Market Research Future published a half-cooked research report on "Global Microservice Architecture Market Research Report - Forecast to 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), and Salesforce.Com, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Microservice Architecture Market.
Microservice Architecture Market – Overview
The Global Market of Microservice Architecture is growing rapidly mainly due to the Cloud based solutions (SaaS). According to a recent study report published by the Market Research Future, the global market of Microservice Architecture is booming and expected to gain prominence over the forecast period. The global Microservice Architecture Market is anticipated to accrete to USD 33 Billion by 2023, at a striking double digit CAGR of 17 % between 2017-2023.
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Microservice Architecture is increasingly adopted by organization as an inbuilt mechanism for developing enterprise application. Cloud based solutions such as software as a service (SaaS) and platform as a service (PaaS) are driving the market. Categorization of connected device such as smartphones, tablets, drones, wearable, smart home appliances and fitness tracker is driving the microservices architecture market. The key trends that is majorly effecting the market include loose coupling, deployment and domain driven design. As microservices operates on simple and smaller services, there is an increase demand for cloud solution and is one of the important factor driving the market.
The advantage of microservices architecture includes improvement in fault isolation system, provide easy platform for new developer and helps to eradicate long term commitment on single technology. The adoption of Microservice Architecture has assist many big enterprises to begin their transitions as compared to monolithic design structure.
The adoption of cloud based microservices architecture is driving the market. Cloud based microservices architecture provides scalability, cost efficiency and 24x7 availability. To enable organization with healthy microservices, cloud based platform automatically shift the instances to servers or vendor management system when the software or hardware on which they are running fails.
Microservices Architecture Market Segmentation
the Microservices architecture market is segmented by deployment, service, and vertical.
Based on Deployment
- On-premise
- Cloud-based
Based on Services
- Inventory microservice
- Accounting microservice
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Based on Vertical
- Energy
- Utilities
- BFSI
- IT
- Telecommunication
Microservices Architecture Market Regional AnalysisThe microservices architecture market is divided into North America, Asia Pacific, Europe, and other parts. The developed economics in the US and Canada and the presence of several key players in the region drive the growth of North America. Increasing demand for the microservices architecture in telecom companies and developing data centres in the Asia Pacific region contribute to the market growth. The region will showcase a significant growth rate in the forecast period. Each region is growing significantly and will contribute to the growth of the market.
Key Points Covered in the Report:
- The Microservices Architecture research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
Continued…
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