Application Container Market 2021 Industry Share, Growth, Trend and Forecast
Posted by mahavir mete on May 12th, 2021
The application container market is expected to exhibit a strong 31.1% CAGR 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 expected to rise to a valuation of USD 4.42 billion by 2023, according to the report. The market was valued at USD 0.89 billion in 2017.
Application containers comprise an OS-level virtualization method used to install and run distributed applications without initiating complete virtual machines for each application. Application counters can run on cloud, bare metal systems, and virtual machines across various operating systems such as Linux, Windows, and Mac OS. Application containers include various runtime components, including files, libraries, and environment variables essential to running the respective software. The data in application containers is stored on hosts in the form of images.
The major driver for the application container market is the resource consumption of application containers, which is much less as compared to virtual machines running a comparable deployment. Application containers can share resources without loading complete virtual machines for each app. This leads to considerably lower resource consumption than virtual machines running a comparable task. This leads to faster setup times as well as considerably higher agility in running operations. This has led to many companies adopting application containers in place of virtual machines in recent years. While virtual machines take several minutes to boot up the OS and run applications, application containers can run these operations instantly. This has been a major driver for the application container market over the last few years.
The size of application counters is also a major driver for the application counter market. While virtual machines with an OS can measure up to several gigabytes, application containers can be stored in around 10 megabytes. This is a considerable difference in size and has led to application counters becoming more popular among users as compared to virtual machines.
Leading players in the application container market include Cisco Systems Inc., Red Hat Inc., Weaveworks, Mesosphere Inc., Joyent Inc., Apprenda Inc., Oracle Corporation, VMware Inc., Google LLC, Microsoft Corporation, AWS Inc., and IBM Corporation. Major players in the global application container market are likely to focus on mergers and acquisitions in the coming years in order to sustain themselves in the competitive environment.
In January 2018, Red Hat Inc. completed an agreement to acquire CoreOS Inc. With this acquisition, the company improved its capability in helping customers build, run, and manage containerized applications in hybrid and multicloud environments.
The global application container market is segmented on the basis of service, organization size, deployment model, vertical, and region.
By service, the global application container market is segmented into consulting, container monitoring, container security, container data management, support and maintenance, and others.
By organization size, the global application container market is segmented into large enterprises and small and midsized enterprises (SMEs).
By deployment model, the global application container market is segmented into cloud and on-premise.
By vertical, the market is segmented into BFSI, healthcare and life sciences, telecommunications and IT, media and entertainment, education, and others.
North America is estimated to account for the largest market share in the global application container market over the forecast period. North America is home to several key market players and startups, which utilize application containers in large volume. The widespread demand for advanced technology in North America is also a major driver for the application container market in North America. Networking and software development is a major industry in North America, leading to widespread demand for application containers. Europe is also a major regional market for application containers and is likely to retain an important share in the global market over the forecast period.
Asia Pacific is expected to grow at the highest CAGR over the forecast period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/application-container-market-6582
Major Key Points in Table of Content
12.1. IBM Corporation
12.1.1. Company Overview
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About the Authormahavir mete
Joined: April 27th, 2021
Articles Posted: 67
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