U.S. is expected to dominate the North Americas container technology market with over 80% market share by 2024 owing to the extensive presence of major players in the technology as well as infrastructure sector including Docker, CoreOS, AWS, Microsoft and IBM. With availability of robust IT infrastructure and technological expertise, the market will be characterized by consistent product development and commercialization by leading and emerging players operating in the region. Canada market on the other hand, is expected to witness fastest growth during the timeline due to high awareness about container technology among Canadian enterprises and excellent cloud service infrastructure provided by key players such as Microsoft and Amazon.
U.S. will dominate the container technology market throughout the forecast timeframe due to the availability of advanced ICT infrastructure in the region, consistent research and development activities performed by the technology providers and an extensive cloud network established by major cloud service providers. Moreover, Canada will have strong growth in the region due to growing inclination of enterprises towards migrating to cloud platforms for application processing and storage requirements. In Latin America, Brazil is expected to dominate the market with major players in the cloud and data center industry shifting their focus towards the country for strategic expansion into Latin America. Mexico is expected to emerge as the second fastest growing market for container technology in the region due to increasing awareness related to cloud computing by SMEs operating in the country.
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Consistent innovations performed by key players developing container solutions to effectively manage and run applications belonging to distinct computing platforms within containers will fuel the regional demand. By introducing new features for different functions such as data management and data security, organizations are enhancing the utility of their container solutions. Additionally, aggressive expansion by cloud service providers in Latin America to strengthen their presence and product portfolio in emerging markets such as Brazil, Mexico and Argentina, is also majorly assisting the growth of the Americas container technology market. However, factors such as low quality of broadband internet and lack of robust privacy and data security infrastructure in Latin America can restrain the market growth to some extent during the timeline.
Container data management applications will benefit from increasing deployment of heavy workloads through containerization in the region, giving rise to the need to efficiently manage the associated data. Container security application is projected to witness growth owing to growing concerns associated with protecting mission critical data encapsulated inside containers. Similarly, in Latin America, Container data management application will dominate the market during the timeline, whereas, container security application will exhibit high growth.
As per statistics, the BFSI sector would account for the maximum share of Americas container technology market from Latin America. This astounding estimate can be essentially credited to the expansion of the regional cloud computing market and the robust growth in the insurance and financial verticals in the LATAM economies. Furthermore, it would be prudent to state that the meteoric popularity that Kubernetes – an orchestration engine for container technology, has experienced so far in 2017, is an apt indicator of the fact that containers would be the next groundbreaking technologies that the IT space would witness, which would subsequently drive Americas container technology market share.
The commercialization graph of Americas container technology market, as is projected by leading analysts, would continue to witness an exponential curve in the forthcoming years, driven by the massive transformation that containers have brought about in the traditional IT framework and the extensive deployment of the technology by various organizations in order to accomplish flexibility and simplicity in the entire IT infrastructure. By and large, the increasing replacement of VMs by containers and the efforts undertaken by the federal and state governments to further commercialize the utilization of containers in the mainstream IT devices business space, would have profound impact on the revenue graph of Americas container technology market.
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