July 20, 2020
According to the research report titled ‘Global Container Security Market Size study with COVID-19 impact, by Feature (Vulnerability Management, Runtime Protection, Compliance Management, Secrets Management, Continuous Integration/Continuous Delivery Integrations, Access Control), by Component (Container Security Platform, Services), by Deployment Type (Cloud, On-Premises), by Organization Size (Large Enterprises, SMEs), by End-User (BFSI, Healthcare, Retail, IT & Telecom, Manufacturing, Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global container security market generated revenues worth USD 568 million in the year 2019 and is anticipated to showcase a y-o-y growth rate of 31% between 2020 and 2026.
For those uninitiated, container security is provided for maintaining integrity of containers while ensuring reliability of related applications and respective infrastructure. Security of container starts from securing the application with its pipeline, its deployment processes and integration of security services with a business in order to improve the prevailing security policies. Moreover, the implementation of container security systems will allow businesses to avoid risks as well as reduce vulnerabilities.
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Rising prevalence of cyber-attacks and increasing utilization of hybrid cloud computing technologies are prime factors fostering the demand for container security solutions across the globe. In May 2019, for instance, NeuVector revealed new container risk reports for east-west connects, vulnerability exploits, and external attacks thereby allowing container security solutions to measure the security status of their deployed services in production.
Digitalization of various companies operating in this industry landscape is also aiding the market expansion. However, the emergence of COVID-19 pandemic and the subsequent lockdown imposed in order to curb the infection spread has resulted in production inefficiency and delays. Although production & transportation activities reinitiated, the accessibility of the containers at the right time is difficult and hence, adversely influencing the container security market outlook. Additionally, limited security budgets among small & medium-sized enterprises may also inhibit the expansion of the market.
Regionally, Asia-Pacific container security industry is predicted to showcase remunerative growth in the ensuing years, primarily driven by escalating R&D investments towards cloud native infrastructure and early adoption of advanced technologies.
On the other hand, the report states that container security market in North America is poised to witness significant growth during the study period. High concentration of leading players is swaying the business dynamics in the region.
The major companies operating in worldwide container security market are CloudPassage, Red Hat Inc., Trend Micro Inc., Aporeto Inc., NeuVector Inc., Docker, Qualys Inc., Anchore Inc., Alert Logic Inc., and Aqua Security Software Ltd. among others.