ID: MRFR/ICT/5120-HCR | February 2021 | Region: Global | 100 pages
Globally, the application container market is expected to grow from USD 0.89 billion in 2017 to USD 4.42 billion by 2023, at a CAGR of 31.1% during the forecast period.
Application container is an OS-level virtualization method utilized to install and run distributed applications without initiating complete virtual machine (VM) for each application. The containers can operate on the cloud, bare-metal systems, and virtual machines across different operating systems such as Linux, Windows, and Mac OS.
Application containers comprise various runtime components such as libraries, files, environment variables that are essential to run the desired software. Application containers consume less resources than a comparable deployment on virtual machines as the containers share resources without loading complete virtual machines to underpin each app. The arrangement of data to execute in a container is in the form of an image. The container engine sends these images on hosts.
One of the major factors that is driving the market is increasing popularity of application container technology over virtual machines as there is a difference in the size of the container. The application container is of size 10 megabytes, whereas the virtual machine with its OS have a size of several gigabytes. Additionally, there is difference in runtime of application between the virtual machines and the application container. The virtual machines take several minutes to boot the OS and run the applications it hosts whereas the application container runs instantly.
The application container technology enables enterprises to improve their core competencies, such as network connectivity, customer relationships, security, and end-to-end services level monitoring. The application container allows the end-user organizations to optimize their application infrastructure resource utilization and save operating cost. The adoption of application container is growing, as several organizations are deploying containers to help build, manage, and easily move applications across environments.
Application Container Market
Source: MRFR Analysis
By services, the market is segmented into consulting, container monitoring, container security, container data management, support and maintenance and others.
By organization size, the market is segmented into large enterprise, and SMEs.
By deployment model, the market is segmented into cloud and on-premise.
By vertical, the market is segmented into BFSI, healthcare & life sciences, telecommunication and IT, media & entertainment, education, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The global market for application container is estimated to grow at a high rate during the forecast period from 2018 to 2023. The geographical analysis of application container market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is estimated to account for the largest market share as the adoption of technology in the region is high; North America has also been one of the early users of the container application. Similarly, the presence of several key players and growing startups are the factors for the high growth of the application container market in the region. Additionally, microservices, and DevOps have a high demand in the region which is also contributing towards the market growth.
However, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Companies in this region are transforming their core business applications, which makes them responsive to business changes. The adoption of application container technology is widely experienced among private and public sectors.
The application container market has witnessed major trends for running the application on a virtual machine without utilizing the entire system. Many global players have adopted application container to increase enterprise value in the market and are concentrating on mergers and acquisitions for sustaining in the competitive environment. On 30th January 2018, Red Hat, Inc., signed a definitive agreement to acquire CoreOS, Inc. With this acquisition, the company is planning to double down on technology to help customers build, run, and manage containerized applications in hybrid and multicloud environments.
The prominent players in application container market are IBM Corporation (US), AWS Inc. (US), Microsoft Corporation (US), Google LLC (US), VMware Inc. (US), Oracle Corporation (US), Apprenda Inc. (US), Joyent Inc. (US), Mesosphere, Inc. (US), Weaveworks(UK), Red Hat, Inc., Cisco Systems, Inc. are among others.
Frequently Asked Questions (FAQ) :
The global application container market is expected to record a substantial market valuation of up to USD 4.42 billion by 2023.
The global application container market is projected to register a moderate 31.1% CAGR in the forecast period.
The support and maintenance segment is slated to expand as the fastest-growing segment.
The telecommunication and IT segment is expected to witness substantial growth.
A few major market players operating in the global application container market are IBM Corporation (US), AWS Inc. (US), Microsoft Corporation (US), Google LLC (US), Cisco Systems, Inc. are among others.