Application Container-What You Should Know About It?

2 July 2019: Application container is an OS-level virtualization technique used to run and install distributed applications without introducing whole virtual machine (VM) for every application. The containers can work on the bare-metal systems, virtual machines, and cloud across diverse operating systems such as Windows, Mac OS, and Linux.

BFSI Application Segment to Contribute Substantial Demand to the Market

The major application variants of the market include telecommunication and IT, healthcare and life science, banking, financial services, and insurance (BSFI) segment, media and entertainment, retail and e-commerce, etc. The BFSI segment accounted for the largest share in the market and will continue its dominance over the forthcoming period. Growing use of containerization in BFSI owing to its benefits such as ease of management, secured environment, and cost-effectiveness, has led to its growth in the market.  

For instance, an Application Platform-as-a-Service (PaaS) is introduced by Barclays as a part of its cloud program, whereas OpenShift Container Platform by Red Hat, Inc. was mainly used by the bank to improve its IT infrastructure. The platform allowed quicker release to inform timetable and assisted inventors in gaining incomes on demand.

The telecommunication and IT sector are anticipated to record healthy CAGR over the forecast period. The segment is anticipated to grow at the maximum rate in the Asia Pacific, with India, Japan, and China being the most profitable markets in the region. Globally, enterprises in the e-commerce and retail industry are using the Docker platform to improve and secure their software supply chain and provide seamless DevOps workflows. 

Market Insights:

Leading players operating in the application container market include International Business Machines Corporation (IBM); Red Hat, Inc.; Google, Inc.; Cisco Systems, Inc.; and Amazon Web Services, Inc. 

To improve container management and security on Kubernetes, Docker, Inc. announced Docker Enterprise Edition 2.0 in April 2018. This company is a major provider of these solutions and is continuously increasing its R&D expenditure to develop innovative products. Leading software development businesses are starting strategic alliances with application container developers to incorporate this technology into their products.

In May 2018, Red Hat, Inc. assisted power Tata Communication Ltd.’s IZO private cloud, a combined cloud platform, with its OpenStack, a cloud computing platform and Openshift, a Kubernetes platform. Acceptance of the platform allowed Tata Communication Ltd. to reduce time-to-market for its services  and also helped improve customer experience.