According to Market Research Future, the global cloud
microservices market is segmented into solution, service, deployment,
verticals, and region.
Cloud microservices are different layers of
microservices architecture that provide a benefit of combining the individual
services in a single application. Microservices software architecture
developers have the freedom to use the new and legacy applications. The
different platforms make it easier to increase the business efficiency and
reduce the operational cost.
By component, the market is segmented into platform,
and services. Services is further segmented into consulting service,
integration services, and maintenance & support services. By organization
size, the market is segmented into large enterprise and small and medium sized
enterprises. Among these small and medium enterprises are expected to dominate
the market of cloud microservices as these enterprises have minimal budget than
large enterprises. They try to minimize the operational, and IT asset cost by
deploying their business process on the cloud and bifurcating those services
into microservices.
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By deployment, the market is segmented into public
cloud, private cloud, and hybrid cloud. Private cloud offers scalability and
user self – service benefits as of public clouds. It also provides a provision
to arrange virtual machines on demand. However, the market of hybrid cloud is
expected to grow at a fast pace during forecast period. By vertical, the market
is segmented into retail and e-commerce, healthcare, media & entertainment,
BFSI, IT & telecommunication, government, transportation and logistics, and
manufacturing. Among these verticals, the BFSI is experiencing a greater demand
for cloud microservices market. As the verticals is experiencing a larger
customer base, and internet usage, enterprises are feeling the need for
dissecting the process into microservices. Moreover, the pay-as-you-go pricing
and deployment model in private cloud are expected to fuel the growth of the
market.
By region, the cloud microservices market is segmented
into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the cloud microservices market are
identified across all the major regions based on their country of origin,
presence across different regions, recent key developments, product
diversification, and industry expertise. Some of them are— Amazon Web Services
(US), CA Technologies, IBM Corporation (US), Microsoft Corporation (US),
Salesforce.com Inc (US), Infosys Limited (India), Oracle Corporation (US),
Syntel (US), SmartBear Software (US), and Software AG (Germany). These players
contribute a major proportion towards market growth.
Apart from the top key players, the other players
contribute nearly 30–35 % in the cloud microservices market. These include
Contino (UK), CoScale (Belgium), Idexcel (US), Kontena (Finland), Macaw (US),
Marlabs (US), Netifi (US), NGINX (US), OpenLegacy (US), Pivotal Software (US),
RapidValue Solutions (US), RoboMQ (US), TCS (India), Unifyed (US), and Weaveworks
(UK) and others.
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Regional Analysis
The
market for cloud microservices is estimated to grow at a significant rate
during the forecast period from 2018 to 2023. The geographical analysis of
cloud microservices market is studied for North America, Europe, Asia-Pacific,
and the rest of the world (including the Middle East, Africa, and Latin
America).
Among the
regions mentioned above, North America is expected to be the leading region in
the cloud microservices market. This growth can be attributed owing to the
increasing demand of low-cost cloud infrastructure development and growing use
of software services among small and medium enterprises. Moreover, owing to the
presence of various major players operating in this market in the US and Canada
contribute to the growth of this market.
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