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The global Cloud Native Software Market Growth Accelerated by Increased Adoption of Microservices and Containerization

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Anubhav mishra
The global Cloud Native Software Market Growth Accelerated by Increased Adoption of Microservices and Containerization

Cloud native software refers to applications that are developed using DevOps practices to leverage the advantages of cloud computing, such as scalability, reliability and automation. These applications are designed to be portable, distributed and resilient and take full advantage of cloud capabilities and architectures. The global Cloud Native Software Market is estimated to be valued at US$ 5.8 Bn in 2023 and is expected to exhibit a CAGR of 12. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Cloud native applications are amenable to deployment on cloud infrastructure and do not require re-architecture to benefit from distributed and elastic scaling of resources.


Market key trends:

 Increased adoption of microservices and containerization has been a key driver of growth for the cloud native software market. Microservices break down applications into independently deployable modular components that are lightweight and focused on doing a single task. This makes applications more scalable, flexible and resilient. Containerization isolates applications from the underlying infrastructure and other containers, enabling developers to package code into portable containers. Microservices and containers promote development speed, reduce complexity and enable continuous delivery. Major cloud providers such as Amazon Web Services, Microsoft Azure and Google Cloud support microservices and container technologies which has accelerated their adoption. Cloud native architecture is poised to drive the next generation of application development.

Segment Analysis

The global cloud native software market comprises software platforms, product and services segments. The software platform segment dominated in 2022, accounting for around 40% share. This is because cloud native platforms help in building and managing cloud native applications along with Kubernetes, containers, serverless computing and microservices.


Key Takeaways


The global cloud native software market is expected to witness high growth over the forecast period due to the increasing adoption of cloud services across industries. The market size is projected to reach US$ 14.3 Bn by 2030, expanding at a CAGR of around 12%.


Regional analysis

North America dominated the global market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to large-scale adoption of digital technologies across industries such as healthcare, BFSI, IT & telecom and retail in countries like the US and Canada. The Asia Pacific region is projected to witness the fastest growth over the next eight years supported by growing investments in cloud computing by Chinese and Indian enterprises.


Key players

Key players operating in the cloud native software market are Siemens Healthineers AG, Medline Industries, Inc., Owens Corning, Stericycle, Inc., Philips Healthcare, Trane Technologies plc, Johnson Controls International plc, Hitachi, Ltd., Honeywell International Inc., Schneider Electric SE, Johnson & Johnson, Gundersen Health System, Stryker Corporation, HDR, Inc., Dignity Health. Siemens Healthineers AG dominates due to its extensive product portfolio and global presence across major healthcare markets.

Explore more trending article on this topic:https://www.newsstatix.com/cloud-native-software-market-is-driven-by-increased-uptake-of-microservices-architecture/

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