Northbrook, IL -- (SBWire) -- 09/25/2018 --Training, consulting, and integration services segment to hold the largest market size during the forecast period
Consulting service providers suggest, analyze, and guide customers through the solution types that are fit for their business needs, thereby helping save resources and costs before implementing the container orchestration platform. Training services aim to provide various educational programs to mitigate the knowledge gaps. Integration and deployment services aid in monitoring and protecting the entire IT infrastructure from issues and vulnerabilities.
Large enterprises segment to hold a larger market size during the forecast period
Large enterprises are defined as business entities with more than 1,000 employees. The adoption of container orchestration tools and services by large enterprises is high, and the trend is expected to continue during the forecast period. Large enterprises are heavily investing in advanced technologies to increase their overall productivity and efficiency. Additionally, they have a global presence, high market shares, technical expertise, and effective business strategies.
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Telecommunications and IT vertical to hold the largest market size in 2018
Telecom companies are eager to tap digitalization opportunities. They are modernizing their legacy applications to improve the digital customer experience. Moreover, the growing subscriber base and increasing adoption of various technologies related to media and digital content are creating the need to optimize resources for fulfilling customer demands in a timely manner.
North America to hold the largest market size in 2018 and Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
North America is estimated to hold the largest market size in the global container orchestration market in 2018, while APAC is expected to be the fastest growing region during the forecast period. North America is a matured market in terms of technology adoption, due to various factors such as standard regulations, advanced IT infrastructure, the presence of many enterprises, and availability of proficient technical expertise.
Major vendors providing container orchestration platform and services include SUSE (UK), Oracle (US), Microsoft (US), Red Hat (US), AWS (US), Google (US), Docker (US), Mesosphere (US), Rancher Labs (US), Cisco (US), Critical Stack (US), Giant Swarm (Germany), Ericsson (US), Aptible (US), Kontena (Finland), SaltStack (US), Hashicorp (US), Shippable (US), Heroku (US), Joyent (South Korea), Pivotal Software (US), and Cloudify (US).
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Container Orchestration Market Expected to Reach $743.3 Million by 2023
The container orchestration market size was USD 280.4 million in 2017 and is expected to reach USD 743.3 million by 2023, growing at a Compound Annual Growth Rate (CAGR) of 17.9%.