The global application container market is expected to rise at a CAGR of 31.1% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global application container market is mainly driven by the growing awareness about the benefits of application containers in terms of application runtime and storage space. The global application container market is expected to reach a valuation of USD 4.42 billion by 2023, according to MRFR.
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Key players in the global application container market include Cisco Systems Inc., Red Hat Inc., Weaveworks, Mesosphere Inc., Joyent Inc., Apprenda Inc., Oracle Corporation, VMware Inc., Google LLC, Microsoft Corporation, Amazon Web Services, and IBM.
In June 2019, Palo Alto Networks bought Twistlock, a leading provider of container security solutions, for USD 410 million, as well as PureSec, a leading provider of serverless security solutions.
Mergers and acquisitions are likely to be a popular strategy in the global application container market over the forecast period, as several different players specialize in different areas of application container technology and the number of startups in the field is also quite high.
The global application container market is segmented on the basis of service, organization size, deployment model, end-use vertical, and region.
By services, Covid 19 Application Container Market is segmented into consulting, container monitoring, container security, container data management, support and maintenance, and others. Container security is likely to remain important in the global application container market over the forecast period, as application containers naturally provide lower levels of security than traditional virtual machines.
By organization size, the market is segmented into large enterprise, and SMEs.
By deployment model, the market is segmented into cloud and on-premise. Cloud deployment is likely to become increasingly popular in the global application container market over the forecast period.
By vertical, the market is segmented into BFSI, healthcare & life sciences, telecommunication and IT, media & entertainment, education, and others.
North America is likely to hold a leading share in the global application container market over the forecast period due to the widespread use of application containers and the presence of leading application container service providers and startups in the region. North America has had an early mover advantage in the global application container market, as leading firms in the region have been quick to update their operations to fit the needs of the day. The growing demand for microservices and DevOps in North America is also likely to be a major driver for the application container market in the region over the forecast period.
Asia Pacific is expected to exhibit the highest growth rate over the forecast period due to the growing demand for server virtualization in the region. The untapped potential in Asia Pacific is likely to drive the application container market at a rapid growth rate over the forecast period, as companies in the region still predominantly utilize legacy systems.
Europe is also likely to hold on to a leading share in the global application container market over the forecast period.
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