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Cloud Microservices Market Expected To Register a CAGR of 24.1% with Major Players as Amazon Web Services, CA Technologies., IBM, Microsoft, Infosys Limited, NGINX, Oracle, Pivotal Software, , Syntel, Gurock Forecasts to 2025
Market Analysis: Global Cloud Microservices MarketThe global cloud microservices market accounted for USD 631.1 million in 2017 and is projected to grow at a CAGR of 24.1% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Cloud Microservices Market
A cloud microservices is a software development technique and a collection of loosely coupled services. It is a method of developing software systems that tries to emphasis on developing single-function modules with well-defined operations and interfaces.It is also known as microservice architecture. It develops and organizes applications composed of autonomous, self-contained units. It has various benefits which include flexibility to design better-fit solutions in a more cost-effective way, services are fairly simple and smaller in size, self-contained, enables the substitution of one microservice with another similar micro service and many more. This technique is used in various industries which include retail and ecommerce, healthcare, media and entertainment, banking, financial services, and insurance, IT and ITes, government, transportation and logistics, manufacturing, telecommunication and others.
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In Feb,2018 according to IDC(International Data Corporation) 80% of application development on cloud platforms by the year 2021. In another recent survey, more than 75% of developers are working with cloud microservices.
In 2018 according to article given by Dave Nicolette key development techniques for building microservice-based solutions form a set of microservices that interact with one another unpredictable ways in a dynamically-managed elastic cloud (or cloud-like) environment.
Key Players: Global Cloud Microservices Market
The renowned players in cloud microservices market are Amazon Web Services, Inc., CA Technologies., IBM, Microsoft, Infosys Limited, NGINX Inc., Oracle, Pivotal Software, Inc., Syntel, Inc., Gurock, Marlabs Inc., RapidValue Solutions, Kontena, Inc., Macaw Software Inc., UNIFYED., Idexcel, Inc. and among others.
Research Methodology: Global Cloud Microservices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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Market Segmentation: Global Cloud Microservices Market
The global cloud microservices market is based on component, organization size, deployment mode, vertical and geographical segments.
• Based on component, the global cloud microservices market is segmented into platform and services. Service is sub segmented into consulting services, integration services, training, support, and maintenance services.
• Based on organization size, the global cloud microservices market is segmented into large enterprises and small and medium-sized enterprises.
• Based on Deployment Mode, the global cloud microservices market is segmented into public cloud, private cloud and hybrid cloud.
• Based on vertical, the global cloud microservices market is segmented into retail and ecommerce, healthcare, media and entertainment, banking, financial services, and insurance, IT AND ITes, government, transportation and logistics, manufacturing, telecommunication and others).
• Based on geography, the cloud microservices market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Analysis: Global Cloud Microservices Market
The global cloud microservices market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of Cloud microservices market for global, Europe, North America, Asia Pacific and South America.
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