In a recent published report, Kenneth Research has updated the market report for Application Container Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Application Container Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Globally, the application container market is expected to grow from USD 0.89 billion in 2017 to USD 4.42 billion by 2023, at a CAGR of 31.1% during the forecast period
Market Synopsis
The GLOBAL Application Container Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years
Market synopsis
Application container is an OS-level virtualization method utilized to install and run distributed applications without initiating complete virtual machine (VM) for each application. The containers can operate on the cloud, bare-metal systems, and virtual machines across different operating systems such as Linux, Windows, and Mac OS.
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Application containers comprise various runtime components such as libraries, files, environment variables that are essential to run the desired software. Application containers consume less resources than a comparable deployment on virtual machines as the containers share resources without loading complete virtual machines to underpin each app. The arrangement of data to execute in a container is in the form of an image. The container engine sends these images on hosts.
One of the major factors that is driving the market is increasing popularity of application container technology over virtual machines as there is a difference in the size of the container. The application container is of size 10 megabytes, whereas the virtual machine with its OS have a size of several gigabytes. Additionally, there is difference in runtime of application between the virtual machines and the application container. The virtual machines take several minutes to boot the OS and run the applications it hosts whereas the application container runs instantly.
The application container technology enables enterprises to improve their core competencies, such as network connectivity, customer relationships, security, and end-to-end services level monitoring. The application container allows the end-user organizations to optimize their application infrastructure resource utilization and save operating cost. The adoption of application container is growing, as several organizations are deploying containers to help build, manage, and easily move applications across environments.
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Segmentation.
By services, the market is segmented into consulting, container monitoring, container security, container data management, support and maintenance and others.
By organization size, the market is segmented into large enterprise, and SMEs.
By deployment model, the market is segmented into cloud and on-premise.
By vertical, the market is segmented into BFSI, healthcare & life sciences, telecommunication and IT, media & entertainment, education, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
The global market for application container is estimated to grow at a high rate during the forecast period from 2018 to 2023. The geographical analysis of application container market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is estimated to account for the largest market share as the adoption of technology in the region is high; North America has also been one of the early users of the container application. Similarly, the presence of several key players and growing startups are the factors for the high growth of the application container market in the region. Additionally, microservices, and DevOps have a high demand in the region which is also contributing towards the market growth.
However, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Companies in this region are transforming their core business applications, which makes them responsive to business changes. The adoption of application container technology is widely experienced among private and public sectors.
Competitive Analysis
The application container market has witnessed major trends for running the application on a virtual machine without utilizing the entire system. Many global players have adopted application container to increase enterprise value in the market and are concentrating on mergers and acquisitions for sustaining in the competitive environment. On 30th January 2018, Red Hat, Inc., signed a definitive agreement to acquire CoreOS, Inc. With this acquisition, the company is planning to double down on technology to help customers build, run, and manage containerized applications in hybrid and multicloud environments.
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Key players
The prominent players in application container market are IBM Corporation (US), AWS Inc. (US), Microsoft Corporation (US), Google LLC (US), VMware Inc. (US), Oracle Corporation (US), Apprenda Inc. (US), Joyent Inc. (US), Mesosphere, Inc. (US), Weaveworks(UK), Red Hat, Inc., Cisco Systems, Inc. are among others.
Intended Audience
Application container platform providers
Information Technology (IT) service providers
Container network providers
System Integrators
Application Developers
Internet of Things (IoT) vendors
Cloud Service Providers
Consultants/Consultancies/Advisory Firms
Training and Education Service Providers
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