Cloud Microservices Market
Which drivers are expected to have the greatest impact on the over the cloud microservices market’s growth?
Cloud microservices market’s expansion is said to be stimulated by the burgeoning retail and e-commerce industries. Retail encompasses both online and in-store direct sales to customers, while e-commerce pertains specifically to the digital marketplace. The increase in internet access, shifts in consumer paradigms, and efficiency of e-shopping contribute to this trend. The retail and e-commerce industries extensively use cloud microservices to create apps that can effortlessly handle the intricacies of today’s digital commerce. For example, the United States Census Bureau, an American government agency, reported a rise in e-commerce from 6.9% in 2022 to 7.6% in 2023. In addition, the National Retail Federation, a leading retail trade body in the US, reported a retail sales increase of 7%, valued at $4.94 trillion in 2022, a significant move from $4.61 trillion in 2021. Hence, the escalating retail and e-commerce sectors are fueling the growth of the cloud microservices market.
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What is the future CAGR of the cloud microservices market, and how will it impact industry expansion?
The market size of cloud microservices has seen an exponential increase in recent years. It is predicted to expand from its worth of $1.88 billion in 2024 to $2.27 billion in 2025, reflecting a yearly compounded expansion rate of 20.7%. Factors such as agility and quicker time to market, versatility and modularity, durability and fault tolerance, data safety and regulatory compliance, edge computing and IoT have contributed to the significant growth observed in the historical period.
Anticipated to experience significant expansion in the coming years, the cloud microservices market is projected to reach a value of $4.83 billion by 2029, with a compound annual growth rate (CAGR) of 20.8%. The projected growth within this period is largely due to the rising demand for hybrid and multi-cloud, the proliferation of edge computing, enhanced security protocols, incorporation with serverless computing, and increased emphasis on observability and monitoring. During the forecast timeline, the key trends to watch include integration with AI/ml services, serverless microservices, event-driven structures, improvements in microservices security, and the automation of ci/cd pipelines.
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What new trends are reshaping the cloud microservices market and its opportunities?
Key players in the cloud microservices market are focusing on creating innovative products like the microservices engine to offer a holistic approach to cloud microservices. This open-source platform is highly reliable, equipped to aid in the development of microservices, and is suitable for an array of business scenarios including microservice registration, discovery, and distributed scheduling, as well as integration with other cloud services. Alibaba Cloud, a software company based in China, introduced the Microservices Engine (MSE) in March 2022, offering an inclusive, open-source platform for developing microservices. Its features entail a fully managed center for registration and configuration, cloud-native gateways, and the ability to govern microservices. This platform also aims to improve the open-source microservices ecosystem and enhance performance, convenience, and observability while offering a cohesive, efficient, and secure platform for cloud-based operations and maintenance. It is built to be highly reliable and cater to a wide range of business needs while providing benefits such as improved open-source capabilities, fully managed services, and fulfilling diverse authentication needs.
Which key market segments comprise the cloud microservices market and drive its revenue growth?
The cloud microservices market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment: Public, Hybrid, Private
3) By Organization Size: Small And Medium Enterprises (Smes), Large Enterprises
4) By End-User Industry: Banking, Financial Services And Insurance, Retail, E-Commerce, Manufacturing, Telecommunication, Information Technology And Information Technology Enabled Services, Healthcare, Others End-Users
Subsegments:
1) By Platform: Microservices Development Platforms, Container Orchestration Platforms, API Gateway Platforms, Service Mesh Solutions
2) By Services: Microservices Consulting Services, Development And Integration Services, Monitoring And Management Services, Training And Support Services, Security Services For Microservices
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What regions are at the forefront of cloud microservices market expansion?
North America was the largest region in the cloud microservices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud microservices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cloud microservices market?
Major companies operating in the cloud microservices market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce.com Inc., Infosys Limited, Alibaba Cloud, Atos SE, Rackspace Hosting Inc., Marlabs Inc., Contino Holdings Limited, Optisol Business solution, Idexcel Inc., OpenLegacy Ltd., NGINX Inc., SmartBear Software Inc., Macaw Software Inc., RapidValue Solutions Inc., Pivotal Software Inc.
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What Is Covered In The Cloud Microservices Global Market Report?
• Market Size Forecast: Examine the cloud microservices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud microservices market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud microservices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud microservices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud microservices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud microservices market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud microservices market.
• Competitive Landscape: Review strategic developments in the cloud microservices market, including expansions, agreements, and new product launches.
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