Global Cloud Microservices Market to touch approximately USD7.4 Billion by 2024.

Posted by Shubhangi Sapkal on August 14th, 2019

The report on “Global Cloud Microservices Market ” is segmented by Components (Platform, Services), By Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud) , by Organisation Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), by Industry Vertical (Retail and eCommerce, Healthcare, Media and Entertainment, BFSI, IT and ITES, Government, Transportation and Logistics, Manufacturing, Telecommunication, Others (Energy and Utilities, Travel and Hospitality, and Education)), by geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) Global Industry Analysis and forecast 2018-2026”. Global Cloud Microservices Market is expected to reach USD1880 Mn by 2026 at a CAGR of 22.2% during the forecast period.

Security and compliance are some of the major factors that may restrain the growth of the Cloud Microservices Market. Driving Factors Such as proliferation of the microservices architecture, customer-oriented business and digital transformations are expected to drive the growth of Global Cloud Microservices Market during the forecast period. Global Cloud Microservices Market is segmented by Component, Deployment Mode, Organisation Size, Industry Vertical and Region.

Services segment accounted for major share in Global Cloud Microservices Market.

Service segment is expected to reach at the highest CAGR during the forecast period, as these services enable service providers to offer continuous support and training session to users. Also, these services help to resolve business complexities.

Hybrid segment is expected to hold maximum market share during forecast period.

Hybrid deployment mode is expected to have large market size during the forecast period, as it offers more control, reduced risk, cost efficiency, and better performance.

North America accounted for a major share in terms of revenue during forecast period.

APAC is expected to have highest CAGR during the forecast period but North America is expected to hold largest market share during the forecast period. North America has the presence of developed economies, the US and Canada, and their focus on innovations obtained from R&D and technology.

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Global Cloud Microservices Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the Global Cloud Microservices Market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Cloud Microservices Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Cloud Microservices Market  positioning of competitors.

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