Cloud Native Applications Market Key Players, Size, Share, Demands, Trends, Growth rate and Forecasts to 2028

The Cloud Native Applications market size is expected to grow from USD 5.9 billion in 2023 to USD 17.0 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. Open-source platforms such as the popular Kubernetes provide developers with a framework to run distributed systems resiliently. It manages scaling and failover for the application, provides deployment patterns, and many more. Open-source managed services (OSMS) have also become a key part of the cloud native app development ecosystem. Services and tools are required to provide app developers and businesses with various ways to take advantage of the cloud and open-source software. For instance, the Kubernetes website lists over 200 'certified service providers' who integrate with their open-source platform. OSMS providers make the configuration, monitoring, and management of cloud native apps easier, nimble, more predictable, and more reliable. OSMS providers largely focus on businesses that don't have the limitless development resources of companies such as IBM, Amazon, and Google.

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Cloud native applications vendors include Amazon.com, Inc. (Amazon, US), Google LLC (Google, US), International Business Machines Corporation (IBM, US), Infosys Technologies Private Limited (Infosys, India), Larsen & Toubro Infotech (LTI, India), Microsoft Corporation (Microsoft, US), Oracle Corporation (Oracle, US), Red Hat (US), SAP SE (SAP, Germany), VMware (US), Alibaba Cloud (Singapore), Apexon (US), Bacancy Technology (India), Citrix Systems, Inc. (Citrix, US), Harness (US), Cognizant Technology Solutions Corp (Cognizant, US), Ekco (Ireland), Huawei Technologies Co. Ltd. (Huawei, China), R Systems (US), Scality (US), and Sciencesoft (US).The study includes an in-depth competitive analysis of these key players in the Cloud native applications market with their company profiles, recent developments, and key market strategies.

Cloud native applications are software applications that are built specifically to operate in cloud computing environments, using containerization and microservices architecture. These applications are designed to be more flexible, scalable, and resilient than traditional applications, allowing them to be easily deployed and managed in cloud-based environments.

Some of the key drivers of growth in the cloud native applications market include the increasing demand for cloud-based solutions, the rise of microservices architecture, and the need for more agile and flexible software development methodologies. In addition, the growing adoption of containerization technologies such as Docker and Kubernetes is fueling the growth of the market, as these technologies are essential for building and deploying cloud native applications.

However, there are also challenges facing the cloud native applications market, such as the need for specialized skills and expertise in cloud computing and containerization, as well as concerns around data security and regulatory compliance.

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Overall, the cloud native applications market is expected to continue to grow in the coming years, as more organizations embrace cloud computing and seek to take advantage of the benefits of cloud native applications, such as improved scalability, flexibility, and agility.

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