Press release
Global Microservices Market Size, Demand, Trends and Growth by Business Opportunities, Latest Innovation, Technology Trends and Forecast 2025 | Ibm, Microsoft, Salesforce, Infosys, Nginx, Oracle
The global Microservices Market is thoroughly analysed by covering major segments of the market. An in-depth market segmentation is covered below that reflects the vital elements included in the Microservices market research report. According to market is projected to grow at a stellar CAGR during the period of assessment, 2020-2024.Global Microservices Market overview:
The report of global Microservices Market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.
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In today’s business environment, with the rapid advancements in technologies, there is an increase in the use of digital solutions, connected devices, and IT systems. This rapid rise in technological innovations has paved the way for the growth of digital transformation. Organizations across the globe are eagerly implementing new applications across their verticals to engage customers in innovative and captivating ways.
Moreover, to fulfill the organizational needs entirely, these new applications must be deployed in an agile environment, leading to a rapid and responsive development while keeping the security performance and cost-effectiveness optimal. The microservices architecture helps enterprises rapidly build and deploy business applications. It provides greater flexibility in developing applications as compared to the monolithic architecture. It has a range of benefits, such as faster Time to Market (TTM), scalability, and lower operational cost. In addition to this, microservices are helping businesses in reducing the complexity of the software development process. Hence, businesses are adopting the cloud microservices approach, which is essential in developing advanced business applications.
The Global Microservices Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Microservices Market is sub segmented into Public Cloud, Private Cloud, Hybrid Cloud. Based on End Use Industry segment, the Microservices Market is sub segmented into Retail And Ecommerce, Healthcare, Media And Entertainment, Banking, Financial Services.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Microservices Market segmentation is also done on the basis of applications. Leading players of the industry have also been profiled with their recent developments and other strategic industry activities. A few top players in the industry are Aws, Ca Technologies, Ibm, Microsoft, Salesforce, Infosys, Nginx, Oracle, Pivotal Software, Syntel, Smartbear Software, Marlabs, Rapidvalue Solutions, Kontena, Macaw Software, Unifyed, Robomq, Idexcel, Weaveworks, Contino, Openlegacy, Coscale, Software Ag, Netifi, Tcs.
Key Questions Answered in this Report:
1 What will the market size be in 2023?
2 What are the key factors driving the Global Microservices Market?
3 What are the challenges to market growth?
4 Who are the key players in the Global Microservices Market?
5 What are the market opportunities and threats faced by the key players?
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Latest Industry Updates:
IBM and Cisco have provided the Region of Madrid with the access, management and support of the Cisco Webex teleworking and collaboration tool, which offers simple and intuitive functionalities for e- education.
The solution – already working since yesterday - connects teachers and students in real time. More than 100,000 teachers from the Madrid already have a personal account in the service to start virtual classes. All those teachers registered in EducaMadrid (in the 2019-2020 academic year) will be able to use the platform.
“At Cisco, all workers are committed to positively impacting the country with our collaboration and our technology. We want to help everyone benefit from digitization, especially in critical situations such as the current one”, highlights Andreu Vilamitjana, CEO of Cisco Spain. "Through the Digitaliza program, we collaborate with the Administrations to guarantee the activity of companies, health centers and schools and help people preserve their health."
From IBM we want to contribute with our professionals, technology and knowledge in the collective effort to alleviate this health and social crisis. Our goal as a company is to create innovations that help society progress and improve, with technology always aimed at the common good. On this occasion, we are especially proud to be able to contribute, combining technology and professional volunteering, to reducing the impact of the COVID 19 crisis in our country”, says Marta Martínez, IBM Spain, Portugal, Greece and Israel General Manager.
Microservices Market: Region-wise Outlook
Asia Pacific was a prominent market for Microservicess in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Microservices market in Asia Pacific.
There are several manufacturers of Microservicess in Europe and North America. In North America, the demand for Microservicess is primarily driven by the residential sector. Improved standards of living and rising usage of Microservicess for flooring purpose are anticipated to drive the market in North America.
In Europe, the demand for Microservices is anticipated to be primarily from the commercial sector. Microservicess are being employed widely for flooring in commercial complexes, which is estimated be a major factor that is likely to propelling the consistent expansion of the Microservices market in the region.
Demand for Microservicess in Middle East & Africa is projected be primarily due to the utilization of Microservicess in the construction industry. In recent years, there has been exceptional growth in the construction industry of UAE and Egypt which has driven the market of Microservicess in the region of Middle East & Africa
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Table of Contents:
Global Microservices Market Report 2020
1 Microservices Definition
2 Global Microservices Market Major Player Share and Market Overview
3 Major Player Microservices Business Introduction
4 Global Microservices Market Segmentation (Region Level)
5 Global Microservices Market Segmentation (Product Type Level)
6 Global Microservices Market Segmentation (Industry Level)
7 Global Microservices Market Segmentation (Channel Level)
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