The global application delivery controller market is projected to have a significant CAGR of over 6% during the forecast period. The increasing adoption of the cloud-based application delivery controller solutions by the enterprises encourages the growth of the market. The growing demand for the cloud platform is attributed to the faster deployment of new capabilities in enterprises that further raises the demand for data resiliency and security through the firewall and secure network.
There are various factors that can influence the adoption of cloud-based application delivery controller services by SMEs (small and medium enterprises) such as organization characteristics, competitiveness, and management strategies. The SMEs require the right organizational cloud infrastructure to provide essential functionalities for supporting their business processes, where application delivery controller can work in such cases. The organizational cloud infrastructure allows SMEs to secure, process, store and manage information so that it is accessible for pronouncement construction.
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Rising concern related to data security and privacy
The increasing concern of data security and privacy encourages the demand for application delivery controller in enterprises that propel the growth of the application delivery controller market. Data security and privacy have a significant role in enterprises that aids in preventing unauthorized access to computers, websites, and databases. However, the concerns regarding data security and privacy have been rising significantly owing to the abundant amount of unprotected data and poor security infrastructure.
Data loss is a major concern for businesses of all sizes as it results in losing money and time to recover information which is vital for every business. It can disrupt the everyday operations of any business. The application delivery controller solutions offer data resiliency and security through secured network gateway in enterprises that encourages the demand in various industries such as BFSI, retail, and others.
Substantial growth opportunity in the emerging market
Emerging market such as China, India provides ample opportunity for the growth of the application delivery controller market. Rising government initiatives for digitalization and coupled with the growing adoption of cloud-based services in these countries raises the demand for application delivery controller solutions. According to the Government of India, digital transactions in India increased to 31,335 million in 2018-19, at a growth of 51% over the previous year.
Further to boost the digital transactions in the country, in June 2018 the Reserve Bank of India (RBI) has removed charges on fund transfers through Real Time Gross Settlement System (RTGS) and National Electronic Funds Transfer (NEFT). Therefore, these initiatives raise the digitization in the BFSI sector that required a secure and safe network interface for their operations thus leading to the significant adoption of application delivery controller solutions in the BFSI industry, and therefore, drives the global application delivery controller industry.
China is one of the leading countries in Asia-Pacific that is contributing to the growth of the application delivery controller market. The factors that are driving the market growth include the availability of a large amount of enterprise data coupled with the rising adoption of the application delivery controller services. By the rapid development of cloud computing, internet & mobile Internet, and big data applications, the pace of building a global data center is accelerating. Moreover, China has many small and large companies that provide ample opportunity for the demand for application delivery controller solutions. Furthermore, the rapid adoption of cloud-based services in the country is estimated to drive the growth of ADC solutions in various industries such as retail, BFSI, and others.
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Global Application Delivery Controller Market- Segmentation
By Deployment Type
- On-Premises
- Cloud-based
By Industry
- BFSI
- Retail Industry
- IT & Telecom
- Government and Public Sector
- Healthcare
- Others
- (This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
