The term containers as a service refers to an innovative term in which a cloud service model that enables users to maintain and deploy containers, clusters and applications with the containers-based virtualization. Whereas, the containers have been established over more than a decade ago. In the present era, it is becoming the hottest trend in data center virtualization. In the early days, most of the software applications utilized on a separate operating system (OS), but now the new feature of containers allows all the components to run on the individual OS. CaaS is extremely utilized and profitable to IT departments and developers in structuring the secure and scalable containerized applications. Additionally, the key players of this market are playing an important role by dominating the highest market share across the globe. Not only has this, with the effective applications the worldwide market of this will grow more effectively during the forecasted period.
According to the report analysis, ‘Worldwide Container As A Service (Caas) Market – Drivers, Opportunities, Trends, And Forecasts: 2016-2023’ it is states that there are several key players which are recently functioning in this market more significantly across the globe by adopting the attractive strategies and policies with the innovative technologies includes, Google, Amazon, Microsoft, IBM, HPE, Cisco System, VMware, Mesosphere Inc, CoreOS, Joyent Inc, Docker Inc, Red Hat Inc, Gaint Swarm, DH2i, ContainerShip Inc, Kyup, SaltStack and several others. The main software companies such as Amazon, Google, and IBM are already in the market and are investing in the growth of the technology. Moreover, the key players are using innovative technologies with the developing techniques of doing work which proved to be beneficial for leading the fastest market growth during the forecasted period. Further, this will result in making the more competitive market. In addition, the container as a service (CaaS) is the cloud provider’s container support service, which delivers the users with container engines, orchestration, and the computational resources to modify an application on a server. It is retained between IaaS and PaaS.
The Worldwide Container as a Service Market is expected to observe an effective CAGR of 34.48% during the forecast period of 2016-2023. The global CaaS market is analyzed and majorly based on the four segments such as application, deployment, verticals, and regions. On the basis of region, with the effective working techniques of the key players the market of Container as Services is spread across the globe which majorly includes Americas, Europe, Asia Pacific, and Middle East &Africa. Meanwhile, the Americas is set to be the prominent region for the CaaS market growth followed by Europe for the technology implementation. Moreover, the Asia Pacific and MEA are set to be the developing regions. The MEA market revenue is predictable to reach USD 122.5 million by 2023. Therefore, in the near future, it is expected that the global market of container as a service will increase more effectively over the recent few years with the handsome amount of investment in development of the technology by the existing key players.
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Ankur Gupta, Head Marketing & Communications