Application Container Market to Witness a CAGR of 31.8% from 2018 to 2025, Says Report
The global application container market was valued at $698 million in 2016, and is projected to reach at $8,202 million by 2025, growing at a CAGR of 31.8% from 2018 to 2025.
Rise in popularity of application container technology over virtual machines, surge in adoption of cloud based computing system in organizations, and rise in trend of Internet of Things (IoT) among end users majorly contribute towards the growth of the market. However, security risks associated with the application container technology hamper the growth of the application container market.
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The global application container market was led by the telecom & IT segment in 2016, and is projected to maintain its dominance during the forecast period. However, the other segment is expected to witness the highest growth, owing to increase in awareness about application container technology is decreasing the adoption of other cloud tools such as OpenStack, PaaS, and other offerings.
Some of the key market players profiled in the report include Amazon Web Services Inc., CA Technologies, Docker Inc., Google Inc., IBM Corporation, Joyent Inc., Mesosphere Inc., Microsoft Corporation, Rancher Labs Inc., and Red Hat Inc.
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