Acquisitions like That of Alcide by Rapid7 to Boost the Growth of Global Container Security Market

A container is a type of operating system visualization which can be used to execute various processes ranging from a large software process to a small microservice. The container is built in such a way that it contains all the necessary configuration files and executable libraries. Thus, containers are standalone units which can help in deployment of large software applications and processes. Naturally, container security pertains to adopting security tools and features to safeguard and defend these containers, either individual or a cluster, from external cyber threats and attacks.

Forecast Analysis:

Over the years, as the reach of internet services has increased exponentially, some new problems and challenges with respect to security and privacy over the internet have emerged. There has been an increase in number of cyber-attacks and threats all over the globe and confidential data over the internet is becoming more and more vulnerable with each passing day. This growing threat of cyber-attacks is expected to be the primary growth driver for the global container security market in the 2021-2028 timeframe. Additionally, adoption of new technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is expected to further boost the market in the forecast timeframe. Along with this, business expansions and strategic alliances between the key market players of the container security market is expected to offer huge growth opportunities to the market. However, lack of funds required for implementation of container security is expected to be the main restraint for the growth of this market.

Regionally, the container security market in the Asia-Pacific region is expected to grow at the fastest rate with a CAGR of 24.9% by 2028. Growing number of industries in this region along with increasing technological advancements are expected to be the leading growth drivers of the market in the Asia-Pacific region.

As per the report published by Research Dive, the global container security market is expected to gather a revenue of $7,107.6 million in the 2021–2028 timeframe and grow at 23.3% CAGR by 2028. Some prominent market players include IBM Corporation, McAfee Corporation, Sonatype, VMware Inc., Fidelis Cybersecurity, Aqua Security, enSilo, Sysdig Inc., NeuVector, Tenable Inc., and many others.

Covid-19 Impact on the Market:

The outbreak of the Covid-19 pandemic has had a massive negative effect on almost all industries and businesses across the world. However, despite the pandemic situation, the container security market has experienced a growth in these years. Almost all countries across the globe ordered lockdowns and travel restrictions within and across the borders in order to curb the spread of the virus. As a result, many industries had to shut down their businesses or adopt a work-from-home culture. As a result, there has been a massive increase in the adoption of cloud services to accommodate work-from-home culture, due to which there has been a growth in demand for container security services and tools.

Significant Market Developments:

The significant companies operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the container security market to flourish. For instance:

In February 2021, Rapid7, a leader in security analytics and automation, announced the acquisition of Alcide, a Tel-Aviv based, Kubernetes security provider. This acquisition is expected to help Rapid7 to expand its operations in the security analytics sector and provide a reliable cloud security system to its customers.

In March 2021, Sysdig, a cloud security and software giant, announced the launch of three cloud and container security products. The three products, viz., Cloud Security Posture Management for AWS, Multi-Cloud Threat Detection for AWS and GCP, and Cloud Risk Insights have garnered much deserved attention among the customer base and is expected to put Sysdig in a commanding position in the market.

In October 2021, Suse S.A, a leading open-source solutions provider, announced the acquisition of NeuVector, a full lifecycle container security service provider. This acquisition by Suse S.A is aimed at expanding its footprint in the container security market and increasing its customer base.