The container security market is segmented into North America, Latin America, Europe, Asia South Pacific, East Asia, and Middle East & Africa.
PORTLAND, PORTLAND, OR, USA, Sept. 29, 2022 /EINPresswire.com/ — According to the report, the global container security market size was estimated at $571.47 million in 2020 and is expected to reach 7, $57 billion by 2030, registering a CAGR of 29.2% from 2021 to 2030.
The global container security market is expected to witness considerable growth, owing to an increase in demand for data center solutions, especially in emerging regions such as Asia-Pacific and Europe. Furthermore, the emergence of next-generation cloud computing technologies is expected to create potential opportunities for market growth over the forecast period.
Rising adoption of cloud-based containers across major industries coupled with rise in vulnerability and cybersecurity to promote container security platforms is driving the growth of the global market. However, a lack of awareness of container technologies and security and limited security budget among SMBs is expected to restrain the growth of the market.
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Conversely, the presence of a large number of open source vendors offering container platforms, coupled with the surge in popularity of microservices and digital transformation, is expected to drive the need for container security, which, in turn, is expected to provide remunerative opportunities for market expansion over the forecast period.
In addition, rising container cybersecurity concerns in the healthcare, IT & telecom, and government sectors are expected to propel the demand for the container security market.
According to container security market trends, the on-premises segment was the largest contributor to the market in 2020. BFSI and IT & Telecom collectively accounted for approximately 42.6% market share in 2020. The he increase in technological advancements in data centers is driving the growth of the solution segment.
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The COVID-19 outbreak has had a significant impact on the global container security industry. This is attributed to the delay in the deployment of container security solutions in major companies and regions, which has significantly slowed the growth of container security during the pandemic. However, the increase in demand for cloud computing solutions is increasing the need for container security.
Furthermore, the BFSI sector has exhibited high growth potential in the deployment of container security, owing to an increase in the demand for cyber security, which is expected to drive the growth of the container security market post-pandemic.
Based on product, the on-premises segment dominated the container security market share in 2020 and is expected to maintain its dominance in the coming years, owing to an increase in the transition to cybersecurity solutions in the large companies.
However, the cloud segment is expected to witness the highest growth rate in the coming years, owing to the surge in the adoption of container security primarily to manage confidential information to boost intelligent infrastructure in the banking and government sector, which is expected to propel the growth of the container security market over the forecast period.
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Regionally, the container security market was dominated by North America in 2020 and is expected to maintain its position during the forecast period. This is attributed to the presence of leading vendors in the region and the availability of advanced technological solutions.
However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, owing to an increase in the deployment of cloud computing technology across China and Japan and an increase additional initiatives by a leading player in this region to promote artificial intelligence. solutions are expected to drive the market growth.
Major players in the container security industry are Alert Logic, Aqua Security, Capsule8, Cloud Passage, Nev Vector, Qualys, Trend Micro, Twist lock, StackRox, and Sysdig. These players have adopted various strategies such as product launch, collaboration and partnership, joint venture, and acquisition to boost their presence in the container security industry.
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1. Application Container Market
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