Press release
Microservices Architecture Market Size, Share And Analysis | 2027 | Growth And Market Overview
Microservices architecture (MSA) or microservices is a cloud-native architectural approach comprised of highly manageable, testable, organized, independently deployable smaller components or services managed by small development teams. It supports specific tasks or business goals and uses application programming interfaces (API), event streaming, and message brokers to communicate with sets of services. These services also provide various benefits, including improved productivity, optimized business functionality, simplicity, better resiliency, superior scalable system, faster development cycles, flexibility, and support consumer choice. Owing to these benefits, microservices architecture is extensively adopted in manufacturing, retail, information and technology (IT), healthcare, banking, financial services and insurance (BFSI), telecom, and government industries across the globe.
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Microservices Architecture Market Trends:
The market is primarily driven by the increasing need for digital transformation to meet business requirements. MSA is widely utilized in various organizations as it provides enhanced performance, speed and cost efficiency, transparency, and expanded business reach for enhancing business agility. In addition, the sudden coronavirus disease (COVID-19) outbreak has escalated the adoption of MSA due to the growing popularity of remote working across numerous organizations, which is contributing to market growth.
Moreover, the increasing utilization of wearables, tablets, fitness trackers, smartphones, and smart home applications is accelerating the product adoption rate globally. Besides this, continuous technological advancements and the incorporation of MSA with the internet of Things (IoT) represents another major growth-inducing factor. Furthermore, extensive research and development (R&D) activities conducted by key players and the rising use of cloud-based solutions are also creating a positive market outlook.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
• Solutions
• Service
Breakup by Deployment Type:
• On-premises
• Cloud-based
Breakup by Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Breakup by Industry Vertical:
• BFSI
• Manufacturing
• Retail and E-Commerce
• IT and Telecom
• Healthcare
• Government
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Key Companies Covered in this Market Report:
• Broadcom Inc.
• Cognizant
• F5 Inc.
• Infosys Limited
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• Salesforce Inc.
• Software AG
• Tata Consultancy Services Limited.
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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