Application Delivery Controller Market worth $8.3 billion by 2028 – Exclusive Report by Marketsa…>
– MarketsandMarkets
The global Application Delivery Controller (ADC) Market is projected to grow from USD 3.9 billion in 2023 to USD 8.3 billion by 2028, at a CAGR of 16.4%, according to a report by MarketsandMarkets™. ADCs, which enhance application security and performance, are becoming increasingly important as businesses transition to cloud-based environments and modern application architectures. The hardware-based ADC segment is expected to maintain a larger market size due to its stability, reliability, and scalability, particularly in industries like finance and healthcare. However, the virtual ADC segment is expected to grow at a higher CAGR due to its flexibility and cost-effectiveness. North America is expected to dominate the market due to its robust technological infrastructure, high adoption of advanced technologies, and concentration of major IT players. Major players in the market include F5 Networks, Citrix Systems, A10 Networks, and Fortinet, among others.
Link: https://www.prnewswire.co.uk/news-releases/application-delivery-controller-market-worth-8-3-billion-by-2028—exclusive-report-by-marketsandmarkets-301918775.html