PUBLISHER: The Business Research Company | PRODUCT CODE: 1409323
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409323
“Container as a Service Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on container as a service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for container as a service? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The container as a service market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Container as a Service (CaaS) is a cloud computing model that offers a platform for deploying, managing, and scaling container-based applications. This model empowers software developers and IT organizations to leverage container-based virtualization for the seamless uploading, organization, operation, scaling, management, and cessation of containers.
The primary service categories provided by Container as a Service include management and orchestration, security, monitoring and analytics, storage and networking, continuous integration and continuous deployment, as well as training and consulting, and support and maintenance services. Management and orchestration involve the automated configuration, administration, and coordination of software applications, programs, and services. These services can be deployed across various cloud models, including public cloud, private cloud, and hybrid cloud configurations, catering to both small and medium-sized enterprises as well as large enterprises. Applications of CaaS span diverse sectors, including banking, financial services, insurance (BFSI), healthcare, education, and others.
The container as a service market research report is one of a series of new reports from The Business Research Company that provides container as a service market statistics, including container as a service industry global market size, regional shares, competitors with a container as a service market share, detailed container as a service market segments, market trends and opportunities, and any further data you may need to thrive in the container as a service industry. This container as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The container as a service market size has grown exponentially in recent years. It will grow from $2.53 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The expansion observed during the historic period can be attributed to the rise of microservices architecture, increased demand for application portability, improved efficiency in resource utilization, cost savings, and enhanced resource efficiency, along with the standardization of deployment processes. These factors collectively contributed to the growth and development of containerization during that timeframe.
The container as a service market size is expected to see exponential growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 30.1%. The anticipated growth in the forecast period can be attributed to initiatives in application modernization, a heightened focus on container security, increased integration with CI/CD (Continuous Integration/Continuous Deployment) pipelines, the prevalence of microservices architecture, and the dominance of Kubernetes in container orchestration. Major trends expected during this period encompass the integration of edge computing, the adoption of multi-cloud deployment strategies, the use of container-native development tools, the integration of DevOps practices, and the emphasis on automation and infrastructure as code. These factors are poised to shape and influence the trajectory of containerization in the upcoming forecast period.
The increasing adoption of hybrid cloud models is anticipated to drive the expansion of the container as a service market in the foreseeable future. A hybrid cloud model amalgamates on-premises infrastructure with public and/or private cloud services, empowering companies to seamlessly shift workloads between on-premises and cloud setups or leverage additional cloud resources. Employing container as a service (CaaS) within a hybrid cloud framework offers companies the advantage of flexibility and scalability from cloud infrastructure while maintaining control over their on-premises setup. This approach aids enterprises in optimizing resource consumption, cost savings, and bolstering agility and scalability. According to Global Hybrid Cloud Trends, a survey conducted among 2,500 IT leaders specializing in cloud computing, DevOps, and enterprising networks with 451 Research by Cisco, a staggering 82% of IT executives reported using hybrid cloud solutions. Moreover, nearly half (47%) of these businesses are employing two to three public Infrastructure as a Service (IaaS) clouds, while only 8% utilize more than one public IaaS cloud provider. Thus, the upward trajectory of hybrid cloud adoption will propel the container as a service market.
The increased embrace of DevOps practices is set to propel the growth of the container as a service market in the coming years. DevOps represents a software development methodology emphasizing collaboration and communication between development and IT operations teams, aiming to enhance software delivery speed and quality. Container as a service (CaaS) solutions serve as a foundational element for shared productivity, facilitating efficient container deployment, orchestration, and automation. They foster collaboration and best practices, thereby enabling successful implementation of DevOps methodologies. As reported by InfoSec Institute, a technology training company based in the US, infrastructure automation tools are predicted to become part of 60% of firms' DevOps toolchains by 2023, resulting in a 25% upsurge in application deployment effectiveness. Additionally, 56% of operations team members have noted significant automation, marking a 10% increase from 2021. Hence, the accelerated adoption of DevOps practices is a driving force behind the expansion of the container as a service market.
Technological advancements emerge as a prominent trend shaping the container as a service market. Leading companies within this market segment are fervently engaged in developing cutting-edge technologies to fortify their market positions. For example, in March 2023, Huawei Technologies, a China-based technology corporation, introduced the industry's inaugural dual-engine container solution. Engineered to construct a carrier-grade, fully converged telco cloud foundation, this solution aims to enhance network performance, reliability, and facilitate the transition towards a 5.5G future. The solution allows operators to adapt containers within their existing networks through capacity extension instead of deploying entirely new infrastructures. It supports both Virtual Machines (VMs) and containers conforming to ETSI standards, enabling resource sharing and expediting time-to-market while ensuring tight integration.
Prominent companies within the container as a service (CaaS) market are strategically focused on introducing cutting-edge CaaS initiatives, notably CaaS as a cloud service portfolio, to secure a competitive advantage in the market. CaaS as a cloud service encompasses a cloud-based offering designed to facilitate software developers and IT departments in the uploading, organization, execution, scaling, management, and termination of containers via container-based virtualization. For instance, in October 2022, Fujitsu Limited, a technology corporation based in Japan, unveiled Fujitsu Computing as a Service (CaaS) in Japan, introducing a service portfolio enabling customer access to leading-edge computing technologies through the public cloud. This new suite of cloud services by Fujitsu comprises 'Fujitsu CaaS HPC' and 'Fujitsu Digital Annealer,' tailored for the creation and execution of simulations, artificial intelligence (AI) tools, and combinatorial optimization software. Additionally, Fujitsu CaaS Technical Consulting Services are launched, aimed at aiding clients in selecting the optimal environment based on their applications' features and the speed at which they can enhance them.
In July 2021, International Business Machines Corporation (IBM), a US-based company specializing in cloud container services, completed the acquisition of BoxBoat Technologies for an undisclosed sum. This strategic acquisition further bolsters IBM's advancement in the realm of hybrid cloud methodologies through BoxBoat Technologies, expanding its spectrum of implementation services. BoxBoat Technologies significantly contributes to IBM's sustained investment in hybrid cloud services, furthering advancements within the cloud professional services domain. This strategic move by IBM underlines its unwavering dedication to facilitating successful cloud transitions for its customers. BoxBoat Technologies, a US-based services company, specializes in engagements pertaining to containers, DevOps, continuous delivery, and cloud migration.
Major companies operating in the container as a service market report are Cisco Systems Inc., International Business Machines Corp., Amazon Web Services Inc., Google LLC, Microsoft Corporation, Docker Inc., CoreOS LLC, Dh2i Co., Giant Swarm GmbH, Hewlett Packard Enterprise Company, Oracle Corporation, SUSE SA, VMware Inc., Red Hat Inc., Tata Communications International Pte Ltd., Alibaba Cloud Computing Beijing Co Ltd., DXC Technology Co., Rancher Labs Inc., Mesosphere Inc., Mirantis Inc., VMware, Palo Alto Networks Inc., Joyent Inc., Jelastic Inc., Kontena Inc., OpenAI Inc., Weaveworks, NuoDB Inc., Portworx Inc., Sysdig Inc., Kasten Inc., Shippable Inc., Oracle Wercker, Cloud 66 Ltd. .
North America was the largest region in the container as a service market in 2023. The regions covered in the container as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the container as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The container as a service market consists of revenues earned by entities by providing container management, scheduling capabilities, and load balancing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.