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Application Delivery Controller (ADC) Market 2020: Prominent Factors that are Leading the Global Market

02-04-2020 11:59 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Application Delivery Controller (ADC) Market 2020: Prominent

The global application delivery controllers market size was valued at $2,941 million in 2016 and is projected to reach $4,191 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023. The North America region accounted for the maximum share in 2016 and is expected to remain dominant during the forecast period.Emergence and development of internet application in various end-user sectors are the critical factors to drive the application delivery controllers market. In addition, increase in penetration of various networking devices at individual level of the population fuels the market growth.

Access full Summary: https://www.alliedmarketresearch.com/application-delivery-controllers-ADC-market

The demand for application delivery controllers is largely driven by the emerging need for uninterrupted online communication system among the diversified business operations and increase in cyber threats in business units, which lead to increase in internet traffic. The other key factors driving the ADCs market include increase in adaptation of mobiles and other networking devices at individual level. ADCs play a vital role in optimization of web applications throughout the networking system.

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The end user industries are increasingly shifting towards cloud networking. The IT & Telecom sector is expected to grow at a notable rate during the forecast period. Majority of this demand is expected from the emerging countries due to high internet penetration in the highly dense populated countries. This in turn offers lucrative market opportunities for the ADC market. The fastest growing end-user industry for the ADC market is the government segment, which is expected to grow at a CAGR of 6.9% and is forecast to reach $569 million by 2023.

North America accounted for the highest share in the application delivery controller industry in 2016, and is expected to maintain its dominance throughout the forecast period, owing to existence of well-developed IT and various end-user industries in the region. The market accounted for more than 50% share in 2016.

This report provides a comprehensive analysis of

o Top impacting Growth Factors

o Competitive Analysis of Leading Market Players

o Current and Future Market Trends

o Market Segmentation

o Revenue Estimation by 2023

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4078

Key questions answered in Application Delivery Controller Market research study:

o What is the market growth rate of Application Delivery Controller Market from 2019-2026?

o What will be the global market size of the market from 2019 to 2026?

o Who are the leading global manufacturing companies in the Application Delivery Controller Market?

o What are the major current trends and predicted trends?

o What are the challenges faced in the Application Delivery Controller Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own Application Delivery Controller economy altogether and also for every segment inside?

o Which will be the Application Delivery Controller application and types and forecast accompanied closely by producers?

o What are the conclusions of the Application Delivery Controller Market report?

These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.

o A10 Networks Inc.

o Citrix Systems Inc.

o F5 Networks Inc.

o Radware Ltd.

o Array Networks Inc.

o Barracuda Networks Inc.

o Pulse Secure LLC.

o Cisco Systems Inc.

o Juniper Networks Inc.

o HP Inc.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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