Product Code: r5430
“Microservices Architecture Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on microservices architecture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for microservices architecture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microservices architecture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Solution; Services
- 2) By Organization Size: Large Enterprises; Small And Medium Enterprises
- 3) By Deployment Type: On-Premise; Cloud
- 4) By End-Use Industry: Banking, Financial Services And Insurance; Government; Manufacturing; IT And Telecom; Retail ; Healthcare; Energy And Utilities; Media; Other End-User Industries
- Companies Mentioned: Cognizant; International Business Machines Corporation; Microsoft Corporation; Oracle Corporation; Tata Consultancy Services Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the microservices architecture market are: Cognizant, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Tata Consultancy Services Limited, Infosys Limited, Datawire Inc., Software AG, Salesforce Inc., F5 Inc., Broadcom Inc., MuleSoft LLC, Amazon Web Services Inc., Vmware Inc., Atos Syntel, Idexcel Inc., and Atlassian Corporation PLC.
The global microservices architecture market is expected to grow from $4.44 billion in 2022 to $5.31 billion in 2023 at a compound annual growth rate (CAGR) of 19.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The microservices architecture market is expected to grow to $10.86 billion in 2027 at a CAGR of 19.6%.
The microservices architecture market includes revenues earned by entities by inventory microservice and accounting microservice. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Microservices architecture refers to an architectural design approach for creating applications by dividing the huge program into smaller and independent components with their own set of responsibilities to fulfill a single user request.
North America was the largest region in the microservices architecture market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of a microservices architecture are solutions and services. Solutions refer to the act or process of solving particular problems using a set of software programs and services in an organization. The different organizations include large enterprises and small and medium enterprises. These are deployed through on-premise, cloud and are used in banking, financial services, and insurance, government, manufacturing, IT and telecom, retail, healthcare, energy and utilities, media, and other end users.
The proliferation of connected devices is expected to propel the microservices architecture market going forward. Connected devices are physical objects that are connected wirelessly to a network (internet) with each other or systems and are capable of sending and receiving data to form communication among them, which includes smartphones, laptops, smart vehicles, and others. Microservices architecture-based solutions in connected devices help develop various software that provides seamless interaction among heterogeneous devices, protocols, and applications, increasing the ability of devices to share data from one computing environment to another. Additionally, microservices architecture provides continuous upgrades, integration, and maintenance of IoT applications in connected devices. For instance, in March 2022, according to the Cyber crew article, a UK-based company association of tech-obsessed people that works on computers, mobile phones, and gaming, around 87% of adults own smartphones, and the mobile internet penetration rate was 72% in the UK in 2020. Therefore, the proliferation of connected devices is driving the growth of the microservices architecture market.
Technological advancement is a key trend in the microservices architecture market. Major companies operating in the microservices architecture market are focused on developing innovative products such as Infosys Cortex, a customer engagement platform that works on managed artificial intelligence (AI), and analytics service for smarter and faster decision-making. For instance, in January 2021, Infosys Limited, an India-based multinational company introduced Infosys Cortex, a customer engagement platform that works on artificial intelligence (AI ) and analytics that helps businesses reimage customer care operations by providing intelligence to leverage customer communication with smarter and faster decision-making process to deliver value. This product uses a modular microservices-based architecture that helps organizations to achieve a 30 % improvement in providing customer satisfaction through intent prediction and self-service and a 40% operation optimization leveraging the Google cloud-powered Infosys data and analytics platform.
In June 2021, OwnBackup Ltd., a a US-based company operating in SaaS data protection and microservices architecture, acquired Nimmetry Inc. for an undisclosed amount. Through this acquisition, OwnBackup Ltd. aims to strengthen in product portfolio in SaaS data. Nimmetry Inc. is a a US-based company operating in the microservices architecture market.
The countries covered in the Microservices Architecture market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The microservices architecture market research report is one of a series of new reports from The Business Research Company that provides microservices architecture market statistics, including microservices architecture industry global market size, regional shares, competitors with a microservices architecture market share, detailed microservices architecture market segments, market trends and opportunities, and any further data you may need to thrive in the microservices architecture industry. This microservices architecture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Microservices Architecture Market Characteristics
3. Microservices Architecture Market Trends And Strategies
4. Microservices Architecture Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Microservices Architecture Market
- 4.2. Ukraine-Russia War Impact On Microservices Architecture Market
- 4.3. Impact Of High Inflation On Microservices Architecture Market
5. Microservices Architecture Market Size And Growth
- 5.1. Global Microservices Architecture Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Microservices Architecture Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Microservices Architecture Market Segmentation
- 6.1. Global Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solution
- Services
- 6.2. Global Microservices Architecture Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Enterprises
- Small And Medium Enterprises
- 6.3. Global Microservices Architecture Market, Segmentation By Deployment Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premise
- Cloud
- 6.4. Global Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services And Insurance
- Government
- Manufacturing
- IT And Telecom
- Retail
- Healthcare
- Energy And Utilities
- Media
- Other End-User Industries
7. Microservices Architecture Market Regional And Country Analysis
- 7.1. Global Microservices Architecture Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Microservices Architecture Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Microservices Architecture Market
- 8.1. Asia-Pacific Microservices Architecture Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Microservices Architecture Market
- 9.1. China Microservices Architecture Market Overview
- 9.2. China Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Microservices Architecture Market
- 10.1. India Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Microservices Architecture Market
- 11.1. Japan Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Microservices Architecture Market
- 12.1. Australia Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Microservices Architecture Market
- 13.1. Indonesia Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Microservices Architecture Market
- 14.1. South Korea Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Microservices Architecture Market
- 15.1. Western Europe Microservices Architecture Market Overview
- 15.2. Western Europe Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Microservices Architecture Market
- 16.1. UK Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Microservices Architecture Market
- 17.1. Germany Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Microservices Architecture Market
- 18.1. France Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Microservices Architecture Market
- 19.1. Eastern Europe Microservices Architecture Market Overview
- 19.2. Eastern Europe Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Microservices Architecture Market
- 20.1. Russia Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Microservices Architecture Market
- 21.1. North America Microservices Architecture Market Overview
- 21.2. North America Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Microservices Architecture Market
- 22.1. USA Microservices Architecture Market Overview
- 22.2. USA Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Microservices Architecture Market
- 23.1. South America Microservices Architecture Market Overview
- 23.2. South America Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Microservices Architecture Market
- 24.1. Brazil Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Microservices Architecture Market
- 25.1. Middle East Microservices Architecture Market Overview
- 25.2. Middle East Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Microservices Architecture Market
- 26.1. Africa Microservices Architecture Market Overview
- 26.2. Africa Microservices Architecture Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Microservices Architecture Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Microservices Architecture Market Competitive Landscape And Company Profiles
- 27.1. Microservices Architecture Market Competitive Landscape
- 27.2. Microservices Architecture Market Company Profiles
- 27.2.1. Cognizant
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. International Business Machines Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Microsoft Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Oracle Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Tata Consultancy Services Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Microservices Architecture Market
29. Microservices Architecture Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer