Application Container Market Overview:
The Application Container technology helps enterprises to enhance their core competencies, such as security, network connectivity, customer relationships, and end-to-end services level monitoring. It enables the end-user organizations to optimize their application infrastructure resource utilization and save operating cost. The adoption of application container is growing, as a number of organizations are deploying containers to help build, manage, and easily move applications across different environments. Moreover, it provides increased flexibility and efficiency, and allows customers to migrate to cloud native environments. The global application container market was valued at $698 million in 2016, and is projected to reach at $8,202 million by 2025, growing at a CAGR of 31.8% from 2018 to 2025.
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Factors such as gaining momentum in microservices architecture and ongoing modernization of existing business-critical applications have driven the growth of the application container market. In addition, increase in financial investment in container technology and presence of large number of start-ups & established vendors in the market are expected to present major opportunities for market expansion in the near future.
The on-premise segment dominated the overall market in 2016, and is expected to continue this trend in the near future, owing to continuous change in on-premises deployment, which has many of the characteristics of the cloud such as high degree of virtualization and relative independence from hardware constraints through abstraction.
The IT & telecom segment dominated the overall market in 2016, and is expected to continue this trend in the near future, owing to ongoing application modernization in IT industry primarily to empower digital customer experience and growing need for agile business applications.
North America dominated the overall market in 2016, due to the factors such as availability of advanced ICT infrastructure in the region, consistent research & development activities performed by the technology providers, and an extensive cloud network established by major cloud service providers. However, Asia-Pacific is expected to witness the highest growth rate during the forecasted period.
The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porters Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.
Segment Review
The global application container market is segmented into deployment model, organization size, industry vertical, and region. Based on deployment model, the market is bifurcated into on-premise and cloud-based. On the basis of organization size, it is categorized into small & medium sized enterprises (SMEs) and large enterprises. By industry vertical, it is divided into IT & telecom, government, healthcare, BFSI, retail, education, others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global supply chain management software market include Amazon Web Services, Inc., CA Technologies, Docker Inc., Google, Inc., IBM Corporation, Joyent, Inc., Mesosphere, Inc., Microsoft Corporation, Rancher Labs, Inc., and Red Hat, Inc.
View full report: https://www.futureindustryinsight.com/product/application-container-market/
Top Impacting Factors
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 act as the major drivers of the market. However, security risks associated with the application container technology is expected to hamper the market growth during the forecast period.
Rise in Popularity of Application Container Technology Over Virtual Machines
Rise in popularity of application container technology over the virtual machines due to its numerous benefits is expected to boost the growth of the market. For instance, an application container is of the size 10 megabytes, whereas a virtual machine with its own entire operating system have size of several gigabytes. Owing to this, a single server can host far more containers than virtual machines. Another major benefit is that virtual machines may take several minutes to boot up their operating systems and begin running the applications they host, while application container can be started almost instantly.
Surge in Adoption of Cloud-based Computing System In Organizations
Cloud computing vendors are offering multitenancy services, which provide a single set of software application to more than one customer at the same time. The adoption of multitenancy cloud environment helps enterprises to decrease the cost of running a technology by sharing information technology resources. SMEs are deploying multitenancy architecture to reduce the IT maintenance cost and achieve economies of scale. Thus, emergence of multitenancy services is expected to increase the adoption of cloud computing.
Rise in trend of Internet of Things (IoT) Among End Users
Continuously increase in volume of data generated by the adoption of Internet of Thing (IoT) is boosting the market for application container. Moreover, application containers are used to support all the features, which are required to run an application on resource constrained IoT Devices. They are portable, efficient, and allow quick application deployment and rapid application scaling. IoT-frontend applications would benefit the most with the use of application container model, as it will make it easy to deploy, run, and upgrade the applications by using container orchestration tools such as Kubernetes.
Key Benefits
- This study includes the analytical depiction of the global application container market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers in the global application container industry…
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