Container Security Market size is poised to reach $3.6 billion by 2026
– MarketsandMarkets
The global container security market is expected to reach USD 3.6 billion by 2026, registering a compound annual growth rate (CAGR) of 16.7 per cent from 2021 to 2026.
This growth is attributed to the rising need for visibility into the components of the container, secure storage, and protection of the container from malicious actors, as well as the increasing number of development activities associated with the DevOps environments.
The container security market is segmented on the basis of component, deployment, organization size, end-user, and region.
The component segment is sub-segmented into solutions, services, and support.
The solutions segment is expected to witness the highest CAGR during the forecast period.
The solutions segment is estimated to witness the highest CAGR as they enable enhanced security detection, secure access, and container protection for businesses of all sizes.
On the basis of deployment, the market is segmented into cloud and on-premises.
The cloud segment holds the largest market share in 2020 and is expected to witness the highest CAGR during the forecast period.
The large share of the market can be attributed to its numerous benefits such as greater scalability, flexibility, cost savings, and increased efficiency.
Based on organization size, the global container security market is divided into large enterprises and small & medium-sized enterprises (SMEs).
The large enterprise segment is expected to witness the highest CAGR owing to the rising need for automation in their container deployments, adoption of distributed and cloud-native applications, and the rising deployment of software containers.
Based on end-user, the container security market is categorized into healthcare, telecommunications & IT, BFSI, manufacturing, government & defense, and others.
The telecommunications & IT end-user segment is estimated to dominate the market, followed by the manufacturing end-user segment, during the forecast period.
The large share of the market is attributed to the rising investments by telecommunications & IT organizations for container-centric solutions and services.
The container security market is dominated by North America in 2020, followed by Europe and Asia Pacific (APAC).
The large share of the market can be attributed to the presence of a strong IT infrastructure, increasing awareness about the need for container security solutions, and strong presence of leading cloud providers.
APAC is expected to witness the highest CAGR during the forecast period, due to the increasing investments in digital transformation initiatives and trend
Link: https://www.marketsandmarketsblog.com/container-security-market-size-is-poised-to-reach-3-6-billion-by-2026.html