Microservices Architecture Market size was valued at US$ 4131.96 Mn. in 2022 and the total revenue is expected to grow at 18.82% through 2023 to 2029, reaching nearly US$ 13816.03 Mn.
Microservices Architecture Market Overview:
The purpose of this report is to provide a thorough examination of the Microservices Architecture Market by segments and geographics. The study goes into great detail on the primary factors influencing the Microservices Architecture market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
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Microservices Architecture Market Scope:
The “Global Microservices Architecture Market Analysis” is a detailed investigation of the Microservices Architecture market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Microservices Architecture market as well as detailed market segmentation by application, end-use, and geography. The Microservices Architecture market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Microservices Architecture players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Microservices Architecture market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Microservices Architecture market was calculated using the revenue of significant enterprises.
Microservices Architecture Market Segmentation:
by Component
Solution
Services
The worldwide Microservices Architecture market is further divided into Solution and Services based on Component. In 2022, the Solution category accounted for the biggest market share of%. The expansion of this market can be ascribed to the increasing adoption of microservices architecture by enterprises. Businesses are putting greater emphasis on streamlining application development processes as a result of modern technology and trends from the digital revolution. To increase business process agility and shorten time to market, businesses choose to employ microservices-based solutions.
by Organization Size
Large Enterprises
Small & Medium Enterprises
by Deployment Mode
On-premise
Cloud
by Industry Vertical
BFSI
Manufacturing
Retail & E-commerce
IT & Telecom
Healthcare
Government
Others
The global market for microservices architecture is divided into BFSI, Manufacturing, Retail & E-commerce, IT & Telecom, Healthcare, Government, and Others based on the industry vertical. In 2022, the Manufacturing sector accounted for the biggest market share of%. Microservice cloud use is rising in the industrial sector as intelligent technology develops and the conventional automation pyramid falls apart. Additionally, manufacturing IT is transitioning to a service-based and app-based strategy. Microsoft is a prominent supplier of crucial technologies to the industrial sector. Manufacturers receive a digital copy of their OPC (Open Platform Communication) UA machine, and security and certification management are much enhanced.
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Microservices Architecture Market Key Players:
The major players covered in the Microservices Architecture market report are
1. Amazon Web Services Inc.
2. Microsoft Corporation
3. IBM Corporation
4. Salesforce.com Inc.
5. Tata Consultancy Services Limited
6. Broadcom Inc. (CA Technologies)
7. VMware Inc. (Pivotal Software Inc.)
8. Infosys Ltd
9. Oracle Corporation
10.NGINX Inc.
11.Syntel Inc.
12.Idexcel Inc.
13.RapidValue IT Services Private Limited
14.Software AG
15.F5, Inc. (NGINX)
16.Datawire
17.Atlassian
18.MuleSoft Inc.
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Microservices Architecture Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Microservices Architecture Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Microservices Architecture market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Microservices Architecture industry,
Key Questions Answered in the Microservices Architecture Market Report are:
- Which segment grabbed the largest share in the Microservices Architecture market?
- What was the competitive scenario of the Microservices Architecture market in 2021?
- Which are the key factors responsible for the Microservices Architecture market growth?
- Which region held the maximum share in the Microservices Architecture market in 2021?
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