Global Container Security Market Report to 2027 - Size, Share & Industry Trends Analysis
DUBLIN, May 19, 2022 /PRNewswire/ -- The "Global Container Security Market Size, Share & Industry Trends Analysis Report By Component (Products and Services), By Services Type, By Organization Size, By Vertical, By Regional Outlook and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Global Container Security Market size is expected to reach $3.9 billion by 2027, rising at a market growth of 23.5% CAGR during the forecast period.
In case of security considerations, the coronavirus epidemic has posed new hurdles for businesses. In the first three quarters of 2021, the Identity Theft Research Center (ITRC) forecasts a 17 percent rise in US commercial data breaches compared to the same period in 2020. Between January and September 2021, there were 1,291 breaches, compared to 1,108 in 2020. Insurance businesses were the most hit by ransom ware attacks during first half of 2021, accounting for about 25% of all ransom ware assaults on Accenture's clients, according to Accenture. Organizations are looking forward to safeguarding their application development process utilizing container security platforms as a result of these types of cyber-attacks and system vulnerabilities.
Rising threats and cybercrimes to drive requirement for container security platforms
Containers are increasingly being used by businesses to optimise their application operations
Containers are a lightweight software package that contains everything needed for development, running, libraries, tools and configuration. Container technology has developed as a cost-effective and less sophisticated alternative to virtual machines. When opposed to virtual machines, several containers operate on the same computer and share the kernel, boosting the efficiency of business processes. As a result, containers have been widely used for the virtualization of massive volumes of workloads. Container technology is likely to play a crucial role in quickening this shift as countries in the area focus on changing their conventional IT infrastructures into modernised ones.
Limited security budgets among startups/SMEs
Security is a major issue for businesses of all sizes, yet security spending is a worry for a number of businesses, including SMEs. SME security expenditures are insufficient to meet all security needs; as a result, businesses must choose which information assets are more vital in order to combat growing security threats. The substantial R&D costs associated with developing cutting-edge container security platforms result in premium pricing for container security solutions. Owing to the reduced cyber security budgets in emerging countries like Latin America and the Middle East and Africa, companies should think carefully about investing in these regions. According to a Ponemon Institute report published in 2018, around 70% of small and mid-sized firms are vulnerable to cyber-attacks and related dangers, but many lack the financial resources to use smart solutions to protect themselves.
Key Topics Covered:
Chapter 8. Company Profiles
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