Scope of the Micro-Services Architecture Market
Future Market Research (MRFR) argues that market size microservices architecture is required to develop approximately. $ 21.67 billion by 2030, At 18.6% of the amount In the range between 2020 and 2030 and 2030. The microservices global architecture market report examines comprehensive research on various sectors like opportunities, size, share, CAGR, SWOT analysis, expert review, development, innovation, sales and overall growth of key players.
Major Accelerators and Key Challenges
Microservice architecture enhances development as well as deployment of a set of features or an application made up of modular, autonomous, standalone, and standalone units. Each unit is owned by a team tasked with improving it. With the help of micro-services, these teams are able to quickly submit the advanced features or applications of the forms, without interruption in the rest of the solutions. At the tip of the fork, microservices architecture helps prevent complexity and allows small, agile teams to develop services.
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The increasing use of connected devices like smartphones, wearables, tablets, smart home appliances, fitness trackers and skimmers is believed to be one of the major growth accelerators in the microservices architecture market. This may be due to the fact that today’s business customers demand faster feature updates in software applications. This architecture is extremely fast and responds to any type of demand in the market, as it holds the potential for construction, scale, development and deployment of individual services within the cycle. Modern technologies like Virtualization and Internet of Things (IoT) offer a host of growth opportunities to the market.
Some of the leading trends that positively impact the micro-services architecture market include deployment, loose coupling, as well as domain-oriented design. Because micro-services operate on smaller, simpler services, the demand for cloud solutions has risen significantly, leading to a lucrative market landscape as well.
Market segmentation
The microservices architecture industry was extensively covered in the report, taking into account the major segments of layout, type and vertical.
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The layouts are cloud based as well as local. Cloud-based micro-services architecture has gained high momentum in the market due to their high scalability, 24 × 7 availability and cost efficiency.
The types of micro-services architecture described in the report include micro-inventory service, micro-accounting service, micro-delivery service, in-store micro-service and more.
The verticals where the use of microservices architecture rises include energy and services, BFSI, government, healthcare, retail, IT & telecommunications, media & entertainment, manufacturing, and more.
Regional insight
Asia Pacific or APAC, North America, Europe and the rest of the world (RoW) are the major markets for micro-services architecture, according to the report.
MRFR identifies North America as the most profitable market for micro-services architecture, citing the main reasons for being the high concentration of reputable companies like IBM, Microsoft and more. A huge number of these vendors are mainly focused on improving their product offering, by adopting effective strategies like partnerships and mergers, among others. Prominent escalation in the use of connected devices combined with widespread adoption of cloud-based solutions are some of the other factors that are causing growth in the regional market.
With the fastest growth in the global market, APAC rides high on the back of the extensive deployment of microservices architecture across organizations striving to improve operational efficiency, reduce overall cost and also achieve higher business agility. Apart from this, the increasing adoption rate of virtual infrastructure can serve as an attractive opportunity for the regional industry in the coming years. The increasing use of the Internet of Things or IoT has led to a higher deployment of connected devices in different organizations, which can translate into better growth prospects for the microservices architecture in the region.
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Leading companies
Leading companies competing in the micro-services architecture market include Salesforce.Com, Inc. (USA), Infosys Limited (India), Nginx Inc. (USA), Cognizant (USA), Molsoft (USA), International Business Machinery Corporation (USA), Datawire (USA) ), Microsoft Corporation (USA), Software AG (Germany), to name a few.
The reasons for purchasing this report:
- It provides a forward-looking perspective on various factors that drive or curb market growth.
- It provides an estimated five-year forecast based on how the market is expected to grow.
- It helps in understanding the main product segments and their future.
- It provides a spot analysis of the changing competition dynamics and keeps you ahead of the competition.
Table of Contents
1 Introduction to the market
1.1 Introduction
1.2 Scope of research
1.2.1 Purpose of the study
1.2.2 Discounts
1.2.3 Limitations
1.3 Market structure
2 Research methodology
Continued…
3 Market Dynamics
Continued…
Executive Summary
- Market factor analysis
Continued…
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