Containers as a Service Market Analysis

Containers as a Service Market Overview

Container-based computerization provided by developing cloud services is known as container as a service. The containers as a service market is undergoing tremendous growth as this technology helps the companies to reduce their shipment time because of hosted applications and also combining its dependencies in a single package. The increasing demand for microservices among the industries is the factor that is attracting prime key players of the international market to concentrate on containers as a service market share. Using this CAAS technology, the IT department and programmers are allowed to get a complete structure of application management and placement of containers.

Figure1: Containers as a Service Market, 2018 - 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The container as a service market share is expected to grow USD 17.4 Billion by the end of 2030, with a compound annual growth rate of 33.30% during the period of forecast. Many companies aiming to enter the international markets, due to lack of technical information are joining hands with IT-based companies and freelancer programmers to cope up with Containers as a Service Market Demands.

Containers as a Service Market Covid-19 Analysis

The coronavirus pandemic has given a very tough time to most of the manufacturing, developing, production, and logistic units of businesses. No doubt, the IT industry has also faced a significant impact during the pandemic but also the IT industry was the only industry that has managed to survive so well as compared to other industries. Due to Covid-19 restrictions and lockdowns, every person shifted towards digital platforms for activities like banking, shopping, office works, etc. which in turn lead to an increase in demand for better microservices, technological advancements. Due to a lot of pressure on IT servers, the developers and programmers started using cloud-based technologies and got efficient and cost-effective results. So foreseeing that as the best time to expand their presence in the CAAS market, Containers as a Service Industry Key Players adopted various strategies like partnerships, mergers, and acquisitions, collaborations, agreements, etc.

Containers as a Service Market Dynamics  

Drivers

The major factor responsible for the growth of container as a service market is the increasing demand for flexible and dependable container service solutions. Cost-effectiveness is yet another factor responsible for Containers as a Service Market Growth. Countries with well-established infrastructure can allow implementation of the latest technologies and due to that focus of such countries is shifted towards server-less architecture which is one more factor in addition to others that are leading to the container as a service market growth. Really fast placement of applications, automatic testing, and ideal usage of resources are some of the basic and most valuable features of using market. Other factors driving the market growth will be more focus on digital transformation start-ups, microservices architecture boosting, hybrid cloud placements, rise in DEVOPS fuel demand for container technology, etc.

Containers as a Service Market Opportunities

Small and medium-scale enterprises are expected to get new business opportunities through the CAAS model. Improvement in network abilities is one of the factors which will provide more opportunities to CAAS providers. The adoption of CAAS models will also enable business organizations to undergo a greater degree of sharpness, which is the quality of creating a new production duty as fast as possible and will also open a new field for its developers and programmers to provide better container as a service solution. CAAS model will also open new opportunities for organizations providing application programming interface (API) or web portal interface services. All these opportunities will on the whole increase the container as a service market size. This market will help banks in modernizing their digital foundations for having an upper hand and fastening their service delivery all over the world. Also, it will help banks provide more quickly in less time.

Containers as a Service Market Technology Analysis 

The container as a service market is contemplated to face data security issues as the data usually stored in cloud servers is exposed to hacking and this factor, in turn, may hamper the growth of the market. In the past 5 years, the financial impact of cybercrimes has increased by 82 % and the time to solve or get out of those cyber-attacks is even doubled. When we talk about cloud servers, a constant supply of electricity and internet connectivity is necessary for efficient as well as effective working. In the developing regions, this issue will be faced at its peak, and organizations in such regions are expected to face the absence of constant power supply and slow internet speeds. There is a shortage of tools that are required for keeping a check and managing the containers in different companies which are restraining the market growth. As public cloud services are cheaper than other private cloud services and also provide other facilities like flexibility, authenticity, and adaptability.

Containers as a Service Market Study Objectives

• To take up the viewpoint of various industry experts and leaders into consideration and predict compound annual growth rate and market growth rate by the end of the global forecast in 2023.


• To bring out a competitive market outlook and analyze the yield models of key market players, worldwide. 


• To examine the various market dynamics like trends, drivers, and opportunities that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international market.

Containers as a Service Market Segment Overview

The container as a service market share is anticipated to grow owing to growth owing to the performance of different market segments. Among all the public cloud models will capture most of the market. For an amplifying use the market is segmented into the following on different bases:-

• On basis of service type, it has Security, Monitoring & Analytics, Storage & Networking, Continuous Integration & Continuous Deployment, Management & Orchestration, Support & Maintenance, and Training & Consulting.


• Based on Deployment Model, it has Public Cloud, Private Cloud, and Hybrid Cloud.


• Based on Organization Size, it has SMEs and Large Enterprises.


• Based on vertical, it has BFSI, Manufacturing, Healthcare, Retail & Consumer Goods, IT & Telecommunication, Media & Entertainment, Transportation & Logistics, Travel & Hospitality, and Others.

Containers as a Service Market Regional Analysis

The container as a service industry movements are remarkably working in 3 major regions those are North America, Asia Pacific, Europe, and in rest of the world. The North American market is expected to hold the largest market size during the forecast period up to 2023 and the reason behind it is technological evolutions, increasing demand for microservices, and container as a service market solutions. Also, the Asia Pacific region is predicted to be the fastest-growing region during the forecast period.

Containers as a Service Market Competitive Landscape 

To get a detailed and profound idea about the Container as a service market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the globe. But containers, as a service market is mingled in caparison to other markets as the majority share of the market, is held by some key players and leaders. CAAS is one of the developing and challenging technology and there are limitless opportunities where an adequate measure of new players are entering with aim of capturing a remarkable market share. The prime players in the global customer journey analytics market include: - 

• Apcera (California, US)


• AWS (Washington, US)


• Docker (California, US)


• Google (California, US)


• IBM (New York, US)


• Microsoft (Washington, US)

Containers as a Service Market Recent Developments

• In May 2019, a fast-growing Portland-based cloud and container security start-up named twist clock was bought by Palo Alto Networks for USD 500 million.


• In March 2017, app dynamics was acquired by Cisco and the reason behind it was to shift towards software-based solutions.


• In August 2017, the strategic partnership of Microsoft and Red Hat was expanded to speedily adapt the container system.


• In July 2018, HBSC announced that it is planning to build a new banking service business with the help of Google toolset to run it on a Kubernetes-managed market.

Containers as a Service Market Report Overview

The rising need for microservices across sectors is the driving force behind top global market players focusing on containers as a service market share. The IT department and programmers are able to obtain a complete framework of application management and container placement using this CAAS technology. By the end of 2030, the container as a service market share is anticipated to increase by 17.4 billion, with a forecasted CAGR of 33.30%. Due to a lack of technical knowledge, many businesses looking to reach international markets are collaborating with IT-based businesses and independent programmers to meet market demands for containers as a service.

The growing need for adaptable and dependable container service solutions is the main driver of the container as a service market's expansion. Another element driving the growth of the market for containers as a service is cost-effectiveness. The focus of such nations has switched to server-less architecture as a result, which is one more driver in addition to others driving the container as a service market growth. Countries with well-established infrastructure can enable the deployment of the newest technologies. Some of the most fundamental and beneficial aspects of using the Containers as a Service Market include extremely quick application placement, automatic testing, and optimal resource utilisation.

The adoption of CAAS models will also give business organisations the ability to develop a higher level of sharpness, which is the ability to quickly create a new production task. It will also give its developers and programmers a new opportunity to offer better container as a service solutions. Organizations offering application programming interface (API) or web portal interface services will also have new options thanks to the CAAS paradigm. The market size for containers as a service will grow overall as a result of all these prospects. In order to get an advantage and speed up the supply of their services globally, banks will benefit from modernising their digital foundations with the aid of this market. Additionally, it will enable banks to deliver services faster and in less time.