Rise in implementation of virtualized infrastructure is expected to usher multiple opportunities for the stakeholder in the industry. Increase in digital transformations, the proliferation of connected devices, and rise in adoption of cloud-based solutions augment the growth of the global microservices architecture market.
Major industry players such as – IBM Corporation, Microsoft Corporation, Oracle, Tata Consultancy Services Limited, Salesforce.com., Datawire, MuleSoft Inc., Software AG, CA Technologies, and Syntel.
The global microservices architecture market was estimated at $2.07 billion in 2018 and is expected to garner $8.07 billion by 2026, manifesting a CAGR of 18.6% from 2019 to 2026.
The industry is segmented on the basis of component, deployment mode, organization size, industry vertical, and region. Based on component, the market is bifurcated into solution and services. The solution segment held the largest share in 2018, accounting for nearly two-thirds of the global microservices architecture market in 2018, and is anticipated to maintain its dominance throughout the forecast period. On the other hand, the services segment is anticipated to manifest the fastest CAGR of 20.1% in between 2019 to 2026.
Based on region, the global market is analyzed across regions including North America, Asia-Pacific, LAMEA, and Europe. The region across North America contributed to more than half of the global market share in 2018, and is projected to maintain its position throughout 2026. At the same time, the region across Asia-Pacific is projected to register the fastest CAGR of 23.4% from 2019 to 2026.
Download Sample Report (Get Full Insights in PDF – 286 Pages) at:
Based on deployment mode, the market is divided into on-premise and cloud. The on-premise segment accounted for around three-fifths of the market revenue in 2018, and is expected to rule the roost by 2026. Simultaneously, the cloud segment would manifest the fastest CAGR of 21.2% through 2026.
- During covid-19 outbreak, the adoption of cloud-based solutions and digital transformation has increased widely. This, in turn, augmented the demand for microservices architecture.
- In addition, the trend of virtual infrastructure during to covid-19 pandemic has elevated greatly, thereby driving the demand for microservices architecture
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5994
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.