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The global container security market size was valued at USD 1.93 billion in 2023 and is projected to be worth USD 2.35 billion in 2024 and reach USD 12.61 billion by 2032, exhibiting a CAGR of 23.4% during the forecast (2024-2032). North America accounted for a market value of USD 0.71 billion in 2023. The report focuses on key players, including Microsoft Corporation, Amazon Web Services, Inc., Alphabet Inc. (Google LLC), IBM Corporation, VMware, Inc., Palo Alto Networks, McAfee Corporation, Cisco Systems, Inc., Tenable, Inc., Trend Micro Incorporated, and many others that provide solutions and services for container security.
Cloud-based systems, such as Salesforce and Zoom are essential for enabling knowledge workers to interact successfully from home, but public cloud hosting suppliers, such as Google Cloud and AWS have had great success. These factors will further support the growth of the container security industry during the forecast period. The dependencies between a virtual machine and its Operating System (OS) have become a critical task for developers in the era of cloud computing and application development tools. Application portability across clouds is a key element in adopting containers and container-related technologies, such as Docker and Kubernetes to accelerate DevOps time to market.
At the beginning of the COVID-19 pandemic, many businesses were required to quickly adopt cloud applications to allow employees to work effectively outside the office, away from traditional network security tools. Although containers offer some degree of isolation between various applications running on an endpoint, they are still vulnerable to attack. To stop malicious software from entering or exiting their containers, DevOps and security teams must comprehend the risks associated with container security solutions.
Advancement in Security Policy is a Key Trend
The way organizations manage their security policy has changed as a result of updating their containers. "Policy as code" is rapidly becoming achievable, and organizations are witnessing the beginning of a security application revolution at this time. This is due to the fact that security tools are now a part of the DevOps process. Instead of delegating security to a single team, many teams tackled it together. The entire procedure is extremely streamlined as organizations designate security policies for new deployments.
With security policies becoming the industry standard for application deployment, there has been a significant increase in demand for container security services. Although containers are neither more nor less secure than other applications, they have the advantage of being perceived as being more secure than traditional applications.
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Increasing Adoption of Serverless Technologies to Propel Market Growth
Enterprises are realizing that container technology is paving the way for cloud 2.0. They see this opportunity by moving beyond their VM-centric cloud infrastructure and adopting more data-centric and service-centric solutions. Enterprises also want to transform their cloud capabilities by using serverless containerization, cross-cluster, hyper-scale management, and advanced technologies, along with the aforementioned services and safety nets. Cloud 2.0 provides native cloud security, allowing enterprises to use containers securely.
Customers are adopting serverless technologies for IT infrastructures to deal with maintenance costs and security. They are also utilizing this technology to control the processes of their framework. Due to its simplicity and financial benefits, serverless processing is receiving critical consideration in the business world as a convincing worldview to send applications and administrations on the lookout.
The acceleration is shifting the focus on containers and serverless computing, which will allow enterprises to optimize their operations further.
Lack of Governance, Visibility, and Standardization to Restrict Market Growth
Some DevOps groups avoid formal security cycles and compartment checking, which can create basic security weaknesses. Programming misconfiguration and IAM secondary passage linkage can make gigantic holes on the lookout. As per a security priorities study by Foundry,container security incidents account for more than 90% of the current organization's security dangers, a considerable lot of which are huge security threats. Containers make codes run quicker and more productively; however, the action inside the containers is generally undetectable to security groups. Existing security devices don't screen which containers are running, what they are doing, or flag organizational actions.
Container-based security standards have become a challenge as they are based on outdated methods, making it difficult for some organizations to overcome the obstacles. In addition to several security standards, the proliferation of containers, tools, and platforms is creating security issues.
Growing Adoption of Cloud to Boost Demand for Container Security Solutions
Based on deployment mode, the market is segmented into cloud and on-premise.
In 2022, the cloud segment accounted for a larger global container security market share and is projected to record a high CAGR during the forecast period. The growing usage of the cloud deployment model is attributed to an increase in data loss and privacy concerns, which is accelerating the demand for solutions and services.
Additionally, large quantities of sensitive data of various applications are being stored in data containers as a result of the continuous adoption of cloud services. Moreover, businesses recognize the opportunities presented by adopting solutions that are more focused on data and services rather than just virtual machines in cloud infrastructures. This factor may surge the demand for cloud solutions.
Robust Use of Vulnerability Management Applications to Tackle Cyberattacks will Fuel Market Progress.
Based on application, the market is segmented into vulnerability management, runtime management, compliance management, authentication management, infrastructure security management, and access management.
The vulnerability management segment is dominating the market due to the significant increase in cyber-attacks and security threats in recent years. If left unchecked, vulnerabilities in security programs and other business applications can pose extreme risks. Enterprises are mitigating the impact of external attacks through proactive vulnerability management, which is expected to increase the demand for this application during the forecast period.
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BFSI to Dominate the Market Due to Rise in Use of Digital Technologies
By end-user, the market is divided into BFSI, retail & consumer goods, government, healthcare, IT & telecom, manufacturing, and others. Containers have become an essential tool across banks and financial service firms that have to use digital technologies on a large scale. Organizations using container security solutions and services started gaining the attention of a wider audience, which achieved the same technology benefits of enhanced application delivery and run-time efficiencies.
Thus, container security in BFSI has helped to deliver better applications and services, in turn, leading to a larger market share.
The market covers various regions, such as North America, South America, Europe, the Middle East & Africa, and Asia Pacific, and each region is further studied across countries.
North America Container Security Market Size, 2023 (USD Billion)
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The North American market is predicted to generate the maximum revenue share throughout the forecast period. The regional market growth is accelerated by an increase in IT spending and investment in containers for security reasons.
Many key players, such as Microsoft, IBM, VMware, and others, are adopting container security solutions and services on a large scale. Moreover, increasing investments in R&D activities to develop advanced container solutions and strategic partnerships by companies in this regard will support the growth of the regional market.
For instance, in May 2021, NeuVector announced that IBM Cloud clients could now access Kubernetes, an end-to-end container security platform, through the IBM Cloud index.
The BFSI industry in North America is also extensively using container security solutions as security threats continue to grow. BFSI and healthcare are the major sectors surging the demand for these solutions. A transition from VPNs to zero trust network access is also increasing product adoption in the region, thereby having a positive impact on the market growth.
Strategic Acquisitions to Boost Market Expansion of Key Players
The major players in the global market are focusing on providing advanced solutions and increasing their investments in R&D initiatives to introduce products and update existing solutions to expand their customer base and market presence.
In addition, these players are adopting partnership and acquisition strategies to expand their business in new regions and offer better customer experience.
An Infographic Representation of Container Security Market
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The research report highlights leading regions across the world to offer users a better understanding of the market. Furthermore, the report provides insights into the latest industry trends and analyzes technologies deployed at a rapid pace at the global level. It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the market.
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 23.4% from 2024 to 2032 |
Unit | Value (USD billion) |
Segmentation | By Deployment Mode
By Application
By End-user
By Region
|
The market value is projected to reach USD 12.61 billion by 2032.
In 2023, the market value stood at USD 1.93 billion.
The market is projected to record a CAGR of 23.4% during the forecast period of 2024-2032.
The vulnerability management segment is likely to lead the market.
Advancements in security policies are driving the market growth.
Microsoft Corporation, Amazon Web Services, Inc, Alphabet Inc. (Google LLC), IBM Corporation, VMware, Inc, Palo Alto Networks, McAfee Corporation, Cisco Systems, Inc., Tenable, Inc, and Trend Micro Incorporated are the top players in the market.
North America is expected to hold the largest market share.
North America is expected to record the highest CAGR during the forecast period.
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