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Americas Container Technology Market is estimated to surpass USD 3.5 billion by 2024. Container solutions are used by organizations to virtualize the resource-intensive workloads cost effectively and leverage platform independence offered by the technology. Containers enable OS-level virtualization resulting in less storage requirements for applications being deployed over virtual networks. This ability primarily differentiates containers from virtual machines and allows enterprises to deploy comparatively more number of applications and save the cost incurred for hardware investment.
The availability of robust ICT infrastructure in the region along with the strong presence of technology and cloud service providers is expected to drive the Americas container technology market during the forecast time. Moreover, U.S. enterprises operating in diverse sectors such as IT & telecom, and BFSI are readily adopting the technology to modernize their IT infrastructure and benefit from the scalability offered by containers to effectively run microservices. According to the Cisco Global Cloud Index (2014-2019), cloud data center traffic in North America will represent 81% of the total data center traffic by 2019. SMEs in Brazil and Mexico are increasingly switching to cloud platforms to cost-effectively deploy their application processing and data storage functions in data centers and reduce their infrastructure procurement and maintenance costs. With rapid adoption of cloud solutions in the region, the demand for advanced virtualization solutions such as containers will surge during the timeline.
Consistent technological innovations and strategic expansion by market leaders in Latin America are expected to improve the market dynamics over the forecast period. Latin American countries such as Argentina, Mexico and Brazil rank high on the cloud readiness index. This has posed lucrative growth opportunities for global cloud providers to establish their regional cloud centers in these countries and strengthen their presence in Latin America. In response to this favorable environment, major players such as Cisco have established their global delivery centers in this region to provide local data residence to the Latin American enterprises.
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Similarly, major cloud providers such as IBM and Alibaba Cloud are aggressively expanding in Latin America to acquire a larger share of the highly untapped market. With increasing strategic alliances between key players in the market to offer comprehensive and scalable container solutions and robust cloud networks, the market is expected to exhibit robust growth between 2017 and 2024.
The U.S. dominated the Americas container technology market with a market share of approximately 90% in 2016 and is expected to maintain its dominance throughout the timeline owing to the large-scale adoption of container technology by U.S. enterprises to cost effectively virtualize high resource workloads with containers. The region has well established players that are heavily investing in R&D activities to further innovate container technology and develop advanced orchestration solutions.
Some of the key participants in the Americas container technology market are Apcera, AWS, Chef, Cisco, CloudFoundry, ClusterHQ, CoreOS, Docker, EMC, Hashicorp, Joyent, Mesosphere, Microsoft, Openstack, Rackspace, RedHat, Sysdig, The Linux Foundation, Twistlock and Vmware. The industry is primarily characterized by container technology providers and cloud service providers.
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