Global Cloud Microservices Market, By Components (Platform and Services), Services (Consulting services, Integration services, Training, support and maintained services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment mode (Public Cloud, Private Cloud and Hybrid Cloud), Industry (Retail and Ecommerce, Healthcare, Media and Entertainment, Banking, Financial Services, and Insurance, IT and ITes, Government, Transportation and Logistics, Manufacturing, Telecommunication and Others) - Industry Trends and Forecast to 2030..
Cloud Microservices Market Analysis and Size
A cloud microservices is referred to as a technique of software development and a collection of loosely attached services. The high demand for digital transformations and production of the microservices architecture is expected to influence the growth of cloud microservices market over the forecast period of 2023 to 2030. Also the high market growth for smart devices and wearable devices and high reliability of wireless technology over wired technology are also anticipated to flourish the growth of the global cloud microservices market.
Data Bridge Market Research analyses that the global cloud microservices market was 1,300 million in 2022, is is expected to reach 6,515.13 million in 2030, and is expected to undergo a CAGR of 22.32% during the forecast period of 2023 to 2030. “Platform” dominates the components segment of the global cloud microservices market due to technological advancements. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Cloud Microservices Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015-2020)
Revenue in USD Million, Volumes in Units, Pricing in USD
Components (Platform and Services), Services (Consulting services, Integration services, Training, support and maintained services), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Deployment mode (Public Cloud, Private Cloud and Hybrid Cloud), Industry (Retail and Ecommerce, Healthcare, Media and Entertainment, Banking, Financial Services, and Insurance, IT and ITes, Government, Transportation and Logistics, Manufacturing, Telecommunication and Others)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
Contino (U.K.), CoScale (Belgium), Idexcel (U.S.), Kontena (Finland), Macaw (U.S.), Marlabs (U.S.), Netifi (U.S.), NGINX (U.S.), OpenLegacy (U.S.), Pivotal Software (U.S.), RapidValue Solutions (U.S.)
Cloud microservices relate to technology that can help a healthcare provider diagnose, treat, and treat a variety of medical conditions with the use of medical devices. Several innovative technologies are making inroads into the medical device sector. Technological improvements in medical equipment, as well as the increased prevalence of chronic diseases such as CVD and cancer, are driving the worldwide medical device technology industry.
Global Cloud Microservices Market Dynamics
- Increase in Adoption of Cloud Microservices Platform in Retail and E-Commerce
With the spread of online marketplaces, merchants are embracing advanced technologies such as big data analytics, cloud computing, digital stores, and public media networks. E-commerce vendors or online retailers risk behind out on their consumers due to negative customer experience. Hence, there has been a great acceptance of cloud microservices platform in the retail vertical and e-commerce due to its numerous benefits, such as simple architecture, improved operational efficiency, faster time-to-market, enhanced customer experience, and easy deployment. The necessity to improve customer satisfaction, and sales, and the growing data generation are also driving enterprises in the e-commerce vertical and retail to accept cloud microservices. These factors are manipulating retailers to progress with efficient technologies, thus driving the implementation of cloud microservices to deliver enhanced client approval.
- Improving Organization Productivity and Speed
Cloud microservices architecture attacks the problem of speed and productivity by disintegrating applications into controllable services that are faster to progress. Cloud microservice is very convenient for moving up quality assurance subsequently each cloud microservice can be verified separately and test the mechanisms that have been established previously.
- Growing Acceptance of Cloud-Based Applications and the Internet of Things (IoT) applications
Cloud computing and IoT are two of the most disruptive technologies of the 21st century. Cloud computing provides a scalable and cost-effective way to host and manage applications, while IoT connects physical devices to the internet, enabling them to collect and exchange data. The combination of cloud computing and IoT is creating new opportunities for businesses and organizations.
- Lack of Skilled Professionals Hampers the Market Growth
The cloud microservices market is growing rapidly, but there is a shortage of skilled professionals to meet the demand. This is due to a number of factors, including the complexity of cloud microservices architecture, the need for a deep understanding of cloud computing and microservices, the rapidly changing landscape of cloud microservices technologies.
This global cloud microservices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cloud microservices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In November 2017, CA Technologies announced enhancements to CA's DevOps portfolio by introducing new releases in the Continuous Delivery portfolio and CA Digital Experience Monitoring. It would accelerate and automate development and release, improve testing, and provide unprecedented visibility into digital experiences
- In May 2017, IBM, Lyft, and Google announced the introduction of Istio, an open source technology that helps developers securely manage a network of microservices. Istio runs on Kubernetes
- In March 2016, Microsoft introduced Azure Service Fabric, a microservices platform for developing business applications on cloud
Global Cloud Microservices Market Scope
The global cloud microservices market is segmented on the basis of components, services, organization size, deployment mode and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Consulting services
- Integration services
- Training, support and maintained services
- Large Enterprises
- Small and Medium-Sized Enterprises
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Retail and Ecommerce
- Media and Entertainment
- Banking, Financial Services, and Insurance
- IT and ITes
- Transportation and Logistics
Global Cloud Microservices Market Region Analysis/Insights
The global cloud microservices market is analysed and market size insights and trends are provided by region, components, services, organization size, deployment mode and industry, as referenced above.
The countries covered in the global cloud microservices market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America dominates the global cloud microservices market because North America is home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in cloud microservices circuits.
Asia-Pacific is expected to be fastest-growing region in the global cloud microservices market due to the Asia-Pacific region has a large and rapidly growing population, along with a significant increase in internet usage and data consumption. This drives the demand for high-speed and efficient communication networks, which can benefit from the use of cloud microservices circuits. PICs are capable of integrating multiple optical components on a single chip, making them well-suited for high-speed data transmission and communication applications.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Cloud Microservices Market Share Analysis
The global cloud microservices market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global cloud microservices market.
Some of the major players operating in the global cloud microservices market are:
- Contino (U.K.)
- CoScale (Belgium)
- Idexcel (U.S.)
- Kontena (Finland)
- Macaw (U.S.)
- Marlabs (U.S.)
- Netifi (U.S.)
- NGINX (U.S.)
- OpenLegacy (U.S.)
- Pivotal Software (U.S.)
- RapidValue Solutions (U.S.)