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Shibuya-ku, Tokyo, Japan, Japan, Jan 10, 2022, 07:24 /Comserve / -- The application container market size is estimated to be USD 1.20 billion in 2018 and expected to reach USD 4.98 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
The application container market size is estimated to be USD 1.20 billion in 2018 and expected to reach USD 4.98 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. The major factors driving the growth of the application container market include the growing need for business agility and faster time to market, and large-scale modernization of existing business-critical applications. However, security concerns and skill gaps in the market are expected to hinder the market growth.
The telecommunication and Information Technology (IT) vertical is estimated to account for the largest market share in 2018. The ongoing application modernization to empower a digital customer experience and the need for agile business applications would drive the application container market in the telecommunications and IT vertical. The application container technology helps enterprises enhance their core competencies, such as network connectivity, security, customer relationships, and end-to-end services level monitoring. The application container technology enables telecommunications and IT organizations to optimize their application's infrastructure resource utilization and save operating cost.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Application Container Market-Size Volume, Share, Demand growth, Business Opportunity by-2023 (Trending Report)
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The major countries that are expected to witness high growth rates in this region include Singapore, Japan, China, Australia and New Zealand, and other countries. Companies in this region are transforming their core business applications, which makes them responsive to business changes. From the private to public sectors, all are embracing the application container technology. For instance, in Singapore, the government's digital services team at GoVTech has been using Nectar for building applications. Nectar stands for Next-generation Container Architecture and is a codename given to on-premises Platform-as-a- Service (PaaS). The emergence of DevOps is expected to drive the growth of the application container market in this region. A recent study in APAC showed that organizations who have adopted DevOps are expected to display a positive impact on the application container market share.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Application Container Market-Size Volume, Share, Demand growth, Business Opportunity by-2023 (Trending Report)
The break-up profiles of the primary discussion participants are given below:
• By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3 (25%)
• By Designation: C-Level (45%), Director Level (30%), and Manager Level (25%)
• By Region: North America (35%), APAC (30%), Europe (20%), and RoW (15%)
Research Coverage
The global application container market has been segmented by service, deployment mode, organization size, application area, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across major regions. In addition to this, the strength of services portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
Reasons to Buy the Report
The report is expected to help leaders/new entrants in the application container market in the following ways:
1. The report segments the application container market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report help stakeholders understand strategies of competitors and gain more insights to better their position in the market.
TABLE OF CONTENT
TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.1.1 BUSINESS INTELLIGENCE 17
1.1.2 COMPETITIVE INTELLIGENCE 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 RESEARCH METHODOLOGY 22
2.1.1.1 Breakdown of primaries 22
2.1.1.2 Key industry insights 23
2.2 MARKET SIZE ESTIMATION 24
2.3 ASSUMPTIONS 25
2.4 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL APPLICATION
CONTAINER MARKET 34
4.2 APPLICATION CONTAINER MARKET, BY SERVICE, 2018 VS. 2023 35
4.3 APPLICATION CONTAINER MARKET, BY DEPLOYMENT MODE, 2018 VS. 2023 35
4.4 APPLICATION CONTAINER MARKET, BY ORGANIZATION SIZE, 2018 VS. 2023 36
4.5 APPLICATION CONTAINER MARKET, BY VERTICAL, 2018–2023 36
4.6 APPLICATION CONTAINER MARKET, MARKET SHARE ACROSS VARIOUS REGIONS 37
4.7 MARKET INVESTMENT SCENARIO 37
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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