DUBLIN--(BUSINESS WIRE)--The "Application Container Market by Service (Container Monitoring, Security, Data Management, Networking, Orchestration), Platform (Docker, Kubernetes), Application Area, Deployment Mode, Organization Size, Vertical, & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The application container 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
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. However, security concerns and skill gaps in the market are expected to hinder the market growth.
The telecommunication and Information Technology (IT) vertical is estimated to account for the largest market share in 2018. The ongoing application modernization to empower a digital customer experience and the need for agile business applications would drive the application container market in the telecommunications and IT vertical.
The application container technology helps enterprises enhance their core competencies, such as network connectivity, security, customer relationships, and end-to-end services level monitoring. The application container technology enables telecommunications and IT organizations to optimize their application's infrastructure resource utilization and save operating cost.
The major countries that are expected to witness high growth rates in this region include Singapore, Japan, China, Australia and New Zealand, and other countries. Companies in this region are transforming their core business applications, which makes them responsive to business changes. From the private to public sectors, all are embracing the application container technology.
Key Topics Covered:
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview and Industry Trends
- Application Container Platforms
- Application Container Market, By Service
- Market, By Deployment Mode
- Market, By Application Area
- Application Container Market, By Organization Size
- Market, By Vertical
- Application Container Market, By Region
- Competitive Landscape
- Company Profiles
- Red Hat
- Rancher Labs
- Puppet Enterprise
- CA Technologies
- Nimble Storage
For more information about this report, visit https://www.researchandmarkets.com/research/kqrnf9/application?w=4.