Reports And Data

Application Container Market Size – USD 2.70 Billion in 2020, Market Growth - CAGR of 23.3%, Market Trends – The rapid adoption of cloud technology.

NEW YORK, NY, UNITED STATES, November 9, 2021 /EINPresswire.com/ -- The rise in popularity of application container technology over the adoption of a cloud-based system in organizations and an increase in the internet of things (IoT) is fueling the market growth.

The global Application Container market is forecast to reach USD 14.44 Billion by 2028, according to a new report by Reports and Data. The rise in interest in the application container market is due to the adoption of hybrid cloud technology.

Cloud computing vendors offer multitenancy services, which provide a single set of software application to more than one customer at the same time. The multitenancy cloud environment offers enterprises to reduce the cost of running technology by sharing information technology resources.

The rapid adoption in the internet of things (IoT) is also fueling market growth. The growth in the number of connected devices is generating large blocks of information. Smart cities, connected healthcare, connected homes, and connected cars, among others, are gaining popularity. Industries such as manufacturing, utility, automotive, retail, and social media, are deploying the Internet of Things (IoT) for the rising volume of data transfer.

It is a relatively new and quickly growing technology among the IT enterprises whose introduction is leading to change and instability. Another restraining factor is the dearth of skilled professionals who can understand and work with the technology.

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Key participants Amazon Web Series, Inc., Cisco Systems, Inc., CA Technologies, Docker Inc., Google Inc., IBM Corporation, Microsoft Corporation, Red Hat, Inc., Rancher Labs, Inc., and Joyent Inc., among others.

 Further key findings from the report suggest

• Organizations maintain their data over the cloud and have complete control over processes such as processing, maintenance, scheduling, and administration. High cost and capital expenses related to the development and maintenance of on-premises infrastructure is also increasing the adoption of cloud deployment. The cloud deployment type is forecasted to grow with a CAGR of 23.9% during the forecast period.
• Small and medium-sized organization are switching to multitenancy architecture to reduce the IT maintenance cost and achieve economies of scale. Multitenancy architecture offers an advanced version of software and enterprises and has no need to invest any extra amount in upgrading their infrastructure of information technology. SMEs held a market share of 32.7% of the market share in the year 2018.
• One of the early adopters of application container technology is banking, financial services, and insurance (BFSI) sector. The technology not only helps in transforming legacy applications but also facilitates speedy app development, rollouts, and testing by simplifying backend integration. BFSI sector held the largest market share of 34.7% in the year 2018.
• The data management and orchestration segment is forecasted to hold a market share of 32.33% in the year 2028 due to their ability to manage and deploy data quickly.
• North America held the largest market share of 35.3% in 2018. Early adoption of technology in the region, high startup ecosystem, and high application of cloud is driving the market in the region.
• Singapore government’s digital services team at GoVTech is using Nectar for the development of building applications. Nectar stands for Next-generation Container Architecture and is used as a code name for on-premises Platform-as-a-Service (PaaS).
• The advent of DevOps and its rising trend in developed regions such as North America is driving the application container market in the region.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/application-container-market

For the purpose of this report, Reports and Data have segmented into the global application container market on the basis of services, deployment type, organization size, applications, and region:

Services Outlook (Revenue, USD Billion; 2020-2028)

Monitoring & Security
Data Management & Orchestration
Networking
Support & Maintenance
Other Consulting Services

Deployment Type Outlook (Revenue, USD Billion; 2020-2028)

Cloud
On-Premises

Organization Size Outlook (Revenue, USD Billion; 2020-2028)

Small and Medium Sized Enterprises
Large Enterprises

Application Outlook (Revenue, USD Billion; 2020-2028)

BFSI
Healthcare
Telecommunication and IT
Retail and e-commerce
Media and Entertainment
Others

Regional Outlook (Revenue, USD Billion; 2020-2028)

North America
Europe
Asia Pacific
MEA
Latin America

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Market Report includes major TOC points:

• Application Container market Overview
• Global Economic Impact on Industry
• Global Market Competition by Manufacturers
• Global Production, Revenue (Value) by Region
• Global Supply (Production), Consumption, Export, Import by Regions
• Global Production, Revenue (Value), Price Trend by Type
• Global Market Analysis by Application
• Manufacturing Cost Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Market Effect Factors Analysis
• Application Container market Forecast

Conclusively, all aspects of the Application Container market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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Tushar Rajput
Reports and Data
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