Market Dynamics
Global container and kubernetes security market drivers
Increase in cyberattacks and vulnerabilities
The adoption of container and Kubernetes security technologies is a result of the rise in worldwide threats from cyberattacks and the attractiveness of the container application solution over virtual machines. Cyberattacks are increasingly posing a danger to the cloud-native business, for example, according to Mark Nunnikhoven, vice president for cloud research at Trend Micro. Most docker containers are not running in over-privileged mode. On the other hand, cybersecurity technology is improving, such as the Kubernetes security solution. Consequently, it is expected to be a critical factor in the market's growth. Additionally, the development of hybrid cloud technology is necessary for an organization to store sensitive information since it allows for storing private and sensitive data while using public resources to operate applications.
Rising use of hybrid cloud technology across companies
The emergence of hybrid cloud technology is driven by the constantly rising demand for digital infrastructure combining private and Cloud systems. The technology management organization manages the IT and business transformation programs for hybrid cloud container applications. The digital business program is focused on investing in creating money, whereas the IT program is focused on conserving cash. Additionally, the hybrid cloud container technology is designed to operate over many infrastructures, including public clouds, private clouds, and on-premises resource platforms, providing attractive potential for industry expansion. The market for container and Kubernetes security has been expanding due to the increase in linked devices, which has also caused the generation of massive data blocks.
Global container and kubernetes security market restraint
Complexity of cloud environment management
There are many global advantages to the market, but cloud computing can increase IT infrastructure complexity, preventing market growth. For example, cloud complexity is brought on by an increase in cloud migration and new development that may expose other container resources in the environment to additional risk. The complexity of controlling cloud settings, which could reveal private information to the public, is another major factor impeding business expansion. Although Kubernetes and containers' security features have several drawbacks, if effectively implemented by an organization's IT staff, they could lead to a more efficient and safe cloud environment.
Global container and kubernetes security market opportunities
Increase in demand for cybersecurity in both the public and private sectors
The verticalization technology used by the government sector has undergone a significant transformation thanks to the container cloud application. Government and private companies have had a big chance to advance electronic defense strategies to safeguard government and personal application container systems against cyberattacks because containers and Kubernetes technology are implemented. Additionally, this container-based and Kubernetes-based security technology increase agencies' data centers' flexibility and efficiency, which boosts the operations' overall security. The development of container and Kubernetes security technology is further driven by a rise in numerous market-leading efforts, which is anticipated to create attractive growth prospects for the market.
Regional Analysis
North America Dominates the Global Market
The global container and kubernetes security market are bifurcated into four regions: North America, Europe, Asia-Pacific, and LAMEA.
North America is the most significant revenue contributor and is expected to grow at a CAGR of 24.30% during the forecast period. The United States, Canada, and Mexico make up North America. Due to its early adoption of container and Kubernetes security technologies, North America now maintains a prominent position in the market. It is predicted to have significant growth throughout the projection period. Due to the expansion in the use of sophisticated packaging solutions, which increases the requirement for container and Kubernetes security technology, there is an increased need for cloud platform and container application technology across many industries. Additionally, throughout the projection period, the container and Kubernetes security technology market is anticipated to be driven by the adoption of cloud infrastructure in the IT and telecommunications, and BFSI sectors.
Europe is expected to grow at a CAGR of 28.90% during the forecast period. The market is expected to be dominated by Europe. The leading companies in the market have been creating and implementing a wide range of cutting-edge tactics to accelerate the use of cloud computing technology in Europe, which is anticipated to drive the market's expansion. For instance, to fulfill the rising demand for Zero-Trust Kubernetes security solutions throughout Europe, the UK-based Stanford Research Institute collaborated with AccuKnox and is expected to launch a USD 4.6 million oversubscribed venture. Additionally, the adoption of application container technology has grown among large companies, mainly due to expanding DevOps and a rising emphasis on transforming digital cloud architecture in corporate environments.
In Asia-Pacific, the increase in knowledge of cloud computing technologies and cloud-native applications to improve resource efficiency and different benefits from the scalable cloud architecture is credited with driving the growth of the market. Due to the Asia-Pacific region's fast industrialization and urbanization, numerous significant participants in the Cloud and data center ecosystem have also been increasing their footprint in emerging economies like China and India. For instance, Alibaba Cloud promotes open-source technologies by businesses in the area. Additionally, by integrating cloud infrastructure technologies, the large companies in this region have transformed their fundamental business applications, enhancing the flexibility and security of their operations.
The LAMEA market have been expanding due to companies' increasing preference for cloud-based computing and cloud-native technology, primarily to achieve well-organized scalability in their operations and satisfy the shifting needs of the region's IT and telecommunication infrastructure. Government and private cloud revenue continue to increase quickly in the LAMEA region due to increased focus on cost-cutting by big businesses and governments and a growing need for flexibility and agility to adopt new business solutions. These factors are also anticipated to impact application container technology adoption positively.
Segmental Analysis
The global container and kubernetes security market are segmented by product type, component, organization size, and industry vertical.
Based on product type, the global market are bifurcated into Cloud and On-Premises.
The on-premises segment is the highest contributor to the market and is estimated to grow at a CAGR of 26.50% during the forecast period. Strongly regulated sectors have a high adoption rate of a container and Kubernetes security solutions across on-premises platforms due to the necessity of a tightly controlled data security infrastructure to secure sensitive information. Additionally, the on-premises deployment's constant development and modification, which shares some traits with cloud computing platforms, like a high degree of virtualization and relative independence from hardware constraints through extraction, has been a critical element in the market's expansion. Additionally, major market participants in the container and Kubernetes security space, such as Docker Inc. and Amazon Web Services, Inc., provide dependable platforms to expand on-premises deployment across numerous industries, which is advantageous for the industry.
A cloud platform is a server's hardware, operating system, and internet-based data center. The cloud platform comprises resources, including memory, operating systems, processors, apps, and storage, making them pay-per-use accessible across an internet platform. Additionally, the Cloud is designed to support the remote coexistence of hardware and software products at scale over the internet. As a result, the Cloud offers a high level of automation. Due to the multiple advantages of the container and Kubernetes security solutions, including enhanced flexibility, scalability, ease of administration, and more, these technologies are extensively employed for cloud-native applications.
Based on components, the global market are bifurcated into container security platforms and services.
The container security platform segment is the major contributor to the market and is estimated to grow at a CAGR of 26.90% during the forecast period. Every application on the platform and the infrastructure on which the container is based will be integrated with the security provided by the container. Large organizations use container and Kubernetes security platforms to improve the standard of their current security policies. Another significant element driving the development of container security platforms and, consequently, the development of the container and Kubernetes security industry is the increased volume of cyberattacks on cloud platforms coupled with an increase in the prevalence of numerous vulnerability threats.
Developers and IT departments may store, organize, upload, and administer container environments utilizing container-based virtualization thanks to the cloud service known as "container-as-a-service" (CaaS). Additionally, a container is a collection of software that includes runtime, configuration, code, and system libraries. Containers are expected to present lucrative opportunities for expanding the container-as-a-service market throughout the forecast period because of the ongoing supervision needed to ensure the security of databases. Implementation and integration, support and maintenance, and consulting services are the three different categories of services.
Based on organization size, the global market is bifurcated into small and medium enterprises and large enterprises.
The large enterprise segment is the highest contributor to the market and is estimated to grow at a CAGR of 27.30% during the forecast period. The market is expanding due to large businesses' increasing use of container and Kubernetes security solutions, mainly to streamline application development and provide more reliable operations. Furthermore, the security features of Kubernetes and containers are crucial in enabling the scaling, quick deployment, and patching of applications. There has been an increase in numerous initiatives by many leading organizations to encourage the adoption of container applications in large enterprises, which need a more flexible and secure environment. For instance, open-source software juggernaut Red Hat recently announced the acquisition of StackRox.
Along with large corporations, SMEs (small and medium-sized organizations) have been focusing more on cloud-based containers and Kubernetes security solutions than on-premises models, mainly to save money on infrastructure and maintenance. Due to the numerous advantages of virtualization, including the reduced time spent on routine IT administrative tasks and a system for continuous security monitoring, backup, and data protection, many SMEs have adopted it quickly. This has led to a demand for containers and Kubernetes security technology adoption. Small and medium-sized businesses have been adopting application container or cloud technology, which offers a less complex alternative to virtualization, in place of traditional on-premises architecture platforms due to the surge in new technological developments like cloud computing and virtualization.
Based on industry verticals, the global market are bifurcated into BFSI, healthcare, life sciences, and others.
The BFSI segment owns the highest market and is estimated to grow at a CAGR of 25.60% during the forecast period. Since handling and processing sensitive information is the primary function of the Banking, Financial Services, and Insurance (BFSI) industry, conducting cyberattacks requires container and Kubernetes security technology. In addition, the primary BFSI sector has seen significant technical upheaval and raised consumer expectations, encouraging banking and financial institutions to adopt application containers to create architecturally transparent apps, more secure and scalable. Throughout the forecast period, these elements are anticipated to fuel the market.
To improve consumer loyalty, contextual marketing, merchandising, and pricing optimization, retail organizations have been expanding their investments in information technology. The retail business has adopted more Internet of Things (IoT) and cloud-based apps to support workloads, which in turn requires continuous monitoring due to an increase in the potential of cyberattacks. Due to the rising demand for understanding consumer purchasing behavior and the growing trend toward consumer information data storage systems in the retail and consumer goods industries, container technology is finding lucrative applications, fueling the expansion of the markets in this industry.
Electronic health records (EHR) have been widely used in the healthcare industry, allowing physicians to increase patient involvement and providing access to authorized users. Around the world, pressure is mounting on healthcare organizations to adopt cutting-edge technology and put the needs of their patients first. More production pipeline transparency may be possible with security technologies like Kubernetes and containers. Due to the rapid advancements in the healthcare sector, there are more prospects in the container and Kubernetes security technology market, which are linked to adopting Big Data, quicker application development, and cloud-native technology.
