USD 1.3 billion
Report ID:
SQMIG45J2134 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
88
|Figures:
76
Container Security Market size was valued at USD 1.93 billion in 2022 and is poised to grow from USD 2.35 billion in 2023 to USD 11.55 billion by 2031, growing at a CAGR of 22% during the forecast period (2024-2031).
The container security market growth is attributed to the adoption of serverless technologies by higher numbers, cloud computing solutions through different verticals of industry, and applications of the container across all sizes of businesses and their associated production environments. Organizations have begun to leverage more sophisticated security solutions such as a Customer Identity and Access Management (CIAM) framework to protect sensitive end-user information alongside the companies' confidential information. Moreover, container technology is accelerating cloud 2.0. This opportunity they get by embracing more data-centric and service-centric solutions to replace their VM-centric cloud architecture. In addition to the above services and safety nets, enterprises also yearn to improve their ability in the cloud through making use of advanced technologies, including serverless containerization cross-cluster, and hyper-scale management. Since Cloud 2.0 natively provides cloud security, businesses can use containers safely. Customers are using serverless solutions for their IT infrastructures to avoid security and maintenance costs. They are also using this technology to manage operations of their framework. Containers and serverless computing are getting popularity because they are accelerators and will help businesses better optimize their operations, and it has gained many eyes in the business world due to its very attractive view of sending programs and administrations on the lookout because of ease of use and economic advantages.
US Container Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.3 billion
Largest Segment
IT and telecom
Fastest Growth
IT and telecom
Growth Rate
22.0% CAGR
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The global container security market is segmented based on component, deployment mode, organization size, vertical, and region. In terms of components, the market includes solutions and services. Deployment modes comprise on-premises and cloud-based. Organization sizes considered are small and medium-sized enterprises (SMEs) and large enterprises. Verticals include IT and telecom, BFSI, healthcare, government, and more. Geographically, the market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Container Security Market Analysis by Deployment Mode
As per the container security market analysis, the cloud-based segment accounted for a market share of 54.52% in 2023. Cloud computing platforms are still vulnerable to fraud and data breaches although a great deal of advancement is going on in cloud computing. More and more organizations have started using cloud computing since the cost of using an on-premises system is very high. These provide enterprises with a level playing ground to detect and thwart the threats. This allows for the disruption and enrichment of SaaS through AI. Applying AI to SaaS provides a means of enhancing how data is used, thereby making services more personalized and secure, and humanly developed. The considerable cost advantages related to using cloud-based platforms are persuading government agencies and commercial organizations to migrate to cloud-based storage and cloud-based platforms, which would be propelling the demand for cloud-based container security solutions.
According to the container security market forecast, the on-premises category is expected to grow at a CAGR of 24.6%. Since these solutions and updates hold critical business databases, many firms wish to fully own them. Organizations are able to maintain the highest level of data security as a result. In addition, through explicit monitoring and data protection, the on-premises deployment reduces reliance on other entities. For instance, Qualys container security lets customers monitor, find, and continuously protect containers from development to runtime. On top of that, it offers detailed visibility into the on-premises container configuration. In addition, Qualys' on-premises container security offers thorough coverage with image vulnerability screening accuracy to high levels, thus leaving time for security analysts to take more remediation actions. It is expected that the corporate preference for keeping internal data private will increase the demand for on-premises deployment during the forecast period.
Container Security Market Analysis by Organization Size
The largest container security market share in 2023 was that of the large enterprise sector at 51.16%. The need for upgrades in the diversified applications and services run in scattered locations is a demand by large companies to cater to their business needs. It provides major businesses with many advantages, including enhanced security, higher production, and cost savings. Large organizations are heavily investing in DevOps technologies to ensure error-free code, higher-quality software, and continuous client interaction. The solution promotes greater collaboration between the development and operational teams, helping businesses improve business operations and speed up the release of products. This will continue to support major companies' need for container security solutions throughout the forecast period.
In the forecast period, the SMEs segment is expected to grow at the highest CAGR of 27.3%. Small businesses seek innovative solutions that will hasten deliveries without adding more sources of potential mistakes or hold-ups. DevOps can help simplify the complexities associated with the delivery cycle of software and introduces automated standardized processes that will speed up deliveries, as tools in DevOps are intended to integrate software development, quality assurance, and infrastructure operations into a single automated framework. In this way, DevOps may help small businesses become more productive by eliminating all obstacles in the software lifecycle and respond rapidly to business demands. During the forecast period, these factors would also fortify the growth of this segment.
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The North American container security industry held the largest share during. There is growth in the region due to the rising IT spending and investment in containers for security reasons. Major organizations such as Microsoft, IBM, VMware, and more are adopting container security services and solutions extensively. More specifically, the regional market will expand with higher R&D spending on the latest container solutions and strategic partnership with companies operating in this segment. For instance, in May 2021, NeuVector announced that IBM Cloud index was now supporting the clients of IBM Cloud that use Kubernetes, which is a complete end-to-end container security platform.
Asia-Pacific is expected to grow at the highest rate at an estimated CAGR of 29.9%. The increase in the number of SMEs, volume of organizational data, and growing usage of vulnerability management software by businesses to counter cyberattacks are the major regional expansion factors. According to a survey conducted by Red Hat last year, open-source software adoption is highest in Asia Pacific among all business operations. In other words, DevOps teams track open-source code-almost two-thirds of the region's IT executives use it to update their infrastructures-for infrastructure updates. The regional IT executives want innovative technologies and the best-quality software. Moreover, these same experts have recommendations for better software. Throughout the projection period, all these elements will make the demand for container security solutions among the regional companies rise even higher.
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Container Security Market Drivers
Rising Needs for International Trade and Transportation
Security and Regulatory Compliance Standards
Container Security Market Restraints
High Cost of Installation
Problems with Technology and Integration
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The major companies in the global market are focusing on providing state-of-the-art solutions and increasing their expenditure in R&D projects to introduce new products and upgrade existing ones to expand their client base and market share. Major players are also using partnership and acquisition methods in order to expand their business in new areas and offer better customer service.
Container Security Market Top Player’s Company Profiles
Container Security Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, with increasing needs of global commerce, stricter regulations, and technological advancement, the prospects for container security are predicted to undergo a significant growth. Utilizing advanced technologies such as smart monitoring systems and IoT-enabled devices optimizes security procedures besides providing real-time status awareness of containers. Therefore, solutions such as high installation costs and integration problems need to be overcome to achieve broad acceptance. Eco-friendly solutions are gaining popularity with businesses that focus more on sustainability and security. With all these considered, the industry has ample room for expansion and innovation, which is an opportunity to improve the security procedures for the changing needs of the transportation and logistics industries.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.93 billion |
Market size value in 2031 | USD 11.55 billion |
Growth Rate | 22% |
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 |
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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 Container Security 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 Container Security 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 Container Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Container Security 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: SQMIG45J2134
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