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Market Scenario:
Microservice architecture is defined as a method for development of application in which the large application is divided into small modular services. Each module assist a specific business goal and uses simple language with well-defined interface to communicate with other services.
Microservice architecture is increasingly adopted by organization as an inbuilt mechanism for developing enterprise application. Cloud based solution such as software as a service (SaaS) and platform as a service (PaaS) is driving the market.Categroization of connected device such as smartphones, tablets, drones, wearable, smart home appliances and fitness tracker is driving the microservices architecture market.The key trends that is majorly effecting the market include loose coupling, deployment and domain driven design. As microservices operates on simple and smaller services, there is an increase demand for cloud solution and is one of the important factor driving the market.
The advantage of microservices architecture includes improvement in fault isolation system, provide easy platform for new developer and helps to eradicate long term commitment on single technology. The adoption of microservice architecture has assist many big enterprises to begin there transitions as compared to monolithic design structure.
By deployment segment, the microservices architecture market includes cloud based and on-premise. The adoption of cloud based microservices architecture is driving the market. Cloud based microservices architecture provides scalability, cost efficiency and 24x7 availability. To enable organization with healthy microservices, cloud based platform automatically shift the instances to servers or vendor management system when the software or hardware on which they are running fails.
The microservices architecture market is expected to grow at approx. USD 33 Billion by 2023, at 17% of CAGR between 2017 and 2023.
Key Players:
The prominent players in the microservices architecture market are – Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), Salesforce.Com, Inc. (U.S.) among others.
Segments:
Microservices Architecture Market for segment on the basis of by deployment, by type and by Vertical.
Microservices Architecture Market by Deployment:
- Cloud based
- On-Premise
Microservices Architecture Market by Service:
- Inventory Microservice
- Accounting Microservice
- Shipping Microservice
- Store Microservice
Microservices Architecture Market by Vertical:
- Healthcare
- BFSI
- Government
- IT & Telecommunication
- Manufacturing
- Retail
- Energy & Utilities
- Media & Entertainment
- Others
Regional Analysis:
The regional analysis of microservice architecture market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for higher market share. North America region possess highest market share due to major microservice architecture players present in the region. Asia-Pacific is expected to be fastest growing market as large number of organizations are adopting microservices architecture to meet needs of modern application development.
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The new research report titled "Microservices Architecture Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Microservices Architecture market include Tata Consultancy Services Limited, IBM Corporation, Microsoft Corporation, Oracle, Salesforce.com.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Microservices Architecture Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/microservices-architechture-market/download-sampleMarket DynamicsGrowing digitalization and shift from monolithic to microstructure is stimulating the growth of the market.
Giant stars such as Amazon, Netflix, LinkedIn, Spotify, SoundCloud, and other companies have evolved their applications towards a microservice architecture.
The global Microservices Architecture Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Microservices Architecture market include Tata Consultancy Services Limited, IBM Corporation, Microsoft Corporation, Oracle, Salesforce.com.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Microservices Architecture Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/microservices-architechture-market/download-sampleMarket DynamicsGrowing digitalization and shift from monolithic to microstructure is stimulating the growth of the market.
More and more businesses are turning digital to grab opportunities.
Giant stars such as Amazon, Netflix, LinkedIn, Spotify, SoundCloud, and other companies have evolved their applications towards a microservice architecture.
Microservices Architecture Market ScopeMarket Research Future (MRFR) asserts that the Microservices Architecture Market 2020 can reach an approx.
MRFR also confirms that the market expansion can take place at a rate of 17% between 2017 and 2023 (review period).Microservices Architecture Market Key PlayersTop companies competing in the market for microservices architecture include Salesforce.Com, Inc. (U.S.), Infosys Limited (India), Nginx Inc. (U.S.), Cognizant (U.S.), Mulesoft (U.S.), International Business Machines Corporation (U.S), Datawire (U.S.), Microsoft Corporation (U.S.), Software AG (Germany), to mention a few.Primary Boosters and Key ChallengesMicroservice architecture boosts the development as well as deployment of a set of features or an application that is made of modular, autonomous, self-contained and independent units.
With the help of microservices, these teams are able to quickly ship the advanced forms features or applications, with no disruptions in the rest of the solutions.
In a nutshell, microservices architecture helps prevent complexity, enabling small and agile teams to develop services.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3149Rising use of connected devices like smartphones, wearables, tablets, smart home appliances, fitness trackers and drones is believed to be one of the chief growth boosters in the microservices architecture market.
This can be due to the fact that business customers nowadays demand for faster feature update in software applications.
This architecture is extremely fast and responsive to every kind of requirement in the market, as it holds the potential build, scale, evolve, and deploy the individual services within the cycle.
Microservices Architecture Market A new market study, titled “Microservices Architecture Market ” has been featured on Market Research Future.North America region is the dominating player in the microservices architecture market owing to presence of major players in the region.
US market contributes highest revenue in the North America region.
Its impact on e-commerce industry has been tremendous and has the leverage the business of major e-commerce companies such as Amazon.
It enables financial sector by providing easy extensibility and flexibility of components.
More Information@ https://www.marketresearchfuture.com/reports/microservices-architecture-market-3149Microservices Architecture Market SegmentationThe segmentation of the microservices architecture on the basis of application include retail, BFSI, healthcare, government, manufacturing and media.
It enable users with fault isolation technique, if one service failed, the entire application will operate until the fail service is recovered and recovering a fail service is not that complex, it has its own independent and deployment pipeline.The prominent players in the Microservices Architecture Market are- Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), Salesforce.Com, Inc. (U.S.) among others.Market Research Analysis:High utilization of microservices architecture technology in retail, e-commerce and cloud based application is driving the market in North America region.
Microservices Architecture MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Microservices Architecture Market .
The growth sectors of the Microservices Architecture Market are identified with precision for a better growth perspective.Market Research Future (MRFR) has revealed in its recently published report that the global microservices architecture market is projected to reach a valuation of USD 33 Bn by the end of 2023.
The microservices architecture market is estimated to register a CAGR of 17% during the forecast period 2017 to 2023.
is expected to drive the demand for microservices architecture over the next couple of years.Cloud-based services offer availability, scalability and cost efficiency.
The adoption of a cloud-based solution such as software as a service (SaaS) and platform as a service (PaaS) has been favoring the acceleration of revenue creation for market players for years.
Furthermore, the penetration of connected devices such as the smartphones, drones, wearable devices, tablets, laptops, etc.
