Cloud Microservices Market by Component and Geography - Forecast and Analysis 2022-2026

The cloud microservices market share is expected to increase by USD 1.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 25.1%.

This cloud microservices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cloud microservices market segmentations by component (platform and services) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The cloud microservices market report also offers information on several market vendors, including Amazon.com Inc., Atos SE, Broadcom Inc., Contino Solution Ltd., F5 Networks Inc., Idexcel Inc., Infosys Ltd., International Business Machines Corp., Macaw Software Inc., Marlabs LLC, Microsoft Corp., OPENLEGACY TECHNOLOGIES LTD., Oracle Corp., RoboMQ, Salesforce.com Inc., SmartBear Software Inc., Tata Consultancy Services Ltd., Unifyed LLC, Weaveworks Inc., and Aspire Systems among others.

What will the Cloud Microservices Market Size be During the Forecast Period?

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Cloud Microservices Market: Key Drivers, Trends, and Challenges

The rising digital transformations is notably driving the cloud microservices market growth, although factors such as organizational challenges while managing microservices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud microservices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Microservices Market Driver

The rising digital transformations is one of the key drivers supporting the cloud microservices market growth. With the rapid advancements in technologies, there is an increase in the use of digital solutions, connected devices, and IT systems. This rapid rise in technological innovations has paved the way for the growth of digital transformation. Organizations across the globe are eagerly implementing new applications across their verticals to engage customers in innovative and captivating ways. Moreover, to fulfill the organizational needs entirely, these new applications must be deployed in an agile environment, leading to rapid and responsive development while keeping the security performance and cost-effectiveness at an optimum level. The microservices architecture helps enterprises to build and deploy business applications rapidly. Such applications will drive market growth during the forecast period.

Key Cloud Microservices Market Trend

The manufacturing sector expected to register significant growth is one of the key cloud microservices market trends that is contributing to the market growth. Cloud network manufacturing provides a new way to business, as manufacturing companies found that they may not survive in the competitive market without the support of Information Technology (IT) and computer-aided capabilities. For instance, Microsoft is the dominant core technology supplier to the manufacturing industry. It provides manufacturers a digital twin of their Open platform communication (OPC) UA-enabled machines and significantly enhances security and certification management. Here, customers can control and manage their OPC twins directly from the cloud by using microservices running on Microsoft Azure. Thus, the adoption of cloud microservices in the manufacturing sector is further expected to create an opportunity for the cloud microservices vendors during the forecast period.

Key Cloud Microservices Market Challenge

Organizational challenges while managing microservices is one of the factors hindering the cloud microservices market growth. As the number of microservices increases, managing them is also getting more challenging. It is important that the management aspects are planned before or while they are being built. While the modularity helps, things get out of control, if not managed well. The mismanagement of the services is similar to those problems that arrived during the initial stages of the implication of such microservices. Furthermore, other challenges faced on the implication of cloud microservices are monitoring, embracing DevOps culture, fault-tolerance, and testing. Such complexities hinder the adoption of cloud microservices, especially by small or medium enterprises (SMEs). Hence, restricting the market growth in the forecast period.

This cloud microservices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global cloud microservices market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud microservices market during the forecast period.

Who are the Major Cloud Microservices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Amazon.com Inc.
• Atos SE
• Broadcom Inc.
• Contino Solution Ltd.
• F5 Networks Inc.
• Idexcel Inc.
• Infosys Ltd.
• International Business Machines Corp.
• Macaw Software Inc.
• Marlabs LLC
• Microsoft Corp.
• OPENLEGACY TECHNOLOGIES LTD.
• Oracle Corp.
• RoboMQ
• Salesforce.com Inc.
• SmartBear Software Inc.
• Tata Consultancy Services Ltd.
• Unifyed LLC
• Weaveworks Inc.
• Aspire Systems

 

This statistical study of the cloud microservices market encompasses successful business strategies deployed by the key vendors. The cloud microservices market is fragmented and the vendors are deploying growth strategies such as new product launches, partnerships, acquisitions, and others, in various deployment modes, like public, private, and hybrid cloud to compete in the market.

Product Insights and News

• Amazon.com - The company is involved in offering cloud microservices which is an architectural and organizational approach to software development owned by small and self-contained teams.
• Broadcom.com - The company is involved in offering cloud microservices that allow customers to build new microservices and move existing applications to a scaleable cloud model for better control of application workloads.
• Contino.io - The company is involved in offering cloud microservices that help to improve software delivery speed and increase agility with reference to new products developed.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cloud microservices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cloud Microservices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cloud microservices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Cloud Microservices Market?

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for the cloud microservices market in North America. Market growth in this region will be faster than the growth of the market in Europe.

The increasing adoption of advanced technologies will facilitate the cloud microservices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has substantially impacted the value chain of the cloud microservices market and has adversely affected the demand for the product in focus. However, government initiatives such as mass vaccination drives and measures including social distancing had helped the regional government to control the spread of the virus. This has further led to the relaxation in the lockdown. Thus, rising economic activities would further be expected to proliferate the market in focus in the forecast period.

What are the Revenue-generating Component Segments in the Cloud Microservices Market?

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The cloud microservices market share growth by the platform segment will be significant during the forecast period. The platform segment has captured the highest market share in the global cloud microservices market in 2021. This is attributed to the rising deployment of cloud microservices-based software across several sectors such as retail and e-commerce, healthcare, manufacturing, and many other human resource management applications. In addition, the utilization of cloud microservice platforms in corporations for better productivity, greater employee satisfaction, and reduction in employee's operational cost is further expected to upsurge the growth of the cloud microservice platform market sub-segment over the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud microservices market size and actionable market insights on post COVID-19 impact on each segment.

 

Cloud Microservices Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 25.1%
Market growth 2022-2026	$ 1.59 billion
Market structure	Fragmented
YoY growth (%)	24.58
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 35%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amazon.com Inc., Atos SE, Broadcom Inc., Contino Solution Ltd., F5 Networks Inc., Idexcel Inc., Infosys Ltd., International Business Machines Corp., Macaw Software Inc., Marlabs LLC, Microsoft Corp., OPENLEGACY TECHNOLOGIES LTD., Oracle Corp., RoboMQ, Salesforce.com Inc., SmartBear Software Inc., Tata Consultancy Services Ltd., Unifyed LLC, Weaveworks Inc., and Aspire Systems
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cloud Microservices Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cloud microservices market growth during the next five years
• Precise estimation of the cloud microservices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud microservices industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cloud microservices market vendors

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