According to the report, the global microservices architecture market was pegged at $2.07 billion in 2018 and is expected to hit $8.07 billion by 2026, registering a CAGR of 18.6% from 2019 to 2026.
Rise in digital transformations, proliferation of connected devices, and surge in adoption of cloud-based solutions drive the growth of the global microservices architecture market. On the other hand, security and several compliance issues impede the growth to some extent. Nevertheless, rise in implementation of virtualized infrastructure is expected to create multiple opportunities for the key players in the industry.
Download Free Sample Report at: https://www.alliedmarketresearch.com/request-sample/5994
The solution segment to rule the roost till 2026
Based on component, the solution segment held the largest share in 2018, garnering nearly two-thirds of the global microservices architecture market in 2018, and is expected to retain its dominance throughout the forecast period. This is attributed to the widespread adoption of microservices architecture among enterprises. The services segment, on the other hand, would portray the fastest CAGR of 20.1% during 2019–2026. Increase in adoption of these platforms and software has driven the growth of the segment.
The on-premise segment to dominate during the estimated period
Based on deployment mode, the on-premise segment accounted for around three-fifths of the global microservices architecture market revenue in 2018, and is expected to lead the trail by 2026. The fact that organizations in regulated industries rely on on-premise model to a significant extent has propelled the segment growth. At the same time, the cloud segment would manifest the fastest CAGR of 21.2% through 2026. Adoption of hybrid cloud across various end-user industries has driven the growth of the segment.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5994
North America to dominate in terms of revenue
Based on region, North America contributed to more than half of the global microservices architecture market share in 2018, and is projected to maintain its top status till 2026, owing to the presence of developed economies such as the U.S. and Canada. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 23.4% from 2019 to 2026. This is due to increase in adoption of microservices architecture in telecom applications, development of data centers, and surge in penetration rate of connected devices in this province.
Major market players –
- Software AG
- Syntel
- Oracle
- Salesforce.com.
- Tata Consultancy Services Limited
- Microsoft Corporation
- Datawire
- MuleSoft Inc.
- IBM Corporation
- CA Technologies
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/5994
Key Findings of the Study:
- Depending on component, the solutions segment dominated the global microservices architecture market in 2018, and is expected to generate highest revenue during the forecast period.
- By deployment type, the on-premise segment dominated the market in 2018, and is expected to generate highest revenue during the forecast period. However, the cloud segment is expected to witness highest growth rate in the upcoming years.
- On the basis of organization size, the large organizations segment dominated the global microservices architecture market in 2018, and is expected to remain dominant throughout the forecast period.
- In terms of industry vertical, the BFSI segment dominated the global microservices architecture market in 2018, and is expected to generate highest revenue during the forecast period.
Buy this Research Report at: https://bit.ly/3Fi7LuM
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter