Global Load Balancers Market to Reach $14.7 Billion by 2030
The global market for Load Balancers estimated at US$6.2 Billion in the year 2023, is expected to reach US$14.7 Billion by 2030, growing at a CAGR of 13.1% over the analysis period 2023-2030. Load Balancers Hardware, one of the segments analyzed in the report, is expected to record a 12% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Load Balancers Software segment is estimated at 12.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 16.9% CAGR
The Load Balancers market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 16.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 11% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook