PUBLISHER: KBV Research | PRODUCT CODE: 1529354
PUBLISHER: KBV Research | PRODUCT CODE: 1529354
The Europe Container Orchestration Market would witness market growth of 17.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Container Orchestration Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $167.1 million by 2031. The UK market is exhibiting a CAGR of 16.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 18.2% during (2024 - 2031).
CI/CD pipelines automate the process of testing, building, and deploying software applications. Container orchestration platforms integrate seamlessly with CI/CD tools, allowing organizations to automate containerized application deployment across development, testing, and production environments. This increases software delivery speed, enhances reliability, and ensures consistency in application deployments. DevOps teams can achieve faster time-to-market for new features and updates.
Cloud-native applications leverage cloud computing principles such as scalability, resilience, and elasticity. Container orchestration platforms are fundamental in building and managing cloud-native applications that can run efficiently across hybrid and multi-cloud environments. They optimize resource utilization, enhance flexibility in scaling applications, and support dynamic workload management. Organizations benefit from reduced operational costs and improved performance.
French banks' investments, innovation, and leading role in the fintech ecosystem make them the natural leaders of the digital financial movement in France. 95% of French people consult their bank's website or use their banking app. As digital banking services expand across Europe, BFSI institutions require scalable IT infrastructure to support applications such as online banking, mobile payments, and digital wallets. Container orchestration enables BFSI companies to scale their digital services dynamically, ensuring high availability and performance during peak usage.
European BFSI organizations increasingly adopt microservices architectures to enhance agility and facilitate rapid application development. Container orchestration platforms support microservices' deployment, management, and scaling, enabling BFSI firms to innovate faster and deliver customer-centric financial services. In conclusion, the expansion of the BFSI sector in Europe is driving the market's growth.
Based on Component, the market is segmented into Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Government, Retail, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Container Orchestration Market Report Segmentation
By Component
By Organization Size
By Vertical
By Country