Container Security Market Expected to Reach $7.57 Billion by 2030

According to a new report published by Allied Market Research, titled, “Container Security Market by Product, Component, Organizational Size, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global container security market size was valued at $571.47 million in 2020, and is projected to reach $7.57 billion by 2030, registering a CAGR of 29.2% from 2021 to 2030.

Container security is the process of protecting containers against viruses, data leakage, and other risks throughout the container lifespan. The docker security controls risks across the whole environment, including the software supply chain or CI/CD pipeline, infrastructure, and container runtime, and life cycle management apps operating on containers. In addition, the increase in concern related to container cyber security across the healthcare, IT & telecommunication, and government sectors is forecast to propel the demand for the container security market.

Increase in adoption of cloud-based containers in prime industries coupled with rise in vulnerability and cybersecurity to promote container security platforms drive the growth of the global market. However, lack of awareness about container technologies and security and limited security budget among SMEs is anticipated to restrain the market growth. Conversely, presence of a large number of open-source venders offering container platform paired with surge in popularity of microservices and digital transformation are expected to drive the need for the container security, which, in turn, are anticipated to offer remunerative opportunities for market expansion during the forecast period.

According to container security market trends, the on-premises segment was the highest contributor to the market in 2020. The BFSI and IT & telecommunication collectively accounted for around 42.6% market share in 2020. Rise in technological advancement in data centers drives the growth of the solution segment.

The outbreak of the COVID-19 has significantly impacted the global container security industry. This is attributed to delay in deployment container security solution across prime enterprises and regions, which has significantly declined the growth of container security during the pandemic. However, rise in demand for cloud computing solutions propels the need for container security. Furthermore, the BFSI sector exhibited high growth potential in the deployment of container security, owing to surge in demand for cyber security, which is anticipated to drive the container security market growth post-pandemic.

On the basis of product, the on-premises segment dominated the container security market share in 2020, and is expected to maintain its dominance in the upcoming years, owing to rise in the shift toward cybersecurity solution across large enterprises. However, the cloud segment is expected to witness highest growth rate in the upcoming years, owing to surge in the adoption of the container security primarily to manage confidential information to boost smart infrastructure across the banking and government sector, which is expected to propel the growth of the container security market during the forecast period.

Region wise, the container security market was dominated by North America in 2020, and is expected to retain its position during the forecast period. This is attributed to the presence of prime vendors in the region and availability of advanced technological solutions. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to surge in deployment of cloud computing technology across China and Japan and rise in additional initiatives by a prime player in this region to promote artificial intelligence-powered solutions are anticipated to drive the market growth.

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 27.8% during the forecast period.
• The large enterprises segment is projected to grow at a CAGR of 28.8% during the forecast period.
• North America contributed for the major share in container security  market, accounting for more than 40.1% share in 2020.

The key players profiled in the container security  industry include Alert Logic, Aqua Security, Capsule8, Cloud Passage, Nev Vector, Qualys, Trend Micro, Twist lock, StackRox, and Sysdig. These players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to strengthen their foothold in the container security  industry.