The Application Container Market size is estimated at USD 5.45 billion in 2024, and is expected to reach USD 19.41 billion by 2029, growing at a CAGR of 28.89% during the forecast period (2024-2029).
The market is anticipated to witness a steady rise in the number of containerized applications as businesses deploy their applications using containers on a regular basis. The numerous advantages of containers, such as their simplicity in packaging and deploying programs, their capacity to execute the same application across multiple environments, and their rapid and effective scalability, will be the driving force behind this movement. Moreover, the CNCF's 2022 study found that 44% of participants utilize containers for most or all production applications. Kubernetes is used to deploy at least some containers in production by half of those that utilize containers.
The application container market is highly competitive, owing to the presence of many small and large players operating in domestic and international markets. The market appears to be fragmented, with significant players adopting strategies like product innovation, and the emergence of various start-up companies is marking the market dynamic. Some of the market's major players are Amazon Web Services, Inc., Google LLC, and Microsoft Corporation.
In May 2023, Kyndryl, a global IT infrastructure services provider, announced introducing new services and capabilities to support Red Hat OpenShift clients in improving and expanding their capacity to consistently update and transfer essential business applications to hybrid cloud environments. By automating application modernization with new services, Kyndryl's new integrated services and capabilities, which are part of a broader comprehensive set of container management and security capabilities, are intended to assist clients in accelerating their cloud transformation ambitions.
In December 2022, Red Hat OpenShift certification for Red Hat Enterprise Linux was made available to DH2i's DxEnterprise multi-platform smart clustering software. With this certification, Red Hat OpenShift and Red Hat Enterprise Linux could confirm that the company’s containerized solution would accelerate the development of intelligent applications across hybrid and multi-cloud environments. Red Hat OpenShift and DxEnterprise could be used to create lightweight execution environments for applications, enabling enterprises to deploy essential workloads across physical, virtual, private, and public cloud and edge environments more quickly and consistently.
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