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Cloud Microservices Market: Advancements, Key Players, Strategies to Boost Industry Growth 2023 | MRFR

According to Market Research Future, the global cloud microservices market is segmented into solution, service, deployment, verticals, and region.

Cloud microservices are different layers of microservices architecture that provide a benefit of combining the individual services in a single application. Microservices software architecture developers have the freedom to use the new and legacy applications. The different platforms make it easier to increase the business efficiency and reduce the operational cost.

By component, the market is divided into platform and services. Services is further classified into consulting and integration services, maintenance and support services. By company size, the market is divided into large enterprise, small, medium sized enterprises. Among these small and medium enterprises are expected to dominate the market of cloud microservices as these enterprises have minimal budget than large enterprises. They try to minimize the operational, and IT asset cost by deploying their business process on the cloud and bifurcating those services into microservices.

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By deployment, market is segmented in between public, private and hybrid cloud. Private cloud offers scalability and user self – service benefits as of public clouds. It also provides a provision to arrange virtual machines on demand. However, the market of hybrid cloud is expected to grow at a fast pace during forecast period. By vertical, the market is segmented into retail and e-commerce, healthcare, media & entertainment, BFSI, IT & telecommunication, government, transportation and logistics, and manufacturing. Among these verticals, the BFSI is experiencing a greater demand for cloud microservices market. As the verticals is experiencing a larger customer base, and internet usage, enterprises are feeling the need for dissecting the process into microservices. Moreover, the pay-as-you-go pricing and deployment model in private cloud are expected to fuel the growth of the market.

Based on region, the cloud microservices market is represent into North America, Asia-Pacific, Europe, and rest of the world.

Key Players

The top players in the cloud microservices market can be identified across all the top regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Amazon Web Services (US), CA Technologies, IBM Corporation (US), Microsoft Corporation (US), Salesforce.com Inc (US), Infosys Limited (India), Oracle Corporation (US), Syntel (US), SmartBear Software (US), and Software AG (Germany). These players contribute a main proportion into market growth.

Apart from the top players, the other players contribute 30–35 % in the cloud microservices market. These include Contino (UK), Idexcel (US), CoScale (Belgium), Kontena (Finland)Marlabs (US), Macaw (US), OpenLegacy (US), Netifi (US), NGINX (US), RoboMQ (US), Pivotal Software (US), RapidValue Solutions (US), TCS (India), Unifyed (US), Weaveworks (UK) and others.

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Regional Analysis

The market for cloud microservices is estimated to grow at a significant rate during the forecast period from 2018 to 2023.

Among the regions mentioned above, North America is expected to be the leading region in the cloud microservices market. This growth can be attributed owing to the increasing demand of low-cost cloud infrastructure development and growing use of software services among small and medium enterprises. Moreover, owing to the presence of various major players operating in this market in the US and Canada contribute to the growth of this market.

Visit more @ https://www.openpr.com/news/1544260/Cloud-microservices-Market-Size-Share-Industry-Analysis-Top-Key-Players-Amazon-Web-Services-CA-Technologies-IBM-Microsoft-Salesforce-Infosys-Oracle-Syntel-Global-Forecast-2023.html

About Market Research Future:

At Market Research Future (MRFR), we unravel the complexity of various industries through Half-Cooked Research Reports (HCRR), Cooked Research Report (CRR),  Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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