APAC container technology market to register a staggering CAGR of 40% over 2017-2024, China to lead the regional terrain
Publisher : Fractovia | Published Date : 2017-12-14Request Sample
APAC container technology market has undoubtedly been one of the most pronounced verticals in terms of remuneration portfolio over the years. With an industry valuation of USD 120 million in 2016, the industry is now slated to witness a rather commendable commercialization in the coming years. Industry experts project the APAC container technology market to enroll its name in the billion-dollar fraternity by 2024, with China, Singapore, and India bagging most of the profitability ratio. The major factors that can be credited for the exceptional proceeds in these regions are the expanding IT sector, the consequently increasing data volumes and their storage demands, and the evolving appetite for cloud computing. The regional enterprises, it has been observed, are actively embracing container technology over virtual machines to increase the efficiency quotient while handling huge data traffic.
China Container Technology Market Size, By End-use, 2016 & 2024 (USD Million)
In fact, the participation by the technology behemoths in the developing APAC container technology market space can be testified by the success of the closed-door meeting organized by InfoQ, China. The so dubbed CNUT container technology club witnessed an appreciable participation of regional technology giants including Huawei, Tencent, Alibaba, Mi, Baidu, JD, Qihu, Meituan, and Ctrip. The meeting, reportedly focused on connecting the regional companies with mutual interest in container technology and encourage China’s container technology industry progressions. Apparently, the move has had a vivid influence on China market, which as per experts will lead the regional landscape of APAC container technology industry over the coming seven years.
Amid China’s leading presence in APAC container technology market, India, Singapore, and Malaysia are also projected to emerge as lucrative growth avenues, in terms of demand. With these regions actively embracing advanced cloud & software technologies on a wider scale, it is needless to say that they are becoming major investment hubs with regard to datacenter development. A significant instance validating the aforementioned fact is of Alibaba Cloud, which in 2015, set its international headquarters in Singapore to further expand its international business. Two years later, Alibaba strategically opened its another global public platform in Malaysia to further strengthen its position in the Southeast Asia market, which as per experts will turn out to be a profitable destination for APAC container technology market players in the coming years.
Docker to lead APAC container technology market
Particularizing on the technological landscape of APAC container technology industry, Docker has been identified to be a frontrunner over other existing container technologies such as FreeBSD Jails, LXC & LXD, Rkt, and Containerd. As a matter of fact, APAC container technology market report claims Docker to hold a major chunk of as large as 74% of the market pie. The dominance of this sector can be majorly attributed to Docker’s ability to be the most adaptive, portable, and easily accessible platform to run applications. Basically, container allows a developer to package up an application with all the parts it needs, such as codes, running tools, libraries, settings, and other dependencies, and further ships it all out as a single package. Taking into account these benefits, a huge surge in the deployment of these dockers has been witnessed across the enterprises, which, as per experts is also posing a phenomenal challenge to the market size of virtual machines.
It is prudent to mention that, Rkt will also witness remarkable gains in terms of its adoption and will stand as a primary rival for Docker technology in the ensuing years. In fact, Rkt technology is claimed to witness a staggering CAGR of 40% over the period of 2017-2024.
Speaking of the competitive landscape, APAC container technology industry, at present is rather fragmented with a myriad range of participants spanning the cloud companies, container technology developers, and the software giants. Some of the renowned names in this space are Docker, Mesosphere, Amazon, Cloud Foundry, Sysdig, ClusterHQ, Twistlock, Cisco, Microsoft, HP, IBM, and Red Hat. Strategic collaborations and mergers are deemed to be the popular growth tactics by the players to explore the market opportunities. Citing a relevant instance, in October 2017, IBM expanded its partnership with Docker Inc., to drive apps and make it easier for the clients to modernize their existing applications that are combined with IBM Cloud and Docker Enterprise Edition software and services. Another such instance, was Docker’s merger with Cisco and HP for containerized data-center. These instances vividly reflect the disruptive impact of the container technology which is just not obvious in hindsight, but is also quite profound in reality. Significantly driven by the evolving appetite for this technology in the humongous IT sector, APAC container technology industry share, as per Global Market Insights, Inc., is anticipated to surpass a valuation of USD 1.5 billion by 2024.
