Microservices Architecture Market, By Deployment (Cloud, On-Premise), By Service (Inventory Microservice, Accounting Microservice), By Vertical (Energy & Utilities, IT & Telecommunication, BFSI)
Microservices Architecture Market Key Players:
(US), Microsoft Corporation (US), Datawire (US), Infosys Limited (India), Mulesoft (US), Software AG (Germany), Cognizant (US) , Nginx Inc. (US), Salesforce.Com, Inc. (US) among others.
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Button the market data and market information presented by more than 34 market data tables and figures spread over 100. TOC & market synopsis on “ Microservices Market Research Report-Global Forecast 2023 „
Study Objectives of Microservices Architecture Market:
- To provide detailed analysis of the market structure along with the various segments and sub-segments of the microservices architecture market.
- To insights insights about factors affecting the market growth.
- To analyze the microservices architecture market based porter’s five force analysis etc.
- To provide you with the most up-to-date information on the global market and the world’s largest and most important market in North America, Europe, Asia, and Rest of the World (ROW).
- To provide the country with a view to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of deployment, service and vertical.
- To be able to be a part of the market,
- To track and analyze competitive developments, as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the microservices architecture market.
Market Synopsis of Microservices Architecture Market:
Market Scenario:
Microservice architecture is defined as a method for the development of the application. Each module supports a specific business goal and uses simple language with a well-defined interface to communicate with other services.
Microservice architecture is in the future. (SaaS) and platform as a service (PaaS) is driving the market.Categorization of connected devices such as smartphones, tablets, drones, wearable, smart home appliances and fitness tracker is driving the microservices architecture Market.The key trends that is majorly effective in the market include loose, deployment and domain driven design. As microservices operates on simple and small services, there is an increase in demand for cloud solutions and is one of the most important factors driving the market.
The advantage of the microservices architecture includes an improvement in fault isolation system, an easy platform for new developers and helps to eradicate long term commitment on single technology. The adoption of microservice architecture has helped many big enterprises.
By deployment segment, the microservices architecture market includes cloud based and on-premise. The adoption of cloud-based microservices is driving the market. Cloud based microservices architecture provides scalability, cost efficiency and 24×7 availability. To enable organization with healthy microservices, cloud-based platform automatically, the software or hardware on which they are running fails.
The microservices architecture market is expected to grow at approx. USD 33 Billion by 2023, at 17% of CAGR between 2017 and 2023.
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Segments:
Microservices Architecture Market for segment on the basis of by deployment, by type and by Vertical.
Microservices Architecture Market by Deployment:
Cloud based
On-Premise
Microservices Architecture Market by Service:
Inventory Microservice
Accounting Microservice
Shipping Microservice
Store Microservice
Microservices Architecture Market by Vertical:
- Healthcare
- BFSI
- Government
- IT & Telecommunication
- Manufacturing
- Retail
- Energy & Utilities
- Media & Entertainment
- Others
Microservices Architecture Market Regional Analysis:
The regional analysis of microservice architecture market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for higher market share. North America region possess highest market share due to major microservice architecture players present in the region. Asia-Pacific is expected to be fastest growing market as large number of organizations are adopting microservices architecture to meet needs of modern application development.
Microservices Architecture Market Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
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