Global Microservice Architecture Market size was valued at $2,073 million in 2018, and is projected to reach $8,073 million by 2026, registering a CAGR of 18.6% from 2019 to 2026
Microservices architecture (MSA) is a method of designing software systems that breaks down huge monolithic applications into smaller controllable independent services. These services are primarily concerned with task efficiency and communication via language-independent protocols. Organizations can focus on smaller independent services maintained by distinct smaller teams by employing microservice architecture instead of focusing all teams on one huge application. Its implementation delivers several benefits to enterprises, including increased productivity, shorter development cycles, and more scalable systems. Microservices design also enhances company reach, supports consumer choice, provides transparency and enablement, and accelerates business time to market by enabling technological agility.
Microservice architecture (MSA) is a method of developing software systems that divides large monolithic applications into smaller manageable independent services that focus on completing a task effectively and communicate using language-independent protocols. This offers direction for the code that runs under that specific personal service for a certain development team. The notion of doing one thing well underpins the microservice architecture. Microservices architectures will be utilised to build 90% of all apps, according to studies. The desire for software that can be swiftly built and delivered has paved the way for a significant surge in microservices. Microservices enable organisations to experiment with different technology stacks while continuing to use the cloud. Microservices designs will continue to help businesses.
Microservices architecture consists of self-contained services that are highly controllable and testable, loosely connected, independently deployable, and arranged in accordance with various business capabilities. They enable enterprises to strengthen their technological stack by enabling the frequent and reliable delivery of large and sophisticated applications. They also help other services communicate with one another by leveraging application programming interfaces (API), event streaming, and message brokers. Furthermore, because they are failure-resistant, decentralised, and evolving, demand for microservices architecture is increasing globally.
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Global Microservice Architecture Market: Major Players
Mulesoft
Salesforce.Com, Inc
International Business Machines Corporation
Infosys Limited
Datawire
Microsoft Corporation
Nginx Inc
Cognizant
Software AG
Global Microservice Architecture Market: Types
Cloud based
On-Premise
Global Microservice Architecture Market: Applications
Healthcare
BFSI
Government
IT & Telecommunication
Manufacturing
Retail
Energy & Utilities
Media & Entertainment
Others
Global Microservice Architecture Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Microservice Architecture market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Market Trends
One of the primary reasons driving market expansion is the growing need for digital transformation to suit company requirements. When compared to typical monolithic apps, microservices architecture provides scalability, increases efficiency, and enhances development. They also help consumers make choices, promote transparency, and broaden the business’s reach. As a result, its use is increasing across organisations and various industrial sectors to improve business agility. Aside from that, increased sales of connected devices such as smartphones, wearables, smart home applications, drones, tablets, and fitness trackers are favourably impacting market growth. This is due to their capacity to deploy individual services as well as provide speedier feature updates for software applications. Furthermore, there is a cost savings as a result of improved performance, reduced risk, and cost efficiency. Cloud-based solutions are becoming increasingly popular around the world. This, combined with technological improvements such as the integration of microservices architecture with the Internet of Things (IoT), is resulting in a positive market outlook. The industry is also being propelled by the increasing use of virtualized infrastructure around the world. Furthermore, the epidemic of coronavirus illness (COVID-19) has led in increased demand for cloud microservices as a result of the widespread use of remote working in many enterprises.
Key Benefits for Stakeholders:
- This study presents the analytical depiction of global microservices architecture market trends and future estimations to determine the imminent investment pockets.
- A detailed analysis of the microservices architecture market segment measures the potential of the market. These segments outline the favorable conditions for the market.
- The report presents information related to key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the microservices architecture industry.
