North America Load Balancer Market Size & Outlook
North America load balancer market, 2018-2030 (US$M)
Related Markets
North America load balancer market highlights
- The North America load balancer market generated a revenue of USD 1,937.9 million in 2023.
- The market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,937.9 million |
| Market revenue in 2030 | USD 4,841.9 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | A10 Networks Inc, Amazon.com Inc, Array Networks, Cloudflare Inc, Cisco Systems Inc, Citrix, F5 Inc, Avi Networks, Alphabet Inc Class A, Hewlett Packard Enterprise Co, Progress Software Corp, International Business Machines Corp, Microsoft Corp, Palo Alto Networks Inc, Radware Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 32.7% of the global load balancer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,003.3 million by 2030.
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Load Balancer Market Scope
Load Balancer Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America load balancer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to load balancer market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 55.08% in 2023. Horizon Databook has segmented the North America load balancer market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America load balancer market , including forecasts for subscribers. This continent databook contains high-level insights into North America load balancer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America load balancer market size, by country, 2018-2030 (US$M)
North America Load Balancer Market Outlook Share, 2023 & 2030 (US$M)
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