Cloud Microservices Market 2021 Industry Share, Trend and Forecast to 2027
Posted by mahavir mete on May 14th, 2021
A New Market Study, titled “Cloud Microservices Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
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The data analysts at Market Research Future Reports (MRFR) have conducted a thorough analysis of the cloud microservices market is estimated to value USD 2,146.7 million, thriving at a CAGR of 25% during the assessment period. The growing number of microservices architecture is anticipated to affect the global cloud microservices market 2020. Besides, the increasing demand for secured IT operations and cheap cost methods have further led to market expansion. Furthermore, the inclination of enterprises towards the private cloud for data security is projected to play an important part in market expansion. Also, the growing need to minimize the on-premise IT deployment cost is another pivotal factor leading to the growth of the market. However, insufficient technical expertise and the expenses related in the initial stage are anticipated to refrain the market from expanding.
However, the outbreak of COVID-19 has resulted in a pause in the daily operational activities of the global cloud microservices market. The offices have been temporarily shut to contain the spread of coronavirus. Thorough research is being carried out on the impact of coronavirus on the worldwide market. We will provide an impact analysis report on COVID-19.
The worldwide cloud microservices market can be distinguished on the basis of organization size, component, deployment, verticals, and geography.
On the basis of organization size, the worldwide cloud microservices market can be distinguished into large enterprise and small and medium-sized enterprises.
On the basis of component, the global cloud microservices market can be distinguished into platform and services.
On the basis of deployment, the worldwide cloud microservices market can be distinguished into the public cloud, private cloud, and hybrid cloud.
On the basis of verticals, the worldwide cloud microservices market can be distinguished into healthcare, retail and e-commerce, media & entertainment, IT & telecommunication, BFSI, government, transportation and logistics, and manufacturing.
On the basis of geography, the worldwide cloud microservices market can be distinguished into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Complete Report Details @ https://www.marketresearchfuture.com/reports/cloud-microservices-market-7199
The market for cloud microservices is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of cloud microservices market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among the regions mentioned above, North America is expected to be the leading region in the cloud microservices market. This growth can be attributed owing to the increasing demand of low-cost cloud infrastructure development and growing use of software services among small and medium enterprises. Moreover, owing to the presence of various major players operating in this market in the US and Canada contribute to the growth of this market.
On the other hand, the Asia-Pacific region is expected to the fastest growing region in cloud microservices market followed by Europe. This growth can be attributed to many large enterprises that are min demand to streamline their daily business tasks over a cloud into microservices to increase the operational efficiency. This also helps these enterprises to churn out the services art low cost. It is also noted that India and China are moving towards becoming the hub for IT services.
The established players of the global cloud microservices market are Software AG (Germany), CA Technologies, Amazon Web Services (US), IBM Corporation (US), Salesforce.com Inc (US), Microsoft Corporation (US), Infosys Limited (India), Syntel (US), Oracle Corporation (US), SmartBear Software (US). The other players contribute 30-35% in the cloud microservices market. Some of them are CoScale (Belgium), Contino (UK), Idexcel (US), Macaw (US), Kontena (Finland), Marlabs (US).
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About the Authormahavir mete
Joined: April 27th, 2021
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