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Application Container Market Share, Size, Opportunities and Forecast:2023
Report define, determine, and forecast the global application container market by platform, service, deployment mode, application area, organization size, vertical, and region from 2018 to 2023, and analyze various macro and microeconomic factors that affect the market growth
According to recent market research report "Application Container Market by Service (Container Monitoring, Security, Data Management, Networking, Orchestration), Platform (Docker, Kubernetes), Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023", The application container market size is estimated to be USD 1.20 Billion in 2018 and expected to reach USD 4.98 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.
The major factors driving the growth of the application container market include the growing need for business agility and faster time to market, and large-scale modernization of existing business-critical applications.
Browse and in-depth TOC on “Application Container Market”
75 - Tables
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178 - Pages
"Application Container Market by Service (Container Monitoring, Security, Data Management, Networking, Orchestration), Platform (Docker, Kubernetes), Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023"
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The modernization segment is estimated to account for the largest market share in 2018
The modernization segment is estimated to account for the largest market share in 2018. All the leading organizations are in the process of modernizing their legacy applications. Legacy applications are usually 5–20 years old with more rigid application environments and hinder innovations in an organization’s ecosystem. Containers isolate applications from the underlying infrastructure services and reduce the complexity of dealing with old legacy platforms and their portability. The application container technology enables organizations to develop their business applications at a faster rate and reduce the maintenance costs of managing their applications.
The BFSI vertical is expected to grow at a higher rate during the forecast period
The BFSI vertical depends upon numerous legacy applications. This vertical is within the segment of modernizing their legacy programs and incorporating diverse new and advanced technologies in their enterprise packages. The application box generation now not most effective allows in transforming legacy programs, however also simplifies backend integration and facilitates rapid app improvement, trying out, and rollouts. Changes in banking rules and the omnichannel method to decorate consumer services are anticipated to pressure the application container services within the BFSI vertical.
North America is expected to account for the largest market share during the forecast period
North America is anticipated to account for the biggest marketplace proportion all through the forecast period. The location is one of the early customers of the utility container generation. The technological adoption in this place is high. Moreover, this area contains a dense startup environment, and all the leading cloud carrier providers are from this location. Trends, consisting of microservices and DevOps are in high call for on this location growing a good environment for the growth of the application Container market.
The major vendors covered in the application container market include IBM (US), AWS (US), Microsoft (US), Google (US), VMware (US), Apprenda (US), Joyent (US), Rancher Labs (US), SUSE (Germany), Sysdig (US), Jelastic (US), Kontena (Finland), Mesosphere (US), Puppet (US), Twistlock (US), Weaveworks (UK), CA Technologies (US), Oracle (US), Nimble Storage (US), BlueData (US), Apcera (US), Cisco (US), Red Hat (US), Docker (US), and Portworx (US).
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