According to a new report, published by KBV research, The Global Containers as a Service Market size is expected to reach $6.9 billion by 2028, rising at a market growth of 23.2% CAGR during the forecast period.
The Small & Medium-Sized Enterprises (SMEs) segment is showcasing a CAGR of 25.9% during (2022 - 2028). Containers provide a secure & decoupled means for small businesses to rapidly scale their services in a secure environment. In addition, combining the benefits of containers with cloud computing enables small businesses to embrace flexibility and adopt an agile IT strategy.
The Management & Orchestration segment acquired maximum revenue share in the Global Containers as a Service Market by Service Type in 2021 thereby, achieving a market value of $1.6 billion by 2028. Management & orchestration is the framework for controlling and orchestrating all network resources in the cloud. This includes assets for storage, computers, networks, and virtual machines (VMs). CaaS supports single, hybrid, or many clouds and allows container installation, management, and formation. Scalability is the primary function of the container orchestration engine.
The Public Cloud segment has shown the growth rate of 22.8 % during (2022 - 2028). SMEs are increasingly adopting public cloud deployment because of its many benefits, including lower costs and the absence of personnel needed to maintain hardware. Customers can quickly store and retrieve relevant information from any location and at any time due to seamless flexibility and scalability. The public cloud deployment approach provides organizations numerous advantages, including scalability, dependability, flexibility, and geographical independence services.
The Telecom & IT segment ia leading the Global Containers as a Service Market by Vertical in 2021 thereby, achieving a market value of $1.5 billion by 2028. The IT & telecoms industry has expanded significantly due to the rising number of subscribers and enormous data production. In addition, there is a significant growth in consumer-generated media, documents, and other digital content, heightening the demand for dependable and secure container services. These factors have accelerated the popularity of containerized apps, which can readily satisfy the growing needs of end-users.
The North America market dominated the Global Containers as a Service Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.6 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 24.1% during (2022 - 2028). Additionally, The Europe market would display a CAGR of 23% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/containers-as-a-service-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 Hewlett Packard Enterprise Company, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet, Inc.), Microsoft Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cisco Systems, Inc., Docker, Inc. (Mirantis) and VMware, Inc.
By Organization Size
By Service Type
By Deployment Model
By Vertical
By Geography
Companies Profiled
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