PUBLISHER: Grand View Research | PRODUCT CODE: 1571779
PUBLISHER: Grand View Research | PRODUCT CODE: 1571779
The global application container market size is expected to reach USD 31.50 billion by 2030, according to a new report by Grand View Research, Inc., registering a 32.4% CAGR during the forecast period. Application containerization is used to deploy and run applications without launching separate Virtual Machines (VMs).
VMs and containers have similar resource allocation and isolation advantages; however, containers help virtualize the Operating System (OS) in place of hardware. These solutions are more portable and efficient as compared to VMs owing to the requirement of fewer operating systems and minimum space.
The application container market has also been gaining prominence as a result of increasing adoption of containerization technology, particularly in retail, healthcare, banking and finance, and telecommunication sectors. The banking, financial services, and insurance (BFSI) sector is one of the early adopters of this technology, which offers benefits such as administration ease and cost-effectiveness.
The Docker datacenter is implemented in the banking sector as it provides benefits such as platform portability, higher security and smooth workflow of data, and efficient usage of infrastructure. The BFSI sector has adopted the Docker platform due to the challenging environment of digital disruption, wherein the use of application containers enables improvements in software delivery capabilities.