Containers as a Service Market Size To Expand at a Notable CAGR Of 34% During 2018 - 2023

Pune, India, March, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Containers as a Service Market.

Market Analysis

Market Research Future has published a detailed report on the global containers as a service, which states that the market is subjected to acquire a valuation of USD 5560 Million by 2023. The registered CAGR is calculated to be 34% which is considered to be a virtuous rate of growth in the present time. This valuation also states a promising future for global containers as a service market.

The containers have been in notice over more than a decade ago. In recent times, it is becoming a key trend in data center virtualization. In early days, most of the software applications used to run on a separate operating system, but now the new feature of containers empowers all the components to function on a single operating system.

Top Factors Impacting the Container as a Service Market

The demands for the container as a service are majorly driven by cost-effectiveness and increased productivity. There has been a significant increase in the popularity of micro services; the adoption rate of a container as a service technology is expected to gain significant traction during the forecast period.

A container as a service is the latest cloud-based support services, providing users with container engines, orchestration, and the computational resources to run applications on the server. The market for container as a service is driven by various factors, listed as benefits of operational simplicity, platform independency, resource optimization, and even scalability.

Container as a Service Market segmentation

The container as a service market is analyzed based on segmentation over service type, deployment model, organization size and vertical.

The segment of service type includes security, monitoring & analytics, storage & networking, continuous integration & continuous deployment, management & orchestration, support & maintenance, and training & consulting.

Amongst these, management & orchestration is expected to hold the largest market share of the container as a service market during the forecast years. The rise in the market growth owes to the ease in deploying containers and seamlessly integrating various containers at the same time. This segment also allows adding and removing containers and many more functions simultaneously.

Whereas, the security type sub-segment is expected to grow at the highest CAGR during the forecast period.

Regional Outlook

According to the reports by MRFR, the market has been analyzed over regions of North America, where the container as a service market holds the largest market share attributed to the increasing demand for microservices as well as having well-established infrastructure allowing implementation of advanced technologies.

Europe and the Asia Pacific regions are also to witness the highest CAGR of the market in the years to come. The market for the container as a service has a promising future with an abundance of opportunities.

Key Players:

The prominent players in containers as a service market are – Apcera (U.S.), VMware, Inc. (U.S.), Amazon Web Services (U.S.), Docker (U.S.), Google, Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Kontena (Finland), Cloud 66 (U.K.), CoScale (Belgium) and others.

Industry News

• March 2017: IBM (U.S. ) launched a new container service on Bluemix which has a cloud-based platform and which fuels the speed and simplicity on which developers can construct and manage more secure and cognitive apps.