How applications container revenue will reach $4.3 billion: Growth drivers and trends

The global market for server virtualization technologies has experienced relatively low growth as more CIOs and CTOs consider alternative approaches to support their developer's need for agile IT infrastructure deployment. While some early adopters are experimenting with 'serverless' solutions, the mainstream market is utilising software applications container solutions. According to the latest worldwide study by 451 Research, the emerging applications container market will continue to expand and be worth more than $2.1 billion in 2019 and more than $4.3 billion by 2022 – that's a compound annual growth rate (CAGR) of 30 percent. When 451 Research first published a forecast on the container market two years ago, there were 125 companies identified in their market analysis. Included in the most recent forecast is an examination of 184 vendors, which represents about a 50 percent increase from the number of vendors in late 2016.