Cloud Microservices Market size was valued at US$ 915.27 Mn. in 2021 globally and revenue is expected to grow at 20.71 % from 2022 to 2029, reaching nearly US$ 4125.5 Mn.
Cloud Microservices Market Overview:
The Cloud Microservices market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Cloud Microservices Market, as well as the reasons for variations in the industry’s growth in various locations.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
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Segmentation:
by Type
1. Public Cloud
2. Private Cloud
3. Hybrid Cloud
by Organization Size
1. Small & Medium-Sized Enterprises
2. Large Enterprises
by Application
1. Retail and Ecommerce
2. Healthcare
3. Media and Entertainment
4. Banking, Financial Services, and Insurance
5. IT and ITes
6. Government
7. Transportation and Logistics
8. Manufacturing
9. Telecommunication
10. Others
Based on application, the cloud microservices market in 2021 was dominated by the retail and eCommerce segment because of rising consumer spending power. In response to the expansion of the internet market, retailers are incorporating cutting-edge technologies including cloud computing, big data analytics, digital storefronts, and social media networks. Given the fierce competition in the cloud microservices market, customer experience emerges as a critical distinction among the diversity of online purchasing options.
Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Cloud Microservices market are as follows:
Key Players in the Cloud Microservices Market are:
1. Amazon Web Services, Inc. (US)
2. Atos SE (France)
3. Broadcom Inc. (US)
4. Contino Solution Ltd. (UK)
5. F5 Networks Inc. (US)
6. Idexcel Inc. (US)
7. Infosys Ltd. (India)
8. International Business Machines Corp. (US)
9. Macaw Software Inc. (US)
10. Marlabs LLC (US)
11. Microsoft Corp. (US)
12. OPENLEGACY TECHNOLOGIES LTD. (US)
13. Oracle Corp. (US)
14. RoboMQ (US)
15. Salesforce.com Inc. (US)
16. SmartBear Software Inc. (US)
17. Tata Consultancy Services Ltd. (India)
18. Weaveworks Inc. (US)
19. Aspire Systems (India)
20. Invision (US)
21. GitHub Inc. (US)
22. CA Technologies (US)
23. Pivotal Software, Inc. (US)
24. Anjuna Security, Inc. (US)
25. Geant Technology, LLC (US)
Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Cloud Microservices market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Cloud Microservices Market:
Due to a break in operations, end-user sectors where Cloud Microservices are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Cloud Microservices manufacturers, affecting the development of the Cloud Microservices market in 2020. End-user business demand for Cloud Microservices has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Cloud Microservices Market Report are:
- Which segment had the largest share in the Cloud Microservices market in 2021?
- What is the competitive landscape of the Cloud Microservices market?
- Which are the key drivers aiding the Cloud Microservices market growth?
- Which region has the maximum share in the Cloud Microservices market?
- What will be the CAGR of the Cloud Microservices market during the forecast period (2022-2027)?
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