The Europe Container Security Market would witness market growth of 22.6% CAGR during the forecast period (2021-2027).
The development in adoption of microservices and digital transformation among companies, as well as the existence of a large number of open-source vendors supplying container platforms internationally, are significant drivers influencing container security industry trends. However, among small and medium-sized businesses, a lack of understanding of container technologies and security, combined with a limited security budget, is serving as a key obstacle to early adoption, slowing the market's growth. Increased vulnerability and cybersecurity to support container security platforms, as well as a spike in use of cloud-based containers in key sectors, are expected to present lucrative prospects for container security industry development throughout the projected period.
Currently, the progress of containers has reached a point where cloud suppliers can provide business clients with a complete container management solution. IT teams are required to deliver just container images with the aid of containerization technology, with the management platform handling the rest. It addresses complex topics including containerized workload security, monitoring, orchestration, resource management, storage and networking, and life cycle management. Public and private companies are increasingly implementing container security solutions on various cloud and on-premises infrastructures in response to the growing requirement to protect container applications from attacks and vulnerabilities.
Many businesses in Europe are looking for commercial solutions and suppliers that can help them adopt Kubernetes container technology and build additional service layers on top. For historical migrations and managed services utilising containers, many firms resort to hyperscalers for a comprehensive set of infrastructure and particular Kubernetes tools, while others turn to conventional IT service providers and worldwide system integrators.
Organizations are using a variety of cloud solutions, according to Palo Alto Networks. Hybrid environments are now the norm, according to the company's research: 52 percent of workloads are housed on public cloud infrastructure, as compared to 48 percent on private servers. Well over nine out of 10 businesses today use several cloud platforms.
The Germany market dominated the Europe Container Security Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $239.3 Million by 2027. The UK market is anticipated to grow at a CAGR of 21.6% during (2021 - 2027). Additionally, The France market would display a CAGR of 23.5% during (2021 - 2027).
Based on Component, the market is segmented into Products and Services. Based on Services Type, the market is segmented into Professional Services and Managed Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Retail, IT & Telecom, Manufacturing, Healthcare, Government and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Container Security Market Size will Hit $3.9 Billion by 2027, at a CAGR of 23.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., VMware, Inc., Palo Alto Networks, Inc., IBM Corporation, Microsoft Corporation, Juniper Networks, Inc., Google LLC, Amazon.com, Inc., Rapid7, Inc., and Crowdstrike Holdings, Inc.
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