Global Container Monitoring Market Size By Deployment Type, By Component, By Organization Size, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Container Monitoring Market Size By Deployment Type, By Component, By Organization Size, By Geographic Scope And Forecast
Container Monitoring Market Size and Forecast
Container Monitoring Market size was valued at USD 888.5 Million in 2024 and is projected to reach USD 7262.42 Million by 2031, growing at a CAGR of 33.13% from 2024 to 2031.
- Container monitoring is the process of tracking the operation and performance of containerized applications using metrics including CPU consumption, memory utilization, network traffic, and application health indicators.
- It aids in the early detection of anomalies, the optimization of resource use, and the seamless operation of containerized workloads. Container monitoring is critical for applications built on new microservices architectures to ensure peak performance and stability.
Global Container Monitoring Market Dynamics
The key market dynamics that are shaping the container monitoring market include
Key Market Drivers
- Rapid Adoption of Containerization and Microservices Architecture The growing usage of containerization and microservices in application development is a key driver of the container monitoring market. According to the Cloud Native Computing Foundation’s (CNCF) 2021 poll, 96% of enterprises are now using or considering Kubernetes, a prominent container orchestration technology. The poll also revealed that 93% of respondents use or are contemplating employing containers in production. This extensive use generates a high need for container monitoring solutions that assure optimal performance and security.
- Growing Cloud Infrastructure and Services The growth of cloud computing is increasing the demand for container monitoring. According to Gartner, worldwide end-user expenditure on public cloud services is expected to rise 20.7% to USD 591.8 Billion in 2023, up from USD 490.3 Billion in 2022. The Infrastructure as a Service (IaaS) category, which frequently includes containerized workloads, is expected to see the largest end-user spending growth in 2023, at 29.8%. This increase in cloud infrastructure needs robust container monitoring solutions for managing and optimizing containerized applications.
- Increasing Focus on Cybersecurity and ComplianceThe growing concerns about cybersecurity and the requirement for regulatory compliance are driving the development of container monitoring solutions. According to the IBM Cost of a Data Breach Report 2022, the average cost of a data breach hit a record high of USD 4.35 Million in 2022. For firms that used security AI and automation, the average cost of a breach was USD 3.05 Million less. Container monitoring technologies, which frequently integrate security capabilities, are critical for detecting and addressing potential vulnerabilities in containerized settings, hence boosting market growth.
Key Challenges
- High Cost and Complex Integration The container monitoring market’s growth is hampered by the high cost and complexity of integrating with older systems and applications. Integrating container monitoring solutions with complex IT infrastructures and legacy applications is difficult and expensive for corporations, especially for medium-sized enterprises.
- Storage Issues and Lack of Proficient Workforce Storage constraints and a shortage of skilled workers further limit the container monitoring market’s expansion. Managing and storing the massive volumes of data produced by container monitoring solutions is difficult, particularly for enterprises with limited storage capabilities. Furthermore, the shortage of experienced individuals to develop and maintain container monitoring solutions impedes market growth.
Key Trends
- Increasing Adoption of Cloud-Based Container Monitoring Solutions Cloud-based container monitoring solutions are becoming increasingly popular in the market. Cloud deployment provides advantages such as scalability, reliability, and flexibility at a cheaper cost than on-premises systems. As more businesses adopt cloud technologies, the demand for cloud-based container monitoring is projected to increase considerably.
- Rising Popularity of Microservices and DevOps Practices The growing popularity of microservices architecture and DevOps approaches is driving the demand for container monitoring solutions. Containers enable the quick creation and deployment of microservices-based systems. Container monitoring gives insights into application performance and resource use, maximizing the benefits of microservices and DevOps.
- Growing Demand for Container Monitoring in IT and BFSI Sectors The IT and BFSI sectors are projected to be the most active consumers of container monitoring solutions. As enterprises in these industries undertake digital transformation and shift applications to the cloud, the demand for container monitoring grows. Container monitoring assists in managing the complexity of cloud-based microservices while also ensuring optimal performance.
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Global Container Monitoring Market Regional Analysis
Here is a more detailed regional analysis of the container monitoring market
North America
- According to Market Research, North America is estimated to dominate the container monitoring market over the forecast period. North America leads in cloud adoption and advanced IT infrastructure, which drives the demand for container monitoring solutions. According to the IDC Worldwide Public Cloud Services Spending Guide, the United States is predicted to be the largest public cloud services market, accounting for more than half of global expenditure over the forecast period (2021-2025). The U.S. market alone is expected to expand from USD 172.1 Billion in 2021 to USD 436.8 Billion by 2025. Given the growing rate of cloud adoption, robust container monitoring solutions are required to manage and optimize containerized applications in cloud environments.
- Furthermore, North America, particularly the United States, is home to several top technology corporations and startups pioneering container technology usage. According to StartupGenome’s Global Startup Ecosystem Report 2021, Silicon Valley, New York, and Boston are the top five global startup ecosystems. These ecosystems are well known for their large concentration of technology companies that make considerable use of containerization. For example, a StackRox survey discovered that 91% of enterprises in North America use Kubernetes, with 75% utilizing it in production, indicating a large demand for container monitoring solutions in the region.
Europe
- Europe region is estimated to exhibit substantial growth within the market during the forecast period. Europe is undergoing a tremendous push towards digital transformation, which is accelerating the adoption of containerized applications and, as a result, container monitoring solutions. According to the European Commission’s Digital Economy and Society Index (DESI) 2021, 56% of EU firms have achieved a baseline level of digital intensity. According to the survey, 26% of EU businesses employ medium-high sophistication cloud computing services, such as cloud-based software for business applications, which are frequently implemented in container environments. This digital revolution is driving a high need for container monitoring technologies to maintain the operation and security of modernized applications.
- Furthermore, the advent of rigorous data protection rules, such as the General Data Protection Regulation (GDPR), is increasing the demand for comprehensive container monitoring systems in Europe. According to the European Data Protection Board (EDPB), 281,000 data breach notifications were filed under the GDPR between May 2018 and January 2021. The financial ramifications are enormous, with DLA Piper projected that total GDPR fines will exceed €1.3 billion by January 2023. Container monitoring systems, which frequently contain security and compliance features, are critical for enterprises to maintain GDPR compliance and avoid costly penalties, hence fueling regional market growth.
Asia Pacific
- The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The growing e-commerce and digital payment industries in Asia Pacific are increasing the use of containerized apps and monitoring solutions. According to a survey by Google, Temasek, and Bain & Company, the Southeast Asian internet economy alone is expected to reach USD 1 Trillion by 2030, with e-commerce playing a crucial role. This growth needs scalable and efficient IT infrastructures, which are frequently constructed with containerized microservices, increasing the demand for container monitoring technologies.
- Furthermore, various government initiatives in the Asia Pacific are promoting digital innovation and indirectly driving the container monitoring market. For example, India’s Digital India initiative seeks to turn the country into a digitally enabled society and knowledge economy. According to the National Payments Corporation of India, the scheme has resulted in a huge increase in digital transactions. In January 2023, the Unified Payments Interface (UPI) recorded 8.03 billion transactions worth ₹13.06 trillion (approx. $158 billion). Such digital activities encourage the adoption of modern technologies such as containerization, which increases demand for container monitoring systems.
Container Monitoring MarketSegmentation Analysis
The Container Monitoring Market is segmented based on Component, Operating System, Deployment Mode, End-use Industry, and Geography.
Container Monitoring Market, By Component
- Solution
- Services
Based on Component, the market is segmented into Solutions and Services. The solution segment is estimated to dominate the container monitoring market. The solution segment includes monitoring tools and platforms that provide insight into containerized applications’ performance, health, and resource use. The increased use of containers and microservices architectures is increasing the demand for powerful container monitoring solutions that can give real-time insights and help optimize application performance.
Container Monitoring Market, By Operating System
- Linux
- Windows
Based on Operating System, the market is segmented into Linux and Windows. The Linux segment is estimated to dominate the container monitoring market. Linux’s popularity stems mostly from its extensive acceptance in cloud environments and compatibility with multiple container orchestration tools such as Kubernetes and Docker. Linux’s open-source nature provides greater freedom and customization, making it the preferred platform for developers and enterprises building containerized applications. As a result, Linux remains the most popular operating system for container monitoring systems.
Container Monitoring Market, By Deployment Mode
- Cloud
- On-Premises
Based on Deployment Mode, the market is divided into Cloud and On-Premises. The cloud segment is estimated to dominate the market over the forecast period due to the cost-effectiveness, scalability, and flexibility that cloud solutions provide over on-premises systems. Organizations are increasingly turning to cloud-based monitoring to streamline operations and cut overhead expenses, making it a popular alternative, particularly for enterprises with tight budgets and those looking for quick deployment and integration capabilities.
Container Monitoring Market, By End-User Industry
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Government
- Travel and Hospitality
- Manufacturing
- Others
Based on the End-User Industry, the market is divided into BFSI, Telecom & IT, Government, Travel & Hospitality, Manufacturing, and Others. The banking, financial services & insurance (BFSI) segment is anticipated to dominate the market over the forecast period due to the sector’s vital requirement for strong security, compliance, and real-time application performance monitoring. As more BFSI firms implement cloud-native architectures and microservices, the demand for effective container monitoring solutions has grown, allowing them to streamline operations and improve service delivery while adhering to tight regulatory norms.
Container Monitoring Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the container monitoring market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America is estimated to dominate during the forecasted period owing to a strong emphasis on innovation and broad adoption of cloud-native technologies. The region is home to various established suppliers who provide a variety of container monitoring systems, fostering a competitive environment. Furthermore, enterprises in North America are increasingly using containerization and microservices to improve operational efficiency, driving an increased need for effective monitoring solutions to support their digital transformation activities.
Key Players
The “Container Monitoring Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Datadog, Dynatrace, Prometheus, Grafana, Sysdig, Azure Monitor, Stackdriver Monitoring, New Relic, Splunk, SolarWinds, AppDynamics, Honeycomb, Wavefront by VMware, Instana, Cilium, Jaeger, and Zipkin.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Container Monitoring Market Recent Developments
- In October 2019, Splunk Inc. announced improvements to its IT Operations portfolio including real-time observability for cloud infrastructures and microservices. SplunkIT Service Intelligence (ITSI) and Splunk App for Infrastructure (SAI) have been updated, along with integrations with Splunk VictorOps and Splunk Phantom.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Datadog, Dynatrace, Prometheus, Grafana, Sysdig, Azure Monitor, Stackdriver Monitoring, New Relic, Splunk, SolarWinds, AppDynamics, Honeycomb, Wavefront by VMware, Instana, Cilium, Jaeger, and Zipkin. |
SEGMENTS COVERED | By Deployment Type, By Component, By Organization Size, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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