements. Installation of ADCs aids in gaining control over the IT infrastructure, and facilitates in easy elimination of various networking issues before the occurrence. Thus, there is increase in productivity and decrease in stress. This also helps save time and money.
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Growth in Demand of Cloud Applications
In the current trend of the IT industry, inclination toward cloud is expected to increase over the upcoming years. Increase in the usage rate of Cloud give rise to several network errors. Implementation of application delivery controller in cloud networking help control such errors. Thus, increase in complications due to rapid adaptation rate of cloud network is expected to fuel the demand for Application Delivery Controllers market.
Key Benefits :
- The study provides an in-depth analysis of the global application delivery controller market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities is provided.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
- In enterprise segment, large enterprises accounted for more than 50% share in the year 2016.
- Government sector is expected to grow at a highest CAGR of 6.9% during the forecast period.
- The quantitative analysis of the global application delivery controller market from 2017 to 2023 is provided to determine the market potential…
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