PUBLISHER: Allied Market Research | PRODUCT CODE: 1365690
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365690
According to a new report published by Allied Market Research, titled, "Containers as a Service Market," The containers as a service market was valued at $2.2 billion in 2022, and is estimated to reach $20.7 billion by 2032, growing at a CAGR of 25.3% from 2023 to 2032.
The increase in demand for flexible and dependable container service solutions is driving the growth of container as a service market. Containers as a service platforms enable companies to deploy and manage containerized applications across different infrastructure environments. Such as public cloud, private cloud, and hybrid environment, CaaS enables organizations to choose the infrastructure that best suits their needs. This flexibility not only allows organizations to leverage existing infrastructure investments, but also provides the flexibility to seamlessly migrate applications between environments, facilitating efficient workload balancing and resource optimization. In addition, the growth in the use of microservices is a significant driver for the containers as a service market.is the major driving factor for the market. Containers as a service platforms enable companies to deploy and manage containerized applications across different infrastructure environments. However, lack of enterprise DevOps culture is a major factor hampering the growth of the market. A DevOps culture emphasizes automation and continuous delivery practices for faster and more reliable software delivery. However, the lack of a DevOps culture hinders the adoption of these practices, which are critical to realizing the full potential of a CaaS platform. Contrarily, increase in adoption of containers as a service in small and medium-scale enterprises presents a significant opportunity for the containers as a service industry. CaaS platforms offer cost-effective solutions for SMEs. They allow organizations to leverage containerization technology without the need for significant upfront investments in infrastructure or expertise. With CaaS, SMEs can access the benefits of containerization, such as resource efficiency and scalability, while paying for only the resources they consume. This cost-effective model enables SMEs to optimize their IT budgets and allocate resources more efficiently.
The containers as a service market is segmented on the basis of service type, deployment model, enterprise size, industry vertical and region. On the basis of service type, it is categorized into monitoring and analytics, security, management and orchestration, storage and networking, training and consulting, and others. By deployment model, it is divided into public cloud, private cloud, and hybrid cloud. By enterprise size, it is bifurcated into large enterprises, and small and medium-sized enterprises. On the basis of industry vertical, it is classified into BFSI, manufacturing, IT and telecom, retail and consumer goods, media, entertainment and gaming, healthcare, government and public sector, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the containers as a service market such as Google LLC, Amazon Web Services, Inc., Cisco Systems, Inc., IBM, Microsoft, Huawei Technologies Co., Ltd., VMware, Inc., Docker Inc., Oracle, and Hewlett Packard Enterprise Development LP. These players have adopted various strategies to increase their market penetration and strengthen their position in the containers as a service market.
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