Microservices Architecture Market Size and Growth Analysis by Salesforce.Com, Microsoft, Cognizant, IBM, Datawire, Infosys Limited, Mulesoft, Nginx, Software AG

Microservices Architecture Market, By Deployment (Cloud, On-Premise), By Service (Inventory Microservice, Accounting Microservice), By Vertical (Energy & Utilities, IT & Telecommunication, BFSI) - Forecast 2023

The global Microservices Architecture market is estimated to accrue up to USD ~33 Billion by 2023 with a whooping double digit CAGR of 17% during 2017 and 2023.

Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), and Salesforce.Com, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Microservices Architecture Global Market.

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Microservices Architecture Market Overview
Microservice architecture is defined as a method for development of application in which the large application is divided into small modular services. Each module assist a specific business goal and uses simple language with well-defined interface to communicate with other services. The Global Microservices Architecture Market is growing with the rapid pace mainly due to the wide range of advantages it offers and the burgeoning advent technology. According to a recent study report published by the Market Research Future, The market is booming and expected to gain prominence over the forecast period.

Microservice architecture is increasingly adopted by organization as an inbuilt mechanism for developing enterprise application. Cloud based solution such as software as a service (SaaS) and platform as a service (PaaS) is driving the market. Categorization of connected device such as smartphones, tablets, drones, wearable, smart home appliances and fitness tracker is driving the Microservices Architecture Market. The key trends that is majorly effecting the market include loose coupling, deployment and domain driven design. As microservices operates on simple and smaller services, there is an increase demand for cloud solution and is one of the important factor driving the market.

The adoption of cloud based microservices architecture is driving the market. Cloud based microservices architecture provides scalability, cost efficiency and 24x7 availability. To enable organization with healthy microservices, cloud based platform automatically shift the instances to servers or vendor management system when the software or hardware on which they are running fails.

While there are some restraints in the microservices architecture which may hamper the market that includes communication failure, network inactivity and failure of single service. This is mainly due to, that in microservices architecture, to communicate with other services, REST API (Representational State Transfer Application Program Interface) is used which gives rise to additional HTTP call overhead.

The advantage of microservices architecture includes improvement in fault isolation system, provide easy platform for new developer and helps to eradicate long term commitment on single technology. The adoption of microservice architecture has assist many big enterprises to begin there transitions as compared to monolithic design structure.

Cloud application based on microservices develops a large number of specialized module that are shared across application and are connected through a company network. Most of the users assume microservices as an evolution of service oriented architecture (SOA). On-premise installation of microservices architecture enable users to easily deploy PHP, python and java application on their machine.

The important trends of microservices architecture includes deployment, loose coupling and design driven domain. By deployment, the microservices technology enable users in such a way, that by deploying an additional feature, it allows them to deploy that particular corresponding service instead of entire application. Microservcies architecture have a strong impact on market in terms of its approach towards building, evolving, scaling and deploying individual service in the operational cycle.

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Microservices Architecture Market – Competitive Analysis
Characterized by the presence of well-established players; Microservices Architecture market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.

Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. These manufactures develop a well-established infrastructure that allows seamless implementation of advanced technologies. They strive to develop unravel design and adept technology Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. In view of growth and immense revenue generation opportunities potential that market is currently demonstrating is in turn attracting several new players to enter the market. However, those new entrants find it challenging to survive in the market with the introduction of new technologies.

Microservices Architecture Market Segments
The Microservices Architecture Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Deployment: Comprises Cloud, On-Premise.
Segmentation By Service: Comprises Inventory Microservice, Accounting Microservice, Shipping Microservice, and Store Microservice among other.
Segmentation By Vertical: Comprises Energy & Utilities, IT & Telecommunication, BFSI, Healthcare, Government, Manufacturing, Retail, and Media & Entertainment among other.
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Microservices Architecture Market – Regional Analysis
The regional analysis of microservice architecture market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for higher market share. North America region possess highest market share due to major microservice architecture players present in the region. Asia-Pacific is expected to be fastest growing market as large number of organizations are adopting microservices architecture to meet needs of modern application development.

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