EMEA Container Technology Market - Global Sales Revenue, Emerging Technologies, Regional Trends, Opportunity Assessment and Comprehensive Research Study Till 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-29
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EMEA Container Technology Market - Global Sales Revenue, Emerging Technologies, Regional Trends, Opportunity Assessment and Comprehensive Research Study Till 2024

The EMEA container technology market is estimated to gain substantial impetus over the ensuing years, attributed to the growth in the cloud computing domain in Europe coupled with massive regional expansions by industry leaders. 

Over the last few years, Europe witnessed a series of privacy scandals, hence stringent regulations were enacted to uphold privacy and protect data which subsequently favored the cloud computing segment. The region’s public cloud market is estimated to exhibit a 22 percent growth rate over the next three years, suggest figures by the International Data Corporation. Having seen the impact of this trend across IT companies it is rather overt that the EMEA container technology market will soar high in the years to come.

In Europe, BFSI applications are expected to hold the largest market share owing to the need for deploying, executing and managing high volumes of resource-intensive workloads in datacenters over cloud networks. Telecom and IT sector will grow with the highest CAGR during the timeline owing to increasing adoption of cloud computing by IT solutions and services providers in the region.

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The container technology market is exhibiting significant growth and is primarily composed of two types of companies namely, the technology providers and the infrastructure providers. The competition between technology providers will become increasingly intense over the forecast period as new entrants in the market are providing favorable alternatives to Docker’s container software which predominantly led the market. Infrastructure providers manly comprise of cloud service providers such as Amazon Web Services, Microsoft and Alibaba who provide cloud hosting services to the enterprises who need to deploy their containerized applications over cloud networks.

According to a reliable estimate, global IT spending is expected to reach more than $3.5 trillion in 2019 owing to the growth in cloud, IoT, and data center market. The report further stated that despite the tariff war between the U.S. and China, rumors of recession and Brexit, there are reasons to be optimistic about the growth of the IT sector.  Owing to this development many service providers are establishing cloud centers in Europe, which has accelerated the adoption of container technology, thereby boosting the EMEA container technology market growth.

Expansions by market players and product advancements will be another factor fostering the EMEA container technology market. For example, tech giant Microsoft is reportedly planning to launch new data centers in the Middle East while growing its European cloud offerings. The company’s new cloud service in Germany will complement existing options available in the country, delivered from outside of Germany and from Microsoft Cloud Germany. Similar developments in the EMEA belt will positively  favor the EMEA container technology market by driving product demand over the coming years.
 

Container data management application is expected to hold a dominant share in the Europe container technology market with increasing emphasis by players in the industry to develop and commercialize improved orchestration tools for operating and managing large container clusters. Container security industry will witness fastest growth between 2017 to 2024 with a CAGR of approximately 38% due to increasing incidences of cyber-crimes such as data thefts giving rise to the need to ensure effective data security. In the MEA region, container networking will experience high growth as enterprises are emphasizing on enhancing connectivity between containers as well as between containers and hosts.

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Cloud container market growth can be attributed to increasing inclination of enterprises towards shifting to cloud computing platforms. This trend will be witnessed in both Europe and MEA due to the advantages of this model, including cost-efficiency as well as scalability.

In Europe, BFSI applications are expected to hold the largest market share owing to the need for deploying, executing and managing high volumes of resource-intensive workloads in datacenters over cloud networks. Telecom and IT sector will grow with the highest CAGR during the timeline owing to increasing adoption of cloud computing by IT solutions and services providers in the region.

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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