Microservices Architecture Market to Get an Explosive Growth in Near Future: Forecast to Grow at a CAGR of 18.66% During 2023-2030

Global Microservices Architecture Market Size study & Forecast, by Component By Deployment Type By Organization Size By Industry Vertical and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Microservices Architecture market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Microservices Architecture market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation

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Global Microservices Architecture Market is valued approximately USD 5.49 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.66% over the forecast period 2023-2030. Microservices architecture is an architectural style for building applications as a collection of small, loosely coupled, and independently deployable services. In this architecture, an application is divided into multiple smaller services, each responsible for a specific business capability. The Microservices Architecture market is expanding because of factors such as increasing adoption of enterprise cloud and growing adoption of IoT connected devices. Services in a microservices architecture communicate with each other through well-defined APIs, typically using lightweight protocols like REST or messaging systems. This loose coupling allows services to evolve independently, enabling flexibility and easy replacement or addition of services. Its emergence has progressively increased during the last few decades.

According to the Statista, in 2022, 80% of enterprise respondents had implemented a hybrid cloud in their organisation. The transition to hybrid cloud solutions is typically done at the price of managing separate private and public clouds. Furthermore, in 2021, 30% of respondents employed multiple public clouds and one private cloud in their business. Overall, multi cloud and hybrid cloud architectures, which incorporate different clouds in one architecture model, are the leading architectures for cloud service delivery. Another important component driving space increase adoption of IoT connected devices. As per Statista, the number of Internet of Things (IoT) connected devices is estimated to reach approx. 17 billion connected devices by 2030. In addition, about 8.6 billion linked devices by 2030, the number of Internet of Things (IoT) connected devices in Greater China is expected to be the highest in the region. Europe and North America are also likely to lead in terms of the number of IoT devices. Also, growing adoption of virtualized infrastructure and rising adoption of the Internet of Things would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of microservices architecture stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Microservices Architecture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players in the region. According to the Statista, the Infrastructure as a Service segment is estimated to reach USD 69.46 billion in 2023. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising number of enterprises and increasing government initiatives for digitalization in the market space.

Major market players included in this report are:

  • CA Technologies
  • IBM corporation,
  • Microsoft corporation,
  • Oracle Corporation,
  • Tata Consultancy Services Limited,
  • Cognizant,
  • Infosys Limited,
  • Datawire,
  • Software AG,
  • Salesforce, Inc

Recent Developments in the Market:

In June 2022, Salesforce is now connecting heterogeneous data sets using robotic process automation with no-code technology built by its MuleSoft unit. Bots built with an RPA-infused integration platform can now automate much of the effort required to connect data from disparate systems.

Global Microservices Architecture Market Report Scope:

Historical Data: 2020 – 2021

Base Year for Estimation: 2022

Forecast period: 2023-2030

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Component, Deployment Type, Organization Size, Industry Vertical, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

  • Solution
  • Service

By Deployment Type

  • On-premise
  • Cloud

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

By Industry Vertical

  • BFSI
  • Manufacturing
  • Retail & E-commerce
  • IT & Telecom
  • Others

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  • Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
  • Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.

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 - When putting together the study, we consult both primary and secondary data. 

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Key Points Covered in Microservices Architecture Market Report:

Table of Contents

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)

1.2.1. Microservices Architecture Market, by Region, 2020-2030 (USD Billion)

1.2.2. Microservices Architecture Market, by Component, 2020-2030 (USD Billion)

1.2.3. Microservices Architecture Market, by Deployment Type, 2020-2030 (USD Billion)

1.2.4. Microservices Architecture Market, by Organization Size, 2020-2030 (USD Billion)

1.2.5. Microservices Architecture Market, by Industry Vertical, 2020-2030 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Microservices Architecture Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Industry Evolution

2.2.2. Scope of the Study

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Microservices Architecture Market Dynamics

3.1. Microservices Architecture Market Impact Analysis (2020-2030)

3.1.1. Market Drivers

3.1.1.1. Increasing adoption of enterprise cloud

3.1.1.2. Growing adoption of IoT connected devices

3.1.2. Market Challenges

3.1.2.1. High Cost of Microservices Architecture

3.1.3. Market Opportunities

3.1.3.1. Growing adoption of virtualized infrastructure

3.1.3.2. Rising adoption of the Internet of Things (IoT)

Chapter 4. Global Microservices Architecture Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.2. Porter’s 5 Force Impact Analysis

4.3. PEST Analysis

4.3.1. Political

4.3.2. Economical

4.3.3. Social

4.3.4. Technological

4.3.5. Environmental

4.3.6. Legal

4.4. Top investment opportunity

4.5. Top winning strategies

4.6. COVID-19 Impact Analysis

4.7. Disruptive Trends

4.8. Industry Expert Perspective

4.9. Analyst Recommendation & Conclusion

……..and view more in complete table of Contents

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