The Europe Containers as a Service Market would witness market growth of 23.0% CAGR during the forecast period (2022-2028).
The BFSI vertical handles sensitive customer information, like card details, account numbers, and transaction passwords, and must protect it at all costs. To comply with regulatory obligations, customer information must be accessible, secure, and kept longer. To fulfill the expanding regulatory requirements of the financial industry, traditional enterprises in the BFSI vertical must use cutting-edge technologies. Hence, the BFSI sector is accelerating its usage of cloud-based container services and is anticipated to adhere to stringent security standards to safeguard critical data.
The market is impacted by a rise in demand for the services amongst businesses seeking to reduce shipment time due to hosted applications, along with the popularity of the services due to their small weight and ability to facilitate rapid delivery. Moreover, significant digitalization, a boost in demand for services with greater flexibility than on-premises containers, and a trend to server-less architecture are all positive for the containers as a service business.
The rising use of web applications & services, along with the increasing availability of wireless devices like smartphones, other smart gadgets, and associated applications, are driving the expansion of the United Kingdom’s IT services in a substantial way. Significant investments have been made in a variety of IT solutions in the United Kingdom, with the widespread adoption of software-as-a-service (SaaS) and a surge in cloud-based products reflecting the growing demand for IT services. Moreover, digital transformation & automation are on the rise in the region, which is driving demand for IT services. In light of all this, the containers as a service market will witness upsurge in the region.
The Germany market dominated the Europe Containers as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $464.2 million by 2028. The UK market is anticipated to grow at a CAGR of 22% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 23.9% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises (SMEs). Based on Service Type, the market is segmented into Management & Orchestration, Storage & Networking, Continuous Integration & Continuous Deployment (CI/CD), Monitoring & Analytics, Security, Training & Consulting and Support & Maintenance. Based on Deployment Model, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Travel & Hospitality, Healthcare, Manufacturing, Media, Entertainment & Gaming, Transportation & Logistics, Retail & Consumer Goods and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Containers as a Service Market is Projected to reach USD 6.9 Billion by 2028, at a CAGR of 23.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet, Inc.), Microsoft Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cisco Systems, Inc., Docker, Inc. (Mirantis) and VMware, Inc.
By Organization Size
By Service Type
By Deployment Model
By Vertical
By Country
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