Overview and Scope
Cloud native development is a software development that leverages the capabilities and advantages of cloud computing and modern containerization technologies to build and manage applications. Cloud native development is used for building and deploying applications specifically designed to run in the cloud environment.
Sizing and Forecast
The cloud native development market size has grown exponentially in recent years. It will grow from $708.56 billion in 2023 to $881.98 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to agile development practices, microservices architecture, devops culture, scalability requirements, cost efficiency.
The cloud native development market size is expected to see exponential growth in the next few years. It will grow to $2065.64 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. The growth in the forecast period can be attributed to serverless computing, open source contributions, edge computing integration, ai and machine learning integration, enhanced security measures. Major trends in the forecast period include continuous innovation, hybrid and multi-cloud deployments, low-code/no-code platforms, containerization technology, kubernetes orchestration, containerization growth.
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Segmentation & Regional Insights
The cloud native development market covered in this report is segmented –
1) By Type: Solution, Service
2) By Deployment Model: Private Cloud, Hybrid Cloud, Multi-CIoud
3) By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
4) By End-User: Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Other End Users
North America was the largest region in the cloud native development market in 2023. The regions covered in the cloud native development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of cloud computing is expected to propel the growth of the cloud-native development market going forward. Cloud computing refers to the delivery of various computing services, including but not limited to storage, processing power, databases, networking, and software applications, over the internet. Cloud computing uses cloud-native development to maximize the efficiency, scalability, and flexibility of applications. For instance, in July 2023, according to International Data Corporation, a US-based information technology company, global revenue from public cloud services reached $545.8 billion in 2022, marking a substantial growth of 22.9% compared to 2021. Therefore, the growing adoption of cloud computing is driving the growth of the cloud native development market.
Key Industry Players
Major companies operating in the cloud native development market report are Amazon Inc., Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, SAP SE, NTT Data Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Red Hat Inc., Nutanix Inc., Pivotal Software Inc., Alibaba Cloud, HashiCorp, GitLab Inc., SUSE Software Solutions , Samsung SDS Co. Ltd., DataStax Inc., Docker Inc., Puppet, Canonical Ltd., Neo4j Inc., Jenkins Software Foundation, Grafana Labs</b
The cloud native development market report table of contents includes:
1. Executive Summary
2. Cloud Native Development Market Characteristics
3. Cloud Native Development Market Trends And Strategies
4. Cloud Native Development Market – Macro Economic Scenario
5. Global Cloud Native Development Market Size and Growth
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32. Global Cloud Native Development Market Competitive Benchmarking
33. Global Cloud Native Development Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Native Development Market
35. Cloud Native Development Market Future Outlook and Potential Analysis
36. Appendix
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