The cloud market, while young, has a lot of potential, prompting excitement and growth. A recent report from Reportlinker.com has found that Container as a Service (CaaS) in particular is going from strength to strength.
In the ‘Container As A Service Global Market Report 2023’, Reportlinker.com expects the global market to grow from $1.62bn last year to $2.55bn this year, a compound annual growth rate of 30%. Consequently, it’s predicted to reach $7.32bn by 2027. The report looks at the industry in Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
What is Container As A Service (CaaS)?
Containers are packages of software that can be placed into any environment, as they have all the elements required to operate. CaaS, is a cloud service that provides a framework for developers to manage container-based applications. It can be applied in public, private or hybrid cloud models, for all sizes of business. Although a relatively new technology, it’s used in a wide variety of industries including the financial sector, healthcare and education.
CaaS Grows Alongside Hybrid Cloud
North America dominates the container market. The report names the top players as Amazon Web Services (AWS), ContainerShip, Cisco System, CoreOS, DH2i, Giant Swarm, Docker Inc, HPE, Google and IBM.
It’s predicted that as hybrid cloud models become more popular, CaaS is likely to grow in tandem. Why is this? As hybrid systems combine on-premises infrastructure with public or private cloud, it’s thought that CaaS would allow companies using this method to keep control.
What’s the difference between public, private and hybrid cloud? See here: The Cloud Computing Conundrum: Public, Private, or Hybrid?
What’s The Attraction?
Traditionally, most software applications operated using several different systems, but with the newfound dominance of CaaS many more are using single operating systems. As containers are becoming more able to offer these sorts of solutions and microservices, the market is expanding. CaaS offers lots of benefits to users, not least managing risk and increasing productivity, making its growing popularity understandable.
As the whole cloud market grows, we’ll continue to see new innovations and more niche corners of the industry emerge. CaaS plays a vital role in connecting various other elements of the cloud, so it’s clear why it’s growing so rapidly.
What do you think is due recognition next? Let us know in the comments!