APPLICATION GATEWAY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In July 2024, io, a leading provider of cloud-native application networking solutions, announced the launch of Gloo AI Gateway. This innovative product is designed to address the growing demand for AI-driven application development by enabling organizations to build high-performance, scalable AI applications while seamlessly integrating with existing API management systems. Gloo AI Gateway offers a comprehensive set of tools and infrastructure to handle AI-specific tasks, ensuring the reliability, security, and optimal performance of AI-powered applications.
• In July 2024, Microsoft, a leading technology company, announced the launch of Azure Application Gateway for Containers, a new offering under the Application Gateway product family. This solution combines the capabilities of Azure's Application Gateway and the Application Gateway Ingress Controller (AGIC), providing layer 7 load balancing and dynamic traffic management for workloads running in Kubernetes clusters. Azure Application Gateway for Containers introduces several enhancements, including support for Gateway API, which offers a more expressive and role-oriented approach to defining Kubernetes service networking. It also enables weighted and split traffic distribution, allowing for blue-green deployment strategies and active/active or active/passive routing. This new solution extends Microsoft's application load balancing portfolio, delivering improved performance, scalability, and deployment flexibility for customers running containerized applications on Azure Kubernetes Service (AKS).
• In December 2023, IBM, a leading global technology company, announced a definitive agreement to acquire StreamSets and webMethods from Software AG, which is primarily owned by Silver Lake, a U.S.-based technology investment firm. This acquisition, valued at €2.13 billion, is expected to enhance IBM's AI and data platform, watsonx, by integrating StreamSets' advanced data ingestion capabilities. Additionally, webMethods will provide clients and partners with sophisticated integration and API management tools tailored for hybrid multi-cloud environments, further strengthening IBM's offerings in the rapidly evolving digital landscape.
• In January 2020, Orange Business Services, a global telecommunications provider, announced the completion of its acquisition of SecureLink, a prominent Europe-based cybersecurity vendor. This strategic move aims to enhance Orange's international reach and expand its cybersecurity capabilities, positioning the company as a leader in the cybersecurity industry across Europe.