Container and Kubernetes Security Market Expected to Reach $8,242.0 Million by 2030

According to a new report published by Allied Market Research, titled, “Container and Kubernetes Security Market by Product, Components, Organizational Size, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the container and Kubernetes security market size was valued at $714.0 million in 2020, and is projected to reach at $8,242.0 million by 2030, growing at a CAGR of 27.4 % from 2021 to 2030.

Container security is a standard unit of software used to package up code and all its dependencies that are anticipated to condense the process of building and establish cloud-native applications. Furthermore, the Kubernetes security technology is an open-sourced orchestration engine hosted by the cloud-native computing foundation (CNCF) for scaling, automating marshaling, and administration of containerized applications. Moreover, the growing concern related to container cyber security across the healthcare, IT & telecommunication, and government sectors is anticipated to propel the demand for container and Kubernetes security market.

Rise in concerns related to vulnerabilities and cyberattacks across the globe and surge in popularity of microservices drive the market growth. However, misuse of container images and various communication and network laws are anticipated to restrain the market growth. Further, increase in implementation of hybrid cloud technology across prime venders is expected to provide lucrative opportunities for the container and Kubernetes security industry during the forecast period.

The large enterprise segment was the highest contributor to the container and kubernetes security market share in 2020. The BFSI and IT & telecommunication segments collectively accounted for around 42.6% market share in 2020. Surge in adoption of hybrid cloud technology application across large enterprises has led the growth of this segment; thereby, enhancing the container and Kubernetes security market growth.

The emergence of COVID-19 has significantly boosted the growth of the cyber security market, subsequently propelling the demand for container and Kubernetes security technology across the globe. However, the partial or complete lockdown in various regions has significantly impacted the growth of the container and Kubernetes security market due to lack of availability of skilled workforce during the pandemic.

Moreover, rise in investments from various prime industries is expected to hamper the market growth in the coming years. Besides, the IT & telecommunication sector has witnessed prominent growth during and post-pandemic for the container security market.

Region wise, North America holds a significant share in the global container and Kubernetes security market. The adoption of hybrid cloud technology at the IT & telecommunication level is expected to propel the container and Kubernetes security industry in this region. Moreover, surge in demand for container service platform across retail & consumer and BFSI good sectors in North America is anticipated to boost the growth of the container security market in this region.

Key Findings Of The Study

• In 2020, the on-premises segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 26.1% during the forecast period.
• The BFSI and IT & telecommunication segments together accounted for around 42.6% of the container and kubernetes security market in 2020.
• The healthcare & life science segment is projected to growth at a CAGR of 32.7% during the forecast period.
• North America contributed for the major share in kubernetes security market, accounting for more than 40.1% share in 2020.

The key players profiled in the report include Alert Logic, Aqua Security, Capsule8, Cloud Passage, Nev Vector, Qualys, Trend Micro, Twist lock, StackRox, and Sysdig. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the Kubernetes security market. This study includes container and kubernetes security market trends, container and kubernetes security market analysis, and future estimations to determine the imminent investment pockets.