Microservices Architecture Market 2019- Cognizant, IBM, Microsoft, Datawire

The global Microservices Architecture market has witnessed changing patterns of consumer demand in the recent times. This research study is an attempt to understand the changes and the impact of this changes on the Microservices Architecture market across the world. The study delivers a comprehensive analysis of the market, acting as a source of valuable information for active market participants across the value chain and assisting them in capitalizing the opportunities as well as developing crucial business strategies. It also helps the companies operating in the market to understand the prevalent market trends and shaping their businesses accordingly.

Microservices architecture (MSA) is a method of developing software systems in which large monolithic applications are broken down into smaller manageable independent services which focuses on performing one task efficiently and communicate via language agnostic protocols. Instead of focusing all teams on one large application, smaller independent services are managed by different smaller teams which enables superior scalable systems, improved productivity, and faster development cycles. By doing so, the responsibility of the codes running under that particular individual service is given to one particular development group. The philosophy behind microservices architecture is to do one thing and do it well. Some of the key benefits of microservices architecture are, it supports consumer choice, transparency and enablement, it extends the reach of business, and most importantly it improves business’ time to market by providing technology agility. With the help of microservices architecture, important security patches can be distributed faster as it uses simpler code structures compared to monolithic applications. Microservices architecture is a digital business asset especially for service providers as it keep the services more competitive, relevant, in demand and responsive to change. Microservices architecture also provides an opportunity to enhance service offerings for different consumer audiences by supplementing or adding value to an existing service.

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The increased adoption of Cloud based Software as a Service (SaaS) providers in the enterprise business functionality have increased the need to integrate multiple application providers and services to support the enterprise. As microservices function on smaller and simpler services, the increase in Cloud adoption is one of the driving factors for the microservices architecture market. Proliferation of connected devices such as wearables, smartphones, smart home appliances, tablets, drones, and fitness trackers is the key driving factor for the microservices architecture market. This is because today’s business customers expect a feature update for software applications on a much quicker iteration cycle than what traditionally existed. Microservices architecture is much more responsive to market requirements as it is an approach toward building, scaling, evolving, and deploying the individual services in the cycle.

There are certain scenarios such as possible communication failures or network latency that need to be considered while adapting to microservices architecture. This is due to the fact 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. However, to build the more granular services, technologies such as Internet of Things (IoT) and Virtualization presents the better opportunity for the microservices architecture market.

The global microservices architecture market has been segmented on the basis of deployment, end-use industry, and geography. Based on deployment, the market has been divided into cloud and on premise. In terms of end-use industry, the microservices architecture market has been segregated into BFSI, government, manufacturing, IT and Telecom, retail, healthcare, energy and utilities, media, and others. As per geography, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and South America.

Some of the major players in the global microservices architecture market include Cognizant, IBM Corporation, Microsoft Corporation, Datawire, Salesforce.com., Infosys Limited, MuleSoft, INC., Software AG, IBM Corporation, and NGINX Inc.

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The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

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