Cloud microservices Market Analysis 2021-2030 With Data from Leading Countries and Analysis, Share, Scope, Trends, Industry Size, Growth, Opportunities and Demand with Competitive Landscape and Analytical Research Report

In a recent published report, Kenneth Research has updated the market report for Cloud microservices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud microservices Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

The global cloud microservices market was valued at USD 584.4 million in 2017 and is expected to reach USD 2,146.7 million by the end of the forecast period with a CAGR of 25.0%.Cloud microservices is one of the prominent way to develop software systems focused on creating a single-platform operated archityectural module. These cloud microservices have seen major growth trend in the recent years due to higher deployment of cloud services in small and medium enterprises.

The Final Report will cover the impact analysis of COVID-19 on this industry:

This has enabled the enterprise to develop a agile testing services to create scalable, and reliable software architecture. The microservices architecture helps the enterprises to enable individual process on its own as a set of services that runs by an application programming interface (API). The cloud microservices enable enterprises to be highly maintainable, and predictable in identfying the errors, able to deploy services independently without depending upon other layers of services. Additionally, the cloud microservices help these enterprises to work over large, and complex applications.

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The major driving factors that contribute towards the growth of the global cloud microservices market include increased proliferation of the microservices architecture, rising demand of low cost and secured IT operations, and increasing cloud services adoption. Moreover, the increasing disposition of enterprises towards private cloud for data secuerity, and minimizing the on-premise IT deployment cost. However, the factors that refrain the market growth include lack of technical expertise, and higher cost on initail deployment of microservices architecture.


The global cloud microservices market is segmented into component, organization size, deployment, verticals, and region.By component, the market is segmented into platform, and services. Services is further segmented into consulting service, integration services, and maintenance & support services.By organization size, the market is segmented into large enterprise and small and medium sized enterprises.

By deployment, the market is segmented into public cloud, private cloud, and hybrid cloud.By vertical, the market is segmented into retail and e-commerce, healthcare, media & entertainment, BFSI, IT & telecommunication, government, transportation and logistics, and manufacturing.By region, the cloud microservices market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Regional analysis

The global market for cloud microservices is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of cloud microservices market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North American is one of major and early adopter of the microservices architecture. Various industries and verticals in this region are adopting cloud microservices to increase their business efficiency. However, Europe closely follows North America in terms of revenue generation owing to highly developed countries like the UK, and Germany. Asia-Pacific is the fastest growing region. This is due to various enterprises are deploying their business and facilities in Asia Pacific to churn out the minimal cost in providing services to customers.

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Key Players

The key players in the cloud microservices market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Amazon Web Services (US), CA Technologies, IBM Corporation (US), Microsoft Corporation (US), Inc (US), Infosys Limited (India), Oracle Corporation (US), Syntel (US), SmartBear Software (US), and Software AG (Germany). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the cloud microservices market. These include Contino (UK), CoScale (Belgium), Idexcel (US), Kontena (Finland), Macaw (US), Marlabs (US), Netifi (US), NGINX (US), OpenLegacy (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), TCS (India), Unifyed (US), and Weaveworks (UK) and others.

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Intended Audience

Government Agencies

Network Solution Providers

Independent Software Vendors

Consulting Firms

System Integrators

Research Institutes and Organizations

Technology Standards Organizations

Cloud Microservices Platform Vendors

Application Developers

Container Services Providers

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