According to a new market research report " Container Orchestration Market by Component (Platform and Services), Organization Size (Large Enterprises and SMEs), Vertical (Telecommunications and IT, BFSI, Government and Public Sector, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Container Orchestration Market size is expected to grow from USD 326.1 million in 2018 to USD 743.3 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period.
Major growth factors for the market include the growing need for business agility and faster time to market, and large-scale modernization of existing business-critical applications. However, concerns over security issues and skill gaps may limit the market growth.

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The sevices segment is expected to grow at highest rate during the forecast period. With the increasing adoption of container orchestration platform, a need for these associated services is expected to increase, as these services assist in reducing costs, increasing the overall revenue, and improving the performance. With the help of these services, organizations can easily track, evaluate, and analyze their requirements to make informed business decisions.Large enterprises segment to hold a larger market size during the forecast period
The SMEs segment is expected to grow at a higher rate during the forecast period. SMEs are adopting container orchestration services that would offer a faster application deployment, help make timely decisions, and enhance customer satisfaction. They are also focused on simplifying the operations and management of cloud-native applications on any cloud and even across clouds.
Among verticals, the retail and consumer goods vertical is expected to growth at the highest rate during the forecast period owing to increasing adoption of containers by end users in the vertical and proliferation of online marketplaces. As the vertical deals with shipping orders and deliverables, it needs IT applications to manage operations. The need to manage and monitor such voluminous data is expected to drive the adoption of container orchestration solutions in the consumer goods and retail vertical.
In the container orchestration market by region, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The affordability and ease of application deployment provided by container and DevOps technologies are expected to be major drivers for the adoption of container orchestration platform and services among APAC enterprises.

The increasing adoption of cloud-based solutions is expected to drive the container orchestration market in APAC. Companies in this region are transforming their core business applications, which make them agile to respond business changes. From the private to public sectors, all are embracing the container orchestration technology. The emergence of DevOps is also expected to drive the container orchestration market in APAC. A recent study in APAC showed that organizations who have adopted DevOps are expected to display a positive impact on the container orchestration market size.

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The key market players profiled in the report include SUSE (UK), Oracle (US), Microsoft (US), Red Hat (US), AWS (US), Google (US), Docker (US), Mesosphere (US), Rancher Labs (US), Cisco (US), Critical Stack (US), Giant Swarm (Germany), Ericsson (US), Aptible (US), Kontena (Finland), SaltStack (US), Hashicorp (US), Shippable (US), Heroku (US), Joyent (South Korea), Pivotal Software (US), and Cloudify (US). These players offer container orchestration platform and associated services to cater to the demands and needs of the marketspace. They have adopted various growth strategies, such as acquisitions; partnerships and agreements; business expansions; and new product launches. They have followed the major growth strategies of partnerships, collaborations, and new product launches and enhancements.
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