PUBLISHER: Value Market Research | PRODUCT CODE: 1377897
PUBLISHER: Value Market Research | PRODUCT CODE: 1377897
The global demand for Cloud Microservices Market is presumed to reach the market size of nearly USD 11.29 BN by 2030 from USD 2.1 BN in 2022 with a CAGR of 23.4% under the study period 2023 - 2030.
Cloud microservices represent an architectural strategy for creating and deploying software applications. This method involves breaking down the application into a set of small, self-contained, and loosely interconnected services that operate within cloud computing environments. Each microservice represents a specific, well-defined functionality within the larger application and operates as a standalone service.
The Cloud microservices market is on the rise due to a range of influential factors shaping the software development and cloud computing landscape. These drivers include the need for scalability and flexibility, as microservices enable organizations to independently scale components of their applications to meet varying demands. Furthermore, cloud microservices promote agility and speed in software development, facilitating faster time-to-market for new features. Cost efficiency is another compelling factor, as microservices optimize resource utilization and align with the cost-effective pay-as-you-go model of cloud platforms. Enhanced reliability and resilience are achieved through microservices, preventing the failure of one component from affecting the entire application. Technological diversity, DevOps and CI/CD adoption, containerization, and orchestration also contribute to the growing popularity of microservices. They enable organizations to stay competitive, undergo digital transformation, and navigate complex IoT and edge computing landscapes effectively. Moreover, microservices enhance security and compliance while accommodating global operations. This combination of factors is propelling the adoption of cloud microservices as businesses strive to modernize their IT infrastructure, improve agility, and thrive in the dynamic digital economy. The market is expected to continue expanding as more organizations recognize the advantages of scalable, reliable, and innovative software solutions offered by microservices in cloud environments.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cloud microservices. The growth and trends of cloud microservices industry provide a holistic approach to this study.
This section of the cloud microservices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Cloud Microservices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 Cloud Microservices market include AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US). Infosys (India), Kontena (Finland), Macaw (US), Marlabs (US), Microsoft (US), Netifi (US), NGINX (US), OpenLegacy (US), Oracle (US), Pivotal Software (US) RapioValue Solutions (US), RoboMQ (US), Salesforce (US). This section consists of 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.
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