Container Security Market Size, Share, Growth Analysis, By Deployment mode(On-premises and cloud-based), By Organization size(Small and medium-sized enterprises (SMEs) and large enterprises), By Vertical(IT and telecom, BFSI, healthcare, government), By Region - Industry Forecast 2024-2031

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.