Application Delivery Controllers (ADC) Market: Growth to Reach $12.8 Billion by 2030

According to a new report published by Allied Market Research, titled, "Application Delivery Controllers (ADC) Market," The application delivery controllers (adc) market was valued at $2.3 billion in 2020, and is estimated to reach $12.8 billion by 2030, growing at a CAGR of 19.1% from 2021 to 2030.

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The demand for ADCs is driven by the emerging need for uninterrupted online communication system among the diversified business operations and increase in cyber-threats in business units, which leads to increase in internet traffic. The other key factors that drive the growth of ADC 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.

ADC is used in enhancing performance of web application, increase the response rate of applications, decrease bandwidth requirement, and secure & improve resource efficiency. A10 Networks Inc., Citrix Systems Inc., F5 Networks Inc., and Radware Ltd. are the major product & service providers to various end-user industries across the globe. In addition, government initiatives toward digitization is expected to boost the market growth.

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The end-user industries shift toward cloud networking. The IT & telecom sector segment is expected to grow at a notable rate during the application delivery controllers market forecast. The demand for the ADCs from developing countries, due to high internet penetration. This, in turn, is expected to offer lucrative growth opportunities for the app delivery controller. The government segment is expected to grow during the forecast period.

Based on the deployment type, the hardware segment carried the largest revenue share in 2017, contributing nearly three-fifths of the total market share. This segment is expected to dominate throughout the forecast period. However, software/virtual segment would grow at the highest CAGR of 7.6% from 2017 to 2023.

On the basis of enterprises size, the large enterprises segment contributed the highest share in 2017, accounting for more than half of the market. Whereas, SMEs is estimated to register the fastest CAGR of 6.2% during the forecast period.

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Emerging regions of Asia-Pacific are expected to witness maximum growth of ADCs. Factors such as rapid development of various industries, including IT and emergence of online transactions drive the growth of the ADC. North America accounted for the highest ADC market share of 50% in 2020, and is expected to maintain its dominance throughout the forecast period, owing to existence of well-developed IT and various end-user industries.

COVID-19 outbreak positively impacted ADC market. This is attributed to the fact that consumer trends toward ADC are changing and key players in the market are adopting technologies such as artificial intelligence-based solutions for uninterrupted communication & cognitive automation for real-time interaction with consumers.

The key players profiled in the application delivery controllers market analysis are A10 Networks Inc., Citrix Systems Inc., F5 Networks Inc., Array Networks, Inc., Webscale, Dell Inc., Barracuda Networks Inc., Fortinet Inc., Cisco Systems Inc., and KEMP Technologies Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the application delivery controllers industry.

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