EMEA Container Technology Market to cross $2.4bn by 2024

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EMEA Container Technology Market to grow at 35
CAGR over 2017-2024
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Key Insights from EMEA Container Technology
Market

• The EMEA Container Technology Market growth is
  attributed to increasing need for improving
  developer efficiency and resource utilization,
  need for improving scalability and lowering costs
  and demand for supporting microservices
  architectures. A major benefit of using
  containers is their portability. As they wrap an
  application along with its runtime environment
  including dependencies and libraries, they can be
  reliably executed in different environments such
  as local desktops, physical/virtual servers and
  production/testing/staging or deployment
  environments.
• Organizations can considerably speed up their
  development process owing to this portability.
  However, containerization also involves some
  challenges for organizations, which include
  persistent storage issues, effective networking,
  data management and multi-cloud support.
  Providers such as Docker are incorporating
  pluggable networking and security capabilities to
  overcome such limitations.

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Continued...

• Docker dominates the EMEA container technology
  market owing to increasing adoption to
  containerize enterprise applications and Docker
  support offered by almost all major cloud service
  providers. Rkt is expected to grow with over 38
  CAGR in Europe owing to its enhanced capability
  to ensure container security.
• Container data management application is expected
  to hold a dominant share in the Europe container
  technology market with increasing emphasis by
  players in the industry to develop and
  commercialize improved orchestration tools for
  operating and managing large container clusters.
  Container security industry will witness fastest
  growth between 2017 to 2024 with a CAGR of
  approximately 38 due to increasing incidences of
  cyber-crimes such as data thefts giving rise to
  the need to ensure effective data security. In
  the MEA region, container networking will
  experience high growth as enterprises are
  emphasizing on enhancing connectivity between
  containers as well as between containers and
  hosts.

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Continued...

• Cloud container market growth can be attributed
  to increasing inclination of enterprises towards
  shifting to cloud computing platforms. This trend
  will be witnessed in both Europe and MEA due to
  the advantages of this model, including
  cost-efficiency as well as scalability.
• The container technology market is exhibiting
  significant growth and is primarily composed of
  two types of companies namely, the technology
  providers and the infrastructure providers. The
  competition between technology providers will
  become increasingly intense over the forecast
  period as new entrants in the market are
  providing favorable alternatives to Dockers
  container software which predominantly led the
  market. Infrastructure providers manly comprise
  of cloud service providers such as Amazon Web
  Services, Microsoft and Alibaba who provide cloud
  hosting services to the enterprises who need to
  deploy their containerized applications over
  cloud networks.

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Europe Container Technology Market Size, By
Application, 2016 2024 (USD Million)

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Regional Insights in EMEA Container Technology
Market

• In Europe, BFSI applications are expected to hold
  the largest market share owing to the need for
  deploying, executing and managing high volumes of
  resource-intensive workloads in datacenters over
  cloud networks. Telecom and IT sector will grow
  with the highest CAGR during the timeline owing
  to increasing adoption of cloud computing by IT
  solutions and services providers in the region.
• UK leads the Europe container technology market
  owing to favorable government initiatives to
  adopt cloud-based solutions and increasing use of
  microservices by businesses operating in this
  region. GCC holds majority of the share in MEA
  region owing to increase in the use of software
  applications and demand of proper networking and
  connectivity in virtual machines.

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