Container Orchestration Market Size Growing at 17.2% CAGR to Hit USD 1,382.1 Billion by 2026
The lack of cloud architect skills required for operating container orchestration tools is anticipated to hamper the market growth.
PORTLAND, PORTLAND, OR, UNITED STATES, July 7, 2023/EINPresswire.com/ — As per the report, the global container orchestration industry was estimated at $332.7 million in 2018, and is expected to reach $1.38 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026.
The surge in the adoption of application container technology, the increase in the implementation of micro-services, and the rise in the popularity of open-source container orchestration platforms drive the growth of the global container orchestration market. On the other hand, the lack of cloud architect skills required for operating container orchestration tools impedes growth to some extent. Nevertheless, the usage of container orchestration for IoT devices and the rise in investment in application container technology are expected to create a number of opportunities for the frontrunners in the industry.
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Based on components, the platform segment accounted for nearly three-fourths of the global container orchestration market share in 2018, and is expected to dominate from 2019 to 2026. The rise in the adoption of container orchestration platforms due to its multiple advantages and the availability of open-source container orchestration tools are the factors driving the growth of this segment. On the other hand, the services segment would showcase the fastest CAGR of 21.2% by the end of 2026. As these services reduce the time and costs associated with optimizing container orchestration procedures in the initial phase of deployment.
Based on organization size, the large enterprises segment contributed to more than two-thirds of the global container orchestration market revenue in 2018, and is anticipated to retain its top status till 2026. As containerization is becoming an important accelerator for large enterprises to continue to be agile at releasing new features and products at scale, and to fulfill growing business needs. At the same time, the SMEs segment would cite the fastest CAGR of 21.0% during the study period. This is due to an increase in the adoption of cloud-based technologies and a gradual understanding of the process of container orchestration.
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Based on region, North America held the major share in 2018, generating more than two-fifths of the global container orchestration market. As major market players that offer advanced container orchestration solutions are present in this region. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 22.2% by 2026. This is due to rise in awareness about cloud computing technology and containerization to enhance resource utilization and benefit from the scalable cloud architecture.
The key players operating in the global container orchestration market analysis include Amazon Web Services, Inc., Cisco Systems, Inc., D2iQ, Inc., Docker Inc., Google LLC, Microsoft Corporation, Oracle Corporation, Rancher, Red Hat, Inc., and SUSE.
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Key Benefits for Stakeholders:
• This study includes the analytical depiction of the global container orchestration market forecast and trends to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities.
• The current container orchestration market size is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the container orchestration industry.
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