Application Containers Market - Forecast(2024 - 2030)

Application Containers Market size was valued at $1.38 billion in 2019, and it is estimated to grow at a CAGR of 15.82% during 2020-2025. The growth is majorly driven by the efforts put to develop advanced technologies of application containers such as cloud hosting, container hosting and other container apps. Further the growing emphasis towards applications such as micro services, hybrid cloud is also set to propel the market growth in the future.

The report: “Application Containers Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Application Containers Market. 

By Type: Fenced Virtual, Virtual Secure Gateway (VSG), Application Centric Infrastructure Controller (APIC) Container, Fabric

By Components: VMware Virtual Machine, Hyper V Virtual Machine, Base Metal Servers.

By Technology Tools: Container Runtimes, Cluster Management and Deployment, Storage Containers, Container Security, Operating Systems, LXC (Linux Containers), Container Monitoring, Container Networking, Container Orchestration, Windows Server Containers, Java Containers, Others.

By Deployment: Cloud Based (Private Cloud, Public Cloud); On-Premises.

By Organization Size: Small Scale Enterprises, Medium Scale Enterprises, Large Scale Enterprises.

By Applications: Production, Collaboration & Modernizing Traditional Apps, Hybrid Cloud, Continuous Integration and Deployment, Micro Services, Layered File Systems, Others.

By End Users: BFSI ((Banking (Investment Banking, Commercial Banking, Corporate Banking, Others), Financial Services (Payment Gateways, Stock-Broking, Others), Insurance); IT & Telecom (Software Industries, Mobile Networks, Internet, Others), Healthcare (Pharmaceutical Services, Hospitals), Education (Schools, Colleges, Universities, Others), Retail (Departmental Stores, Warehouse Stores, Malls, Others), Ecommerce, Media and Entertainment, Transportation, Travel and Hospitality, Others.

By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa).

Cloud deployment held the major share of 62.83% in 2019. Cloud based deployment mode is more preferred for mobile and web application security and this is poised to drive the market growth. Cloud deployment provides greater flexibility and offer much less in the means of customization when compared to on-premises. This drives the cloud based deployment of Application Containers.

BFSI is the fastest growing segment in Application Containers market and estimated to grow at a CAGR of 16.25% during forecast period 2020-2025. The growth is mainly attributed to the Omni channel approach and the trend of shifting towards cloud environment. This sector is one of the early adopters of application containers technology which offers benefits such as administration ease and cost effectiveness. Implementation of the Docker in the banking sector provides benefits such as platform portability, higher security and smooth workflow of data, and efficient usage of infrastructure which creates opportunities for the market growth.

North America dominated the Application Containers market in 2019 with a market share of 35.82%, followed by Europe and APAC owing to the presence of large number of players. In addition to these, high adoption of advanced technologies in industries which drives the market growth. High investments in adoption and development of advanced versions of application containers set to drive the market in this region.

Adoption of Internet of Things (IoT) in various organizations set to drive the application containers market. Multiple organizations across the globe are rapidly implementing IoT technology. Application containers offer features, such as the ability to migrate applications between IoT devices, enable application sign-ups and switch to different hosts, offer easy application upgrades, and provide simplicity and faster configuration, which are all well-suited for IoT technology. Many IoT devices lack powerful computing and memory resources. Their ability to process software updates is therefore limited. Containers can help on this front because installing a new container image does not require much computing power and this drives the market growth.

Application containers are less overhead and they require less system resources than traditional or hardware virtual environments as they don’t include operating system images. Applications that run in containers can be deployed easily to multiple different operating systems and hardware platforms. They have greater efficiency by allowing applications to be more rapidly deployed, patched and scaled. This pushes the market growth.

Security risks associated with the application container technology is set to hamper the market growth. One of the major drawback associated with application container is security. Compared to a traditional stack, Containers need multi-level security as they have multiple layers. Application containers cannot isolate from the host operating system, as they share the same host operating system as the other containers. There is a chance that if a hacker gains access to the host operating system, it can breach the security of other containers as well which restricts the market growth.

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Application Containers market. Application Containers top 10 companies include IBM, Amazon Web Services, Microsoft, Google, VMware, Lola, Altexsoft, Tradeshift, Advito, Cisco and others.