The Container-as-a-Service Market Is Growing with the Increasing Utilization of Micro Services

 

Container as a Service

Containers-as-a-service (CaaS) is a cloud-based service allows users to organize, upload, start, stop, scale, and manage containers, applications, and clusters. CaaS stores content in a nebulous form, and then pulls it out and loads it wherever or whenever it is needed. It is an emerging technology in which vendors provide users with a complete framework for managing and developing containers and applications. Containers-as-a-service is designed primarily for IT developers to run and manage applications. The key factor fueling growth of the container-as-a-service market is the increasing utilization and increasing popularity of micro services.

The market is experiencing significant growth due to the increasing demand for the technology. Moreover, the benefits provided by the service, such as optimum utilization of resources, automated testing, and faster deployment of applications, is another factor contributing to the growth of the container-as-a-service market. CaaS offers various capabilities, such as smooth scalability, resource optimization, platform independency, and operational simplicity. Thus, the adoption of container-a-service has increased in various industries. The above-mentioned factors are driving the container-as-a-service market growth.

As a result, many companies are developing or launching CaaS platforms to strengthen their product portfolio to meet increasing demand. For instance, in January 2020, Cisco unveiled HyperFlex Application Platform (container-as-a-service) that is designed to simplify the provisioning and ongoing operations for Kubernetes across cloud, datacenter, and edge. Moreover, in December 2020, CBA built a container-as-a-service platform to run applications in a regulated environment and then replicated it across multiple departments using Amazon EKS, AWS CDK, and GitOps. Such initiatives by service providers are expected to spur the growth of the container-as-a-service market.

Moreover, the increasing IT and telecommunication industry in the Asia Pacific has led to an increasing demand for CaaS in the region. According to the India Brand Equity Foundation (IBEF), India is the world's second-largest telecom market. The container-as-a-service market is expected to witness robust growth in North America, Europe, and Asia Pacific due to the increasing penetration of CaaS in these regions. For instance, in April 2018, Microsoft launched low-maintenance Azure Container Service that lets users easily spin up containers on its public datacenter infrastructure. Initially it was available in six regions throughout the United States, Europe, and Southeast Asia.

However, issues related to the portability between the servers and lack of tools that are required to manage and monitor containers in many companies are the factors restraining the growth of the container-as-a-service market.