Cloud Native Platforms Market Insights and Growth Opportunities in 2024: Infosys Corp., Bacancy technology Pvt ltd., Pivotal infrastructure Pvt ltd.

The Global Cloud Native Platforms Market reached US$ 4.9 billion in 2023 and is expected to reach US$ 27.4 billion by 2031, growing with a CAGR of 24.1% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Cloud Native Platforms Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Cloud Native Platforms market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The Cloud Native Platforms Market refers to the global industry focused on providing tools, technologies, and frameworks that enable the development, deployment, and management of applications in cloud environments. Cloud native platforms are designed to fully leverage the advantages of cloud computing, offering flexibility, scalability, and resilience in application development and operations.

Key Developments:

On March 14, 2023, Intellect Design Arena unveiled eMACH.ai, an innovative open finance platform that stands as the largest of its kind in the world. This cloud-native platform is designed to empower banks and financial institutions to develop future-ready technology solutions. Leveraging artificial intelligence powered by Amazon Web Services (AWS), eMACH.ai features 285 pre-built microservices, 1,214 APIs, and 200 cloud-based events, all aimed at fostering innovation and helping financial institutions create market-leading solutions.

In May 2023, NVIDIA launched the NVIDIA Spectrum-X, an advanced networking platform specifically engineered to boost the performance and efficiency of Ethernet-based AI clouds. This platform integrates the NVIDIA Spectrum-4 Ethernet switch with the NVIDIA BlueField-3 DPU, achieving a remarkable 1.7 times enhancement in overall AI performance and power efficiency. NVIDIA Spectrum-X is also bolstered by NVIDIA's acceleration software and SDKs, allowing developers to create cloud-native AI applications with ease.

Then, in October 2023, Microsoft introduced Radius, an open-source and language-agnostic application platform tailored for building and deploying cloud-native applications. Created by the Microsoft Azure Incubation team, Radius facilitates application deployment across private clouds, Microsoft Azure, and Amazon AWS, with Google Cloud support on the horizon. This platform aims to simplify the complexities of cloud-native application development, enabling developers to focus on coding. Radius stands out by offering flexibility, accommodating various application architectures and supporting complex microservices-based applications.

Forecast Growth Projected:

The Global Cloud Native Platforms Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Cloud Native Platforms Market:

Infosys Corp., Bacancy technology Pvt ltd., Pivotal infrastructure Pvt ltd., Cloudhelix Limited., LTI Infotech Corp., Computaris Inc., Cognizant Technology Inc., IndiaNIC infotech ltd, Infostretch corporation and Sciencesoft Corp.

Segment Covered in the Cloud Native Platforms Market:

By Component: Solution, Service.

By Deployment: Private Cloud, Public Cloud, Hybrid Cloud.

By End-User: IT & Telecom, BFSI, Retail and E-commerce, Media & Entertainment, Government, Healthcare & Life Science, Others.

Regional Analysis:

The global Cloud Native Platforms Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Cloud Native Platforms Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Cloud Native Platforms Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Cloud Native Platforms manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Cloud Native Platforms in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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FAQs

How big is the Cloud Native Platforms Market?

The Cloud Native Platforms Market size was USD 4.9 billion in 2023. It is expected to reach USD 27.4 billion by 2031.

How fast is the Cloud Native Platforms Market growing?

The Cloud Native Platforms Market will exhibit a CAGR of 24.1% during the forecast period, 2024-2031.

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