The global application container market is expected to rise at a CAGR of 31.1% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global application container market is mainly driven by the growing awareness about the benefits of application containers in terms of application runtime and storage space. The global application container market is expected to reach a valuation of USD 4.42 billion by 2023, according to MRFR.Segmentation:
By services, the global application container market is segmented into consulting, container monitoring, container security, container data management, support and maintenance, and others. Container security is likely to remain important in the global application container market over the forecast period, as application containers naturally provide lower levels of security than traditional virtual machines.
By organization size, Container Application Market is segmented into large enterprise, and SMEs.
By deployment model, the market is segmented into cloud and on-premise. Cloud deployment is likely to become increasingly popular in the global application container market over the forecast period.
By vertical, the market is segmented into BFSI, healthcare & life sciences, telecommunication and IT, media & entertainment, education, and others.
Regional Analysis:
North America is likely to hold a leading share in the global application container market over the forecast period due to the widespread use of application containers and the presence of leading application container service providers and startups in the region. North America has had an early mover advantage in the global application container market, as leading firms in the region have been quick to update their operations to fit the needs of the day. The growing demand for microservices and DevOps in North America is also likely to be a major driver for the application container market in the region over the forecast period.
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