The Global Kubernetes Market is expected to exhibit strong growth, reaching USD 7.8 billion by 2030. As per the report titled “Kubernetes Market Size, Share & COVID-19 Impact Analysis, By Type (Cloud-based and On-premise), By Application (BFSI, Healthcare, Media and Entertainment, Telecom and IT, Internet and Others), and Regional Forecasts, 2023-2030” observes that the market size in 2022 stood at USD 1.8 billion and USD 7.8 billion in 2030. The market is expected to exhibit a CAGR of 23.40% during the forecast period.
To enhance Kubernetes container management and security, Docker, Inc released Docker Enterprise Edition 2.0
In April 2018, to enhance container management and security on Kubernetes, Docker, Inc. released Docker Enterprise Edition 2.0. A significant provider of these solutions, Docker, Inc., is continually expanding its R&D spending to create cutting-edge technologies.
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Large Investments by Businesses to Boost the Market
Enterprises are investing in open-source platforms as a logical continuation of the growth and development of cloud orchestration-based efforts because many cloud-native businesses are anticipated to profit from kubernetes. Kubernetes has matured as an economic engine in a relatively short time compared to other developing technologies. A positive feedback loop of investment, innovation, and economic activity has also had a substantial impact on enterprises of all sizes, motivating them to create goods and services to meet a continuously expanding spectrum of requirements.
Kubernetes Technology Security Risks Have A Market-Restricting Effect
Committing to the application kubernetes technology could greatly impact costs and speed up time to market. Still, it also offers several security issues that need to be resolved. Because they share a host operating system with the other containers, kubernetes cannot separate from it. Other kubernetes security can be compromised if a hacker enters the host OS. Cross-container attacks could also result from network hacking. Since users may need to create an Application Programming Interface (API) call from the containers to enable encryption services, kubernetes -based security can be difficult to achieve.
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Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the kubernetes market plan acquisitions to improve their brand recognition globally. For instance, in May 2018, with its OpenStack cloud computing platform and OpenShift Kubernetes platform, Red Hat, Inc. assisted Tata Communication Ltd. in powering its IZO private cloud, an integrated cloud platform. Tata Communication Ltd. reduced the time to market for its newest offerings and enhanced the customer experience thanks to the platform's adoption.
List of Key Players Profiled in the Report
- AWS
- Cisco Systems
- Huawei Technologies
- VMware
- IBM
- Oracle
- Microsoft
- CenturyLink
- Apprenda
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Further Report Findings
- The market in North America is expected to gain a huge portion of the global kubernetes market share in the coming years. One important aspect is the region's strong emphasis on research, development, and technology innovations.
- Numerous banks, financial services, insurance, a strong healthcare infrastructure, media and entertainment, telecom, and IT in North America have all contributed to the region's ability to stay competitive.
- In the Asia Pacific, the growth in this region is primarily driven by the advent of the digital economy, greater investment in infrastructure upgrades, the development of sophisticated and secure cloud-based solutions, tax reformation laws, and programs for smart cities.
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