Press release
Container Orchestration Market to Reach USD 1.38 Billion | Containers, Orchestration, Success: The Trifecta of Modern IT
Surge in adoption of application container technology, increase in implementation of micro-services, and rise in popularity of open-source container orchestration platforms drive the growth of the global container orchestration market. On the other hand, lack of cloud architect skills required for operating the container orchestration tools impedes the growth to some extent. Nevertheless, usage of container orchestration for IoT devices and rise in investment in application container technology are expected to create a number of opportunities for the frontrunners in the industry.As per the report, the global container orchestration market was estimated at $332.7 million in 2018, and is expected to reach $1.38 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026.
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The growing trend of containerization is fueling the utilization of container orchestration tools. For example, based on data from "The New Stack" survey, the adoption of container orchestration technology is a key driver for the expansion of the global container orchestration market. Approximately 60% of those surveyed who have implemented containers in a production environment are also utilizing Kubernetes, a leading container orchestration platform, significantly contributing to the market's growth.
Container technology is experiencing widespread acceptance because it offers an emerging and dependable method to rapidly bundle, deploy, and execute application workloads without the necessity of physically relocating hardware or operating systems. Furthermore, it empowers organizations to establish a self-sustaining runtime and abstracts the complexities of the underlying operating system and hardware. Application container technology securely categorizes applications and allows them to operate concurrently, leading to efficient resource utilization.
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Microservices represent an architectural style that organizes an application into a set of small, autonomous services centered around specific business domains. This approach presents a more contemporary architectural design compared to the traditional monolithic structure, where all application components and functions are tightly integrated into a single entity. Furthermore, microservices architecture addresses the challenges commonly encountered in monolithic applications.
This approach enables the swift, frequent, and dependable delivery of large and intricate applications. Leveraging a container orchestration platform automates the deployment of these containerized microservices, simplifying the management of various application components and microservices. Consequently, the growing adoption of microservices architecture for application development is driving the demand for container orchestration. Kubernetes, a container orchestration system developed by Google, stands out as a preferred choice among developers due to its ability to expedite the transition of applications from development to production.
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Based on region, North America held the major share in 2018, generating more than two-fifths of the global container orchestration market. As major market players that offer advanced container orchestration solutions are present in this region. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 22.2% by 2026. This is due to rise in awareness about cloud computing technology and containerization to enhance resource utilization and benefit from the scalable cloud architecture.
Based on component, the platform segment accounted for nearly three-fourths of the global container orchestration market share in 2018, and is expected to dominate from 2019 to 2026. The rise in adoption of container orchestration platform due to its multiple advantages and availability of open source container orchestration tools are the factors driving the growth of this segment. On the other hand, the services segment would showcase the fastest CAGR of 21.2% by the end of 2026. As these services reduce the time and costs associated with optimizing container orchestration procedures in the initial phase of deployment.
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Based on organization size, the large enterprises segment contributed to more than two-third of the global container orchestration market revenue in 2018, and is anticipated to retain its top status till 2026. As containerization is becoming an important accelerator for large enterprises to continue to be agile at releasing new features and products at scale, and to fulfil the growing business needs.
At the same time, the SMEs segment would cite the fastest CAGR of 21.0% during the study period. This is due to increase in adoption of cloud-based technologies and gradual understanding of the process of container orchestration.
Leading Market Players:
➢ Docker Inc.
➢ Amazon Web Services (AWS)
➢ Google LLC.
➢ Microsoft Corporation
➢ Oracle Corporation
➢ Rancher
➢ RedHat Inc.
➢ SUSE
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