Microservices Architecture Market
A new market study, titled “Microservices Architecture Market ” has been featured on Market Research Future.
North America region is the dominating player in the microservices architecture market owing to presence of major players in the region. Cloud solution such as software as service (SaaS) and platform as a service (PaaS) contributes largest market segment in the region. US market contributes highest revenue in the North America region. Most of the companies in the North America region has adopted microservices architecture technology in e-commerce, financial and travel services. The experts from the region emphasis on strong microservices architecture as compare to monolithic pattern. Its impact on e-commerce industry has been tremendous and has the leverage the business of major e-commerce companies such as Amazon. It enables financial sector by providing easy extensibility and flexibility of components. Reducing risk and compute cost by transferring workloads to cost effective run times and boosting development cycles and swiftness.
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Microservices Architecture Market Segmentation
The segmentation of the microservices architecture on the basis of application include retail, BFSI, healthcare, government, manufacturing and media. Micoservices architecture technology enable retailers by providing ownership, it allow users to develop and deploy new functionalities within a specified domain without depending on other development teams. It enable users with fault isolation technique, if one service failed, the entire application will operate until the fail service is recovered and recovering a fail service is not that complex, it has its own independent and deployment pipeline.
The prominent players in the Microservices Architecture Market are- Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), Salesforce.Com, Inc. (U.S.) among others.
Market Research Analysis:
High utilization of microservices architecture technology in retail, e-commerce and cloud based application is driving the market in North America region. In Europe region, the microservices architecture market is rising due to major application of it in IT and telecommunication, retail, BFSI and healthcare. Cloud based solution is driving the market in the region. Proliferation of connected device such as smartphones, tablets, laptops and drones is driving the market in the region.
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.
Worldwide Microservices Architecture Market – Segments
For the convenience of the report and enhanced understanding; the report is segmented in to 4 key dynamics:-
By Vertical : Comprises IT & Telecommunication, Energy & Utilities, BFSI, Government, Healthcare, Manufacturing, Media& Entertainment, Retail, among other.
By Deployment : On Cloud & On-Premise.
By Service : Inventory Microservice, Shipping Microservice, and Accounting Microservice among other.
By Regions : Europe, North America, APAC and Rest of the World.
Related Article@ https://www.openpr.com/news/2088409/global-microservices-architecture-market-set-to-register
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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.
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.
This report provides a detailed overview of key factors in the Microservices Architecture Market and factors such as Microservices Architecture Market driver, restraint, past and current trends, regulatory scenarios and technology development.
A thorough analysis of these factors including economic slowdown, local global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.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).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 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.
Microservices Architecture Market Report Microservice architecture is defined as a method for development of application in which the large application is divided into small modular services.
Each module assist a specific business goal and uses simple language with well-defined interface to communicate with other services.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.Categroization of connected device such as smartphones, tablets, drones, wearable, smart home appliances and fitness tracker is driving the microservices architecture market.The key trends that is majorly effecting the market include loose coupling, deployment and domain driven design.
As microservices operates on simple and smaller services, there is an increase demand for cloud solution and is one of the important factor driving the market.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.By deployment segment, the microservices architecture market includes cloud based and on-premise.
The adoption of cloud based microservices architecture is driving the market.
Microservices Architecture MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Microservices Architecture Market.
The growth sectors of the Microservices Architecture Market 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.
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.
