Cloud Microservices Market, Several Upcoming Update Industry Research And Industry Revenue Future Opportunities Recorded for the Period By 2027 (Trending Report)
Market Analysis
The
data analysts at Market Research Future Reports (MRFR) have conducted a
thorough analysis of the global cloud microservices market is estimated to
value USD 2,146.7 million, thriving at a CAGR of 25% during the assessment
period. The growing number of microservices architecture is anticipated to
affect the global cloud microservices market 2020. Besides, the increasing
demand for secured IT operations and cheap cost methods have further led to
market expansion. Furthermore, the inclination of enterprises towards the
private cloud for data security is projected to play an important part in
market expansion. Also, the growing need to minimize the on-premise IT
deployment cost is another pivotal factor leading to the growth of the market.
However, insufficient technical expertise and the expenses related in the
initial stage are anticipated to refrain the market from expanding.
However,
the outbreak of COVID-19 has resulted in a pause in the daily operational
activities of the global cloud microservices market. The offices have been
temporarily shut to contain the spread of coronavirus. Thorough research is
being carried out on the impact of coronavirus on the worldwide market. We will
provide an impact analysis report on COVID-19.
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Market Segmentation
The
worldwide cloud microservices market can be distinguished on the basis of
organization size, component, deployment, verticals, and geography.
On
the basis of organization size, the worldwide cloud microservices market can be
distinguished into large enterprise and small and medium-sized enterprises.
On
the basis of component, the global cloud microservices market can be
distinguished into platform and services.
On
the basis of deployment, the worldwide cloud microservices market can be
distinguished into the public cloud, private cloud, and hybrid cloud.
On
the basis of verticals, the worldwide cloud microservices market can be
distinguished into healthcare, retail and e-commerce, media &
entertainment, IT & telecommunication, BFSI, government, transportation and
logistics, and manufacturing.
On
the basis of geography, the worldwide cloud microservices market can be
distinguished into North America, Europe, Asia-Pacific, and Rest of the World
(RoW).
Regional Analysis
The
global market is estimated to expand significantly during the assessment
period. Thorough research of North America, Europe, Asia-Pacific, and Rest of
the World (RoW) has been performed. As per the study, North America is
estimated to dominate the global market. It is one of the most lucrative
markets, and besides, it is also one of the early adopters of microservices architecture.
Several sectors are relying on technology and are actively adopting cloud
microservices. Europe attains the second position. Europe is a potential market
and generates a significant amount of revenue during the assessment period. The
most significant factor resulting in the market expansion is the presence and
participation of the developed economies such as the UK, and Germany. On the
other side, the APAC region is anticipated to be the fastest-growing region.
The most pivotal factor leading to market expansion is the deployment of
several organization in the APAC region due to the cheap cost in providing
services to customers.
However,
the market dynamics are estimated to be affected significantly due to the
outbreak of COVID-19. Several regions have been affected due to the observation
of lockdown.
Key Players
The
established players of the global cloud microservices market are Software AG
(Germany), CA Technologies, Amazon Web Services (US), IBM Corporation (US),
Salesforce.com Inc (US), Microsoft Corporation (US), Infosys Limited (India),
Syntel (US), Oracle Corporation (US), SmartBear Software (US). The other
players contribute 30-35% in the cloud microservices market. Some of them are
CoScale (Belgium), Contino (UK), Idexcel (US), Macaw (US), Kontena (Finland),
Marlabs (US).
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions &
Limitations
2.3 Market Structure
Continued…
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