Americas Container Technology Market Soaring at 35%CAGR During the Period 2017 - 2024)

MaketStudyReport.com adds a New Americas Container Technology Market Research Report for the period of 2017 - 2024 that shows the growth of the market is rising at 2024.
Americas Container Technology Market will cross USD 3.5 billion by 2024, according to a new research report.
Consistent innovations performed by key players developing container solutions to effectively manage and run applications belonging to distinct computing platforms within containers will fuel the regional demand. By introducing new features for different functions such as data management and data security, organizations are enhancing the utility of their container solutions. Additionally, aggressive expansion by cloud service providers in Latin America to strengthen their presence and product portfolio in emerging markets such as Brazil, Mexico and Argentina, is also majorly assisting the growth of the Americas container technology market. However, factors such as low quality of broadband internet and lack of robust privacy and data security infrastructure in Latin America can restrain the market growth to some extent during the timeline.
Large scale adoption of Docker technology that enables efficient OS-level virtualization of applications along with their run-time environment will fuel sales across the segment. Increasing support provided by key cloud service providers, to ensure compatibility across diverse cloud platforms will be instrumental in the Americas container technology demand for the rkt segment.
Container data management applications will benefit from increasing deployment of heavy workloads through containerization in the region, giving rise to the need to efficiently manage the associated data. Container security application is projected to witness growth owing to growing concerns associated with protecting mission critical data encapsulated inside containers. Similarly, in Latin America, Container data management application will dominate the market during the timeline, whereas, container security application will exhibit high growth.
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Enterprises in North America have invested heavily on their on-premise computing infrastructure which they will utilize optimally over the timeline. The industry will exhibit large scale adoption of cloud computing platforms and solutions by enterprises in this region to accommodate their growing need of modern infrastructure for scaling their operations. In the Latin America container technology market, on-premise deployment model will hold the most significant share by 2024 owing to the reluctance of enterprises which are used to using traditional in-house infrastructure for their computing and storage needs.
Organizations operating in banking and insurance sectors demand effective virtualization solutions to manage their rapidly increasing compute processes and storage needs. Telecom and IT applications reap various benefits from employing the technology since it enables better customer service.
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Growth drivers:
Increase in the use of microservices
Adoption of containers in Latin American countries
Adoption of containers for DevOps workflows
Industry pitfalls & challenges
Lack of trained professionals
Enforcing organizational controls and policies in North America
Americas Container Technology Market, By Technology: Docker, Rkt, Containerd, LXC & LXD, FreeBSD Jails, Others.
Americas Container Technology Market, By Application: Container Networking, Container Monitoring, Container Provisioning, Container Data Management, Container Security.
Americas Container Technology Market, By Deployment Model: On-premise and Cloud.
Americas Container Technology Market, By End-use: BFSI, Healthcare, Government, Retail, Education, Media and Entertainment, Others.
The above information is provided on a country basis for the following:
North America: U.S., Canada.
Latin America: Brazil, Mexico, Argentina, Colombia, Chile.
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U.S. will dominate the container technology market throughout the forecast timeframe due to the availability of advanced ICT infrastructure in the region, consistent research and development activities performed by the technology providers and an extensive cloud network established by major cloud service providers. Moreover, Canada will have strong growth in the region due to growing inclination of enterprises towards migrating to cloud platforms for application processing and storage requirements. In Latin America, Brazil is expected to dominate the market with major players in the cloud and data center industry shifting their focus towards the country for strategic expansion into Latin America. Mexico is expected to emerge as the second fastest growing market for container technology in the region due to increasing awareness related to cloud computing by SMEs operating in the country.
The Americas container technology market is expected to register promising growth during the forecast period with major players characterizing the growth of the regional and in turn, the global market by advancing the technology in terms of integrating container solutions and orchestration tools with diverse cloud platforms and offering better cloud infrastructure in emerging markets in Latin America. Government in Latin American countries such as Colombia and Argentina are accelerating adoption of cloud technology by creating a favorable atmosphere for global providers to establish cloud centers in their countries and at the same time, encouraging local enterprises of alls to use cloud platforms for cost-effectively managing their application workloads.
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