Press release
Cloud microservices Market Size 2020 Analysis, Future Plans, Technological Advancement, Target Audience, Growth Prospects Predicted by 2023
Overview
Cloud microservices is useful for developing software systems that can create a single-platform operated architectural module. Market Research Future (MRFR) has published a research report on the global Cloud microservices Market Size that forecasts big development for this market at 25% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 2,146.7 mn by the end of the forecast period.
The factors essential for global Cloud microservices Market Size growth include the increased proliferation of the microservices architecture and rising demand for low cost & secured information technology (IT) operations. Other factors contributing to the market growth include increasing cloud services adoption, increasing disposition of enterprises towards private cloud for data security, and cost reduction regarding the on-premise IT deployment.
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Segments
The global Cloud microservices Market Size segmentation segments the market into component, deployment, organization size, verticals, and lastly, region. The component-based segmentation segments this market into platform and services. Services segment has been sub-segmented into consulting service, integration services, and maintenance & support services.
Based on deployment, the market has been segmented into the private cloud, public cloud, and hybrid cloud. As per organization size, the market can be segmented into small & medium-sized enterprises (SMEs) and large enterprise. On the basis of vertical, the market segmentation covers Banking, financial services and insurance (BFSI), government, healthcare, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and transportation & logistics.
The regional segmentation of the global Cloud microservices Market Size segments the market into regional markets known as Europe, Asia Pacific, North America, and rest of the world (RoW). North America is a major regional market because it is an early adopter of microservices architecture. Many industries and verticals in this region are adopting cloud microservices in order to increase their business efficiency. Due to technological advancement, the significant country-specific markets North America are USA, Canada, and Mexico.
Key Players
The key players in the global Cloud microservices Market Size include Amazon Web Services (USA), CA Technologies, Contino (UK), CoScale (Belgium), IBM Corporation (USA), Idexcel (USA), Infosys Limited (India), Kontena (Finland), Macaw (USA), Marlabs (USA), Microsoft Corporation (USA), Netifi (USA), NGINX (USA), OpenLegacy (USA), Oracle Corporation (USA), Pivotal Software (USA), RapidValue Solutions (USA), RoboMQ (USA), Salesforce.com Inc (USA), SmartBear Software (USA), Software AG (Germany), Syntel (USA), Tata Consultancy Services (TCS) (India), Unifyed (USA), and Weaveworks (UK).
Latest Industry News
Sysdig has released version 2.0 of its cloud-native security and visibility platform. The new update has unified the aspects of its platform for a complete view of the health, performance, and risk levels of cloud-native applications owned by an enterprise. 10 APR 2019
Citrix ADC and Citrix SD-WAN will be available on Google Cloud Platform from May 2019. 11 APR 2019
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Regional Analysis
Europe is the second largest regional market in terms of revenue due to technological advancement in countries like Germany and the UK. Other serious country-specific markets in this region are France, Italy, and Spain.
Asia Pacific region is the fastest growing regional market because many enterprises are deploying their business and facilities in this region to churn out the minimal cost in providing services to customers. China and India are becoming the hub of IT services. Another technologically advanced market in this region can be Japan, followed by the remaining countries of the Asia Pacific region.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). Latin America is a small market because the availability of advanced technology is limited in this region. Argentina and Brazil are two powerful economies that have the potential to rise as lucrative markets in the future. In MEA countries, the market is minimal because most countries being poor, lack of awareness, lack of education, lack of right infrastructure, lack of skilled professionals and lack of technological advancement.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
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