Application Delivery Controller Market Worth $3.9 Billion by 2024 - Exclusive Report by MarketsandMarkets
CHICAGO, June 26, 2019 /PRNewswire/ -- According to a new market research report "Application Delivery Controller Market by Type (Hardware-based, Virtual), Service (Integration and Implementation, Training, Support, and Maintenance), Organization Size (SME, Large Enterprise), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global Application Delivery Controller Market size is expected to grow from USD 2.4 billion in 2019 to USD 3.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.
Application delivery controllers are purpose-built networking appliances whose function is to improve the performance, security, and resiliency of applications delivered over the web. These are the next generation of load balancers and are typically located between the firewall/router and the web server. An application delivery controller is a network device that helps sites direct user traffic to remove the excess load from 2 or more servers. They tend to offer more advanced features such as content redirection as well as server health monitoring.
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The virtual application delivery controller segment to grow at a higher CAGR during the forecast period
The market of virtual application delivery controller is growing, thereby driving the growth of cloud-based application delivery controllers. Application delivery controller services are crucial for an organization. Wide expertise and deep knowledge of the service providers cater to specific challenges of the end users and help in reducing risk and complexity. SDN and virtualization are driving a shift from hardware-based application delivery controllers toward a micro-services model that enables more flexible application delivery controller licensing options. The application delivery controller services are useful for SMEs and large enterprises as well, owing to their ability to provide a one-stop solution for all needs. They eliminate deployment-related challenges that cause disruptions in business operations by providing hassle-free one-stop service and solution.