Escalating cyber threats, rapid adoption of containerization, and regulatory compliance fuel the Container Security Market’s robust growth.
PORTLAND, OREGON, UNITED STATES, November 17, 2023 /EINPresswire.com/ — 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.
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.
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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.
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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The outbreak of the COVID-19 has significantly impacted the global container security industry. This is attributed to delay in deployment container security solution across prime enterprises and regions, which has significantly declined the growth of container security during the pandemic. However, rise in demand for cloud computing solutions propels the need for container security. Furthermore, the BFSI sector exhibited high growth potential in the deployment of container security, owing to surge in demand for cyber security, which is anticipated to drive the container security market growth post-pandemic.
On the basis of product, the on-premises segment dominated the container security market share in 2020, and is expected to maintain its dominance in the upcoming years, owing to rise in the shift toward cybersecurity solution across large enterprises. However, the cloud segment is expected to witness highest growth rate in the upcoming years, owing to surge in the adoption of the container security primarily to manage confidential information to boost smart infrastructure across the banking and government sector, which is expected to propel the growth of the container security market during the forecast period.
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The key players profiled in the container security industry include Alert Logic, Aqua Security, Capsule8, Cloud Passage, Nev Vector, Qualys, Trend Micro, Twist lock, StackRox, and Sysdig. These players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to strengthen their foothold in the container security industry.
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