USD 3.72 billion
Report ID:
SQMIG45E2082 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
60
|Figures:
75
Global Application Container Market size was valued at USD 3.75 billion in 2022 and is poised to grow from USD 4.98 billion in 2023 to USD 48.47 billion by 2031, growing at a CAGR of 32.9% in the forecast period (2024-2031).
An application container platform aids in creating, upgrading, and distributing multiple solutions on a single OS kernel. The technology enables the automation of various processes involved in running, monitoring, scaling, scheduling, and upgrading lifecycle management solutions. The application of Container technology can help enterprises improve their core competencies, such as security, network connectivity, customer relationships, and end-to-end services level monitoring. Application infrastructure optimization tools can help end-user organizations save on operating costs by optimizing their infrastructure usage. The recent increasing interest in the Application Container Market is due to the increasing adoption rate of hybrid cloud technology.
Hybrid cloud computing is a deployment type that uses both private and public cloud solutions. The hybrid cloud computing model allows for a great deal of flexibility when it comes to using the cloud. Organizations can store sensitive and confidential data on remote cloud deployments because these systems are well-suited for this type of storage. Application container technology is growing in popularity over virtual machines, as the increase in adoption of cloud-based computing systems in organizations, and the increasing volumes of data generated by Internet-of-Things devices, are major contributors to the market’s growth. The increasing popularity of smart cities, connected cars, connected healthcare, and connected homes has resulted in a lot of data.
US Application Container Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.72 billion
Largest Segment
Cloud
Fastest Growth
Cloud
Growth Rate
33% CAGR
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Global Application Container Market is segmented on the service, deployment mode, organization size, application area, vertical, and region. By Service, the market is segmented into Consulting, Container Monitoring, Container Security, Container Data Management, Container Networking, Container Orchestration, and Support and Maintenance. By deployment mode, the market is segmented into Cloud (Private Cloud, Public Cloud), and On-Premises. By organization size, market is segmented into SMEs, and Large Enterprises. By application area, the market is segmented into Production, Collaboration, Modernization, and Others. By vertical, the market is segmented into BFSI, Healthcare and Life Sciences, Telecommunications and IT, Retail and Ecommerce, Education, Media and Entertainment, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Service
Based on the service, Container orchestration is evaluated to be the dominant application service in the global market, based on the large number of benefits organizations derive from effective container management and orchestration services. With applications moving to the cloud, the need for application containers is also anticipated to increase among enterprises. Cloud-native applications and legacy application modernization will increasingly be needed to satisfy the needs of businesses adopting DevOps strategies. Consequently, application container services will be in high demand.
Analysis by Deployment
Based on deployment, Organizations store their data in a restricted data center located over the cloud and have complete authority over how it is processed, scheduled, maintained, and administered. The high costs and investments necessary to maintain on-premise infrastructure are one of the main reasons that businesses are increasingly turning to cloud computing.
Analysis by Organization size
Based on the organization size, The Large Enterprise is one of the most significant adopters of the application container technology, with a significant market share. This is because large enterprises have the necessary infrastructure, strong R&D capabilities, and higher budgets to enable the adoption of application containers. Application containers offer many benefits, such as easy management and administration, cost-effectiveness, and a simple architecture.
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North America accounted for a revenue share of over 35.0% in 2021. The US contributed significantly to regional market revenue due to the aggressive adoption of cloud-native technologies by vendors and their collaboration with other technology providers. For example, in May 2018, Google, Inc. partnered with NetApp, a hybrid cloud data service provider, for cloud-native and high-performance storage capabilities. In February 2018, Red Hat, Inc. announced a partnership with Atos Managed OpenShift (AMOS) to deliver a new, fully-managed cloud solution. This new solution will allow businesses to more easily and quickly deploy and manage their applications in the cloud.
Asia Pacific is projected to exhibit a CAGR of nearly 30.0% over the forecast period. As enterprises adopt DevOps, IoT devices, and hybrid cloud technology, the market for these products is expected to grow in India, Singapore, Australia, China, and Japan.
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Drivers
Growing Need for Business Agility to Bolster Market Growth
Restraints
Emergence of Application Container Sprawl to Hinder Market Growth
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Technology launches, acquisitions, and collaborations are important strategies used by players in the Application Containers market. R&D activities are also important, as new applications and technologies are being developed to meet the needs of customers.
Top players company profiles
Recent Developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global application container market analysis, On a single OS kernel, numerous solutions can be updated, created, and deployed with the help of an application container platform. The technology enables the automation of several activities, including lifecycle management solution monitoring, scaling, scheduling, and upgrading. Because cloud-based technologies make it possible to store enormous volumes of data, the usage of these technologies by businesses is considerably rising. They also include built-in security measures, remote access, and cheaper maintenance expenses. The market is anticipated to develop rapidly as a result of current trends in cloud computing, including hybrid cloud solutions, cloud security, and cloud services and solutions like SaaS, PaaS, and IaaS.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.75 billion |
Market size value in 2031 | USD 48.47 billion |
Growth Rate | 32.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Application Container Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Application Container Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Application Container Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Application Container Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45E2082
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