Microservices Architecture Market Research Report
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report onMicroservices Architecture Market. The growth sectors of theMicroservices Architecture Market Research Report are identified with precision for a better growth perspective.
Microservice architecture is increasingly adopted by organization as an inbuilt mechanism for developing enterprise application. Cloud based solution such as software as a service (SaaS) and platform as a service (PaaS) is driving the market. Growing market penetration of connected device like smartphones, tablets, wearable, drones, fitness tracker & smart home appliances is driving the microservices architecture market.
The key trends that are majorly affecting the market include loose coupling, deployment and domain driven design. As microservices operate on simple and smaller services, there is an increase demand for cloud solution and is one of the important factors driving the market. The Global Microservices Architecture Market is growing with the rapid pace mainly due to the wide range of advantages it offers and the burgeoning advent technology.
Acknowledging the accruals the market is perceiving currently and the potential of, the market to grow further in the years to come, Market Research Future, recently published a study report. In which MRFR foretells that the global Microservices Architecture Market will upsurge up to USD ~33 Billion by 2023, registering a whooping double digit CAGR of 17% during the anticipated period (2017 – 2023).
The adoption of cloud based microservices architecture is driving the market. Cloud based microservices architecture provides scalability, cost efficiency and 24x7 availability. To enable organization with healthy microservices, cloud based platform automatically shift the instances to servers or vendor management system when the software or hardware on which they are running fails.
While there are some restraints in the microservices architecture which may hamper the market that includes communication failure, network inactivity and failure of single service. This is mainly due to, that in microservices architecture, to communicate with other services, REST API (Representational State Transfer Application Program Interface) is used which gives rise to additional HTTP call overhead.
The advantage of microservices architecture includes improvement in fault isolation system, provide easy platform for new developer and helps to eradicate long term commitment on single technology. The adoption of microservice architecture has assist many big enterprises to begin there transitions as compared to monolithic design structure.
Cloud application of microservices enables a significant number of specified module able to be shared across application through a company’s network. Most of the users assume microservices as an evolution of service oriented architecture (SOA). On-premise installation of microservices architecture enable users to easily deploy PHP, python and java application on their machine.
The important trends of microservices architecture includes deployment, loose coupling and design driven domain. By deployment, the microservices technology enable users in such a way, that by deploying an additional feature, it allows them to deploy that particular corresponding service instead of entire application. Microservcies architecture have a strong impact on market in terms of its approach towards building, evolving, scaling and deploying individual service in the operational cycle.
Worldwide Microservices Architecture Market – Competitive Landscape
The market appears to be highly competitive characterized by the presence of well-established players. These players incorporate collaboration, acquisition, expansion, partnership, and product launch. By acquiring promising companies in the fast-growing markets; Vendors expand their presence & are increasingly focusing on improving their market performance.
Industry/ Innovation/ Related News:
February 13, 2018 – Accenture, a techno giant announced that it has joined AT&T‘s multi-year Microservices Supplier Program. The partnership is expected to help the company to migrate legacy operations to models using DevOps and microservices. As per the deal, with consulting expertise of Accenture, the duo companies will work towards the development of microservices that business will use to get AT&T products and services including security and fiber services.
January 30, 2018 – Cisco Systems Inc. (US) announced that company’s video product include a considerable 20 microservices helpful in saving a whole of resources of users.
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All over the internet, one can check a big spike of interest over this term, as the trend keeps on increasing as the years are passing.There prevail some strong points which favor the hype of microservices architecture.
Several renowned companies such as Netflix, Amazon, and others have mentioned the way they scaled and eased the continuous delivery of their services using a microservices architecture.FREE PDF@ https://www.marketresearchfuture.com/sample_request/3149What is it—Microservices ArchitectureMicroservices architecture is defined as a method used for the development of applications in which the extensive application is bifurcated into small modular services.
In this, each module tends to help a particular business goal and uses simple language with a well-defined interface to interact with other services.In recent times, microservices architecture is progressively adopted by big organizations, across the globe, as an integral mechanism for developing applications.
These independent application components tend to communicate with each other using RMI (Remote Method Invocation), Restful Web Services, or Push Messaging.There are several characteristics of microservices architecture based application that are as follows:Service enabled and independently running components.Independently running components classify business capabilities.Smart components use simple communication channels such as simple RESTish protocol or lightweight messaging queue.Each independent component can use its exclusive standard for progress and deployment.
Includes automated infrastructure management.Why a Microservices Architecture is Important?Designing a particular architecture can be distinguished as much as a business decision in a technological way.
Faster Innovation Businesses should go for microservices architecture to adapt to the changing market conditions as faster innovation is taking place in this current era.
The global Microservices Architecture Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Microservices Architecture market include Tata Consultancy Services Limited, IBM Corporation, Microsoft Corporation, Oracle, Salesforce.com.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Microservices Architecture Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/microservices-architechture-market/download-sampleMarket DynamicsGrowing digitalization and shift from monolithic to microstructure is stimulating the growth of the market.
More and more businesses are turning digital to grab opportunities.
Giant stars such as Amazon, Netflix, LinkedIn, Spotify, SoundCloud, and other companies have evolved their applications towards a microservice architecture.
The new research report titled "Microservices Architecture Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Microservices Architecture market include Tata Consultancy Services Limited, IBM Corporation, Microsoft Corporation, Oracle, Salesforce.com.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Microservices Architecture Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/microservices-architechture-market/download-sampleMarket DynamicsGrowing digitalization and shift from monolithic to microstructure is stimulating the growth of the market.
Giant stars such as Amazon, Netflix, LinkedIn, Spotify, SoundCloud, and other companies have evolved their applications towards a microservice architecture.
Microservices Architecture Market ResearchMarket Research Future (MRFR) has revealed in its recently published report that the global microservices architecture market is projected to reach a valuation of USD 33 Bn by the end of 2023.
The microservices architecture market is estimated to register a CAGR of 17% during the forecast period 2017 to 2023.
is expected to drive the demand for microservices architecture over the next couple of years.Cloud-based services offer availability, scalability and cost efficiency.
Furthermore, the penetration of connected devices such as the smartphones, drones, wearable devices, tablets, laptops, etc.
Other factors responsible for catalyzing market proliferation include an accessible platform for new developers, improvement in fault isolation system, eradication of long-term commitment on a single technology, etc.Market Segmentation:By deployment, the global microservices architecture market has been segmented into cloud and on premise.By application, the microservices architecture market is segmented into healthcare, BFSI, government, IT & telecommunication, manufacturing, retail, media, and others.By service, the global microservices architecture segment has been segmented into inventory microservice, accounting microservice, shipping microservice, and store microservice.Regional Analysis:By region, the global microservices architecture market has been segmented into Asia Pacific, North America, Europe and Rest of the World.
North America is likely to retain a dominant position globally during the forecast period.
Microservices Architecture Market ScopeMarket Research Future (MRFR) asserts that the Microservices Architecture Market 2020 can reach an approx.
MRFR also confirms that the market expansion can take place at a rate of 17% between 2017 and 2023 (review period).Microservices Architecture Market Key PlayersTop companies competing in the market for microservices architecture include Salesforce.Com, Inc. (U.S.), Infosys Limited (India), Nginx Inc. (U.S.), Cognizant (U.S.), Mulesoft (U.S.), International Business Machines Corporation (U.S), Datawire (U.S.), Microsoft Corporation (U.S.), Software AG (Germany), to mention a few.Primary Boosters and Key ChallengesMicroservice architecture boosts the development as well as deployment of a set of features or an application that is made of modular, autonomous, self-contained and independent units.
With the help of microservices, these teams are able to quickly ship the advanced forms features or applications, with no disruptions in the rest of the solutions.
In a nutshell, microservices architecture helps prevent complexity, enabling small and agile teams to develop services.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3149Rising use of connected devices like smartphones, wearables, tablets, smart home appliances, fitness trackers and drones is believed to be one of the chief growth boosters in the microservices architecture market.
This can be due to the fact that business customers nowadays demand for faster feature update in software applications.
This architecture is extremely fast and responsive to every kind of requirement in the market, as it holds the potential build, scale, evolve, and deploy the individual services within the cycle.
