Press release
Container Orchestration Market Share Growing at 17.2% CAGR Reach USD 1.38 Billion by 2026
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. 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.
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The global container orchestration market size was valued at USD 332.7 million in 2018, and is projected to reach USD 1,382.1 million by 2026, growing at a CAGR of 17.2% from 2019 to 2026.
The global container orchestration market is segmented into component, organization size, industry vertical, and region. Depending on component, the market is bifurcated into platform and services. According to organization size, it is categorized into large enterprises and SMEs. On the basis of industry vertical, it is segregated into BFSI, government, IT & telecom, retail, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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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.
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.
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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.
The key players operating in the global container orchestration market analysis include Amazon Web Services, Inc., Cisco Systems, Inc., D2iQ, Inc., Docker Inc., Google LLC, Microsoft Corporation, Oracle Corporation, Rancher, Red Hat, Inc., and SUSE.
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Key Findings of the Study:
● Depending on component, the platform segment led the container orchestration market, in terms of revenue, in 2018.
● By organization size, the large enterprises accounted for the highest container orchestration market size in 2018.
● Region wise, North America generated the highest revenue in 2018, however, Asia-Pacific is anticipated to exhibit substantial container orchestration market growth during the forecast period.
● Depending on industry vertical, the IT & telecom segment dominated the container orchestration market share.
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