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Soaring Demand Set to Propel Microservices Architecture Market to $15.64 Billion by 2029
Microservices Architecture
What Is the Expected CAGR for the Microservices Architecture Market Through 2025?
The market size for microservices architecture has seen significant expansion in past years. An escalation from $6.27 billion in 2024 to $7.4 billion in 2025, representing a compound annual growth rate (CAGR) of 17.9% is anticipated. The historical growth has been influenced by factors such as the ascent of cloud computing, digital revolution, a cultural gravitation towards DevOps practices, a demand for scalability, and increasing worries about data security.
What's the Projected Size of the Global Microservices Architecture Market by 2029?
In the coming years, the microservices architecture market is projected to experience significant expansion, reaching a value of $15.64 billion by 2029 with a compound annual growth rate (CAGR) of 20.6%. This surge within the forecast period is due to the increased adoption of serverless architecture, integration of Internet of Things (IoT), improved security protocols, emphasis on sustainability, and microservices architecture. Noteworthy trends expected during this period are the use of AI in DevOps, advent of event-driven architecture, continuous integration, the shift towards micro frontends, and better management of hybrid clouds.
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Top Growth Drivers in the Microservices Architecture Industry: What's Accelerating the Market?
The surge in the number of connected devices is projected to significantly drive the growth of the microservices architecture market. These connected devices are physical entities wirelessly linked to a network (such as the internet) with one another or different systems, enabling them to transmit and receive data for communication among them. This includes tools like smartphones, laptops, smart vehicles, and the like. Microservices architecture-based solutions in these connected devices facilitate the development of different software that ensures smooth interaction among varying devices, protocols, and applications, enhancing the ability for devices to transfer data across different computing environments. Moreover, the microservices architecture supports consistent updates, integration, and upkeep of IoT applications in connected devices. For example, Uswitch, a UK-based price comparison website stated in November 2023 that 92% of mobile users in the UK used a smartphone. Additionally, as per The Office of Communications, a government-approved communications regulator in the UK, in March 2022, 21% of internet users in the UK were using a smartphone. Hence, the rise in the usage of connected devices is propelling the growth of the microservices architecture market.
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What Trends Will Shape the Microservices Architecture Market Through 2029 and Beyond?
Major corporations in the microservices architecture market are focusing their efforts on creating new products using microservices architecture. The objective is to achieve ultra-low latency, which will contribute to the enhancement of system performance, improvement of response times, and support high-frequency trading environments. This will provide an improved user experience and allow the corporations to maintain their competitive edges. Ultra-low latency is a term referring to the negligible delay in data transmission and processing, which is typically calculated in microseconds or nanoseconds. For instance, in September 2024, Vermiculus, a leading manufacturer of advanced materials in the United States, introduced VeriTrade, a product based on microservices architecture. VeriTrade ensures a reliable and predictable order matching process, which is essential in an industry where the significance of timing cannot be overstated. This method increases the certainty of trade executions.
What Are the Main Segments in the Microservices Architecture Market?
The microservices architecturemarket covered in this report 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
Subsegments:
1) By Solution: Microservices Development Tools, API Management Solutions, Containerization Platforms, Service Mesh Solutions
2) By Services: Consulting Services, Implementation Services, Integration Services, Support and Maintenance Services
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Which Top Companies are Driving Growth in the Microservices Architecture Market?
Major companies operating in the microservices architecture market include Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Tata Consultancy Services Limited, Salesforce Inc., Google Cloud Platform, Cognizant Technology Solutions India Pvt Ltd., VMware Inc., Twilio Inc., Citrix Systems Inc., F5 Inc., Splunk Inc., Micro Focus International plc, TIBCO Software Inc., Red Hat Inc., Software AG, Dynatrace Inc., New Relic Inc., Suse Linux AG, HashiCorp Inc., WSO2 Inc., Docker Inc., D2iQ Inc., Lightbend Inc., Datawire Inc., Kubernetes
Which Regions Will Dominate the Microservices Architecture Market Through 2029?
North America was the largest region in the microservices architecture market in 2024. The regions covered in the microservices architecture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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