The Container Security Market size is estimated at USD 2.69 billion in 2024, and is expected to reach USD 6.77 billion by 2029, at a CAGR of 20.27% during the forecast period (2024-2029).
The container security market is expanding, driven by enterprises increasingly adopting microservices and digital transformation initiatives, coupled with a rise in security threats. Additionally, the market is driven by the universal adoption of containerized applications across enterprises, a notable surge in cloud computing solutions spanning diverse industry verticals, and a growing inclination towards serverless technologies.
The container security market is highly competitive, with many established players offering comprehensive container security solutions and the emergence of startups offering innovative solutions to mitigate security challenges associated with containers.
Vendors' competitive strategy is to gain a foothold in the market through innovation, mergers, and acquisitions. Major vendors' capability of investing in research and development is higher, thus intensifying the competition in the container security market.
Some of the major players in the market are Google LLC (Alphabet Inc.), Trend Micro Incorporated, Qualys, Inc., Red Hat, Inc. (IBM Corporation), and Palo Alto Networks, Inc., among others.
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