Global Cloud Microservices Market - Comprehensive Coverage of Underlying

Posted by nileshdbmr on January 23rd, 2020

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. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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.

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Key Players: Global Cloud Microservices Market

The renowned players in cloud microservices market are Amazon Web Services, Inc., CA Technologies., IBM, Microsoft, Infosys Limited, NGINX Inc., Oracle, Pivotal Software, Inc., Syntel, Inc., Gurock, Marlabs Inc., RapidValue Solutions, Kontena, Inc., Macaw Software Inc.,  UNIFYED.,  Idexcel, Inc. and among others.

Market Segmentation: Global Cloud Microservices Market

The global cloud microservices market is based on component, organization size, deployment mode, vertical and geographical segments.

  • Based on component, the global cloud microservices market is segmented into platform and services. Service is sub segmented into consulting services, integration services, training, support, and maintenance services.
  • Based on organization size, the global cloud microservices market is segmented into large enterprises and small and medium-sized enterprises.
  • Based on Deployment Mode, the global cloud microservices market is segmented into public cloud, private cloud and hybrid cloud.
  • Based on vertical, the global cloud microservices market is segmented into retail and ecommerce, healthcare, media and entertainment, banking, financial services, and insurance, IT AND ITes, government, transportation and logistics, manufacturing, telecommunication and others).
  • Based on geography, the cloud microservices market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and 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.   

Market Drivers and Restraints:

  • Digital transformations.
  • Increasing proliferation of microservices architecture.
  • Customer-oriented business.
  • Security and compliance.

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