Kubernetes Market Size, Share, Growth Analysis, By Product(Cloud and On-premises, and others), By Vertical(Energy, utilities, transportation & logistics, manufacturing), By Component(Connector security Platform and Services), By Region - Industry Forecast 2024-2031

Kubernetes Market size was valued at USD 1.46 billion in 2019 and is poised to grow from USD 1.8 billion in 2023 to USD 9.69 billion by 2031, growing at a CAGR of 23.4% in the forecast period (2024-2031).

Kubernetes is Fastest growing project in the history of open source software after Linux. It has many advantages which includes automation of containerised environments, scaling up & down and building a strong open source community. It is also cost efficient and helps in savings , able to run multi cloud possibilities at any place.Moreover, It improves developer productivity, along with increasing experience and popularity.

Kubernetes makes containerized environments possible by acting as the orchestration system.Containers do not need a full OS and instead run with a shared OS kernel, containers are smaller, faster, and more portable versus traditional virtual machines, or VMs.Hey.All the companies are migrating to Kubernetes due to the cost efficiencies and savings that are possible after associating with it.Many organizations have varying degrees of demands and scalability challenges. All of them have found meaningful cause savings with Kubernetes.Along with auto scaling capabilities that allow companies to scale up and down the number of resources they are using in real time, Kubernetes also pair with flexible cloud provider.It efficiently uses the right amount of resources based on demand at given points in time.

US Kubernetes Market is poised to grow at a sustainable CAGR for the next forecast year.