The global Application
Container market is forecast to reach USD 9.84 Billion by 2026,
according to a new report by Reports and Data. The rise in interest in the application
container market is due to the adoption of hybrid cloud technology.
Cloud computing vendors offer multitenancy services, which
provide a single set of software application to more than one customer at the
same time. The multitenancy cloud environment offers enterprises to reduce the
cost of running technology by sharing information technology resources.
The rapid adoption in the internet of things (IoT) is also
fueling market growth. The growth in the number of connected devices is
generating large blocks of information. Smart cities, connected healthcare,
connected homes, and connected cars, among others, are gaining popularity.
Industries such as manufacturing, utility, automotive, retail, and social
media, are deploying the Internet of Things (IoT) for the rising volume of data
transfer.
It is a relatively new and quickly growing technology among
the IT enterprises whose introduction is leading to change and instability.
Another restraining factor is the dearth of skilled professionals who can understand
and work with the technology.
To identify the key trends in the industry, click on the
link below:
Further key findings from the report suggest
Ø Organizations
maintain their data over the cloud and have complete control over processes
such as processing, maintenance, scheduling, and administration. High cost and
capital expenses related to the development and maintenance of on-premises
infrastructure is also increasing the adoption of cloud deployment. The cloud
deployment type is forecasted to grow with a CAGR of 23.9% during the forecast
period.
Ø Small
and medium-sized organization are switching to multitenancy architecture to
reduce the IT maintenance cost and achieve economies of scale. Multitenancy
architecture offers an advanced version of software and enterprises and has no
need to invest any extra amount in upgrading their infrastructure of
information technology. SMEs held a market share of 32.7% of the market share
in the year 2018.
Ø One
of the early adopters of application container technology is banking, financial
services, and insurance (BFSI) sector. The technology not only helps in
transforming legacy applications but also facilitates speedy app development,
rollouts, and testing by simplifying backend integration. BFSI sector held the
largest market share of 34.7% in the year 2018.
Ø The
data management and orchestration segment is forecasted to hold a market share
of 32.33% in the year 2026 due to their ability to manage and deploy data
quickly.
Ø North
America held the largest market share of 35.3% in 2018. Early adoption of
technology in the region, high startup ecosystem, and high application of cloud
is driving the market in the region.
Ø Singapore
government’s digital services team at GoVTech is using Nectar for the
development of building applications. Nectar stands for Next-generation
Container Architecture and is used as a code name for on-premises
Platform-as-a-Service (PaaS).
Ø The
advent of DevOps and its rising trend in developed regions such as North
America is driving the application container market in the region.
Ø Key
participants Amazon Web Series, Inc., Cisco Systems, Inc., CA Technologies,
Docker Inc., Google Inc., IBM Corporation, Microsoft Corporation, Red Hat,
Inc., Rancher Labs, Inc., and Joyent Inc., among others.
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For the purpose of
this report, Reports and Data have segmented into the global application
container market on the basis of services, deployment type, organization size,
applications, and region:
Services Outlook (Revenue, USD Billion; 2016-2026)
- Monitoring
& Security
- Data
Management & Orchestration
- Networking
- Support
& Maintenance
- Other
Consulting Services
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
- Cloud
- On-Premises
Organization Size Outlook (Revenue, USD Billion;
2016-2026)
- Small
and Medium Sized Enterprises
- Large
Enterprises
Application Outlook (Revenue, USD Billion; 2016-2026)
- BFSI
- Healthcare
- Telecommunication
and IT
- Retail
and e-commerce
- Media
and Entertainment
- Others
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
Read More Report of Information and communication Technology category
at: https://www.reportsanddata.com/report/category/information-technology
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