The global application container market size is expected to reach USD 8.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.5% CAGR during the forecast period. Application containerization is used to deploy and run applications without launching separate Virtual Machines (VMs).
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VMs and containers have similar resource allocation and isolation advantages; however, containers help virtualize the Operating System (OS) in place of hardware. These solutions are more portable and efficient as compared to VMs owing to the requirement of fewer operating systems and minimum space.
The application container market has also been gaining prominence as a result of increasing adoption of containerization technology, particularly in retail, healthcare, banking and finance, and telecommunication sectors. The banking, financial services, and insurance (BFSI) sector is one of the early adopters of this technology, which offers benefits such as administration ease and cost-effectiveness.
The Docker datacenter is implemented in the banking sector as it provides benefits such as platform portability, higher security and smooth workflow of data, and efficient usage of infrastructure. The BFSI sector has adopted the Docker platform due to the challenging environment of digital disruption, wherein the use of application containers enables improvements in software delivery capabilities.
Further key findings from the report suggest:
• The on-premise deployment segment is expected to exhibit a CAGR of around 25.0% over the forecast period
• The large enterprises segment dominated the market by organization size in 2018, a trend that is expected to continue through 2025
• By platform, the Docker segment was estimated at a value of over USD 700.0 million in 2018
• On the basis of service, the monitoring and security segment is projected to account for over 30.0% of the overall market revenue by 2025, which can be credited to the containers’ ability to prevent system breakdown by proactively identifying errors
• North America accounted for the largest revenue share in 2018 and is projected to remain the dominant region over the forecast period, which is primarily attributed to high degree implementation of cloud technologies by vendors in the region
• Prominent players in the application container market include Amazon Web Services, Inc.; Cisco Systems, Inc.; Google, Inc.; International Business Machines Corporation (IBM); and Red Hat, Inc.
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Grand View Research has segmented the global application container market on the basis of deployment, organization size, platform, application, service, and region:
Application Container Deployment Outlook (Revenue, USD Million, 2014 - 2025)
• Cloud
• On-premise
Application Container Organization Size Outlook (Revenue, USD Million, 2014 - 2025)
• SMEs
• Large Enterprises
Application Container Platform Outlook (Revenue, USD Million, 2014 - 2025)
• Docker
• Kubernetes
• Others
Application Container Application Outlook (Revenue, USD Million, 2014 - 2025)
• BFSI
• Healthcare & Life Science
• Telecommunication & IT
• Retail & E-commerce
• Media & Entertainment
• Others
Application Container Service Outlook (Revenue, USD Million, 2014 - 2025)
• Monitoring & Security
• Data Management & Orchestration
• Networking
• Support & Maintenance
• Other Consulting Services
Application Container Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
• Asia Pacific
o China
o India
o Japan
• Latin America
o Brazil
o Mexico
• Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.