Global Cloud Microservices Market, By Component (Platform, Services), By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), By Deployment Mode (Public Cloud, Private Cloud and Hybrid Cloud), By Vertical (Retail and Ecommerce, Healthcare, Media and Entertainment, Banking, Financial Services, and Insurance, IT and ITes, Government, Transportation and Logistics, Manufacturing, Telecommunication and Others) and By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
The Global Cloud Microservices Market accounted for USD 631.1 million in 2017 and is projected to grow at a CAGR of 24.1% the forecast period of 2018 to 2025.
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Key Players of Global Cloud Microservices Market
Amazon Web Services, Inc.
Pivotal Software, Inc.
Macaw Software Inc.
Global Cloud Microservices Market
- By Component (Platform, Services),
- By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises),
- By Deployment Mode (Public Cloud, Private Cloud and Hybrid Cloud),
- By Vertical (Retail and Ecommerce, Healthcare, Media and Entertainment, Banking, Financial Services, and Insurance, IT and ITes, Government, Transportation and Logistics, Manufacturing, Telecommunication and Others),
- By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Market Drivers and Restraints:
- Digital transformations.
- Increasing proliferation of microservices architecture.
- Customer-oriented business.
- Security and compliance.
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Market Segmentation: Global Cloud Microservices Market
Based on component:
Service is sub segmented into:
- Consulting Services
- Integration Services
- Maintenance Services
Based on organization size:
- Large Enterprises
- Small and Medium-Sized Enterprises
Based on Deployment Mode:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Based on vertical:
- Retail and Ecommerce
- Media and Entertainment
- Financial Services and Insurance
- IT AND Ites
- Transportation and Logistics
Based on geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
A cloud microservices is a software development technique and a collection of loosely coupled services. It is a method of developing software systems that tries to emphasis on developing single-function modules with well-defined operations and interfaces. It is also known as microservice architecture. It develops and organizes applications composed of autonomous, self-contained units. It has various benefits which include flexibility to design better-fit solutions in a more cost-effective way, services are fairly simple and smaller in size, self-contained, enables the substitution of one microservice with another similar micro service and many more. This technique is used in various industries which include retail and ecommerce, healthcare, media and entertainment, banking, financial services, and insurance, IT and ITes, government, transportation and logistics, manufacturing, telecommunication and others.
In Feb, 2018 according to IDC (International Data Corporation) 80% of application development on cloud platforms by the year 2021. In another recent survey, more than 75% of developers are working with cloud microservices.
In 2018 according to article given by Dave Nicolette key development techniques for building microservice-based solutions form a set of microservices that interact with one another unpredictable ways in a dynamically-managed elastic cloud (or cloud-like) environment.
Competitive Analysis: Global Cloud Microservices Market
The global cloud microservices market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of Cloud microservices market for global, Europe, North America, Asia Pacific and South America.
Frequently Asked Questions:
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