PUBLISHER: Allied Market Research | PRODUCT CODE: 1414790
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414790
According to a new report published by Allied Market Research, titled, "Cloud Native Technologies Market," The cloud native technologies market was valued at $6.5 billion in 2022, and is estimated to reach $53.6 billion by 2032, growing at a CAGR of 23.8% from 2023 to 2032.
The capability to be deployed and operated in a distributed manner is one of the primary features of cloud-native applications. These packages be fast scaled up or down to fulfill converting needs. They also be distributed throughout numerous cloud servers or data centers to boost overall performance and reliability. Moreover, as a result of its allotted nature, the cloud platform also easily be integrated with other cloud services and assets, which include networking, databases, and garage. Vendor lock-in refers to the situation where a customer becomes dependent on a particular vendor's products or services to the extent that switching to another vendor becomes difficult or expensive. In the context of cloud native technologies, the significant reduction in vendor lock-ins plays a pivotal role in driving the market forward. Cloud native approaches enable applications to be built and deployed using containers, microservices, and dynamically orchestrated environments. This methodology facilitates a more modular and interoperable structure, allowing applications to be more easily portable across different cloud platforms and services.The cloud native technologies market is segmented on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of the component, the market is classified into hardware, software, and services. By deployment mode, it is categorized into public cloud, private cloud, and hybrid cloud. On the basis of the organization size, the market is bifurcated into large enterprises and small & medium-sized enterprises. By industry vertical, it is divided into BFSI, retail, manufacturing, healthcare, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The impact of cost overruns on cloud-native technology adoption is lead to a slowdown in adoption rates as companies become more cautious about investing in new technologies, fearing potential financial risks. It might cause organizations to reconsider their migration strategies or opt for partial rather than comprehensive cloud-native solutions to manage and mitigate costs. Some of the key players profiled in the report include Alibaba Group Holding Limited, Dell Technologies Inc., Dropbox, Google, Inc., Hewlett Packard Enterprise Development L.P., IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce, and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud native technologies market.
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