Worldwide Market Reports

Cloud Microservices Market Examination and Industry Growth Till 2025 Which Is Going to Change Industry Future

Cloud Microservices Market Overall Study Report 2019-2025 With Top Players and Their Future Strategies

 

Seattle, WA -- (SBWIRE) -- 10/29/2019 -- The cloud microservices is an independent application, which is a distinctive method of developing software systems that try to focus on building single-function modules through the cloud. Microservices architecture and digital transformation are driving the market and businesses across the industries, i.e., from telecommunications and retail to financial services and manufacturing. IT teams are choosing cloud microservices, to develop new applications and break down monoliths.

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Key Market Trend:

Manufacturing Sector is Expected to Register a Significant Growth

- Due to the advancement in intelligent technology, the demand for microservice cloud is increasing in the manufacturing sector, as the traditional automation pyramid is dissolving. Moreover, manufacturing IT is moving toward service orientation and app-orientation.
- AWS (Amazon Web Services) pay-as-you-go microservices and serverless computing models reduce the cost of running the connected manufacturing plant or smart product programs, with minimum upfront investment and nearly unlimited on-demand capacity.

Market Drivers and Restraints:

- Digital transformations.
- Increasing proliferation of microservices architecture.
- Customer-oriented business.
- Security and compliance.

Market Segmentation: Global Cloud Microservices Market

The global cloud microservices market is based on component, organization size, deployment mode, vertical and geographical segments.

Based on component, the global cloud microservices market is segmented into platform and services. Service is sub segmented into consulting services, integration services, training, support, and maintenance services.

Based on organization size, the global cloud microservices market is segmented into large enterprises and small and medium-sized enterprises.

Based on Deployment Mode, the global cloud microservices market is segmented into public cloud, private cloud and hybrid cloud.

Based on vertical, the global cloud microservices market is segmented into retail and ecommerce, healthcare, media and entertainment, banking, financial services, and insurance, IT AND ITes, government, transportation and logistics, manufacturing, telecommunication and others).

Key Players:

AWS, CA Technologies, IBM, Microsoft, Salesforce, Infosys, NGINX, Oracle, Pivotal Software, Syntel, SmartBear Software, Marlabs

Regional Analysis:

Regions are divided into North America, Asia Pacific (APAC), Europe, Middle East, and Latin America. Among these, APAC is expected to have the highest CAGR during the forecast period but North America is expected to hold the largest market share during the forecast period. North America has the presence of developed economies, the US and Canada, and their focus on innovations obtained from R&D and technology. North America is considered the most advanced region in terms of technology adoption.

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