Container as a Service Global Market Is Expected To Grow At A Rate Of More Than 30% Through 2023 – 2027
29 May, 2023
The global container as a service market size is expected to grow from $1.96 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 30.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global container as a service market size is expected to reach $7.32 billion in 2027 at a CAGR of 30.2%.
Global Container as a Service Market Key Driver
The increased adoption of hybrid cloud models is projected to move the container as a service market ahead. A hybrid cloud model is a computer system that combines on-premises infrastructure with public and/or private cloud services, allowing businesses to transfer workloads between on-premises and cloud infrastructure as needed or to take advantage of additional cloud capacity. Companies can benefit from cloud infrastructure's flexibility and scalability while maintaining control over their on-premises infrastructure by utilising container as a service (CaaS) in a hybrid cloud approach, which can help enterprises improve resource consumption and save costs while also enhancing agility and scalability.
Get a sample of the global container as a service market reportGlobal Container as a Service Market Segments
The global container as a service market is segmented:
1) By Service Type: Management and Orchestration, Security, Monitoring and Analytics, Storage and Networking, Continuous Integration and Continuous Deployment, Training and Consulting, Support and Maintenance
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
4) By Application: BFSI, Healthcare, Education, Other Applications
5) By Geography:The regions covered in the container as a service market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global container as a service market.
Major Container as a Service Industry Players
Cisco Systems Inc., International Business Machines Corp., Amazon Web Services Inc., Google LLC, Microsoft Corporation, Docker Inc., CoreOS LLC, Dh2i Co., Giant Swarm GmbH, Hewlett Packard Enterprise Company, Oracle Corporation, SUSE SA, VMware Inc., Red Hat Inc., Tata Communications International Pte Ltd., Alibaba Cloud Computing Beijing Co Ltd., DXC Technology Co.
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Container as a Service Market Overview
Container as a service refers to a cloud computing model that provides a platform for deploying, managing, and scaling container-based applications. It enables software developers and IT organizations to use container-based virtualization to upload, organize, operate, grow, manage, and stop containers.
Container as a Service Global Market Report 2023 provides data on the global container as a service market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The container as a service market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.