New York, United States, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The Containers as a Service is a cloud-based service that enables software developers and IT administrators to upload, manage, execute, grow, analyze, and terminate containers using container-based virtualization. “The global containers as a service (CaaS) market size is expected to reach USD 21,749 million by 2030, growing at a CAGR of 29.31% during the forecast period (2022–2030)”, stated by Senior Research Analyst at Straits Research P. Ltd.
Key Drivers
The key market drivers for the container as a service are the rising popularity of microservices, the growth of DevOps, and the transformation of business applications through containerization. Microservices, an architectural and organizational model that consists of small, autonomous services that communicate over explicitly defined APIs, can be used to build software. Microservices architectures enable applications to expand more rapidly and efficiently, accelerating the time to market for new features. As a result, developers deploy CaaS more frequently the more frequently organizations use microservices.
Solutions for containers as a service help companies increase efficiency and reduce risk. These critical elements are projected to drive the global container-as-a-service market over the forecasted period. Containers-as-a-service features include a dedicated security gateway, LDAP/AD connection, secure image repository, and role-based access control. Due to the growing benefits of cost-effectiveness and increased productivity, the market for containers as a service is also growing.
Growth Opportunities
With the aid of CaaS technologies, IT departments and developers may create, manage, and run containerized applications. A CaaS approach enables clusters and containers to be deployed in either an on-premises server environment or through the cloud by offering them as a service. Small and medium-sized businesses (SMEs) are expected to benefit from the CaaS model. CaaS providers are expected to see potential growth due to networking capabilities during the projection period. The CaaS approach for commercial businesses also enables increased agility or the ability to quickly construct a new production workload.
Regional Insights
North America will command the largest market share during the forecast period. This is attributed to the increasing demand for managed datacenter, virtual private cloud, and Container as a Service (CaaS) technologies. The incorporation of technology for machine learning and artificial intelligence into applications for container services, the demand for an automated business process to reduce manual errors, and improved IT systems to satisfy the wide range of customer requirements are all expected to contribute to the growth of the container-as-a-service market in North America.
Asia-Pacific will advance at a significant growth rate. The expansion is related to the increasing economies of China and India, which have more significant economic growth due to rising industrial output. To capture the region's tremendous prospects and the maximum possible market share, the top CaaS solution providers are also expanding and developing their operations there. For instance, Red Hat, Inc. launched the Red Hat OpenShift Practice Builder Program in the Asia-Pacific area in 2018. The program for system integrators had as its objective the creation and delivery of modern cloud-native applications using Red Hat OpenShift and Red Hat JBoss middleware (SIs).
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Key Highlights
- The Management & Orchestration section is projected to advance significantly and hold the largest market share between 2022 to 2030.
- By service type, the global CaaS market is categorized into Management & Orchestration, Security, Monitoring & Analytics, Storage & Networking, Continuous Integration & Deployment, Training & Consulting, and Support & Maintenance.
- By deployment, the global CaaS market is categorized into Public, Private, and Hybrid Clouds. The Public Cloud section will hold the largest market share during the forecast period.
- By vertical, the global CaaS market is categorized into BFSI, Retail & Consumer Goods, Healthcare & Life Sciences, Manufacturing, Media, Entertainment & Gaming, IT & Telecommunications, Transportation & Logistics, Travel & Hospitality, and Others.
Key Market Players
- Apcera
- Amazon Web Services
- Docker
- IBM
- Microsoft
Market News
- In 2022, Amazon Web Services launched the AWS Wickr. It is an enterprise communication solution with end-to-end encryption that enables secure voice and video calls, messaging, file sharing, and screen sharing.
Global Containers as a Service (CaaS) Market: Segmentation
By Service Type
- Management & Orchestration
- Security
- Monitoring & Analytics
- Storage & Networking
- Continuous Integration & Continuous Deployment (CI/CD)
- Training & Consulting
- Support & Maintenance
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Vertical
- BFSI (Banking, Financial Services, and Insurance)
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Manufacturing
- Media, Entertainment, & Gaming
- IT & Telecommunications
- Transportation & Logistics
- Travel & Hospitality
- Others
By Organization Size
- Large Enterprise
- Small & Medium-Sized Enterprise
By Regions
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
About Straits Research Pvt Ltd.
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