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Cloud Microservices Market Trends

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

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Cloud Microservices Market Trends

Kubernetes has become a standard for container orchestration, and its integration with microservices is gaining traction. The use of service mesh technologies like Istio or Linkerd within Kubernetes environments can provide advanced networking, observability, and security features for microservices. This trend aims to enhance the management and communication between microservices within a Kubernetes-based infrastructure.

The convergence of serverless computing and microservices architecture is also an emerging trend. Serverless microservices allow developers to focus solely on the application code, abstracting away infrastructure management. This trend could lead to increased efficiency, reduced operational overhead, and faster development cycles as organizations leverage serverless platforms to build and deploy microservices.

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.