Latest Application Container Trends Analysis in Reference to its Sub-Segments

CIOReviewIndia Team | Tuesday, 06 August 2019, 13:31 IST

analysisGrand View Research forecasted the global application container market size, which was valued at USD 1.5 billion in 2018, to grow at a CAGR of 26.5% from 2019 to 2025. According to the report, the factors impacting the significant boost of the market is the increasing volumes of data generated by IoT and ongoing trends in cloud computing - Hybrid cloud solutions, cloud security, cloud services and solutions such as SaaS, PaaS, and IaaS, which have considerably low maintenance costs, remote access, built-in security features and also allows storage for massive amounts of data. The research also observed Docker, an open source software development platform to be the most popular platform type among users, and is expected to generate the highest revenue throughout the forecast period.

Despite the list of benefits that cloud-based technologies come with, the research detected certain challenges due to the complexity of cloud-based technologies. Hence, it was noted that cloud environment is more intricate than predictive. Moreover, the research observed that the meeting growing needs of end users in controlling and managing heterogeneous technologies on a single platform has become rather burdensome.

Moreover, the research has speculated the revenue growth at global, regional, and country levels by presenting an analysis of latest industry trends in each of these sub-segments from 2014 to 2025 – Deployment Insights - In this analysis, the market had been divided into cloud and on-premises deployment, where cloud is anticipated to exhibit the highest CAGR over the forecast period, Organization Size Insights - The analysis has segmented application container market into SMEs and large enterprises.

 Wherein, SMEs will remarkably benefit from adoption of application containers, and is anticipated to grow at the highest rate over the forecasted period, Platform Insights - The Docker segment accounted for a significant revenue share in 2018 and is projected to continue its dominance throughout the forecast period, and Kubernetes segment is also anticipated to witness substantial growth from 2019 to 2025, Application Insights - The banking, financial services, and insurance (BFSI) sector accounted for the dominant market share in 2018, the telecommunication and IT segment is anticipated to register a CAGR exceeding 28.0% over the forecast period and most enterprises in the retail and e-commerce industry were seen using Docker platform globally, Service Insights - The data management and orchestration segment accounted for a significant revenue share in 2018, owing to the ability of containers to deploy and manage data quickly, and Regional Insights - U.S. significantly contributed to the market revenue, owing to aggressive adoption of cloud-native technologies by vendors in the region and their collaboration with other technology providers.

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