About Microservice Architecture
Microservice architecture is an approach to build the application, the microservices are distributed and loosely merged so if the team changes, it won't break the other app. It structures an application as a collection of small autonomous services designed around the business domain, in this each service is self-contained and implements a single business capability. The microservice architecture offers maintainable, testable, loosely coupled, independently deployable business capabilities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), IBM (United States), Cognizant (United States), Salesforce (MuleSoft, LLC.) (United States), Infosys Limited (India), Software AG (Germany), Red Hat, Inc. (United States), Datawire (United States), Elastic Path (Canada) and F5 Networks, Inc. (Nginx Inc.) (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Microservice Architecture market by Type (Stateless, Data Centric and Aggregator) and Region.
On the basis of geography, the market of Microservice Architecture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Healthcare will boost the Microservice Architecture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Inventory Microservice Architecture will boost the Microservice Architecture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Microservice Architecture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Introduction of Microservice Architecture in E-commerce and The Advancement in Serverless Architecture
Market Growth Drivers:
Increasing Automation in Every Industry to Manage the Operation Efficiently and Need for Improved Fault Isolation which Doesn't Effect the Whole Application
Challenges:
Issues with Monitoring the Distributed Environment as a Whole
Restraints:
Problems Associated with Application Logic and Limitation in Testing Scenarios
Opportunities:
Surging Investment in Microservice Architecture
Market Leaders and their expansionary development strategies
In January 2024, SonicWall has acquired Banyan to boost zero-trust. Security vendor SonicWall is expanding its zero-trust network offerings with the acquisition of Banyan Security.
On 13th January 2020, Elastic Path announced that it has acquired fellow commerce technology leader Moltin, to create the industry's only commerce platform that enables every business leader to quickly and easily leverage microservices to gain a competitive advantage in the market. This acquisition will prove to be profitable as the demand for extensible, flexible and scalable enterprise commerce solutions is growing. It will bolster Elastic Path's mission to empower businesses to transform every customer interaction across B2C, B2B, B2B2C, and B2B2B use cases, into unique and engaging digital commerce experiences.
Key Target Audience
Microservice Architecture Creators, Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.