The North America Cloud Native Applications Market should witness market growth of 21.5% CAGR during the forecast period (2022-2028).
One of the main factors propelling market revenue growth is the rising demand for applications that enable simple scale-out and hardware decoupling. Also, the market's revenue is growing due to the rising need for architectural approaches like microservices and others. Microservices is an architecture approach to developing applications comprising several small services that each implement business functionality.
Each service operates independently and communicates with other services through messaging, HTTP, APIs, or other messaging protocols. Each microservice can be independently deployed, scaled, upgraded, and restarted from other services within the same application, usually as part of an automated system. This enables frequent upgrades to live applications with the least disruption to users.
Rising end-use industry awareness of the various advantages of cloud native applications is another important factor fueling market revenue growth. Together with other benefits, it enables teams to concentrate on resilience, achieves better flexibility, and ties operations to corporate objectives. Also, the divergence between cloud native applications and traditional corporate applications is widening, and expenditures in cloud native development initiatives are fueling this trend.
North American businesses have taken numerous steps toward cloud adoption to maintain operational functionality and business continuity. They are embracing cloud data protection methods such as data encryption, data threat protection, data integrity monitoring, and CSPM. There are numerous examples of successful private, public, and hybrid cloud installations in the United States, and cloud computing has become a viable IT architecture for numerous federal government enterprises. As a result, government institutions are reconsidering their economic strategies to provide better services to the public. This agreement promotes service administration, innovation, and cutting-edge technologies. These elements are estimated to support the regional market expansion.
The US market dominated the North America Cloud Native Applications Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,184.2 million by 2028. The Canada market is poised to grow at a CAGR of 23.8% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 23.5% during (2022-2028).
Based on Component, the market is segmented into Platform and Services. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Public Sector, Manufacturing, Healthcare & Lifesciences, Retail & eCommerce and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Infosys Limited, VMware, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, Citrix Systems, Inc. (Cloud Software Group, Inc.), and Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
One of the main factors propelling market revenue growth is the rising demand for applications that enable simple scale-out and hardware decoupling. Also, the market's revenue is growing due to the rising need for architectural approaches like microservices and others. Microservices is an architecture approach to developing applications comprising several small services that each implement business functionality.
Each service operates independently and communicates with other services through messaging, HTTP, APIs, or other messaging protocols. Each microservice can be independently deployed, scaled, upgraded, and restarted from other services within the same application, usually as part of an automated system. This enables frequent upgrades to live applications with the least disruption to users.
Rising end-use industry awareness of the various advantages of cloud native applications is another important factor fueling market revenue growth. Together with other benefits, it enables teams to concentrate on resilience, achieves better flexibility, and ties operations to corporate objectives. Also, the divergence between cloud native applications and traditional corporate applications is widening, and expenditures in cloud native development initiatives are fueling this trend.
North American businesses have taken numerous steps toward cloud adoption to maintain operational functionality and business continuity. They are embracing cloud data protection methods such as data encryption, data threat protection, data integrity monitoring, and CSPM. There are numerous examples of successful private, public, and hybrid cloud installations in the United States, and cloud computing has become a viable IT architecture for numerous federal government enterprises. As a result, government institutions are reconsidering their economic strategies to provide better services to the public. This agreement promotes service administration, innovation, and cutting-edge technologies. These elements are estimated to support the regional market expansion.
The US market dominated the North America Cloud Native Applications Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,184.2 million by 2028. The Canada market is poised to grow at a CAGR of 23.8% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 23.5% during (2022-2028).
Based on Component, the market is segmented into Platform and Services. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Public Sector, Manufacturing, Healthcare & Lifesciences, Retail & eCommerce and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Infosys Limited, VMware, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, Citrix Systems, Inc. (Cloud Software Group, Inc.), and Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Scope of the Study
By Component
- Platform
- Services
By Deployment Mode
- Public Cloud
- Private Cloud
By Organization Size
- Large Enterprises
- SMEs
By Vertical
- BFSI
- IT & Telecom
- Government & Public Sector
- Manufacturing
- Healthcare & Lifesciences
- Retail & eCommerce
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon.com, Inc.
- Google LLC (Alphabet, Inc.)
- IBM Corporation
- Infosys Limited
- VMware, Inc.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Citrix Systems, Inc. (Cloud Software Group, Inc.)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Cloud Native Applications Market by Component
Chapter 5. North America Cloud Native Applications Market by Deployment Mode
Chapter 6. North America Cloud Native Applications Market by Organization Size
Chapter 7. North America Cloud Native Applications Market by Vertical
Chapter 8. North America Cloud Native Applications Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Amazon.com, Inc.
- Google LLC (Alphabet, Inc.)
- IBM Corporation
- Infosys Limited
- VMware, Inc.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Citrix Systems, Inc. (Cloud Software Group, Inc.)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Methodology
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About the Cloud Native Market
Cloud Native is a term used to describe a set of technologies and practices that enable the development, deployment, and management of applications in the cloud. It is a subset of cloud computing and storage, and is focused on the use of containers, microservices, and other cloud-native technologies to build and deploy applications. Cloud Native technologies are designed to be highly scalable, resilient, and secure, and to enable rapid development and deployment of applications. Cloud Native is Read more
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