Docker Monitoring Market Worth $2583.8 Million by 2027
Docker Monitoring Market Size
Docker Monitoring Market is estimated to grow from USD 223.7 Million in 2019 to USD 2583.8 Million by 2027, at a CAGR of 35.8% during 2020–2027.
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Docker Monitoring is the process of monitoring the performance of microservice containers in the Docker environment. It is the first step towards optimization and in efficiency enhancement. Factors expected to boost the growth of the docker monitoring market are the need to optimize application performance in the dynamic container environment and the inevitable need to identify issues proactively that would avoid system outage.
Also, Factors such as a growing trend in the multi-cloud environment between companies rising analytical infusion in order to boost the capabilities of docker monitoring solutions are projected to offer ample opportunities for docker monitoring solutions vendors.
Market Drivers, Restraining, Opportunities:
• Demand for Optimizing Application Performance Across A Dynamic Container Environment
• Need to Monitor Health Status of Docker Containers to Avoid System Outages
• Complex Docker Container Security
• Lack of Awareness and Scarcity of Skilled Professionals
• Infusion of Analytics and Ml Technologies to Enhance the Capabilities of the Docker Monitoring Solution
• Growing Trend of Multi-Cloud Among Enterprises
The global market for the Docker Monitoring is segmented into component, industry vertical and region.
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Software segment accounted for about 54%of the overall market.
Based on the components, the market is segmented into Services and Software Solutions. Amongst these, the software type is expected to account for the larger share. Software segment accounted for about 54%of the overall market. This is primarily due to the benefits it provides, such as its aggregated performance and health assessment, complete docker visibility and reduced monitoring complexity. In addition, the advanced capabilities like advanced analytics and actionable alerting of the docker monitoring software are driving the market for a docker monitoring solution.
By Industry Vertical:
The BFSI segment accounted for the largest market share of about 31%in 2019
Based on Industry Vertical, the market is divided into Healthcare and Life Sciences, BFSI, IT and telecom, Media and Entertainment, eCommerce and Retail, Travel and Hospitality and Others (Energy and Utilities, Government and Manufacturing). Amongst all these.
The BFSI segment accounted for the largest market share of about 31%in 2019.Apart from this eCommerce and retail segment is expected to grow at the highest CAGR during the forecast period.
An increasing need for technologies having high performance, in order to minimize the cost, better portability achievement and increase the system resources efficiency are some of the factors responsible for the high level CAGR of this segment.
Docker and Docker monitoring systems are capable of providing services as soon as a request occurs and help boost the overall user experience and customer satisfaction that is of tremendous value to companies through eCommerce and the retail sector.
North America accounted for about 49% of the global market in 2019
Amongst all the regions, North America has always on the forefront when it comes in adopting various advanced technologies and has demonstrated a high degree of adoption of docker technology. Many businesses in North America are rapidly implementing docker monitoring solutions to increase the overall visibility of their containers and application efficiency in order to prevent any system outages and improve the overall performance of their system.
North America also contains a huge number of docker monitoring companies and also has growing adoption of docker containerization and microservices, the cloud-based technologies which help to boost overall enterprise and system application performance.
Key Player Analysis
Major players in Docker Monitoringmarket are Microsoft (US), AppDynamics (US), Dynatrace (US), Broadcom (US), Oracle (US), Instana (US), Splunk (US), New Relic (US), BMC Software (US), Datadog (US), IBM (US), Sumo Logic (US), Micro Focus (US), Riverbed Technology (US), Sysdig (US), SolarWinds (US), Centreon (US), ManageEngine (US), ScienceLogic (US) and Wavefront (US) among others.These industry leaders are aggressively adopting diverse strategies to grow their market share.
Read more our Analysis: https://www.reportcrux.com/summary/6935/Docker-Monitoring-Market
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