The global application delivery controller as a service (ADCaaS) market is subject to witness a substantial growth due to the rapid globalization and growing demand for distributed enterprise architecture that need networks capable of delivering business-critical applications.
Application delivery controller as a service (ADCaaS) offer faster operational speed for business-critical applications, thus ensuring enhanced security. Globally, the market is predicted to grow at higher CAGR of 43.70% in the forecast period, providing numerous opportunities for market players to invest for research and development in the application delivery controller as a service (ADCaaS).
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Additionally, significant growth in the data center traffic and increasing popularity an application delivery controller (ADC), majorly for the consolidated data center sector, are anticipated to stimulate industry growth over the next seven years. Increasing demand for legacy load balancing appliances in order to enhance overall performance and ability to manage complex requirements of the application delivery system are expected to fuel the growth of market. An application delivery controller (ADC) is commonly known as tailor-made networking appliances, which is capable of enhancing overall security, resiliency, and performance of apps delivered over the web.
The growing adoption of policies by enterprises such as bring your own devices (BYOD) are driving the growth of market over the forecast period. Increasing demand for various end-user businesses is anticipated to boost industry growth over the upcoming years.
The market is broadly categorized into five major segments based on the application type such as IT & telecommunication sector, BFSI sector, government sector, healthcare sector and retail sector. The IT & telecommunication sector is considered as one of the fastest growing segment in the application delivery controller as a service (ADCaaS) market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in IT sector, increase in the number of research & development activities in the region and existence of well-established infrastructure.
Asia-Pacific region is predicted to hold major market share in the ADCaaS market with massive growth in forecast period. Countries such as India, China, Japan, South Korea and Singapore are leading the Asia-Pacific market with favorable governmental policies and reforms, substantial IT infrastructural development in the region, and significant investment by leading industry players considering potential growth opportunities.
The key players in the application delivery controller as a service (ADCaaS) market are F5 Networks, Inc., A10 Networks, Inc., Array Networks, Inc., Citrix Systems Co., Brocade Communications Systems, Inc., Dell Inc., Fortinet Inc., Barracuda Networks Inc., and KEMP Technologies Inc.
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The market is divided into the following segments based on geography:
Global Application Delivery Controller as a Service (ADCaaS) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• A10 Networks
• Citrix Systems
• F5 Networks
• KEMP Technologies
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