The CaaS Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period, to reach USD 5.6 billion by 2027 from USD 2.0 billion in 2022.
The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as AWS, Microsoft, Google, Alibaba cloud, and IBM have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the CaaS market.
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Microsoft focuses on both organic and inorganic business growth strategies to strengthen its position in the market. As part of its organic growth strategies, the organization focuses on product innovations to gain an advantage over its competitors. Microsoft will be a prominent player in the global CaaS market during the forecast period, with its continuous focus on becoming an exclusive vendor in the market. In June 2020, the company partnered with SAS to become the preferred cloud service provider and integrate SAS’s various products with Microsoft’s cloud portfolio. It invests a substantial part of its annual revenue in R&D in enhancing and upgrading its products and services in the CaaS market.
AWS focuses on organic and inorganic business growth strategies to strengthen its position in the market. As part of its organic growth strategies, the company constantly focuses on its product innovations to gain an advantage over its competitors. The company has more than 76 availability zones in 24 regions. The company’s partner network is also quite strong as it helps to easily expands its reach worldwide. The AWS in CaaS market is one of the prominent player which holds a strong competitive edge over its competitors. The company offers a broad set of offerings, including global computing, storage, database, and other services. AWS has a presence in the US, Europe, Asia Pacific, and MEA with a strong customer base across 190 countries.
Containers as a Service Market by Service Type (Management and Orchestration, Security, Monitoring and Analytics), Deployment Model (Public, Private, Hybrid), Organization Size, Vertical and Region - Global Forecast to 2027
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