Press release
Software Container Market to Witness Increase in Revenues by 2029
The varied benefits of software containers across diverse applications are proving to be gold standards of growth for the software container market. Software containers offer operating system virtualization. A software container consists of all the important binary codes, configuration files, executables, and libraries. Some organizations also use software containers to peregrinate current applications to modern environments. The versatile advantages offered by software containers make them an impregnable part of various organizations. Therefore, this aspect ensures the development of growth opportunities across the software container market.
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This software container market report evaluates distinctive factors that leave a positive impact on the growth rate. Some major parameters such as key trends, competitive landscape, and the regional outlook of the software container market have been comprehensively studied and covered in this report. Market stakeholders can gain great insights from this deeply scrutinized report on the software container market. In addition, this report also explores the software container market through the lens of the COVID-19 outbreak, thus giving a complete idea of the existing market scenario.
Software Container Market: Competitive Landscape
The software container market is highly fragmented with numerous local and international players vying for the top position in terms of demand and distribution. The hybrid composition of players invites fierce competition. The players are involved in mergers and acquisitions to strengthen their growth. Furthermore, key players also explore untapped regions for growth opportunities. Key players are also concentrating on developing efficient and precise software container platforms that are in tandem with the existing technologies.
Some well-entrenched players in the software container market are Microsoft Corporation, IBM Corporation, CoreOS, Google Inc., Docker Inc., and Red Hat Inc.
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Software Container Market: Notable Developments
The National Institutes of Health (NIH) recently adopted the software container technology from Docker Inc. to deliver imaging software across 40 hospitals worldwide; this development highlights the growing influence of software containers in the healthcare sector
Anchore, a container security solutions provider was recently awarded U.S. Air Force SBIR Phase II contract; Anchore will develop software container mechanisms for securing the U.S. Air Force supply chain
Software Container Market: Emerging Trends
With the need for changing traditional operations processes and the digital transformation developing at lightning pace, the software container market is prophesied to show good growth across the forecast period. According to research by Industrial analyst firm Gartner, more than 70 percent of the organizations across the world will be running more than two containerized applications in production. These statistics shed light on the humungous demand for software containers in the near future. Software containers enable enhanced software delivery speed, resource utilization to its fullest, and process reliability. All these factors may prove as strong growth pillars for the software container market.
The networking issue is a big drawback associated with software containers. Thus, this aspect may dampen growth prospects of the software containers market to a certain extent.
Software Container Market: Geographical Analysis
The software container market is geographically segmented into Europe, the Middle East and Africa, Asia Pacific, North America, and Latin America. Favorable government policies and support from the government of all the aforementioned regions may help in harnessing the growth of the software container market. In addition, new product launches and the software container organizations exploring untapped regions may serve as a growth generator for the software container market.
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