3 October 2019: The application container market has witnessed growth due to high demand for the adoption of technology in various sectors such as healthcare, retail, finance, banking, and telecommunication. The technology is largely adopted by financial services, insurance, and banking owing to its features such as simplified administration process and cost-effectiveness. Other benefits of the technology include deploying multiple solutions on a single OS kernel, and upgrading, monitoring, scaling, and scheduling.
Business sectors such as manufacturing, industrial, and retail use Internet-of-Things (IoT) devices and produce large amount of data. Cloud based application container technologies offer storage of such data, allow remote access, and provide built-in security features. Thus, increase in use of IoT devices has increased data generation thereby fueling market growth.
Cross cloud portability promote cloud deployment
The cloud deployment segment is expected to attain highest CAGR over the forecast period (2019 - 2025). The factor expected to drive the segment is increasing use of public and private hybrid cloud technology. Increasing adoption of cloud deployment is due to inclination of corporations toward reducing capital expenses and costs associated with developing and maintaining on premise infrastructure.
For instance, in 2017, Google announced collaboration with Pivotal, a new service that enables enterprises and service providers to deliver production-ready Kubernetes. The application container technology offers organizations a path to hybrid cloud for managing their applications across public and private clouds. This approach offers Kubernetes to builds on the pace of the process and helps tackle the demand for the open-source container orchestration system. The previous year Google announced PCF on Google Cloud Platform, enabling users to deploy and build apps to store, scale, and analyze data on-premises and in the cloud.
Market Insights
Major players of the application container industry are incorporating various strategies such as expansions, new product launches, joint ventures, agreements, acquisitions, partnerships, and others in order to strengthen their position in the market. Software development companies are keen to integrate this technology by forming strategic alliances with application container developers.
Prominent players in the application container market include International Business Machines Corporation (IBM); Amazon Web Services, Inc.; Google, Inc.; Cisco Systems, Inc.; and Red Hat, Inc.
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