Market Synopsis
The data analysts at Market Research Future Reports (MRFR) have conducted a thorough analysis of the global cloud micro services market is estimated to value USD 2,146.7 million, thriving at a CAGR of 25% during the assessment period. The growing number of microservices architecture is anticipated to affect the global cloud microservices market 2020. Besides, the increasing demand for secured IT operations and cheap cost methods have further led to market expansion. Furthermore, the inclination of enterprises towards the private cloud for data security is projected to play an important part in market expansion. Also, the growing need to minimize the on-premise IT deployment cost is another pivotal factor leading to the growth of the market. However, insufficient technical expertise and the expenses related in the initial stage are anticipated to refrain the market from expanding.
However, the outbreak of COVID-19 has resulted in a pause in the daily operational activities of the global cloud microservices market. The offices have been temporarily shut to contain the spread of coronavirus. Thorough research is being carried out on the impact of coronavirus on the worldwide market. We will provide an impact analysis report on COVID-19.
Market Segmentation
The worldwide cloud microservices market can be distinguished on the basis of organization size, component, deployment, verticals, and geography.
On the basis of organization size, the worldwide cloud microservices market can be distinguished into large enterprise and small and medium-sized enterprises.
On the basis of component, the global cloud microservices market can be distinguished into platform and services.
On the basis of deployment, the worldwide cloud microservices market can be distinguished into the public cloud, private cloud, and hybrid cloud.
On the basis of verticals, the worldwide cloud microservices market can be distinguished into healthcare, retail and e-commerce, media & entertainment, IT & telecommunication, BFSI, government, transportation and logistics, and manufacturing.
On the basis of geography, the worldwide cloud microservices market can be distinguished into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
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Regional Analysis
The global market is estimated to expand significantly during the assessment period. Thorough research of North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been performed. As per the study, North America is estimated to dominate the global market. It is one of the most lucrative markets, and besides, it is also one of the early adopters of microservices architecture. Several sectors are relying on technology and are actively adopting cloud microservices. Europe attains the second position. Europe is a potential market and generates a significant amount of revenue during the assessment period. The most significant factor resulting in the market expansion is the presence and participation of the developed economies such as the UK, and Germany. On the other side, the APAC region is anticipated to be the fastest-growing region. The most pivotal factor leading to market expansion is the deployment of several organization in the APAC region due to the cheap cost in providing services to customers.
However, the market dynamics are estimated to be affected significantly due to the outbreak of COVID-19. Several regions have been affected due to the observation of lockdown.
Key Players
The established players of the global cloud microservices market are Software AG (Germany), CA Technologies, Amazon Web Services (US), IBM Corporation (US), Salesforce.com Inc (US), Microsoft Corporation (US), Infosys Limited (India), Syntel (US), Oracle Corporation (US), SmartBear Software (US). The other players contribute 30-35% in the cloud microservices market. Some of them are CoScale (Belgium), Contino (UK), Idexcel (US), Macaw (US), Kontena (Finland), Marlabs (US).
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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Market SynopsisThe data analysts at Market Research Future Reports (MRFR) have conducted a thorough analysis of the global cloud microservices market is estimated to value USD 2,146.7 million, thriving at a CAGR of 25% during the assessment period.
Besides, the increasing demand for secured IT operations and cheap cost methods have further led to market expansion.
However, insufficient technical expertise and the expenses related in the initial stage are anticipated to refrain the market from expanding.However, the outbreak of COVID-19 has resulted in a pause in the daily operational activities of the global cloud microservices market.
Thorough research is being carried out on the impact of coronavirus on the worldwide market.
We will provide an impact analysis report on COVID-19.Market SegmentationThe worldwide cloud microservices market can be distinguished on the basis of organization size, component, deployment, verticals, and geography.On the basis of organization size, the worldwide cloud microservices market can be distinguished into large enterprise and small and medium-sized enterprises.On the basis of component, the global cloud microservices market can be distinguished into platform and services.On the basis of deployment, the worldwide cloud microservices market can be distinguished into the public cloud, private cloud, and hybrid cloud.On the basis of verticals, the worldwide cloud microservices market can be distinguished into healthcare, retail and e-commerce, media & entertainment, IT & telecommunication, BFSI, government, transportation and logistics, and manufacturing.On the basis of geography, the worldwide cloud microservices market can be distinguished into North America, Europe, Asia-Pacific, and Rest of the World (RoW).Complete Report Details @ https://www.marketresearchfuture.com/reports/cloud-microservices-market-7199Regional AnalysisThe global market is estimated to expand significantly during the assessment period.
The most significant factor resulting in the market expansion is the presence and participation of the developed economies such as the UK, and Germany.
Cloud microservices Market Research, By Component (Platform, Services), Organization Size (Large Enterprise, SMEs), Deployment (Private, Public, Hybrid), Verticals (Retail and E-Commerce, Healthcare, Media & Entertainment)— Global Forecast till 2027Market HighlightsMicro services enable the enterprises and software developers to managen buisiness operations from a self-contained individual service units.
The major factors that contribute towards the growth of cloud micro services is due to increasing adoption of private cloud services for high security of data, and need for streaminling business operations, reducing the cost of IT deployment.
However, the lack of expertise, and lack of proper infrastructure is refraining the market to grow.Get a Free Report @ https://www.marketresearchfuture.com/sample_request/7199Key PlayersThe key players in the cloud micro services industry are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are— Amazon Web Services (US), CA Technologies, IBM Corporation (US), Microsoft Corporation (US), Salesforce.com Inc (US), Infosys Limited (India), Oracle Corporation (US), Syntel (US), SmartBear Software (US), and Software AG (Germany).
These players contribute a major proportion towards market growth.Apart from the top key players, the other players contribute nearly 30–35 % in the cloud microservices market.
These include Contino (UK), CoScale (Belgium), Idexcel (US), Kontena (Finland), Macaw (US), Marlabs (US), Netifi (US), NGINX (US), OpenLegacy (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), TCS (India), Unifyed (US), and Weaveworks (UK) and others.Regional AnalysisThe market for cloud microservices is estimated to grow at a significant rate during the forecast period from 2020 to 2027.
According to a new market research report "Cloud Microservices Market by Component (Platform and Services), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and SMEs), Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Cloud Microservices Market size expected to grow from $683.2 Million in 2018 to $1,880.0 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period.The growing digital transformation trends, customer oriented businesses, and penetration of microservices among enterprises are some of the major factors driving the cloud microservices market.Browse in-depth TOC on "Cloud Microservices Market"60- Tables41- Figures140- PagesRequest Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=60685450Cloud micro services platform segment is expected to hold a larger market size during the forecast period.Among the components, the platform segment is expected to hold a larger market size during the forecast period.
With the advent of advanced technologies and digital transformation trends, businesses focus more on streamlining application development process.
Hence, companies prefer adopting cloud microservices platform to improve agility in the business process and faster Time to market (TTM).Hybrid deployment mode is expected to be the fastest growing segment during the forecast period.Under the deployment mode, the hybrid cloud deployment is expected to hold the largest markets size and grow at the highest CAGR during the forecast period.
Considering the security and privacy aspects in the public cloud deployment mode, businesses are rapidly switching to the hybrid cloud deployment mode.Information Technology (IT) and IT Enabled Services (ITES) vertical is expected to grow at the highest CAGR during the forecast period.Among the industry verticals, the IT and ITES vertical is expected to grow at the highest CAGR in the global cloud microservices market.
Furthermore, the growing competition in the IT and ITES vertical is shifting the focus on delivering enhanced customer experience and satisfaction.North America is expected to hold the largest market size; and Asia Pacific (APAC) to grow at the highest CAGR during the forecast period.Among regions, North America is expected to hold the largest market size in the global cloud microservices market during the forecast period, followed by Europe.
North America has been adopting cloud microservices within organizations due to their wide range of features and functionalities.APAC is expected to register strong growth in the coming years, as organizations in this region are expected to adopt cloud microservices to improve application development process, and meet the demands of dynamic customers.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60685450Traditional and emerging vendors in the cloud microservices market include AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US), Infosys (India), Kontena (Finland), Macaw Software (US), Marlabs (US), Microsoft (US), Netifi (US), NGINX (US), OpenLegacy (US), Oracle (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), Salesforce (US), SmartBear Software (US), Software AG (Germany), Syntel (US), TCS (India), Unifyed (US), and Weaveworks (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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.
