Container as a Service Market Report – Global Growth, Trends, COVID-19 Impact, and Forecasts to 2026 – Increasing Popularity of Microservices – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Container as a Service Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Container as a Service (CaaS) market is expected to register a CAGR of approximately 35% in the forecast period (2021 – 2026)
The CaaS technology helps organizations to reduce shipment time due to the hosted applications, and its dependencies are bundled into a single package. Additionally, the technique is easy to manage as these are lightweight, enabling rapid delivery and deployment of new application containers.
Although, CaaS is a subset of Infrastructure as a Service (IaaS), the fundamental asset for CaaS is a holder, as opposed to a virtual machine (VM) or an uncovered metal hardware host framework, which is utilized in IaaS environments. The CaaS solutions are expected to enable both IT divisions and developers to create, manage, and run containerized applications. In a CaaS model, clusters and containers are given as a service which can be deployed in both an on-premises server environment or over the cloud.
The CaaS model is expected to provide new business opportunities for small-medium enterprises (SMEs), and improvement in networking capabilities are certain factors which are expected to provide certain opportunities to a CaaS provider in the forecast period. CaaS model also enables the business organizations to endure a greater degree of agility, which is the ability to create a new production workload as quickly as possible. This is further expected to augment the market growth.
However, the CaaS market is expected to face data security issues because usually the data is stored in the cloud servers exposing to hacking. This may hinder the market growth in the forecast period. Also, cloud servers need a constant supply of electricity and internet connectivity to operate efficiently.
Hence, the developing regions are expected to face the challenge of slow internet speeds and lack of continuous power supply. This is expected to further restrain the market for containers as a service in the developing regions. Nevertheless, ongoing research and development are expected to strengthen the security of containers as a service in the forecast period.
Key Market Trends
BFSI Sector Expected to Have Maximum Application
- FinTech has changed the banking system drastically, as more and more BFSI companies have embraced cloud and diversified their cloud providers. Also, technologies like mobile banking, digital payments, etc. are revolutionizing the banking industry, especially in emerging countries like India and China. Hence, the use and deployment of CaaS models are also increasing. The container application platform is designed to automate the hosting, configuration, deployment, and administration of application stacks across any cloud provider.
- These solutions help the banks in modernizing digital foundations for a competitive edge, speeding service delivery in branches of the future, optimizing payment processing models, and deepening customer engagement without compromising on cybersecurity. It gives application developers self-service access so they can easily deploy applications on demand. That can help banks move more quickly and decrease time to market in the increasingly competitive environment of financial services. These solutions help financial institutions to develop and support a broad range of applications while maintaining stringent security and compliance requirements. It also enables companies to deliver new applications to engage customers and associates.
- Major BFSI companies have already started deploying container application platforms in their systems. HSBC is already using Google Cloud for data analytics, but the move into container applications hosting is a new step by the company towards technology.
Competitive Landscape
The containers as a service market is comparatively consolidated due to the existence of some leading players holding the majority share of the market. However, CaaS is a developing and a demanding technology and there are enormous business opportunities where a considerable measure of new players are entering the market and are teaming up with significant players to capture a significant market share.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Benefits of Cost Effectiveness and Increased Productivity
4.3.2 Greater Flexibility Than On-Premises Containers
4.3.3 Increasing Popularity of Microservices
4.4 Market Restraints
4.4.1 Difficulty in Achieving Security and Compliance
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.6 Technology Snapshot
4.6.1 By Solutions Provided
4.6.1.1 Storage and Networking
4.6.1.2 Monitoring and Analytics
4.6.1.3 Management and Orchestration
4.6.1.4 Security
4.6.1.5 Continuous Integration and Continuous Deployment
4.6.1.6 Support and Maintenance
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 On-Premise
5.1.2 Cloud
5.2 By Service Type
5.2.1 Professional Services
5.2.2 Managed Services
5.3 By Size of the Enterprise
5.3.1 Small and Medium Enterprises
5.3.2 Large Enterprises
5.4 By End-user Application
5.4.1 BFSI
5.4.2 Retail
5.4.3 IT & Telecommunications
5.4.4 Manufacturing
5.4.5 Other End-user Applications
5.5 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amazon Web Services, Inc.
6.1.2 Google LLC (Google Cloud)
6.1.3 Cisco Systems, Inc.
6.1.4 IBM Corporation (Red Hat, Inc.)
6.1.5 Microsoft Corporation (Microsoft Azure)
6.1.6 Rancher Labs
6.1.7 VMware, Inc. (Pivotal Software, Inc.)
6.1.8 SUSE
6.1.9 Rackspace Inc.
6.1.10 TATA Communications
6.1.11 Oracle Corporation
6.1.12 Hewlett Packard Enterprise Development LP
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/q14rz9
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