Application Container Market: Growing at 31.8% CAGR to Hit USD 8,202 Million | Growth, Share

According to the report published by Allied Market Research, the global application container market was estimated at $698 million in 2016 and is anticipated to hit $8.20 billion by 2025, registering a CAGR of 31.8% from 2018 to 2025. The report provides a detailed analysis of the top investment pockets, top winning stratagems, drivers & opportunities, market size & estimations, competitive landscape, and fluctuating market trends.

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The rise in the popularity of application container technology over virtual machines, the surge in the adoption of cloud-based computing systems in organizations, and the rise in the trend of the 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.

Based on the deployment model, the on-premise segment dominated the global market in 2016 and is expected to continue this trend during the forecast period, owing to the high adoption of on-premise application containers among the heavily regulated industries due to the need to control data and document processes. Furthermore, the cloud segment is expected to grow at the highest CAGR during the forecast period, owing to a rise in the adoption of a hybrid cloud computing model among the end users, which uses a blend of public and private cloud solutions.

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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 an increase in awareness about application container technology is decreasing the adoption of other cloud tools such as OpenStack, PaaS, and other offerings.

The cloud segment is expected to grow at the highest CAGR during the forecast period, due to factors such as a rise in use of multitenancy & cloud management platforms, an increase in investment in application container technology by SMEs, a major shift towards cloud computing, and virtualization.

The outbreak of COVID 19 is likely to augment the demand for productivity applications as the remote workforce swells up. Collaborative application vendors are looking forward to making minor adjustments and doling out the premium version through a minimum price subscription model. Overall, the global application container market is expected to will pose only marginal growth.

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The cloud segment, on the other hand, is projected to manifest the fastest CAGR by the end of 2025. By industry vertical, the IT & telecom segment held the largest share in 2016, and is anticipated to lead the trail till 2025. By geography, North America appeared to be the major shareholder in 2016, and would maintain its top status from 2018 to 2025.

The key market players analyzed in the global application container market report include CA Technologies, Red Hat, Inc., Mesosphere, Inc., Google, Inc., Docker Inc., IBM Corporation, Joyent, Inc., Microsoft Corporation, Rancher Labs, Inc., and Amazon Web Services, Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.

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