Global Microservices Market Overview:
Micro services is also called micro service architecture which structures the application by collecting services. These services are loosely coupled, maintainable and testable, deployable, and organised. The micro services helps in rapid, and reliable delivery of complex applications. In addition, it enables the organisations to improve its technology stack. Micro service is a self-contained business functionality with clear interfaces and helps to serve changing business needs and build new components.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 202 |
Forecast Period | 2023-2028 |
Historical Period | 2018-202 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Developments in Micro Service Architecture
Market Growth Drivers:
Digital Transformations are fuelling the Market Growth and Rising Number of Customer Oriented Business which Needs to Satisfy Changing Customer Needs.
Challenges:
Issues While Implementing Micro services
Restraints:
Security Issues and Compliance may hamper the Market Growth
Opportunities:
Rising Adoption of Cloud Based Applications and Introduction of IoT Applications
Competitive Landscape:
The market of Micro Services is fragmented as it consists of emerging as well as major players. The companies in this market are trying to gain a competitive edge through strategic partnership, acquisition, expansion, and introduction of new solution or services.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Seldon (United Kingdom), Sysdig (United States) and Wave works (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Microservices market by 2028. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Microservices market. Considering Market by Industry vertical, the sub-segment i.e. Financial Services will boost the Microservices market. Considering Market by Component, the sub-segment i.e. Platform will boost the Microservices market. Considering Market by Organisation size , the sub-segment i.e. SMEs will boost the Microservices market.
Latest Market Insights:
On 21st October 2019, Microsoft has acquired Mover which is a platform for moving files and streamlining the process of user data transfer to cloud. and On 4th September 2019, Microsoft has acquired Movere which is a SaaS based platform for capturing integrating and analysing the data that is needed to make the decisions.
In May 2017, IBM, Lyft, and Google has announced the introduction of Istio, which is an open source technology. It helps developers to manage a network of micro services.
What Can be Explored with the Microservices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Microservices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Microservices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Microservices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Microservices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Software Providers, Government Regulatory Bodies, Government Research Organisations, Private Research Organisations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.