Global Container as a Service Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Container as a service refers to a cloud computing model that provides a platform for deploying, managing, and scaling container-based applications. It enables software developers and IT organizations to use container-based virtualization to upload, organize, operate, grow, manage, and stop containers.

Sizing and Forecast

The container as a service market size has grown exponentially in recent years. It will grow from $2.53 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to rise of microservices architecture, demand for application portability, efficiency in resource utilization, cost savings and resource efficiency, standardization of deployment processes..

The container as a service market size is expected to see exponential growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 30.1%. The growth in the forecast period can be attributed to application modernization initiatives, focus on container security, integration with ci/cd pipelines, microservices architecture, kubernetes dominance.. Major trends in the forecast period include edge computing integration, multi-cloud deployment strategies, container-native development tools, devops integration, automation and infrastructure as code..

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Segmentation & Regional Insights

The container as a service market covered in this report is segmented –

1) By Service Type: Management and Orchestration, Security, Monitoring and Analytics, Storage and Networking, Continuous Integration and Continuous Deployment, Training and Consulting, Support and Maintenance
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
4) By Application: BFSI, Healthcare, Education, Other Applications

North America was the largest region in the container as a service market in 2023. The regions covered in the container as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rise in deployment of hybrid cloud models is expected to propel the growth of the container as a service market going forward. A hybrid cloud model is a computer system that combines on-premises infrastructure with public and/or private cloud services, allowing companies to move workloads between on-premises and cloud infrastructure as needed or to exploit extra cloud capacity. Companies may benefit from the flexibility and scalability of cloud infrastructure while keeping control over their on-premises infrastructure by employing container as a service (CaaS) in a hybrid cloud approach, which can help enterprises improve resource consumption and save costs while also enhancing agility and scalability. For instance, according to Global Hybrid Cloud Trends, a survey conducted among 2,500 IT leaders from 13 countries, specializing in cloud computing, DevOps and enterprising networks with 451 Research by Cisco, a US-based digital communications technology company, a remarkable 82% of IT executives claimed to have used the hybrid cloud. Also, nearly half (47%) are deploying two to three public IaaS (infrastructure as a service) clouds. Just 8% of businesses use more than one public IaaS cloud provider. Therefore, the rising use of hybrid cloud models will drive the container as a service market.

Key Industry Players

Major companies operating in the container as a service market are focused on introducing advanced CaaS programs, such as CaaS as a cloud service portfolio, to gain a competitive edge in the market. CaaS as a cloud service refers to a cloud-based service that enables software developers and IT departments to upload, organize, run, scale, manage, and stop containers using container-based virtualization. For instance, in October 2022, Fujitsu Limited, a Japan-based technology corporation, launched Fujitsu Computing as a Service (CaaS) in Japan, a service portfolio to deliver customers access to world-leading computing technologies via the public cloud. The new cloud services from Fujitsu include ‘Fujitsu CaaS HPC’ and ‘Fujitsu Digital Annealer’ for creating and executing simulations, artificial intelligence (AI) tools, and combinatorial optimization software. Along with this, Fujitsu CaaS Technical Consulting Services are being launched, which assist in choosing the best environment based on the features of clients’ applications and how quickly they accelerate them.

The container as a service market report table of contents includes:

1. Executive Summary

2. Container as a Service Market Characteristics

3. Container as a Service Market Trends And Strategies

4. Container as a Service Market – Macro Economic Scenario

5. Global Container as a Service Market Size and Growth
…

31. Global Container as a Service Market Competitive Benchmarking

32. Global Container as a Service Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Container as a Service Market

34. Container as a Service Market Future Outlook and Potential Analysis

35. Appendix

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