The cloud native applications market focuses on the creation, distribution, and administration of applications that are especially made to run on cloud computing platforms. Applications that are created with cloud-native technologies and principles can fully benefit from the scalability, flexibility, and efficiency provided by the cloud. The capability to be deployed and operated in a distributed manner is one of the primary features of cloud native applications. These applications can be quickly scaled up or down to meet changing demands. They can also be distributed across several cloud servers or data centers to increase performance and reliability. Moreover, owing to its distributed nature, the cloud platform may easily be integrated with other cloud services and resources, including networking, databases, and storage. In addition, microservices architecture, which includes dividing complicated applications into smaller, loosely linked components, is used by cloud native applications, which makes it even more adaptable. These units, referred to as microservices, can be created and deployed separately, enabling continuous delivery and rapid innovation. As a result of the flexibility to extend or replace individual microservices without affecting the entire application, this modular approach also improves fault tolerance and scalability. As more businesses recognize the advantages of cloud computing and strive to adopt a more agile and scalable approach to application development, the cloud native application market is expected to expand quickly. There is rise in need for tools, platforms, and services that assist the creation and administration of cloud native applications as cloud platforms and technologies are being adopted more widely. As a result, a thriving ecosystem of vendors and solutions has emerged, offering a vast array of goods and services specifically designed to meet the requirements of developing and operating cloud native applications.
The cloud native applications market is segmented on the basis of component, deployment mode, enterprise size, end user, and region. On the basis of component, it is bifurcated into platform and services. On the basis of deployment mode, it is bifurcated into public cloud, private cloud, and hybrid cloud. On the basis of enterprise size, it is bifurcated into large enterprise and small and medium-sized enterprise. On the basis of end user, it is fragmented into BFSI, IT and telecom, retail and e-commerce, healthcare, government, manufacturing, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud native applications industry is dominated by key players such as Amazon.com, Inc., Google LLC, IBM Corporation, Infosys Limited, Microsoft Corporation, Oracle Corporation, SAP SE, Red Hat, Inc., VmWare, Inc., and Cognizant. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud native application market.
The cloud native applications market is segmented on the basis of component, deployment mode, enterprise size, end user, and region. On the basis of component, it is bifurcated into platform and services. On the basis of deployment mode, it is bifurcated into public cloud, private cloud, and hybrid cloud. On the basis of enterprise size, it is bifurcated into large enterprise and small and medium-sized enterprise. On the basis of end user, it is fragmented into BFSI, IT and telecom, retail and e-commerce, healthcare, government, manufacturing, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud native applications industry is dominated by key players such as Amazon.com, Inc., Google LLC, IBM Corporation, Infosys Limited, Microsoft Corporation, Oracle Corporation, SAP SE, Red Hat, Inc., VmWare, Inc., and Cognizant. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud native application market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cloud native applications market analysis from 2022 to 2032 to identify the prevailing cloud native applications market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cloud native applications market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cloud native applications market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Platform
- Service
By Deployment Mode
- Public Cloud
- Private Cloud
- Hybrid Cloud
By End User
- BFSI
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Government
- Manufacturing
- Others
By Enterprise Size
- Large Enterprise
- Small and Medium-sized Enterprise
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Google LLC
- Infosys Limited
- Microsoft Corporation
- Oracle Corporation
- Red Hat, Inc.
- VMware, Inc.
- SAP SE
- Cognizant
- IBM Corporation
- Amazon.com, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CLOUD NATIVE APPLICATIONS MARKET, BY COMPONENT
CHAPTER 5: CLOUD NATIVE APPLICATIONS MARKET, BY DEPLOYMENT MODE
CHAPTER 6: CLOUD NATIVE APPLICATIONS MARKET, BY ENTERPRISE SIZE
CHAPTER 7: CLOUD NATIVE APPLICATIONS MARKET, BY END USER
CHAPTER 8: CLOUD NATIVE APPLICATIONS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the cloud native applications market was valued at $5.3 billion in 2022, and is estimated to reach $48.8 billion by 2032, growing at a CAGR of 25.2% from 2023 to 2032.Cloud-native is developing and running applications that make use of the distributed computing resources, made available by the cloud delivery paradigm. Cloud-native programs are developed and crafted to take advantage of the scalability, dependability, and flexibility of the cloud. Due to integrated cloud-native applications, one can effortlessly promote their ideas. Users demand applications that are quick to respond, have zero downtime, are cloud-native, and have cutting-edge features. Modern enterprises are now able to operate in dynamic, modern environments, such as hybrid clouds, private clouds, and public clouds, and to build scalable applications, owing to cloud-native technology. Versatile cloud-native platforms are being developed by numerous significant organizations. Modern firms typically use cutting-edge developments such as big data analytics, artificial intelligence, and machine learning into their everyday operations.
Software programs that are created from the ground up with the intention of being deployed on cloud infrastructure are known as cloud native applications. To provide improved performance and efficiency, these apps make use of the benefits of cloud computing, such as scalability, flexibility, and resilience. Microservices architecture, which divides programs into smaller, independently deployable components, enables the development of cloud native apps and enables quicker development cycles and simpler maintenance.
Moreover, rise in adoption of IoT devices and growth in need of data security and privacy, primarily drive the growth of the cloud native application market. However, inconsistency in the IoT standards for compatibility hamper the market growth to some extent. Moreover, rise in adoption of cloud-based devices is expected to provide lucrative opportunities for the cloud native applications market forecast.
On the basis of component, the platform segment dominated the cloud native application market in 2022 and is expected to maintain its dominance in the upcoming years, as it offers a collection of instruments, frameworks, and services that uphold the fundamental tenets of building cloud native applications, including scalability, resilience, and agility, which propels the market growth significantly. However, the service segment is expected to witness the highest growth, owing to quick improvements in technology, including serverless computing, microservices, and containerization.
Region-wise, North America dominated the cloud native applications market share in 2022, owing to rise in number of IoT applications hosted on cloud and increasing investments in emerging technologies such as big data, social media, and due to mobility. However, Asia-Pacific is expected to witness the fastest growth owing to, transformation of IT and telecommunication with the increasing adoption and growth of advanced technology, such as cloud computing, data analytics, AI, and IoT, drives the need for cloud native applications in the Asia-Pacific region.
The demand for cloud native applications surged as businesses quickly adopted digital transformation plans and organizations globally migrated to remote work. The cloud native applications have to be crucial for sustaining the growth in online activity, enabling remote collaboration, and guaranteeing company continuity. During the pandemic, organizations that had previously been unwilling to move their apps to the cloud soon understood the advantages of cloud-native architecture. As businesses confronted unprecedented challenges and uncertainties, scalability, flexibility, and cost-effectiveness provided by cloud platforms became even more crucial. The cloud native applications market has expanded as a result of rise in the use of cloud services and the increase in demand for cloud-native applications. In addition, the pandemic also emphasized the value of flexibility and toughness in application development. The modular and distributed architecture of cloud native applications has shown to make them more adaptive to business interruptions and needs that change quickly. Businesses with the ability to swiftly adapt their applications and services to meet changing customer needs or tackle new difficulties were at a competitive advantage. The COVID-19 pandemic, thereby worked as a catalyst for the adoption of cloud-native practices and technology, fueling the expansion of the cloud native applications market.
Key Findings of the Study
By component, the platform segment led the cloud native applications market size in terms of revenue in 2022.By deployment mode, the private cloud segment is anticipated the fastest growth for cloud native app market.
By enterprise size, the large enterprise led the cloud native applications market in terms of revenue in 2022.
By end user, the retail and e-commerce is anticipated the fastest growth for cloud native app market.
By region, North America generated the highest revenue for cloud native applications market analysis.
The key players profiled in the cloud native applications industry analysis are Amazon.com, Inc., Google LLC, IBM Corporation, Infosys Limited, Microsoft Corporation, Oracle Corporation, SAP SE, Red Hat, Inc., VmWare, Inc., and Cognizant. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud native applications industry.
Companies Mentioned
- Google LLC
- Infosys Limited
- Microsoft Corporation
- Oracle Corporation
- Red Hat, Inc.
- VMware, Inc.
- SAP SE
- Cognizant
- IBM Corporation
- Amazon.com, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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