APAC Container Technology Market Size

APAC Container Technology Market Size

APAC Container Technology Market size was around USD 120 million in 2016 with nearly 40% CAGR estimation from 2017 to 2024.

The APAC container technology market is expected to witness exponential growth during the analysis period due to rapidly advancing industrialization and sustained economic growth in countries such as India, China, and Singapore. With governments in the region promoting adoption of cloud computing through various initiatives and favorable legislations, the businesses operating in this region will increasingly adopt containers to effectively virtualize workloads over cloud networks. Moreover, emerging startups in the region are leveraging the scalability and cost-effectiveness of cloud platforms to focus on their core competencies and reduce the time-to-market.

With global leaders such as AWS and IBM undertaking strategic expansions in the region, the demand for container technology to manage and store huge data volumes is likely to increase significantly between 2017 and 2024.  Also, large enterprises are investing in datacenters and traditional hardware systems in developing countries such as India and China help in increasing the market revenue and capture the untapped market.