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Microservices Architecture Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5782748
The microservices architecture market size has grown rapidly in recent years. It will grow from $5.34 billion in 2023 to $6.41 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth during the historical period can be attributed to the ascent of cloud computing, the momentum of digital transformation, a cultural shift embracing DevOps practices, the increasing demand for scalability, and the rising concerns regarding data security.

The microservices architecture market size is expected to see rapid growth in the next few years. It will grow to $13.14 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The anticipated growth in the forecast period is driven by several factors: the increasing adoption of serverless architecture, the integration of the Internet of Things (IoT), heightened security measures, a focus on sustainability, and the utilization of microservices architecture. Major trends expected during this period encompass AI-driven DevOps practices, the implementation of event-driven architecture, continuous integration methodologies, a shift towards micro frontends in development, and improved hybrid cloud management solutions.

The surge in connected devices is anticipated to drive the expansion of the microservices architecture market in the foreseeable future. Connected devices encompass physical objects linked wirelessly to a network, such as the internet, enabling data transmission and communication among themselves or with other systems. These devices span smartphones, laptops, smart vehicles, and more. Microservices architecture-based solutions integrated into connected devices aid in developing versatile software that facilitates seamless interaction among diverse devices, protocols, and applications. This enhances the devices' capability to exchange data across various computing environments. Furthermore, microservices architecture facilitates continuous upgrades, integration, and maintenance of IoT applications within connected devices. For instance, as reported by Uswitch in November 2023, 92% of mobile users in the UK utilize smartphones. Additionally, according to The Office of Communications in March 2022, 21% of internet users in the UK access the internet through smartphones. This widespread usage underscores the increasing reliance on connected devices. Consequently, the proliferation of connected devices acts as a catalyst driving the growth of the microservices architecture market.

The anticipated increase in cloud adoption is set to propel the microservices architecture market in the coming years. Cloud adoption involves the shift from traditional on-premises computing resources to utilizing cloud-based services by individuals, organizations, or businesses. Microservices architecture aligns seamlessly with cloud adoption, enabling the construction of scalable, adaptable, and robust applications that fully harness the advantages offered by cloud platforms. For example, as per Microsoft Corporation in October 2023, the revenue generated by Microsoft's cloud division surged to $31.8 billion, showcasing a significant growth of 24% compared to the previous year. Consequently, the rising trend of cloud adoption stands as a pivotal driver fueling the growth of the microservices architecture market.

In the microservices architecture market, technological advancement stands as a pivotal trend. Major companies within this sector are deeply involved in the development of innovative products, such as Infosys Cortex. This customer engagement platform, introduced by Infosys Limited in January 2021, harnesses artificial intelligence (AI) and analytics to revolutionize customer care operations. Infosys Cortex operates on managed AI and analytics services, facilitating smarter and faster decision-making processes. Its primary goal is to empower businesses to reimagine customer care by infusing intelligence into customer communications, thereby delivering enhanced value. Leveraging a modular, microservices-based architecture, this platform enables organizations to achieve remarkable milestones, such as a 30% improvement in customer satisfaction through intent prediction and self-service, along with a 40% optimization of operations through the utilization of the Google cloud-powered Infosys data and analytics platform. This exemplifies the transformative impact of Infosys Cortex within the microservices architecture market, promising enhanced efficiency and intelligence in customer-centric operations.

Major companies in the microservices architecture market are concentrating on partnerships to enhance their profitability within the industry. Partnerships in the realm of microservices architecture entail collaborative relationships among various entities, organizations, or teams engaged in designing, developing, deploying, and maintaining systems based on microservices. For instance, in October 2022, Agora Publishing Services Ireland (APSI), an Ireland-based media and business service provider, along with 14 West, a US-based business administrative service provider operating collectively as Westech, joined forces with Red Hat Inc., a US-based software company. This collaboration aims to establish a modern digital services framework rooted in microservices architecture utilizing Red Hat OpenShift. Westech achieved a significant transformation in its feature delivery timeline, reducing it from months to weeks through the adoption of DevOps and embracing continuous integration and continuous deployment (CI/CD) practices. The updated architecture allows for independent scaling and updates, mitigating service interference. Westech has expanded its support for dynamic promotional content within a standardized framework, enhancing understanding of customer needs and extending its reach to a broader audience.

In June 2021, OwnBackup Ltd., a US company specializing in SaaS data protection and microservices architecture, acquired Nimmetry Inc. for an undisclosed sum. This strategic acquisition is geared towards enhancing OwnBackup Ltd.'s product portfolio within the realm of SaaS. Nimmetry Inc., also based in the US, operates within the microservices architecture market.

Major companies operating in the microservices architecture market report are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Tata Consultancy Services Limited, Salesforce Inc., Google Cloud Platform, Cognizant Technology Solutions India Pvt. Ltd., VMware Inc., The universal process orchestrator, Twilio Inc., Citrix Systems Inc., F5 Inc., Splunk Inc., Micro Focus International PLC, TIBCO Software Inc., Red Hat Inc., Software AG, Dynatrace Inc., New Relic Inc., Suse Linux AG, HashiCorp Inc., WSO2 Inc., Docker Inc., D2iQ Inc., Lightbend Inc., Datawire Inc., Kubernetes.

North America was the largest region in the microservices architecture market in 2023. The regions covered in the microservices architecture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the microservices architecture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In a microservices architecture, the main components are solutions and services. Solutions involve solving problems using a set of software programs and services within an organization. These architectures are deployed through on-premises clouds and are used across various industries such as banking, financial services, insurance, government, manufacturing, IT and telecom, retail, healthcare, energy and utilities, media, and others. They cater to both large enterprises and small and medium enterprises.

The microservices architecture market research report is one of a series of new reports that provides microservices architecture market statistics, including microservices architecture industry global market size, regional shares, competitors with a microservices architecture market share, detailed microservices architecture market segments, market trends and opportunities, and any further data you may need to thrive in the microservices architecture industry. This microservices architecture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The microservices architecture market includes revenues earned by entities through inventory microservices and accounting microservices. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Microservices Architecture Market Characteristics3. Microservices Architecture Market Trends and Strategies
4. Microservices Architecture Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Microservices Architecture Market Size and Growth
5.1. Global Microservices Architecture Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Microservices Architecture Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Microservices Architecture Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Microservices Architecture Market Segmentation
6.1. Global Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Solution
  • Services
6.2. Global Microservices Architecture Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large Enterprises
  • Small and Medium Enterprises
6.3. Global Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • on-Premise
  • Cloud
6.4. Global Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Banking, Financial Services and Insurance
  • Government
  • Manufacturing
  • IT and Telecom
  • Retail
  • Healthcare
  • Energy and Utilities
  • Media
  • Other End-User Industries
7. Microservices Architecture Market Regional and Country Analysis
7.1. Global Microservices Architecture Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Microservices Architecture Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Microservices Architecture Market
8.1. Asia-Pacific Microservices Architecture Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Microservices Architecture Market
9.1. China Microservices Architecture Market Overview
9.2. China Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Microservices Architecture Market
10.1. India Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Microservices Architecture Market
11.1. Japan Microservices Architecture Market Overview
11.2. Japan Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Microservices Architecture Market
12.1. Australia Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Microservices Architecture Market
13.1. Indonesia Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Microservices Architecture Market
14.1. South Korea Microservices Architecture Market Overview
14.2. South Korea Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Microservices Architecture Market
15.1. Western Europe Microservices Architecture Market Overview
15.2. Western Europe Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Microservices Architecture Market
16.1. UK Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Microservices Architecture Market
17.1. Germany Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Microservices Architecture Market
18.1. France Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Microservices Architecture Market
19.1. Italy Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Microservices Architecture Market
20.1. Spain Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Microservices Architecture Market
21.1. Eastern Europe Microservices Architecture Market Overview
21.2. Eastern Europe Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Microservices Architecture Market
22.1. Russia Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Microservices Architecture Market
23.1. North America Microservices Architecture Market Overview
23.2. North America Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Microservices Architecture Market
24.1. USA Microservices Architecture Market Overview
24.2. USA Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Microservices Architecture Market
25.1. Canada Microservices Architecture Market Overview
25.2. Canada Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Microservices Architecture Market
26.1. South America Microservices Architecture Market Overview
26.2. South America Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Microservices Architecture Market
27.1. Brazil Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Microservices Architecture Market
28.1. Middle East Microservices Architecture Market Overview
28.2. Middle East Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Microservices Architecture Market
29.1. Africa Microservices Architecture Market Overview
29.2. Africa Microservices Architecture Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Microservices Architecture Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Microservices Architecture Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Microservices Architecture Market Competitive Landscape and Company Profiles
30.1. Microservices Architecture Market Competitive Landscape
30.2. Microservices Architecture Market Company Profiles
30.2.1. Microsoft Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Amazon Web Services Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. International Business Machines Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Cisco Systems Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Oracle Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Microservices Architecture Market Other Major and Innovative Companies
31.1. Broadcom Inc.
31.2. Tata Consultancy Services Limited
31.3. Salesforce Inc.
31.4. Google Cloud Platform
31.5. Cognizant Technology Solutions India Pvt. Ltd.
31.6. VMware Inc.
31.7. The universal process orchestrator
31.8. Twilio Inc.
31.9. Citrix Systems Inc.
31.10. F5 Inc.
31.11. Splunk Inc.
31.12. Micro Focus International plc
31.13. TIBCO Software Inc.
31.14. Red Hat Inc.
31.15. Software AG
32. Global Microservices Architecture Market Competitive Benchmarking33. Global Microservices Architecture Market Competitive Dashboard34. Key Mergers and Acquisitions in the Microservices Architecture Market
35. Microservices Architecture Market Future Outlook and Potential Analysis
35.1 Microservices Architecture Market in 2028 - Countries Offering Most New Opportunities
35.2 Microservices Architecture Market in 2028 - Segments Offering Most New Opportunities
35.3 Microservices Architecture Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Microservices Architecture Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microservices architecture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for microservices architecture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers 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.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Component: Solution; Services
2) By Organization Size: Large Enterprises; Small and Medium Enterprises
3) By Deployment Type: On-Premise; Cloud
4) By End-Use Industry: Banking, Financial Services and Insurance; Government; Manufacturing; IT and Telecom; Retail; Healthcare; Energy and Utilities; Media; Other End-user Industries

Key Companies Mentioned: Microsoft Corporation; Amazon Web Services Inc.; International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Microsoft Corporation
  • Amazon Web Services Inc.
  • International Business Machines Corporation
  • Cisco Systems Inc.
  • Oracle Corporation
  • Broadcom Inc.
  • Tata Consultancy Services Limited
  • Salesforce Inc.
  • Google Cloud Platform
  • Cognizant Technology Solutions India Pvt. Ltd.
  • VMware Inc.
  • The universal process orchestrator
  • Twilio Inc.
  • Citrix Systems Inc.
  • F5 Inc.
  • Splunk Inc.
  • Micro Focus International plc
  • TIBCO Software Inc.
  • Red Hat Inc.
  • Software AG
  • Dynatrace Inc.
  • New Relic Inc.
  • Suse Linux AG
  • HashiCorp Inc.
  • WSO2 Inc.
  • Docker Inc.
  • D2iQ Inc.
  • Lightbend Inc.
  • Datawire Inc.
  • Kubernetes