The global Cloud Microservices market size is expected to reach $4,821.78 Million by 2028 growing at the CAGR of 23.19% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as
- The proliferation of the microservices architecture
- Digital transformations
- Customer-oriented business
Further several factors restraining the market growth include
- Security and compliance
- Restrain 2
Collaborations and Alliances in the Cloud Microservices market are expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Cloud Microservices market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the Cloud Microservices market report also includes the following data points:
- Impact on Cloud Microservices market size
- End-Users Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Cloud Microservices market
Key Insight in the report:
The global Cloud Microservices market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Cloud Microservices market is analyzed across the below-mentioned different segments:
- Components
- Platform
- Services
- Others
- Deployment Type
- Public
- Hybrid
- Private
- Others
- Organization Size
- SMEs
- Large Enterprises
- Others
- End-User
- BFSI
- IT and ITeS
- Telecommunications
- Government
- Healthcare
- Media and Entertainment
- Transportation and Logistics
- Manufacturing
- Others
Cloud Microservices market is also analyzed across the below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in the Cloud Microservices market include:
- CA Technologies
- Contino
- CoScale
- Idexcel
- Kontena
- Macaw
- Microsoft
- Software
- Weaveworks
- AWS
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Cloud Microservices market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding took an investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding the industry dynamics of the Cloud Microservices market
Frequently Asked Questions (FAQ)
Cloud Microservices Market size ?
The global cloud microservices market size is projected to grow significantly. Here are the details from the provided sources:
- The Global Cloud Microservices Market Size is projected to reach USD 8.45 billion by 2032, with a CAGR of 20.49%. It was valued at USD 1.31 billion in 2022
- Another source projects the global cloud microservices market size to reach USD 1718.2 million by 2028, from USD 721.7 million in 2021, at a CAGR of 12.7%
- According to Fortune Business Insights, the global cloud microservices market size was valued at USD 1.29 billion in 2022 and is projected to reach USD 6.04 billion by 2030, exhibiting a CAGR of 21.6% during the forecast period, 2023-2030
- MarketsandMarkets expects the cloud microservices market to grow from USD 683.2 million in 2018 to USD 1,880.0 million by 2023, at a CAGR of 22.4% during the forecast period
The market is expected to witness significant growth due to factors such as digital transformations, the proliferation of microservices architecture, and customer-oriented business. The key players in the market include Amazon Web Services, Inc., Microsoft Corporation, IBM, Salesforce, and Infosys, among others
What are Cloud Microservices ?
Cloud microservices are an architectural method of developing software applications or functions as a distributed set of independently deployable and manageable services. Each service has a unique function that communicates with others via well-defined application programming interfaces (APIs). This approach to software development allows faster development and scalability of applications than a traditional monolithic architecture. Microservices are built as distributed application components, enabling independent scaling and development, while cloud services offer infrastructure, automation, and service management capabilities. They empower organizations to meet changing demands, reduce costs, and deliver applications efficiently in the cloud. Microservices architecture structures an application as a collection of small, loosely coupled, and independently deployable services, allowing greater scalability, agility, and fault isolation. Each service is designed to perform a specific business capability and can communicate with other services through well-defined APIs. Cloud microservices are used to create cloud applications, where each application is built as a set of services, with each service running in its own processes and communicating through APIs. The global cloud microservices market size is projected to reach USD 1718.2 million by 2028, from USD 721.7 million in 2021, at a CAGR of 12.7%
Wholesale Cloud Microservices Market ?
The global cloud microservices market is expected to grow significantly, with the market size projected to reach USD 8.45 billion by 2032, at a compound annual growth rate (CAGR) of 20.49%. The market was valued at USD 1.31 billion in 2022 and is anticipated to witness substantial growth due to factors such as digital transformations, the proliferation of microservices architecture, and customer-oriented business. The key players in the cloud microservices market include Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, Salesforce.com Inc., and Tata Consultancy Services Limited. The market is segmented by component (platform and services), deployment mode (public cloud, private cloud, and hybrid cloud), organization size (large enterprises and SMEs), and end-user industry (BFSI, retail, e-commerce, manufacturing, IT and telecommunications, healthcare, and others). The cloud microservices market is characterized by the architectural approach used to create software applications that operate as distributed controllable modules, with each service serving a specific purpose and interacting with others via well-defined application programming interfaces (APIs)
Cloud Microservices companies ?
Key cloud microservices companies include:
- Amazon Web Services Inc.
- Microsoft Corporation
- IBM Corporation
- Salesforce.com Inc.
- Tata Consultancy Services Limited
- Broadcom Inc. (CA Technologies)
- VMware Inc. (Pivotal Software Inc.)
- Infosys Ltd
- Oracle Corporation
- NGINX Inc.
- Syntel Inc.
- Idexcel Inc.
- RapidValue IT Services Private Limited
- Port
- Temporal
- Kong (Kong Inc.)
- OpenLegacy
- Cloudentity
- Solo (Solo.io)
- Cortex
- Decipher Technology Studios
- WealthKernel
- ARMO
- Tyk
- Grit
- Cortex
- Decipher Technology Studios
- WealthKernel
- ARMO