The global Container Security Market size is expected to grow from USD 568 million in 2019 to USD 2,178 million by 2024, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period. The global container security market is expected to have significant growth potential, due to the increasing vulnerabilities and cyberattacks, a large number of open-source vendors offering container platforms, increasing popularity of microservices, growing digital transformation across enterprises, and need to adhere to regulatory policies.
Large enterprises to account for a larger market size during the forecast period
Large enterprises are the early adopters of the container security technology, as they have a large number of vendors and service providers in the market and possess strong budget capabilities. In addition to this, large enterprises are investing in container security and associated services to cater to the dynamic customer needs, streamline business operations, and enhance the experience of the stakeholders. Moreover, affordability of resources and huge investment enable these organizations to leverage the benefits of container security.
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The BFSI vertical is projected to account for the largest market size during the forecast period
The Banking, Financial Services and Insurance (BFSI) vertical handles the crucial data of customers, including transaction passwords, account numbers, and card details, which need to be protected with the utmost importance. With the increasing financial industry regulations, traditional enterprises in the BFSI vertical need to evolve with advanced technologies to meet these regulatory needs. Hence, the BFSI vertical is expected to follow high-security standards to maintain critical information and is moving toward the adoption of cloud-based container services at a rapid pace. Container security offers various benefits, such as agile application delivery, operational scalability, and reduced complexities, thereby enabling the BFSI vertical to invest heavily in the market.
The major container security market vendors include Aqua Security (Israel), Alert Logic (US), Anchore (US), Qualys (US), Docker (US), NeuVector (US), Aporeto, (US), Trend Micro (Japan), Red Hat (US), CloudPassage (US), Black Duck (US), Twistlock (US), Thales Group (France), Google (US), and Guardicore (Israel). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global container security market. New product launches, partnerships, and collaborations have been the most adopted strategies by the major players from 2016 to 2019, which helped them innovate their offerings and broaden their customer base.
Aqua Security (Israel) is one of the key players in the container security market and provides scalable security for the complete development to deployment life cycle of containerized applications. The company’s Aqua Cloud Native Security Platform is designed specifically to address the challenges of visibility, control, isolation, intrusion detection, and intrusion prevention in container environments. Since 2015, Aqua Security has been enabling enterprises to secure the development and production of container-based applications, thereby accelerating container adoption and bridging the gap between DevOps and IT security. Its increasing investments and funds assist enterprises in adopting next-generation technologies and catering to a broad customer base. For instance, in April 2019, Aqua Security announced that it closed a Series C round of funding worth USD 62 million led by Insight Partners.
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Qualys (US) is one of the leading providers of cloud-based security and compliance solutions that help detect security weaknesses in critical IT infrastructure and protect from potential threats. The company also offers a cloud platform that consists of a suite of IT security, compliance monitoring, web application security, IT asset management, and cloud and container security solutions. To expand its global reach and accelerate the adoption of its product portfolio, the company intends to expand its relationships with key security vendors, resellers, and service providers. Qualys has established strategic partnerships with leading managed service providers and consulting organizations, such as Accenture, BT, Cognizant Technology Solutions, Deutsche Telekom, Fujitsu, HCL Technologies, HP Enterprise, IBM, Infosys, NTT, Optiv, SecureWorks, Tata Communications, Verizon, and Wipro.
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