Microservices Architecture Market Scope
Microservices architecture (MSA) is a method of designing software systems in which large monolithic applications are broken down into smaller, manageable, stand-alone services that concentrate on performing one task efficiently and communicating through language-agnostic protocols. Instead of concentrating all teams on one large application, smaller independent services are operated by different smaller teams that allow superior flexible structures, increased efficiency, and faster development cycles. Through doing so, a specific development group is assigned responsibility for the codes operating under that particular development group. The idea behind the design of microservices is to do one thing and do it well. Microservices architecture is much more sensitive to consumer requirements as it is an approach to designing, scaling, developing, and delivering individual services in a cycle.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Salesforce (United States), Infosys (India), NGINX (United States), Kong Inc. (United States), Rancher Labs (United States) and StackRox (United States) |
CAGR | % |
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Microservices Architecture market throughout the predicted period.
IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Salesforce (United States), Infosys (India), NGINX (United States), Kong Inc. (United States), Rancher Labs (United States) and StackRox (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Seldon (United Kingdom), Sysdig (United States) and Wave works (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Microservices Architecture market by Type and Region with country level break-up.
On the basis of geography, the market of Microservices 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2022, Catchpoint, The Internet Resilience Company,has announced the acquisition of the assets of Thundra.io, a pioneer in cloud monitoring, a move that strengthens Catchpoint’s Application Experience Solution with advanced microservices and API monitoring capabilities, both critical aspects of Internet Performance Monitoring (IPM).
In October 2022, Westech has launched microservices with Red Hat OpenShift Dedicated. Reduced feature time to market from months to weeks with CI/CD and self service, Improved system scalability and reliability while reducing OpEx, Expanded intelligent business capabilities to support new market demands.
Influencing Trend:
Technological advances in the design of microservices
Market Growth Drivers:
Increased acceptance of cloud-based software as a service provider (SaaS) for enterprise business functionality and Proliferation of connected devices such as wearables, smartphones, smart home appliances, laptops, drones, and fitness monitors
Challenges:
Organizational problems and the implementation of microservices and Limitations in testing
Restraints:
Security and compliance
Opportunities:
Increase adoption of cloud-based applications and Emergence of IoT applications
Key Target Audience
Software Providers, Government Regulatory Bodies, Government Research Organisations, Private Research Organisations and Others