The report “Application Container Market by Service (Container Monitoring, Security, Data Management, Networking, Orchestration), Platform (Docker, Kubernetes), Application Area, Deployment Mode, Organization Size, Vertical, and Region — Global Forecast to 2023”, The application container market size is estimated to be USD 1.20 Billion in 2018 and expected to reach USD 4.98 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. The major factors driving the growth of the application container market include the growing need for business agility and faster time to market, and large-scale modernization of existing business-critical applications.
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The modernization segment is estimated to account for the largest market share in 2018
The modernization segment is estimated to account for the largest market share in 2018. All the leading organizations are in the process of modernizing their legacy applications. Legacy applications are usually 5–20 years old with more rigid application environments and hinder innovations in an organization’s ecosystem. Containers isolate applications from the underlying infrastructure services and reduce the complexity of dealing with old legacy platforms and their portability. The application container technology enables organizations to develop their business applications at a faster rate and reduce the maintenance costs of managing their applications.
The BFSI vertical is expected to grow at a higher rate during the forecast period
The BFSI vertical depends upon various legacy applications. This vertical is in the phase of modernizing their legacy applications and incorporating various new and advanced technologies in their business applications. The application container technology not only helps in transforming legacy applications, but also simplifies backend integration and facilitates speedy app development, testing, and rollouts. Changes in banking regulations and the omnichannel approach to enhance customer services are expected to drive the application container services in the BFSI vertical.
North America is expected to account for the largest market share during the forecast period
North America is expected to account for the largest market share during the forecast period. The region is one of the early users of the application container technology. The technological adoption in this region is high. Moreover, this region comprises a dense startup ecosystem, and all the leading cloud service providers are from this region. Trends, such as microservices and DevOps are in high demand in this region creating a favorable environment for the growth of the application container market.
Market Players
The major Application Container Market vendors covered in the application container market include IBM (US), AWS (US), Microsoft (US), Google (US), VMware (US), Apprenda (US), Joyent (US), Rancher Labs (US), SUSE (Germany), Sysdig (US), Jelastic (US), Kontena (Finland), Mesosphere (US), Puppet (US), Twistlock (US), Weaveworks (UK), CA Technologies (US), Oracle (US), Nimble Storage (US), BlueData (US), Apcera (US), Cisco (US), Red Hat (US), Docker (US), and Portworx (US).
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April 5, 2019: The global application container market size is expected to reach USD 8.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.5% CAGR during the forecast period.
Application containerization is used to deploy and run applications without launching separate Virtual Machines (VMs).VMs and containers have similar resource allocation and isolation advantages; however, containers help virtualize the Operating System (OS) in place of hardware.
These solutions are more portable and efficient as compared to VMs owing to the requirement of fewer operating systems and minimum space.The application container market has also been gaining prominence as a result of increasing adoption of containerization technology, particularly in retail, healthcare, banking and finance, and telecommunication sectors.
The banking, financial services, and insurance (BFSI) sector is one of the early adopters of this technology, which offers benefits such as administration ease and cost-effectiveness.Download sample Copy of This Report at: https://www.radiantinsights.com/research/application-container-market/request-sample The Docker datacenter is implemented in the banking sector as it provides benefits such as platform portability, higher security and smooth workflow of data, and efficient usage of infrastructure.
The BFSI sector has adopted the Docker platform due to the challenging environment of digital disruption, wherein the use of application containers enables improvements in software delivery capabilities.Further key findings from the report suggest:The on-premise deployment segment is expected to exhibit a CAGR of around 25.0% over the forecast periodThe large enterprises segment dominated the market by organization size in 2018, a trend that is expected to continue through 2025By platform, the Docker segment was estimated at a value of over USD 700.0 million in 2018Click Here For Complete Report @ https://www.radiantinsights.com/research/application-container-market On the basis of service, the monitoring and security segment is projected to account for over 30.0% of the overall market revenue by 2025, which can be credited to the containers' ability to prevent system breakdown by proactively identifying errorsNorth America accounted for the largest revenue share in 2018 and is projected to remain the dominant region over the forecast period, which is primarily attributed to high degree implementation of cloud technologies by vendors in the regionProminent players in the application container market include Amazon Web Services, Inc.; Cisco Systems, Inc.; Google, Inc.; International Business Machines Corporation (IBM); and Red Hat, Inc.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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Global Application Container Market was valued US$ 1.25 Bn in 2018 and is expected to reach US$ 12.85 Bn by 2026 at a CAGR of 33.81 % during the forecast period.The application container market is expanding substantially due to the rising usage of cloud-based computing systems in organizations.
Small and medium organization are pledging to multitenancy architecture to reduce the IT maintenance cost and achieve economies of scale.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Multitenancy architecture provides the advanced version of the software, and enterprises need not invest extra capital to upgrade their infrastructure of information technology.
Industries such as utility, social media, manufacturing, automotive, and retail are employing the Internet of Things (IoT) for the rising volume of data transfer.The on-premise segment dominated the overall market in 2016, and is expected to continue this trend in the near future, because of continuous change in on-premises deployment, which has many of the characteristics of the cloud such as high degree of virtualization and relative independence from hardware constraints through abstraction.North America is expected to account for the largest market share during forecast period.
The technological adoption in this region is high.
For instance, in Singapore, the government’s digital services team at GoVTech has been using Nectar for building applications.
The emergence of Application Container is also estimated to drive the growth of the application container market in this region.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
Application Container Market Research Report, By Service (Container Monitoring, Container Security, Container Data Management), Deployment (Cloud, On-Premise), Vertical (BFSI, IT , Healthcare, Life Sciences) — Global Forecast till 2023Market HighlightsThe application container technology has a high demand in large organizations for enhancing the enterprises network connectivity and customer relationships, maintaining network security, and end-to-end service level monitoring.
This enables the end-user organizations to optimize the use of their application infrastructure resource that saves cost of the organization.
The increase in the adoption of IoT devices across enterprises is increasing the market growth as high volume of data is generated from enterprises.
Moreover, application containers are used to support all the features, that are required to run an application on resource constrained IoT devices, allowing quick application deployment and fast application scaling.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6582Key Players:The prominent players in application container market are IBM Corporation (US), AWS Inc. (US), Microsoft Corporation (US), Google LLC (US), VMware Inc. (US), Oracle Corporation (US), Apprenda Inc. (US), Joyent Inc. (US), Mesosphere, Inc. (US), Weaveworks(UK), Red Hat, Inc., Cisco Systems, Inc. are among others.Regional AnalysisThe global market for application container is estimated to grow at a high rate during the forecast period from 2018 to 2023.
The geographical analysis of application container market is studied for North America, Europe, Asia-Pacific, and the rest of the world.North America is estimated to account for the largest market share as the adoption of technology in the region is high.
Also, it is one of the early adopters of the application container technology.
