Container Security Market to Grow At 30% CAGR by 2024
Globally, containers technology has gained popularity as a major advantage for IT firms in achieving the goal of high-speed application delivery.
Given this reason, there is growing adoption of containers across organizations of all sizes.
Alongside ensuring speedy process delivery, containers also offered a security advantage to the companies thus becoming their need of the hour.
Given this demand for container security, there is a promising future for the global container security market.
As per the market research estimates, the global container security market is poised to grow from USD 568 million in 2019 to USD 2,178 million by 2024, at a CAGR of 30 percent.
The growing number of threats and cyberattacks, rise in the rate of open source vendors offering container platforms, microservices demand, increasing digital transformation adoption and adherence to regulatory policies are going to be the key drivers for the container security demand.
Why Container Security Demand?
By bridging the Dev-Ops gaps and encouraging container adoption across the process chain, container security platform promises enhanced security to virtual container environments right from development to production phase.
The container security platforms also provide complete visibility and improved transparency into the container activity.
This helps organizations detect any possible vulnerabilities and threats, and implement relevant regulatory policies backed by automated security.
[ALSO READ: 2019 Container Adoption Survey]
Deployment and Integration Services on Demand
Simplifying the deployment process naturally makes the job easy for implementing a process, reduce service interruptions and reduce deployment costs.
While implementing container security, it’s imperative to meet the regulatory and compliance requirements set by the respective bodies. Integrating them easily is a crucial part, where integration services come into play.
So, deployment and integration services are expected to witness a rise in demand during the forecast period (2019-2024).
North America is expected to lead the global demand for container security, owing to its R&D facilities. The North America Container Security market is highly competitive with major R&D and innovation activities centered in US and Canada.