Global Container-as-a-Service Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
Global Container-as-a-Service Market
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The report covers an in-depth analysis of COVID-19 pandemic impact on Global Container-as-a-Service Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Container-as-a-Service Market Dynamics:
Containers as a Service is a cloud-based service that enables software developers and IT departments to use container-based virtualization to upload, coordinate, run, scale, and manage containers. The containers as a service solutions are expected to allow containerized applications to be developed, controlled, and run by both IT divisions and developers. Clusters and containers are delivered as a service that can be deployed whether in the private, public, or hybrid cloud. The technology of cloud computing helps customers to enjoy at a reduced cost. The incremental transition from linear management to holistic management and control is a significant technological advancement in this industry.
The convergence of Artificial Intelligence (AI) and Machine Learning (ML) technologies with container service applications, the need for an automated business process to minimize manual errors, and improved IT systems to meet the diverse requirements of customers are expected to drive the container-as-a-service market growth. Some of the factors that will drive the containers as a service market are increasing developer productivity and support microservices and greater containers as a service versatility compared to on-site containers. For instance, VMware has acquired Pivotal, a Kubernetes-centered cloud platform, and the service provider offers control metrics, enhanced upgrades and settings, and beta support for Windows containers.
Containers as a Service Market is experiencing significant growth due to demand for the technology. Another factor contributing to market growth is the cost advantages offered by the use of the service. The adoption of containers as a service by individuals is growing and a positive factor is placed on the industry by increasing trends in micro services. Containers provide applications with micro services and separation and their setup from the underlying OS. Some of the big software firms are already in the market, such as Google LLC, Amazon Web Services, Inc, IBM Corporation are funding the advancement of technology.
The global container-as-a-service market is segmented by organization size, by application, industry vertical, and deployment and by region. By Organization Size, the small and medium enterprises segment accounted for the dominant market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the easy implementation and rise in the scale of an undertaking for the realignment of the entire business process.
By Application, management and orchestration held the highest market share of xx% in 2019 thanks to the rising need for management and orchestration solutions across several organizations for handling heavy loading and complex transactions.
By industry vertical, banking financial services and insurance held a prominent market share of xx% in 2019 and is expected to keep its prominence over the forecast period due to rising economic and financial crises, financial entities rely on technological tools to help them optimize their resources and processes. For instance, in July 2018, HSBC has confirmed that it plans to develop its new business banking service using Google's toolset to operate on a container infrastructure managed by Kubernetes. By deployment, the public cloud held the highest market share in 2019 due to the low-cost installation, hence enterprises chose the public cloud to support their functions.
By geography, the global Container-as-a-Service market is segmented into North America, APAC, Europe, ME Africa, and Latin America. Among these, North America held the dominant market share of xx% in 2019 and is expected to continue its dominance over the forecast period owing to the presence of major IT and Large Enterprises market players in this region.
In terms of value, The Asia Pacific is projected to grow at a CAGR of xx% during the forecast period thanks to digitalization and the growing infrastructure in various countries like China, Japan, India, etc. For instance, in June 2018, Red Hat launched OpenShift Practice Builder Software in the Asia-Pacific region. Also, acquired Rancher Labs to powering digital transformation with open source and cloud-native solutions.
The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopted various organic and inorganic growth strategies such as mergers acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Container-as-a-Service Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Container-as-a-Service Market dynamics, structure by analyzing the market segments and project Global Container-as-a-Service Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Container-as-a-Service Market the report investor’s guide.
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Global Container-as-a-Service Market by Organization Size
● Small and Medium Enterprises
● Large Enterprises
Global Container-as-a-Service Market by Application
● Management and Orchestration
● Monitoring and Analytics
● Storage and Networking
Global Container-as-a-Service Market by Industry Vertical
● Banking Financial Services and Insurance
● Healthcare and Life Sciences
● IT and Telecommunication
● Energy and Utilities
● Government Defence
Global Container-as-a-Service Market by Deployment
● Public Cloud
● Private Cloud
● Hybrid Cloud
Global Container-as-a-Service Market by Region
● North America
● ME Africa
● Latin America
Global Container-as-a-Service Market Major Players
● Amazon Web Services, Inc.
● Docker Inc
● Google LLC
● T-Systems International GmbH
● IBM Corporation
● RACKSPACE TECHNOLOGY
● Hewlett Packard Enterprise Development LP
● Red Hat, Inc
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