EMEA Container Technology Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-28
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EMEA Container Technology Market Future Scope, Demands and Projected Industry Growths to 2024

A new report has been added by Market Study Report on the global EMEA Container Technology market. As per the report, the global EMEA Container Technology market is expected to expand at a 35 % CAGR from the period between 2017 and 2024. The report, titled ‘EMEA Container Technology Market Size By Technology - Growth Potential, Competitive Market Share & Forecast, 2017 - 2024’.

 

EMEA Container Technology Market is set to exceed USD 2.4 billion by 2024; according to a new research report.

The market growth is attributed to increasing need for improving developer efficiency and resource utilization, need for improving scalability and lowering costs and demand for supporting microservices architectures. A major benefit of using containers is their portability. As they wrap an application along with its runtime environment including dependencies and libraries, they can be reliably executed in different environments such as local desktops, physical/virtual servers and production/testing/staging or deployment environments. Organizations can considerably speed up their development process owing to this portability. However, containerization also involves some challenges for organizations, which include persistent storage issues, effective networking, data management and multi-cloud support. Providers such as Docker are incorporating pluggable networking and security capabilities to overcome such limitations.

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Docker dominates the EMEA container technology market owing to increasing adoption to containerize enterprise applications and Docker support offered by almost all major cloud service providers. Rkt is expected to grow with over 38% CAGR in Europe owing to its enhanced capability to ensure container security.

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.

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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UK leads the Europe container technology market owing to favorable government initiatives to adopt cloud-based solutions and increasing use of microservices by businesses operating in this region. GCC holds majority of the share in MEA region owing to increase in the use of software applications and demand of proper networking and connectivity in virtual machines.

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.

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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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