According to a new report, published by KBV research, The Global Container Security Market size is expected to reach $3.9 billion by 2027, rising at a market growth of 23.5% CAGR during the forecast period.
The Products segment acquired maximum revenue share in the Global Container Security Market by Component 2020, thereby, achieving a market value of $2.5 billion by 2027. Container security allows businesses to protect their virtual container systems from development to production, increasing container development and bridging the DevOps-IT security divide. Vendors like as Qualys, TrendMicro, CheckPoint, Zscaler, and others offer software, platforms, and solutions for container security. Container security technologies provide enterprises complete insight into container activity, allowing them to identify and prevent suspicious behaviors and attacks, as well as provide open, automated security while assisting with policy enforcement and regulatory compliance.
The Small & Medium Enterprises (SMEs) segment is showcasing a CAGR of 25.3% during (2021 - 2027). Small and medium businesses, on the other hand, accounted for the most growth and are predicted to maintain their position during the projection period. It's because of the rising number of data protection rules and the lack of high-cost security solutions in network infrastructure. SMEs are tiny in size yet serve a large number of clients throughout the world. Due to cost restrictions, SMEs are unable to adopt a powerful and comprehensive content disarming and reconstruction solution. Due to a lack of cybersecurity and a limited budget, SMEs are more vulnerable to data breaches and identity theft.
The BFSI segment is leading the Global Container Security Market by Vertical 2020, thereby, achieving a market value of $1.1 billion by 2027. Customers' sensitive data, such as transaction passwords, card details and account numbers is handled by the BFSI vertical, which must be secured at all costs. Traditional firms in the BFSI vertical must innovate with innovative technology to fulfill regulatory demands as financial industry laws become more stringent. As a result, the BFSI vertical is anticipated to adhere to stringent security requirements in order to protect sensitive data, and it is rapidly adopting cloud-based container services.
The North America is fastest growing region in the Global Container Security Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.4 billion by 2027. The Europe market is estimated to grow at a CAGR of 22.6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 25.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/container-security-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., VMware, Inc., Palo Alto Networks, Inc., IBM Corporation, Microsoft Corporation, Juniper Networks, Inc., Google LLC, Amazon.com, Inc., Rapid7, Inc., and Crowdstrike Holdings, Inc.
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