Microservices Architecture Market: Trends, Production, Revenue, Growth And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Microservices Architecture Global Market Report 2023 identifies proliferation of connected devices as the major driver for the Microservices Architecture market's growth in the forecast period. Connected devices are physical objects that are connected wirelessly to a network (the internet) with each other or other systems and are capable of sending and receiving data to form communication among them, which includes smartphones, laptops, smart vehicles, and others. Microservices architecture-based solutions in connected devices help develop various software that provides seamless interaction among heterogeneous devices, protocols, and applications, increasing the ability of devices to share data from one computing environment to another. Additionally, microservices architecture provides continuous upgrades, integration, and maintenance of IoT applications in connected devices

The global microservices architecture market size is expected to grow from $4.44 billion in 2022 to $5.31 billion in 2023, at a compound annual growth rate (CAGR) of 19.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global microservices architecture is expected to grow to $10.86 billion in 2027 at a CAGR of 19.6%.

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Major competitors in the Microservices Architecture market are Cognizant, International Business Machines, Microsoft Corporation, Oracle Corporation, Tata Consultancy Services Limited, Infosys Limited, Datawire Inc., Software AG, Salesforce Inc., F5 Inc., Broadcom Inc., MuleSoft LLC, Amazon Web Services Inc., Vmware Inc., Atos Syntel, Idexcel Inc., and Atlassian Corporation PLC

A key trend in the Microservices Architecture market includes technological advancement. Major companies operating in the microservices architecture market are focused on developing innovative products such as Infosys Cortex, a customer engagement platform that works on managed artificial intelligence (AI) and analytics services for smarter and faster decision-making

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The Microservices Architecture market is segmented -
1) By Component: Solution, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Deployment Type: On-Premise, Cloud
4) By End-Use Industry: Banking, Financial Services And Insurance, Government, Manufacturing, IT And Telecom, Retail, Healthcare, Energy And Utilities, Media, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Microservices Architecture market.

The Business Research Company's "Global Microservices Architecture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Microservices Architecture Market Include:
1. Executive Summary
2. Microservices Architecture Market Characteristics
3. Microservices Architecture Market Trends And Strategies
4. Microservices Architecture Market - Macro Economic Scenario
5. Microservices Architecture Market Size And Growth
........
26. Africa Microservices Architecture Market
27. Microservices Architecture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microservices Architecture Market
29. Microservices Architecture Market Future Outlook and Potential Analysis
30. Appendix

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