Application Container Market Size, Share, Growth Analysis, By Service(Cloud and on-premise), By Deployment(small and medium enterprises, Large enterprises) - Industry Forecast 2024-2031

Application Container Market size was valued at USD 3.72 billion in 2022 and is poised to grow from USD 4.95 billion in 2023 to USD 48.44 billion by 2031, growing at a CAGR of 33% during the forecast period (2024-2031).

An application container platform aids in creating, upgrading, and distributing multiple solutions on a single OS kernel.  The technology enables the automation of various processes involved in running, monitoring, scaling, scheduling, and upgrading lifecycle management solutions. The application of Container technology can help enterprises improve their core competencies, such as security, network connectivity, customer relationships, and end-to-end services level monitoring. Application infrastructure optimization tools can help end-user organizations save on operating costs by optimizing their infrastructure usage. The recent increasing interest in the Application Container Market is due to the increasing adoption rate of hybrid cloud technology. 

Hybrid cloud computing is a deployment type that uses both private and public cloud solutions. The hybrid cloud computing model allows for a great deal of flexibility when it comes to using the cloud. Organizations can store sensitive and confidential data on remote cloud deployments because these systems are well-suited for this type of storage. Application container technology is growing in popularity over virtual machines, as the increase in adoption of cloud-based computing systems in organizations, and the increasing volumes of data generated by Internet-of-Things devices, are major contributors to the market’s growth. The increasing popularity of smart cities, connected cars, connected healthcare, and connected homes has resulted in a lot of data.

US Application Container Market is poised to grow at a sustainable CAGR for the next forecast year.