Cloud Microservices Market Size, Share & Trends Analysis Report By Platform (Solution, Services), By Deployment (Public, Private, Hybrid), By Enterprise Size, By End-Use Industry, By Region, And Segment Forecasts, 2023 To 2030

The increasing use of mobile-based applications drives the growth of the cloud microservices market. As more and more people rely on smartphones and tablets for their daily activities, the demand for mobile apps has increased significantly. It has led to adopting of cloud microservices architecture, offering greater flexibility, scalability, and resilience for building and deploying mobile applications.

The growing recognition of DevOps among entrepreneurs is also contributing to the cloud microservices market growth. In addition, the growth of digitalization in developing economies like India and China is also driving the market's growth. As more businesses in these countries adopt digital technologies to streamline their operations, they also turn to a cloud microservices architecture to build and deploy their software applications.

Moreover, the penetration of microservices architecture, customer-oriented business, and digital transformation is also contributing to the cloud microservices market growth. Many businesses recognize the benefits of breaking down monolithic applications into smaller, more manageable microservices. This approach allows them to build more flexible and scalable applications that can better meet the needs of their customers.

Furthermore, the growing adoption of cloud computing drives the cloud microservices market. As more businesses move their operations to the cloud, they seek ways to optimize their cloud-based infrastructure. Cloud microservices offer a highly scalable and flexible architecture to help businesses better manage their cloud-based applications and services.

North America is expected to be a significant market for cloud microservices due to the growing adoption of advanced technologies and the increasing demand for cloud-based applications in the region. In addition, the region's highly developed IT infrastructure and the increasing adoption of cloud computing technologies also contribute to the market's growth. Many businesses in North America are turning to cloud microservices to build and deploy scalable and flexible applications that can handle the growing volume of data generated by their operations.

Various initiatives undertaken by several private and public organizations associated with cloud microservices are also anticipated to accelerate market expansion. For instance, in March 2021, LeanIX announced the launch of Microservice Intelligence. Microservice Intelligence develops a microservices catalog that connects with DevOps toolchains, enabling complete visibility into all cloud-native apps, possessions, and connections. Microservice Intelligence identifies and integrates metadata from various toolchains, pipelines, and Kubernetes clusters to classify an organization's microservice environment seamlessly. It provides engineering executives with a 360-degree view to assist them in developing transparency across all microservices and their dependencies.

Cloud Microservices Market Segmentation

• By Platform

  • Solution

  • Services

    • Consulting services

    • Integration services

    • Training, Support and Maintained Services

• By Deployment

  • Public

  • Private

  • Hybrid

• By Enterprise Size

  • Large Size Enterprise

  • Small and Medium Sized Enterprise (SMEs)

• By End-Use Industry

  • IT and Telecommunication

  • BFSI

  • Government

  • Healthcare

  • Retail and e-Commerce

  • Media and Entertainment

  • Transportation and Logistics

  • Manufacturing

  • Others

• Key players

  • Amazon Web Services, Inc.

  • Atos SE

  • Broadcom

  • Idexcel Inc.

  • Infosys Limited

  • IBM Corporation

  • Oracle

  • Salesforce, Inc.

  • Tata Consultancy Services Limited

  • Macaw Software Inc.

  • Marlabs

  • SmartBear Software