Application Container Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe 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.
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 period
- The large enterprises segment dominated the market by organization
size in 2018, a trend that is expected to continue through 2025
- By platform, the Docker segment was estimated at a value of over USD
700.0 million in 2018
- 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 errors
- North 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 region
- Prominent 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.
Access
full research report on global application container market:
www.grandviewresearch.com/industry-analysis/application-container-market
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Created on Feb 11th 2020 07:44. Viewed 376 times.