Press release
Application Container Market by 2025: By Deployment Model, Organization Size, and Industry Vertical
The global application container market was led by the telecom & IT segment in 2016, and is projected to maintain its dominance during the forecast period. However, the other segment is expected to witness the highest growth, owing to increase in awareness about application container technology is decreasing the adoption of other cloud tools such as OpenStack, PaaS, and other offerings.Download Sample Report@ https://www.alliedmarketresearch.com/request-sample/4693
The global application container market was valued at $698 million in 2016, and is projected to reach $8,202 million by 2025, growing at a CAGR of 31.8% from 2018 to 2025.
"The cloud segment is expected to grow at the highest CAGR during the forecast period, due to factors such as the rise in the use of multitenancy & cloud management platforms, increase in investment in application container technology by SMEs, a major shift towards cloud computing, and virtualization."
Rise in popularity of application container technology over virtual machines, a surge in adoption of a cloud-based computing system in organizations, and rise in trend of Internet of Things (IoT) among end users majorly contribute towards the growth of the market. However, security risks associated with the application container technology hamper the growth of the application container market.
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The global application container market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of application container market for Global, Europe, North America, Asia Pacific, and South America.
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