\ Application Container Market Worth 4.98 Billion USD by 2023
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Application Container Market Worth 4.98 Billion USD by 2023

 

May 17, 2018 --

PUNE, India, May 17, 2018 /PRNewswire/ --

According to a new market research report "Application Container Market by Service (Container Monitoring, Security, Data Management, Networking, Orchestration), Platform (Docker, Kubernetes), Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is estimated to be USD 1.20 Billion in 2018 and expected to reach USD 4.98 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.

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Browse 75 market data Tables and 49 Figures spread through 178 Pages and in-depth TOC on "Application Container Market"

https://www.marketsandmarkets.com/Market-Reports/application-container-market-182079587.html

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The growth of the Video Analytics Market is driven by many factors, such as disadvantages of manual video analysis, enterprises' The major factors driving the growth of the Application Container Market include the growing need for business agility and faster time to market, and large-scale modernization of existing business-critical applications.

The modernization segment is estimated to account for the largest market share in 2018 

The modernization segment is estimated to account for the largest market share in 2018. All the leading organizations are in the process of modernizing their legacy applications. Legacy applications are usually 5-20 years old with more rigid application environments and hinder innovations in an organization's ecosystem. Containers isolate applications from the underlying infrastructure services and reduce the complexity of dealing with old legacy platforms and their portability. The application container technology enables organizations to develop their business applications at a faster rate and reduce the maintenance costs of managing their applications.

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The BFSI vertical is expected to grow at a higher rate during the forecast period 

The BFSI vertical depends upon various legacy applications. This vertical is in the phase of modernizing their legacy applications and incorporating various new and advanced technologies in their business applications. The application container technology not only helps in transforming legacy applications, but also simplifies backend integration and facilitates speedy app development, testing, and rollouts. Changes in banking regulations and the omnichannel approach to enhance customer services are expected to drive the application container services in the BFSI vertical.

North America is expected to account for the largest market share during the forecast period 

North America is expected to account for the largest market share during the forecast period. The region is one of the early users of the application container technology. The technological adoption in this region is high. Moreover, this region comprises a dense startup ecosystem, and all the leading cloud service providers are from this region. Trends, such as microservices and DevOps are in high demand in this region creating a favorable environment for the growth of the Application Container Market.

The major vendors covered in the Application Container Market include IBM (US), AWS (US), Microsoft (US), Google (US), VMware (US), Apprenda (US), Joyent (US), Rancher Labs (US), SUSE (Germany), Sysdig (US), Jelastic (US), Kontena (Finland), Mesosphere (US), Puppet (US), Twistlock (US), Weaveworks (UK), CA Technologies (US), Oracle (US), Nimble Storage (US), BlueData (US), Apcera (US), Cisco (US), Red Hat (US), Docker (US), and Portworx (US).

Know more about the Application Container Market: 

https://www.marketsandmarkets.com/Market-Reports/application-container-market-182079587.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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