Azure Load Balancer and Azure Traffic Manager helps you to make your web application and services more resilient. Whats the difference then ?
Load Balancer vs Traffic Manager
Load Balancer distributes the traffic with-in the same region and makes your services highly available. When it detects an VM is unresponsive , it just redirects the traffic to other VMs that is available in the pool.
Traffic Manager on the other hand works mainly at the DNS level and mainly directs the user to a preferred endpoint which is closest to the end user (It uses the DNS server that’s closest to the user). When the Traffic Manager finds an endpoint that is unresponsive , it redirects the traffis to the next closest endpoint that is available.