Global Application Container Market

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

Report ID: SQMIG45E2082 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 60 | Figures: 75

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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).

Technology launches, acquisitions, and collaborations are important strategies used by players in the Application Containers market. R&D activities are also important, as new applications and technologies are being developed to meet the needs of customers. 'Docker Inc.', 'Google Inc.', 'Amazon Web Services Inc.', 'Microsoft Corporation', 'IBM Corporation', 'Red Hat Inc.', 'VMware Inc.', 'Oracle Corporation', 'Joyent Inc.', 'Mesosphere Inc.', 'CoreOS Inc.', 'Rancher Labs Inc.', 'Portworx Inc.', 'Twistlock Ltd.', 'Sysdig Inc.', 'Aqua Security Software Ltd.', 'Weaveworks Ltd.', 'Nginx Inc.', 'Kontena Inc.', 'JFrog Ltd.'

Enterprises need to coordinate their activities in order to grow and respond to the increase in competition. This can be completed only by accepting the latest technologies and developing and delivering modern applications. The presence of legacy environments hampers technological adaptations and requires transformations at the application, platform, and technology levels. Application containers help speed up the application development process by minimizing the testing time and reducing the complexities of testing processes. This results in greater agility. In addition to this, container orchestration streamlines the deployment of applications in various environments, such as physical or virtual and public, private, or hybrid cloud infrastructures. A competitive advantage can be beneficial to enterprises, resulting in increased efficiency and reduced application-related costs.

The application container market is an increasing trend of internet of things among end users. The Continuous increase in volume of data generated by the effect of the internet of things is increasing the market for application containers. Application containers help support all the features required to run an application on resource constraints in IoT devices. They are portable, efficient, and allow quick application deployment and fast application scaling.

North America accounted for a revenue share of over 35.0% in 2021. The US contributed significantly to regional market revenue due to the aggressive adoption of cloud-native technologies by vendors and their collaboration with other technology providers. For example, in May 2018, Google, Inc. partnered with NetApp, a hybrid cloud data service provider, for cloud-native and high-performance storage capabilities. In February 2018, Red Hat, Inc. announced a partnership with Atos Managed OpenShift (AMOS) to deliver a new, fully-managed cloud solution. This new solution will allow businesses to more easily and quickly deploy and manage their applications in the cloud.

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