Docker is set to lead the APAC container technology market by 2024 while holding a significant market share of over 74%. This dominance can be attributed to high adoption of the technology as it enables easy virtualization of applications and is supported by major cloud platforms available in the region. Moreover, majority of the providers have collaborated with company Docker to offer their applications and services on their platform. Rkt framework is forecast to witness growth in the region due to the gaining growing of cloud technology and investment by players such as HP, Cisco, and IBM.
Container data management function is expected to hold the largest share of the market with more than 20% of the total revenue due to increasing volumes of data being migrated to cloud platforms. As public services and businesses operating in the region are producing large quantities of data consistently, the need to manage this data encapsulated in containers is expected to increase during the period. The container security function will register fastest growth between 2017 and 2024 as increasing adoption of container technology will lead to growing concerns related to security of mission critical data.
The reluctance of organizations to migrate to adopt cloud or hosted platforms as opposed to the conventional in-house IT infrastructure will spur on-premise deployment. Cloud deployment model on the other hand, is expected to exhibit fastest growth during the forecast period with a CAGR of over 40% owing to favorable government initiatives in many countries to promote adoption of cloud platforms for increasing operational efficiency.
The BFSI application market will hold the most significant share of the APAC container technology market by 2024 owing to numerous benefits offered by container technology to effectively run and manage high-resource workloads in a scalable and cost-effective manner. The IT & telecom sector is expected to register fastest growth during the period due to increase in number of mobile devices, significant upgrades of telecom and internet networks, and increasing number of IT start-ups in the region.
China container technology market is projected to dominate the industry by 2024 owing to the presence of significant Docker user community along with cloud service providers establishing datacenters in the country to comply with regulatory legislations. India, on the other hand, is expected to exhibit second fastest growth between 2017 and 2024 owing to recent government initiatives for digital transformation of the economy and the administration.
Singapore and Malaysia are becoming the hub for investment of datacenters, offering opportunity to the providers to provide new software applications and services. For instance, in 2015, Alibaba Cloud expanded its business by setting international headquarters in Singapore to accelerate its international expansion. Also, in 2017, Alibaba opened Malaysia’s first global public platform. The company strategically expanded into Malaysia to strengthen its position in the Southeast Asia market with the datacenter acting as a node for data traffic in the region.