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Microservices Architecture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Microservices architecture (MSA) is a method of developing software systems in which large monolithic applications are broken down into smaller manageable independent services which focuses on performing one task efficiently and communicate via language agnostic protocols. Instead of focusing all teams on one large application, smaller independent services are managed by different smaller teams which enables superior scalable systems, improved productivity, and faster development cycles. By doing so, the responsibility of the codes running under that particular individual service is given to one particular development group. The philosophy behind microservices architecture is to do one thing and do it well. Some of the key benefits of microservices architecture are, it supports consumer choice, transparency and enablement, it extends the reach of business, and most importantly it improves business’ time to market by providing technology agility. With the help of microservices architecture, important security patches can be distributed faster as it uses simpler code structures compared to monolithic applications. Microservices architecture is a digital business asset especially for service providers as it keep the services more competitive, relevant, in demand and responsive to change. Microservices architecture also provides an opportunity to enhance service offerings for different consumer audiences by supplementing or adding value to an existing service.

The increased adoption of Cloud based Software as a Service (SaaS) providers in the enterprise business functionality have increased the need to integrate multiple application providers and services to support the enterprise. As microservices function on smaller and simpler services, the increase in Cloud adoption is one of the driving factors for the microservices architecture market. Proliferation of connected devices such as wearables, smartphones, smart home appliances, tablets, drones, and fitness trackers is the key driving factor for the microservices architecture market. This is because today’s business customers expect a feature update for software applications on a much quicker iteration cycle than what traditionally existed. Microservices architecture is much more responsive to market requirements as it is an approach toward building, scaling, evolving, and deploying the individual services in the cycle. 

There are certain scenarios such as possible communication failures or network latency that need to be considered while adapting to microservices architecture. This is due to the fact that in microservices architecture, to communicate with other services, REST API (Representational State Transfer Application Program Interface) is used which gives rise to additional HTTP call overhead. However, to build the more granular services, technologies such as Internet of Things (IoT) and Virtualization presents the better opportunity for the microservices architecture market. 

The global microservices architecture market has been segmented on the basis of deployment, end-use industry, and geography. Based on deployment, the market has been divided into cloud and on premise. In terms of end-use industry, the microservices architecture market has been segregated into BFSI, government, manufacturing, IT and Telecom, retail, healthcare, energy and utilities, media, and others. As per geography, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and South America.

Some of the major players in the global microservices architecture market include Cognizant, IBM Corporation, Microsoft Corporation, Datawire, Salesforce.com., Infosys Limited, MuleSoft, INC., Software AG, IBM Corporation, and NGINX Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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