Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Application Container Market size is expected to reach $12 billion by 2028, rising at a market growth of 33.1% CAGR during the forecast period.
The Cloud market is poised to grow at a CAGR of 35.5% during (2022 - 2028). It is due to the rising private and public hybrid cloud technology usage. Enterprises may scale and run these solutions over the cloud with the use of orchestration engines, such as Kubernetes. For instance, once constructed, cloud containers provide improved portability and may be instantly deployed onto many hosts.
The Large Enterprises market is leading the Global Application Container Market by Organization Size in 2021; thereby, achieving a market value of $8.0 billion by 2028. It is because large businesses can adopt technology because of its sturdy structure, strong Research and development abilities, and accessibility of higher budgets. These advantages include cost-effectiveness, simplicity in architecture, and ease of management and administration.
The BFSI market is estimated to grow at a CAGR of 33.4% during (2022 - 2028). It is due to the Omni channel strategy and the trends of moving to a cloud environment are the primary factors promoting the growth of application container services in the BFSI vertical. According to estimates, all industries are seeing an increase in demand for application container services. The need for application has included is also projected to be rising as cloud transformation has emerged as one of the essential components of modern business strategies.
The North America market dominated the Global Application Container Market by Region in 2021; thereby, achieving a market value of $4.3 billion by 2028. The Europe market is experiencing a CAGR of 32.6% during (2022 - 2028). Additionally, The Asia Pacific market is exhibiting a CAGR of 33.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC, IBM Corporation, SAP SE, Microsoft Corporation, Broadcom, Inc. (CA Technologies), Rancher Labs, Inc. (SUSE SE), Joyent, Inc. (Samsung Group), Docker, Inc. (Mirantis), D2iQ
By Deployment Model
By Organization Size
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