The Microservices market stabilized from $ +700 million in 2019 to $ +1,980 million by 2024 with a compound annual growth rate (CAGR) of +23%. The main factors driving the market are digital transitions and the spread of micro-services architecture and customer-oriented business. In this study, 2018 was considered the base year and 2019-2024 prediction period.

Microservices Market Dynamics

Drivers
  • Digital transformations
  • Spread the structure of microservices
  • Customer-oriented business
Restrictions
  • Security and compliance
Opportunities
  • Increased support for cloud-based applications
  • The appearance of Internet of Things applications
Challenges
  • Organizational challenges during the implementation of microservices
  • Digital transformations are driving the global cloud services market
In today's business environment, with rapid advances in technologies, there is an increase in the use of digital solutions, connected devices, and IT systems. This rapid rise in technological innovation has paved the way for the growth of digital transformation. Organizations around the world are passionately implementing new applications across their sectors to engage customers in innovative and captivating ways. Furthermore, to fully meet organizational needs, these new applications must be deployed in a fast-moving environment, leading to rapid and responsive development while maintaining optimal security performance and cost-effectiveness. Microservices architecture helps businesses quickly build and deploy business applications. It provides greater flexibility in application development than homogeneous engineering. It has a range of advantages, such as faster market time (TTM), scalability, and lower operating cost. In addition, microservices help businesses reduce the complexity of software development. Thus, companies adopt a cloud services cloud approach, which is essential in the development of advanced business applications. Request the Sample Report Here: https://www.marketresearchinc.com/request-sample.php?id=29528 Key Market Segments: Key Market Players: AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US), Infosys (India), Kontena (Finland), Macaw (US), Marlabs (US), Microsoft (US), Netifi (US), NGINX (US), OpenLegacy (US), Oracle (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), Salesforce (US), SmartBear Software (US), Software AG (Germany), Syntel (US), TCS (India), Unifyed (US), and Weaveworks (UK). By Component:
  • Platform
  • Services
By Services:
  • Consulting services
  • Integration services
  • Training, support and maintain services
By Deployment Type:
  • Public
  • Hybrid
  • Private
By Organization Size:
  • SMEs
  • Large Enterprises
By Industry:
  • BFSI
  • IT and ITeS
  • Telecommunications
  • Government
  • Healthcare
  • Retail and eCommerce
  • Media and Entertainment
  • Transportation and Logistics
  • Manufacturing
  • Others (Education, Energy & Utilities, and Travel & Hospitality)
By Region:
  • North America
  • Europe
  • The Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America
Speak to our analyst for a discussion on the above findings, and ask for a discount on the report: https://www.marketresearchinc.com/ask-for-discount.php?id=29528 Report Customization and Benefits: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs. Table of Content: Chapter 1 Executive Summary Chapter 2 Abbreviation and Acronyms Chapter 3 Preface Chapter 4 Market Landscape Chapter 5 Market Trend Analysis Chapter 6 Industry Chain Analysis Chapter 7 Latest Market Dynamics Chapter 8 Trading Analysis Chapter 9 Historical and Current Microservices in North America Chapter 10 Historical and Current Microservices in South America Chapter 11 Historical and Current Microservices in Asia & Pacific Chapter 12 Historical and Current Microservices in Europe Chapter 13 Historical and Current Microservices in MEA Chapter 14 Summary for Global Microservices Chapter 15 Global Microservices Forecast Chapter 16 Analysis of Global Key Vendors About Us: Market Research Inc is farsighted in its view and covers the massive ground in global research. Local or global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: sales@marketresearchinc.com