Surge in adoption of application container technology, increase in implementation of micro-services, and rise in popularity of open-source container orchestration platforms drive the growth of the global container orchestration market.
On the other hand, lack of cloud architect skills required for operating the container orchestration tools impedes the growth to some extent. Nevertheless, usage of container orchestration for IoT devices and rise in investment in application container technology are expected to create a number of opportunities for the front runners in the industry.
According to the report published by Allied Market Research, the global container orchestration market was pegged at $332.7 million in 2018 and is anticipated to hit $1.38 billion by 2026, registering a CAGR of 17.2% from 2019 to 2026.
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By component, the platform segment held nearly three-fourths of the total market revenue in 2018 and is anticipated to retain its dominance throughout the forecast period. At the same time, the services segment would cite the fastest CAGR of 21.2% from 2019 to 2026.
Based on organization size, the large enterprises’ segment accounted for more than two-thirds of the total market share in 2018 and is expected to maintain the lion’s share by the end of 2026. Simultaneously, the SMEs segment would portray the fastest CAGR of 21.0% throughout the forecast period.
Based on geography, North America generated the highest share in 2018, holding more than two-fifths of the global market. Asia-Pacific, on the other hand, would manifest the fastest CAGR of 22.2% till 2026. The other two regions analyzed in the report include Europe and LAMEA.
The global container orchestration industry includes some of the key market players such as Amazon Web Services, Inc., Cisco Systems, Inc., D2iQ, Inc., Docker Inc., Google LLC, Microsoft Corporation, Oracle Corporation, Rancher, Red Hat, Inc., and SUSE.
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