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PUBLISHER: IMARC | PRODUCT CODE: 1519771
PUBLISHER: IMARC | PRODUCT CODE: 1519771
Microservices Architecture Market Report by Component, Deployment Type, Organization Size, Industry Vertical, and Region 2024-2032
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PAGES: 139 Pages
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The global microservices architecture market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.4% during 2024-2032.
Microservices architecture comprises autonomous services that are highly manageable and testable, loosely coupled, independently deployable, and organized as per different business capabilities. They enable frequent and reliable delivery of large and complex applications and allow organizations to improve their technology stack. They also assist in establishing communication with other services by utilizing application programming interface (API), event streaming and message brokers. Moreover, as they are failure-resistant, decentralized and evolutionary, the demand for microservices architecture is escalating around the world.
Microservices Architecture Market Trends:
The increasing need for digital transformation to meet business requirements represents one of the key factors bolstering the growth of the market. Microservices architecture enables scalability and speed efficiency and improves development compared to traditional monolithic applications. They also support consumer choices, provide transparency, and expand the business reach. As a result, their utilization is rising among enterprises and numerous industry verticals for enhancing their business agility. Apart from this, boosting sales of connected devices, such as smartphones, wearables, smart home applications, drones, tablets, and fitness trackers, is positively influencing the market growth. This can be accredited to their ability of deploying individual services and providing faster feature update for software applications. Furthermore, due to better performance, reduced risk, and cost efficiency, there is a considerable rise in the usage of cloud-based solutions worldwide. This, in confluence with the technological advancements, such as the integration of microservices architecture with the Internet of Things (IoT), is creating a favorable market outlook. The market is also impelled by the growing utilization of virtualized infrastructure across the globe. Additionally, the outbreak of coronavirus disease (COVID-19) has resulted in the rising demand for cloud microservices on account of the adoption of remote working in numerous organizations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microservices architecture market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, organization size and industry vertical.
Breakup by Component:
Solutions
Service
Breakup by Deployment Type:
On-premises
Cloud-based
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Industry Vertical:
BFSI
Manufacturing
Retail and E-Commerce
IT and Telecom
Healthcare
Government
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., Cognizant, F5 Inc., Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Salesforce Inc., Software AG and Tata Consultancy Services Limited.
Key Questions Answered in This Report
- 1. How big is the global microservices architecture market?
- 2. What is the expected growth rate of the global microservices architecture market during 2024-2032?
- 3. What are the key factors driving the global microservices architecture market?
- 4. What has been the impact of COVID-19 on the global microservices architecture market?
- 5. What is the breakup of the global microservices architecture market based on the component?
- 6. What is the breakup of the global microservices architecture market based on the deployment type?
- 7. What is the breakup of the global microservices architecture market based on the industry vertical?
- 8. What are the key regions in the global microservices architecture market?
- 9. Who are the key players/companies in the global microservices architecture market?
Product Code: SR112024A5670
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Microservices Architecture Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solutions
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Organization Size
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Manufacturing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Retail and E-Commerce
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 IT and Telecom
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Healthcare
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Government
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Broadcom Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Cognizant
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 F5 Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Infosys Limited
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 International Business Machines Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Microsoft Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Oracle Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Salesforce Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Software AG
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Tata Consultancy Services Limited
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.1 Broadcom Inc.
Product Code: SR112024A5670
List of Figures
- Figure 1: Global: Microservices Architecture Market: Major Drivers and Challenges
- Figure 2: Global: Microservices Architecture Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Microservices Architecture Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Microservices Architecture Market: Breakup by Component (in %), 2023
- Figure 5: Global: Microservices Architecture Market: Breakup by Deployment Type (in %), 2023
- Figure 6: Global: Microservices Architecture Market: Breakup by Organization Size (in %), 2023
- Figure 7: Global: Microservices Architecture Market: Breakup by Industry Vertical (in %), 2023
- Figure 8: Global: Microservices Architecture Market: Breakup by Region (in %), 2023
- Figure 9: Global: Microservices Architecture (Solutions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Microservices Architecture (Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Microservices Architecture (Service) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Microservices Architecture (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Microservices Architecture (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Microservices Architecture (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Microservices Architecture (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Microservices Architecture (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Microservices Architecture (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Microservices Architecture (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Microservices Architecture (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Microservices Architecture (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Microservices Architecture (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Microservices Architecture (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Microservices Architecture (Retail and E-Commerce) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Microservices Architecture (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Microservices Architecture (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Microservices Architecture (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Microservices Architecture (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Microservices Architecture (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Microservices Architecture (Government) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Microservices Architecture (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Microservices Architecture (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Microservices Architecture (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: North America: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: North America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: United States: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: United States: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Canada: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Canada: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Asia-Pacific: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Asia-Pacific: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: China: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: China: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Japan: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Japan: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: India: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: India: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: South Korea: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: South Korea: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Australia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Australia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Indonesia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Indonesia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Europe: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Europe: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Germany: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Germany: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: France: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: France: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: United Kingdom: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: United Kingdom: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Italy: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Italy: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Spain: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Spain: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Russia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Russia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Latin America: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Latin America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Brazil: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Brazil: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Mexico: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Mexico: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Middle East and Africa: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Middle East and Africa: Microservices Architecture Market: Breakup by Country (in %), 2023
- Figure 83: Middle East and Africa: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Global: Microservices Architecture Industry: SWOT Analysis
- Figure 85: Global: Microservices Architecture Industry: Value Chain Analysis
- Figure 86: Global: Microservices Architecture Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Microservices Architecture Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Microservices Architecture Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Microservices Architecture Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
- Table 4: Global: Microservices Architecture Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
- Table 5: Global: Microservices Architecture Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
- Table 6: Global: Microservices Architecture Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Microservices Architecture Market: Competitive Structure
- Table 8: Global: Microservices Architecture Market: Key Players
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