Americas Container Technology Market Size

Americas Container Technology Market Size

Americas Container Technology Market size was estimated at over USD 300 million in 2016 with a CAGR of over 35% from 2017 to 2024.

Americas container technology market is registering swift growth owing to the availability of highly advanced ICT infrastructure in the U.S. and Canada along with increasing focus on technology innovation and strategic expansion by major players. With major technology and infrastructure providers operating out of the U.S., there is abundant adoption of container technology in North America. As enterprises in the region readily accept innovative technologies, the market is expected to dominate the global container technology landscape over the next 5 to 10 years.

With key global players in the cloud computing and data center industry investing heavily in countries such as Brazil and Mexico, the Latin American container technology market is expected to exhibit lucrative growth during the timeline. Moreover, governments in this region are taking favorable measures to speed up the adoption of the cloud technology, SMEs in the region are likely to move their application processing and data storage to cloud platforms for optimizing their processes in a cost-effective manner.