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Application Container Market is expected to grow at a CAGR of 32.35% during the forecasted period | Evolve Business Intelligence

11-27-2023 11:18 AM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Application Container Market is expected to grow at a CAGR

As per the study initiated by Evolve Business Intelligence, The global Application Container market size is expected to reach $20.22 Billion by 2028 growing at a CAGR of 32.35% from 2021 to 2028. An application container refers to a lightweight, standalone, and executable software package that encapsulates an application and its dependencies, along with configuration files needed to run efficiently across various computing environments. Containers provide a consistent and isolated environment for applications, ensuring that they can run consistently across different development, testing, and deployment stages. Commonly used containerization platforms, such as Docker, enable developers to package applications and their dependencies into a single container image, making it easy to deploy and scale applications rapidly. Containers offer advantages such as portability, resource efficiency, and faster deployment times, making them a popular technology in modern software development and deployment workflows.
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The Application Container market is primarily driven by the growing demand for agile and scalable software deployment solutions, with containers offering portability, efficiency, and rapid application deployment across diverse computing environments, fostering increased adoption in modern development practices.
Key Players
Some of the major Application Container Market players holding high market shares include Amazon Web Services, Inc., CA Technologies, Docker Inc., Google, Inc., and IBM Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Joyent, Inc., Mesosphere, Inc., Microsoft Corporation, Rancher Labs, Inc., and Red Hat, Inc.
Report Description: https://evolvebi.com/report/application-container-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/
Segmental Analysis
Based on the Deployment Model, the Application Container market is segmented into On-premise, Cloud Based. The dominance of the On-premise segment in the Application Container market is attributed to the specific security and compliance requirements of certain industries, compelling organizations to maintain control over their infrastructure and opt for on-premise containerization solutions.
Based on Organization Size, the Application Container market is Small and Medium-sized Enterprises (SMEs) and large Enterprises. The Application Container market's projected high CAGR in the large Enterprises segment is attributed to the increasing adoption of containerization for efficient application management, rapid deployment, and scalability, aligning with the complex and dynamic infrastructure needs of large-scale enterprise environments.
Based on the Vertical, the Application Container market is segmented into IT & Telecom, Government, Healthcare, BFSI, Retail, and Others. The IT & Telecom segment's dominance in the Application Container market is attributed to the industry's emphasis on rapid software development, deployment agility, and efficient resource utilization, with containers providing a flexible and scalable solution to meet evolving IT and communication infrastructure demands.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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