Application Container Market to grow by USD 7.56 billion between 2022 - 2027 | Growth Driven by Growing popularity of cloud-based services - Technavio

NEW YORK, Sept. 25, 2023 /PRNewswire/ -- The Application Container Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the application container market between 2022 and 2027 is USD 7.56 billion. The growing popularity of cloud-based services drives the application container market growth. Globally, enterprises are directing their efforts toward reducing capital expenditure (CAPEX) through the adoption of novel technologies. This is because creating and operating on-premises applications is a convoluted, costly, and sluggish process. With factors like the increasing embrace of cloud computing, organizations are actively seeking streamlined approaches for deploying and managing applications within cloud environments. Hence, such factors drive the growth of the application container market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

• Market Challenge - Security concerns associated with application containers challenge the growth of the application container market. There is an array of benefits application containers offer however, they also introduce fresh security complexities necessitating resolution for broader acceptance. Application containers utilize pre-assembled /images that could harbor vulnerabilities or outdated software elements and inadequate management of these/images could render applications susceptible to diverse security perils, encompassing malware injection or data breaches. Hence, such challenges impede the growth of the application container market during the forecast period. Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now

The application container market is segmented by End-user (BFSI, Healthcare and life sciences, Telecom and IT, Retail and e-commerce, and Others), Component (Platform and Service), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). 

• The BFSI segment will be significant during the forecast period. Numerous advantages are brought forth by application containers to the BFSI sector. This encompasses enhanced scalability, agility, and security. For instance, Kubernetes, an open-source container orchestration platform, finds extensive utilization within the BFSI domain. This is aiding financial entities in streamlining their development and deployment procedures while effortlessly expanding application scales based on requirements. Hence, such factors drive the growth of the BFSI segment of the application container market during the forecast period.
• North America will contribute 30% to the growth of the global market during the forecast period. View Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Application Container Market:

Alphabet Inc., Amazon.com Inc., Aqua Security Software Ltd., Broadcom Inc., Cisco Systems Inc., DevFactory FZ LLC, Docker Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Palo Alto Networks Inc., Perforce Software Inc., Pure Storage Inc., Samsung Electronics Co. Ltd., Suse Group, Sysdig Inc., Virtuozzo International GmbH, VMware Inc., Weaveworks Inc.

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The Container Security Market is projected to grow by USD 2.47 billion with a CAGR of 22.59% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the container security market segmentation by deployment (on-premise and cloud) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growth in cross-border trade is a key factor driving the global container security market growth.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Component

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio