Container security market to reach $3.6 billion by 2026
The global container security market size is expected to grow from an estimated value of $1.3 billion in 2021 to $3.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.0% from 2021 to 2026, according to ResearchAndMarkets.
Container security market services segment to grow at a higher CAGR
Services aim at training and developing expertise, providing timely upgradations to the platform, and helping customers integrate their platforms with other IT solutions. Vendors offer a broad array of services with the help of cutting-edge technologies, tools, and strategies to meet the needs of organizations.
Training and consulting services are designed to enhance employees’ skills so that they can meet the requirements of the patrons and boost the organization’s productivity.
Deployment and integration services ensure the proper integration of the container security platforms and services with various other components of the IT system. Support and maintenance services aim at providing technical support to customers and delivering enhancements and upgradations to the platform.
By services, the container security market is segmented into professional and managed services. Professional services include consulting services, training and education services, and support and maintenance services.
On premise segment to account for a higher market share
Organizations, especially large enterprises, are still using on-premises deployment type on a large scale. The on-premises deployment type enables the deployment of container security within a company’s premises. The on-premises deployment of container security solutions helps customers maintain compliance needs and ensure the security of applications that are being deployed.
The on-premises deployment type is one of the oldest and traditional approaches to deploying software and solutions and is preferred by enterprises due to factors, such as the ability to store data within the company’s premises, the availability of security measures, and the elimination of third-party involvement.
Asia Pacific to grow at the highest CAGR
Asia Pacific has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. Asia Pacific includes developed and developing economies, such as China, Japan, India, Singapore, the Philippines, Vietnam, South Korea, and Indonesia. Asia Pacific is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt cutting-edge technologies.
The increasing adoption of containers and microservice architecture, among SMEs, is acting as the major driving factor for the container security market in the region. The affordability and ease of deployment of container services among enterprises are another driving factor for the adoption of container security in the region. Hence, the region is growing at the highest CAGR of 23.4% during the forecast period.