Global Application Delivery Controllers (ADC) Market - Segmented by Type of Deployment (On Cloud, On Premise), Enterprise Size (SMEs, Large), End User Vertical (BFSI, Retail, Healthcare, IT and Telecom), and Region - Growth, Trends and Forecast (2018 - 2023)
The application delivery controllers market is forecast to grow at a CAGR of over 6% during forecast period (2018 - 2023). The scope of the report covers the solutions offered on cloud and on premise. The regions considered in the scope of the report include North America, Europe, Asia Pacific and Rest of the World.
Application Delivery Controllers (ADCs) have gained traction over the past decade largely due to the growing need for legacy load balancing appliances to improve performance as well as to handle more advanced requirements associated with application delivery. Increasing data traffic with rapid rise in cloud applications has also urged the need for adequate content and application delivery systems aiding the growth of application delivery controllers.
With the explosion in Internet traffic, business applications, and the number of Internet-enabled devices, application delivery controllers provide the front-end intelligence that complements and enhances business application flows.
BFSI Sector to witness Significant Adoption of Application Delivery Controllers (ADC) Market
The demand for application delivery controllers in banking is on rise due to various development and reforms such as online banking in financial sector. Online banking penetration is increasing worldwide. For instance, in UK, online banking penetration rose from 30% in 2007 to 63% in 2017, according to the Office for National Statistics (UK). With this rise in internet and mobile banking globally, banks and financial organizations need to provide high-speed connectivity to keep the customers satisfied. This rise in the banking sector also makes it prone to anonymous security threat and cyber-attacks. Thus, to avoid these cyber-attacks, application delivery network demands efficient management spurring the demand for ADCs.
United States to dominate the North American Market
The United States was an early adopter of cloud technology, big data and all other technologies contributing to the increasing data traffic in the country. With the rising data traffic, there is an increasing need to manage the performance of applications which creates need to use ADCs. Moreover, with the increasing cyber-attacks faced by the companies and industries such as manufacturing, education, healthcare, retail, financial organizations in the US, they are increasingly deploying application security solutions driving the use of application delivery controllers as they help control IT security and facilitates with data security and privacy. Furthermore, presence of prominent players such as KEMP Technologies, Fortinet, Juniper Networks in the country also contributes to its share.
Key Developments in Application Delivery Controllers (ADC) Market
April 2018 - F5 Networks Inc. announced its Advanced Web Application Firewall platform for application protection. This new platform enhances the company's self-service WAF Express and managed Silverline WAF offerings. F5's Advanced WAF supports a variety of consumption and licensing models, including a per-app basis, as well as perpetual, subscription, and utility billing options for ultimate flexibility in the cloud and the data center.
Major Players: KEMP TECHNOLOGIES, FORTINET, F5 NETWORK INC., JUNIPER NETWORKS, A10 NETWORKS INC., ARRAY NETWORKS INC., CITRIX SYSTEMS INC., RADWARE CORPORATION, AKAMAI TECHNOLOGIES INC., and BARRACUDA NETWORKS INC., amongst others.
Reasons to Purchase Application Delivery Controllers (ADC) Market Report
Latest trends coupled with the latest innovations in the industry.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
Regional analysis of the market.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.