Containers as a Service Market, By Service Type (Security, Monitoring & Analytics, Storage & Networking, Management & Orchestration), By Deployment Model (Public, Private, Hybrid), By Organization Size, By Vertical – Forecast 2023
Containers as a service market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of microservices. Major driving factor in the growth of containers as a service market is the greater flexibility being provided in comparison with the on premise containers and growing popularity of container as a service applications. Increasing advancements in technology is another major factor responsible for the growth of containers as a service market. Increased productivity and cost effectiveness are other major factors driving the growth of containers as a service market.
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Giants like Apcera, VMware, Inc., Amazon Web Services, Docker, Google, Inc., International Business Machines Corporation and Microsoft Corporation are the major players in the containers as a service market. Apcera has come up with a container management platform which provides legacy applications, security and networking and many more services. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Containers as a service market is expected to witness significant growth with the growing popularity of microservices and increasing demand for cost effective solutions in order to improve the overall productivity.
Containers as a service market has been segmented on the basis of service type, deployment model, organization size and vertical. The deployment model segment is further bifurcated into public cloud, private cloud and hybrid cloud. Out of which, the public cloud segment is expected to hold the largest market share for the containers as a service market. Public cloud services are cheaper as compared to other deployment models. It also offers great flexibility and reliability and hence is being immense popular and is extremely beneficial for the enterprises.
The major factor restraining the growth of containers as a service market is the lack of awareness and heavy increase in the container sprawls. This could be a major factor that could cause
hindrance in the growth of containers as a service market. Difficulty in achieving security and compliance is another major factor that could hamper the growth of containers as a service market.
According to Market Research Future Analysis, Containers as a Service Market has been valued at approx. USD 5560 Million by the end of forecast period with 34% of CAGR during forecast period 2018 to 2023.
The regional analysis of containers as a service market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in containers as a service market in North America is attributed to technical advancements and growing need for adoption of microservices in that region.
Market Research Future (MRFR) recognizes the following companies as the key players in the Containers as a Service market – Apcera (U.S.), VMware, Inc. (U.S.), Amazon Web Services (U.S.), Docker (U.S.), Google, Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Kontena (Finland), Cloud 66 (U.K.), CoScale (Belgium) and others.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Containers as a service market can be segmented on the basis of service type, deployment model, organization size and vertical. The vertical segment is further bifurcated into BFSI, manufacturing, healthcare, retail & consumer goods, IT & telecommunication, media & entertainment, transportation & logistics, travel & hospitality and others. Out of which, the banking, financial services andinsurance segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing adoption of containers in modernizing the technology environment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
LIST OF TABLES
TABLE 1 CONTAINERS AS A SERVICE MARKET, BY SERVICE TYPE
TABLE 2 CONTAINERS AS A SERVICE MARKET, BY DEPLOYMENT MODEL
TABLE 3 CONTAINERS AS A SERVICE MARKET, BY ORGANIZATION SIZE
TABLE 4 CONTAINERS AS A SERVICE MARKET, BY VERTICAL
TABLE 5 CONTAINERS AS A SERVICE MARKET, BY REGION
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 CONTAINERS AS A SERVICE MARKET, BY SERVICE TYPE
FIGURE 3 CONTAINERS AS A SERVICE MARKET, BY DEPLOYMENT MODEL
FIGURE 4 CONTAINERS AS A SERVICE MARKET, BY ORGANIZATION SIZE
FIGURE 5 CONTAINERS AS A SERVICE MARKET, BY VERTICAL
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