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Cloud Microservices Market Analysis

Report ID: GMI6496
Published Date: Aug 2023
Report Format: PDF

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Cloud Microservices Market Analysis

Cloud Microservices Market Size, By Enterprise Size, 2022 – 2032, (USD Billion)

Based on the enterprise size, the large enterprises segment held over 68% of the market share in 2023. Cloud microservices are finding widespread application in large enterprises due to their ability to enhance agility, scalability, and innovation. By breaking down applications into modular components, these organizations can achieve faster development cycles, respond quickly to market demands, and efficiently scale specific parts of their systems.

For instance, Amazon Web Services (AWS) and Microsoft Azure offer comprehensive microservices solutions that empower enterprises to modernize their applications. The flexibility and potential cost savings of cloud microservices align with the complex and evolving needs of large-scale enterprises, driving their increased adoption.

Cloud Microservices Market Share, By End-User, 2023

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Based on end-user, the IT & telecommunication segment accounted for 24% of the cloud microservices market share in 2023. The IT & Telecom industry is increasingly adopting cloud microservices to enhance its agility, innovation, and service delivery. Microservices allow for rapid development and deployment of applications, enabling companies to introduce new features and services quickly. For example, telecommunications providers can efficiently roll out new network features to meet changing connectivity demands.

Additionally, microservices facilitate seamless integration with other cloud-based technologies, improving overall operational efficiency. The industry's need to swiftly adapt to evolving customer needs and technological advancements is driving the robust adoption of cloud microservices.

U.S. Cloud Microservices Market Size, 2022 -2032, (USD Million)

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The North America cloud microservices market was over 33% of the revenue share in 2023. The region's advanced IT infrastructure and tech-savvy culture drive the adoption of innovative solutions like microservices. Additionally, the dynamic nature of industries such as e-commerce, finance, and healthcare demand agile and scalable applications, making cloud microservices a natural fit. The presence of major cloud service providers like AWS, Microsoft Azure, and Google Cloud also accelerates adoption.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud microservices reached USD 1.4 billion in 2023 and is set to observe over 20% CAGR between 2023 and 2032, owing to faster development cycles and continuous deployment, along with improved resource utilization and overall application performance.

The large enterprises segment held a market share of over 68% in 2023 and will grow as cloud microservices find widespread application in large enterprises due to their ability to enhance agility, scalability, and innovation.

North America market share was over 33% in 2023, attributed to the region's advanced IT infrastructure and tech-savvy culture that drive the adoption of innovative solutions like microservices.

Amazon Web Services, Inc., Atos SE, Broadcom, Idexcel Inc., Infosys Limited, IBM Corporation, Oracle, Salesforce, Inc., Tata Consultancy Services Limited.