Container and Kubernetes Security Market Size Continues to Grow with Predicted USD 27.4% Billion by 2030 | CAGR of 27.4%

An increase in vulnerabilities and cyberattacks, a rise in the popularity of microservices, and a surge in the adoption of hybrid cloud technology applications drive the growth of the global container and Kubernetes security market.

However, the complexity in managing the cloud environment hinders the market growth. On the contrary, the surge in demand for cybersecurity across private and government sectors would open lucrative opportunities for the market players in the coming years.

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As per the report published by Allied Market Research, the global container and Kubernetes security market was pegged at $714.0 million in 2020, and is expected to reach $8.24 billion by 2030, growing at a CAGR of 27.4% from 2021 to 2030.

Covid-19 scenario:

• The Covid-19 pandemic had a positive impact on the demand for cloud-based technology for data cybersecurity. The demand for hybrid cloud technology increased during the pandemic due to the rise in the adoption of work-from-home culture.

• However, the market witnessed several challenges due to a lack of workforce and prolonged lockdowns in several countries. Moreover, the disruption of the supply chain hampered the market growth.

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The report segments the global container and Kubernetes security market on the basis of components, products, enterprises size, industry verticals, service type, and region.

Based on components, the container security platform segment held the lion's share in 2020, accounting for more than three-fifths of the market. However, the services segment is expected to manifest the highest CAGR of 28.6% during the forecast period.

On the basis of enterprise size, the large enterprise's segment dominated the market in 2020, contributing to more than two-thirds of the market. However, the small and medium enterprises segment is anticipated to showcase the highest CAGR of 28.3% from 2021 to 2030.

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The global container and Kubernetes security market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for around two-fifths of the market. However, the market across Asia-Pacific is projected to register the highest CAGR of 30.9% during the forecast period.

The global container and Kubernetes security market includes an in-depth analysis of the prime market players such as Aqua Security, Alert Logic, Cloud Passage, Capsule8, Qualys, Nev Vector, Twist lock, Trend Micro, StackRox, and Sysdig.

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