Container Security Market to Skyrocket to $7.57 Billion Globally by 2030, Boasting a 29.2% CAGR: Allied Market Research

Container Security Market

According to a new report published by Allied Market Research, titled, “Container Security Market by Product, Component, Organizational Size, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global container security market size was valued at $571.47 million in 2020, and is projected to reach $7.57 billion by 2030, registering a CAGR of 29.2% from 2021 to 2030.

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Container security is the process of protecting containers against viruses, data leakage, and other risks throughout the container lifespan. The docker security controls risks across the whole environment, including the software supply chain or CI/CD pipeline, infrastructure, and container runtime, and life cycle management apps operating on containers. In addition, the increase in concern related to container cyber security across the healthcare, IT & telecommunication, and government sectors is forecast to propel the demand for the container security market.

Increase in adoption of cloud-based containers in prime industries coupled with rise in vulnerability and cybersecurity to promote container security platforms drive the growth of the global market. However, lack of awareness about container technologies and security and limited security budget among SMEs is anticipated to restrain the market growth. Conversely, presence of a large number of open-source venders offering container platform paired with surge in popularity of microservices and digital transformation are expected to drive the need for the container security, which, in turn, are anticipated to offer remunerative opportunities for market expansion during the forecast period.

Key players in the industry

Aqua Security
Sysdig
Capsule8
Alert Logic
Cloud Passage
Qualys
Trend Micro
Nev Vector
Twist lock
StackRox.

According to container security market trends, the on-premises segment was the highest contributor to the market in 2020. The BFSI and IT & telecommunication collectively accounted for around 42.6% market share in 2020. Rise in technological advancement in data centers drives the growth of the solution segment.

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Based on component, the container security platform segment dominated with the largest share in 2020, holding nearly two-thirds of the global container security market. A container security platform is a technology used by major businesses to improve the quality of the existing security rules. This factor is driving the segment growth. The services segment, however, is expected to cite the fastest CAGR of 30.4% throughout the forecast period, owing to the fact that container-as-a-service is a technique that enables software developers, and IT teams to cut shipment time by combining the hosted program.

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Based on deployment mode, the on-premises segment held the highest market share in terms of revenue, accounting for nearly three-fifths of the global container security market, due to the fact that the necessity for a tightly managed data security platform to safeguard secret information has resulted in a steep increase in the adoption of container security solutions across on-premises platforms. Simultaneously, the cloud segment is estimated to exhibit the fastest CAGR of 30.9% during the forecast period. Container security technology is extensively utilized for cloud-native applications due to several benefits such as greater flexibility, scalability, simplicity of management, and more. This factor fuels the growth of the segment.

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Based on region, the market across North America dominated the market with major share in 2020, accounting for around two-fifths of the global container security market. This is attributed to the fact that North America is home to a number of key players who offer advanced solutions related to this avant-garde technology. On the other hand, the market across Asia-Pacific is expected to witness the fastest CAGR of 32.7% from 2021 to 2030. This is because the prime players in the container security industry have been developing and adopting various advanced strategies to raise the penetration of AI-powered electronics equipment in the Aisa-Pacific region.

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In 2020, the on-premises segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 27.8% during the forecast period.

The large enterprises segment is projected to grow at a CAGR of 28.8% during the forecast period.

North America contributed for the major share in container security market, accounting for more than 40.1% share in 2020.

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

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