A recent report published by marketsandmarkets accounted for a $789.1 million in value in 2016 for the Container-as-a-Service (CaaS) market and is expected to reach $4,080.4 million by 2022 with a Compound Annual Growth Rate (CAGR) of 34.4% during the forecast period. According to the report, the advantages of cost-effectiveness, boost in productivity and an increase in the popularity of microservices are growing the CaaS market worldwide.

Service providers have gravitated toward containers within the last few years, largely due to the widespread use of container management platforms like Kubernetes. The lightweight technology enables users to package large applications into small chunks of code in an isolated environment, allowing multiple applications to run on a single operating system. The CaaS market encompasses several service providers, including Apcera, Amazon Web Services (AWS), Docker and Microsoft, to name just a few.

The researchers state the purpose of the study was to describe and forecast the global (CaaS) market; describe the market size of five regions, including North America, Asia Pacific, Middle East and Africa, and Latin America; review the subsegments with respect to individual growth trends; review opportunities in the market for stakeholders; identify key players; and track competing developments like company mergers, new product launches and business expansions.

According to the authors of the report, the research methodology used to gauge the future of the CaaS market included data on the revenues of key vendors through secondary sources, such as annual reports, press releases, company websites and news articles. Vendor offerings were also included to estimate market segmentation. “The research study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2 to 5 years, for prioritizing the efforts and investments,” the authors said in a statement.

After the researchers determined the overall market size, the total market was divided into various segments and subsegments, which the researchers said they verified by conducting interviews with industry leaders, CEOs, vice presidents and executives. The submarkets included management and orchestration, security, monitoring and analytics, storage and networking, continuous integration and continuous deployment, training and consulting, and support and maintenance. The authors also included categories for vertical markets, by region, organization size and deployment models.

Containers aren’t without their drawbacks, especially in regards to cyber vulnerabilities and network intrusions. The technology is expected to mature as the CaaS market continues to grow. For an in-depth looks at the advantages and disadvantages of containerization, click here.

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