Load Balancer Market Is Expected To Reach $ 16.14 Billion By 2030
San Francisco, 7 Sep 2023: The Report Load Balancer Market Size, Share, & Trends Analysis Report By Component, By Service, By Type, By Deployment, By Enterprise size, By End-use, By Region, And Segment Forecasts, 2022 - 2030 The global load balancer market is expected to reach USD 16.14 billion by 2030 registering a CAGR of 14.8% during the forecast period, according to the recent report by Grand View Research, Inc., Increasing adoption of the data center traffic, cloud-based load balancing services, and server virtualization are the major factors that are likely to create opportunities for the load balancer market. Additionally, the load balancer market is driven by favorable government efforts and rising investments in digitization. For instance, due to the increased web traffic, the online ticketing system for the Indian Railway Catering and Tourism Corporation (IRCTC) has seen a notable increase in online transactions. Key players are making investments in network infrast