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Global Cloud Microservices Market: Overview

Microservices architecture has paved way to new approaches in application programming interfaces (API), which allows setting a more agile development in delivering services to clients. The architecture based on microservices is a new way to creating next-generation cloud infrastructures. These house applications that are composed of autonomous units, thereby imparting increased agility, especially in software development process. The drive for API-first approach for cloud-native app development for client applications and services has been offering increasing momentum to the rising popularity of cloud microservices, especially among start-up enterprises. Cloud-native applications increasingly benefit from microservices.

World over, there has been constant generational shift in IT patterns in the way digital services are created and consumed. This has propelled the need for services that should be scalable, upgradeable, deployable, and should incur optimal costs. Cloud microservices enable developers to build cloud-native applications that are proactive toward service failures, leading to an agile environment. Some of the key end-use industries are the IT and IT-enabled services, retail, media and entertainment, and healthcare.

The study tracks key technological shifts and end-user trends that may attract next wave of investments. The various insights and estimations help industry stakeholders and market participants get clear view of the evolution trajectories of the cloud microservices market over the next few years.

Global Cloud Microservices Market: Trends and Opportunities

Rapid strides made in digital transformations by organizations and the relevance of cloud-native applications in these services are key trends propelling the steady expansion of the cloud microservices market. The rising shift from legacy monolithic apps to API-first approach is a crucial aspect reinforcing the demand for cloud microservices. The rising need for flexibility in building and deploying business applications is a key factor bolstering the demand for microservices architecture. This stems from the need to create innovative ways of engaging customers.

A host of benefits account for the popularity of cloud microservices: faster release of software, faster time to market (TTM), the freedom to deploy service applications via APIs, and easy integration with third party services. Additionally, the popularity of cloud microservices architecture is also stoked by their unique characteristics of the ability to scale services to meet growing demand in services. The need for managing the rising complexity in software development processes is also bolstering the demand or cloud microservices. However, concerns of security and compliance are expected to emerge as potential challenges upsetting the steady demand for cloud microservices. Nevertheless, emergence of internet of things (IoT) applications is expected to throw a window of opportunities in the market. Furthermore, the rising demand or customer-oriented businesses is also expected to create lucrative prospects.

Global Cloud Microservices Market: Regional Outlook  

The study presents detailed assessment of various regional dynamics and the trends that will give rise to new avenues in key regions. Of the various key regions, developed regions are expected to be contributing substantial revenues in the global cloud microservices market. This is attributed to the rising adoption of microservices approach in developing advanced business applications. On the other hand, developing regions are expected to be promising markets. For instance, the demand for cloud microservices in Asia Pacific is expected to expand at promising pace over the next few years.

Key Players Mentioned in the Report

The study presents a critical evaluation of the competitive landscape in various regions. To this end, it takes a closer look at recent strategic moves adopted by various players to gain a better hold over the cloud microservices market. Some of the prominent players operating in the global cloud microservices market could be OpenLegacy, Microsoft, Marlabs, Macaw, CoScale, Contino, Kontena, CA Technologies, Idexcel, and IBM

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Cloud Microservices Market

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