Cloud microservices Market Research, By Component (Platform, Services), Organization Size (Large Enterprise, SMEs), Deployment (Private, Public, Hybrid), Verticals (Retail and E-Commerce, Healthcare, Media & Entertainment)— Global Forecast till 2023
The global cloud microservices market was valued at USD 584.4 million in 2017 and is expected to reach USD 2,146.7 million by the end of the forecast period with a CAGR of 25.0%.
Cloud microservices is one of the prominent way to develop software systems focused on creating a single-platform operated archityectural module. These cloud microservices have seen major growth trend in the recent years due to higher deployment of cloud services in small and medium enterprises. This has enabled the enterprise to develop a agile testing services to create scalable, and reliable software architecture. The microservices architecture helps the enterprises to enable individual process on its own as a set of services that runs by an application programming interface (API). The cloud microservices enable enterprises to be highly maintainable, and predictable in identfying the errors, able to deploy services independently without depending upon other layers of services. Additionally, the cloud microservices help these enterprises to work over large, and complex applications.
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The major driving factors that contribute towards the growth of the global cloud microservices market include increased proliferation of the microservices architecture, rising demand of low cost and secured IT operations, and increasing cloud services adoption. Moreover, the increasing disposition of enterprises towards private cloud for data secuerity, and minimizing the on-premise IT deployment cost. However, the factors that refrain the market growth include lack of technical expertise, and higher cost on initail deployment of microservices architecture.
The global Cloud microservices Market is segmented into component, organization size, deployment, verticals, and region.
By component, the market is segmented into platform, and services. Services is further segmented into consulting service, integration services, and maintenance & support services.
By organization size, the market is segmented into large enterprise and small and medium sized enterprises.
By deployment, the market is segmented into public cloud, private cloud, and hybrid cloud.
By vertical, the market is segmented into retail and e-commerce, healthcare, media & entertainment, BFSI, IT & telecommunication, government, transportation and logistics, and manufacturing.
By region, the cloud microservices market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
The global market for cloud microservices is estimated to grow at a significant rate during the forecast period from 2019 to 2023. The geographical analysis of cloud microservices market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North American is one of major and early adopter of the microservices architecture. Various industries and verticals in this region are adopting cloud microservices to increase their business efficiency. However, Europe closely follows North America in terms of revenue generation owing to highly developed countries like the UK, and Germany. Asia-Pacific is the fastest growing region. This is due to various enterprises are deploying their business and facilities in Asia Pacific to churn out the minimal cost in providing services to customers.
The key players in the cloud microservices market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Amazon Web Services (US), CA Technologies, IBM Corporation (US), Microsoft Corporation (US), Salesforce.com Inc (US), Infosys Limited (India), Oracle Corporation (US), Syntel (US), SmartBear Software (US), and Software AG (Germany). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the cloud microservices market. These include Contino (UK), CoScale (Belgium), Idexcel (US), Kontena (Finland), Macaw (US), Marlabs (US), Netifi (US), NGINX (US), OpenLegacy (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), TCS (India), Unifyed (US), and Weaveworks (UK) and others.
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- Government Agencies
- Network Solution Providers
- Independent Software Vendors
- Consulting Firms
- System Integrators
- Research Institutes and Organizations
- Technology Standards Organizations
- Cloud Microservices Platform Vendors
- Application Developers
- Container Services Providers
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
LIST OF TABLES
Table 1 Global Cloud Microservices Market, By Component, 2019–2023
Table 2 Global Cloud Microservices Market, By Organization Size, 2019–2023
Table 3 Global Cloud Microservices Market, By Deployment, 2019–2023
Table 4 Global Cloud Microservices Market, By Vertical, 2019–2023
Table 5 Global Cloud Microservices Market, By Region, 2019–2023
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LIST OF FIGURES
FIGURE 1 Global Cloud Microservices Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Cloud Microservices Market
FIGURE 4 Value Chain Of Global Cloud Microservices Market
FIGURE 5 Share Of Global Cloud Microservices Market In 2017, By Country (In %)
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