"Grand View Research, Inc. – Market Research And Consulting."According to a report published by Grand View Research, the increasing popularity of application container technology over VMs (virtual machines), along with the growing adoption of cloud-based computing systems in enterprises, and the rising popularity of IoT (Internet of Things) among end-users are contributing significantly to the market growth.
The global application container market size is expected to reach USD 8.2 billion by 2025, 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 the 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.
Application Container Market Report Highlights
On the basis of deployment, the on-premise segment is projected to account for a share of over 55.0% by 2025. The cloud segment, on the other hand, is anticipated to register a CAGR of close to 30.0% from 2019 to 2025.
On the basis of organization, the large enterprise segment accounted for a market of approx. USD 950 million in 2018 and is expected to register a CAGR of 26% during the forecast period.
On the basis of platform, the docker segment dominated the market in 2018 and is expected to maintain its dominance over the forecast period.
The Kubernetes segment is expected to witness significant growth from 2019 to 2025, owing to the platform’s flexibility to function alongside multi-container applications.
On the basis of application, the banking, financial services, and insurance (BFSI) sector accounted for the dominant market share in 2018. The use of containerization in BFSI is increasing significantly owing to its benefits such as ease of administration, cost-effectiveness, and a secured environment.
The telecommunication and IT segment are anticipated to register a CAGR exceeding 28.0% over the forecast period.
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 the high degree implementation of cloud technologies by vendors in the region.
In November 2020, NetApp launched “Spot Storage”, which is a “storageless” solution that’s designed to enable automated administration of cloud-native, container-based applications.
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Application Container Market Segmentation
Grand View Research has segmented the global application container market on the basis of deployment, organization size, platform, application, service, and region:
Application Container Deployment Outlook (Revenue, USD Million, 2014 - 2025)
Application Container Organization Size Outlook (Revenue, USD Million, 2014 - 2025)
Application Container Platform Outlook (Revenue, USD Million, 2014 - 2025)
Application Container Application Outlook (Revenue, USD Million, 2014 - 2025)
Healthcare & Life Science
Telecommunication & IT
Retail & E-commerce
Media & Entertainment
Application Container Service Outlook (Revenue, USD Million, 2014 - 2025)
Monitoring & Security
Data Management & Orchestration
Support & Maintenance
Other Consulting Services
Application Container Regional Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa
List of Key Players of Application Container Market
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Google, Inc.
• International Business Machines Corporation (IBM)
• Red Hat, Inc.
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