According to the report published by Allied Market Research, the global application container Industry was estimated at $698 million in 2016 and is anticipated to hit $8.20 billion by 2025, registering a CAGR of 31.8% from 2018 to 2025.
Rise in popularity of application container technology over virtual machines, surge in adoption of cloud based computing system in organizations, and rise in trend of Internet of Things (IoT) among end users majorly contribute towards the growth of the market. However, security risks associated with the application container technology hamper the growth of the application container market.
The outbreak of COVID 19 is likely to augment the demand for productivity applications as the remote workforce swells up. Collaborative application vendors are looking forward to making minor adjustments and doling out the premium version through a minimum price subscription model. Overall, the global application container market is expected to will pose only marginal growth.
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The market is segmented on the basis of the deployment model, organization size, industry vertical, and region. Based on the deployment model, the market is bifurcated into on-premise and cloud-based.
Based on organization size, the report further divides the market into SMEs and large enterprises. Based on industry vertical, the market is categorized into IT & telecom, government, healthcare, BFSI, retail, and education.
Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players analyzed in the global application container market report include CA Technologies, Red Hat, Inc., Mesosphere, Inc., Google, Inc., Docker Inc., IBM Corporation, Joyent, Inc., Microsoft Corporation, Rancher Labs, Inc., and Amazon Web Services, Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.
Based on deployment model, on-premise segment dominated the global market in 2016, and is expected to continue this trend during the forecast period, owing to high adoption of on-premise application containers among the heavily regulated industries due to the need of to control data and document processes.
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Furthermore, the cloud segment is expected to grow at the highest CAGR during the forecast period, owing to rise in adoption of hybrid cloud computing model among the end users, which used a blend of public and private cloud solutions.
KEY FINDINGS OF THE STUDY
- By organization size, the small & medium-sized enterprises segment is expected to exhibit significant growth in the global application container market during the forecast period.
- In 2016, North America accounted for the highest revenue among the other regions.
- Based on industry vertical, the telecom & IT segment generated the highest revenue in 2016.
- By deployment model, cloud segment is anticipated to exhibit substantial growth during the forecast period.
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