HOME Top Market Reports Cloud Microservices Market by Component (Platform and Services), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and SMEs), Vertical, and Region - Global Forecast to 2023

Cloud Microservices Market by Component (Platform and Services), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and SMEs), Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: TC 6352

 

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The global cloud microservices market size was USD 589.0 Million in 2017 and is projected to reach USD 1,880.0 Million by 2023, growing at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018–2023.

The cloud microservices market report aims at estimating the market size and potential of the market across segments, such as component (platform and services), deployment mode, organization size, vertical, and region. The primary objectives of the report are to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the market’s growth, analyze the market opportunities for the stakeholders, and offer details of the competitive landscape to the market leaders.

The research methodology used to estimate and forecast the cloud microservices market began with capturing data about the revenues of key vendors through secondary sources, such as annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. This research study involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Other than these sources, analyses and releases from industry trade associations, such as EU GDPR Portal and government regulatory bodies, were considered during the research process. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of the key market players. After arriving at the overall market size, the market was split into several segments and subsegments that were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary participants is depicted in the figure below:

Cloud Microservices Market

To know about the assumptions considered for the study, download the pdf brochure

The cloud microservices market players include AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US), Infosys (India), Kontena (Finland), Macaw Software (US), Marlabs (US), Microsoft (US), Netifi (US), NGINX (US), OpenLegacy (US), Oracle (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), Salesforce (US), SmartBear Software (US), Software AG (Germany), Syntel (US), TCS (India), Unifyed (US), and Weaveworks (UK).

Key Target Audience

  • Cloud microservices platform and solution vendors
  • Cloud services providers
  • Cloud microservices providers
  • Application developers
  • Container services providers
  • System integrators
  • Third-party vendors
  • Cloud microservices end-users
  • Government agencies and organizations
  • Regulatory and compliance agencies
  • DevOps services providers

Scope of the Report

The research report categorizes the cloud microservices market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component

  • Platform
  • Services
    • Consulting Services
    • Integration Services
    • Training, Support and Maintenance Services

By Deployment Mode

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Industry Vertical

  • Retail and eCommerce
  • Healthcare
  • Media and Entertainment
  • BFSI
  • IT and ITES
  • Government
  • Transportation and Logistics
  • Manufacturing
  • Telecommunication
  • Others (Energy and Utilities, Travel and Hospitality, and Education)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • Product matrix provides detailed product information and comparisons

Geographic Analysis

  • Further breakdown of the North American cloud microservices market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Cloud Microservices Market
    4.2 Market Share of Top 3 Verticals and Regions
    4.3 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Digital Transformations
                    5.2.1.2 Proliferation of the Microservices Architecture
                    5.2.1.3 Customer-Oriented Business
           5.2.2 Restraints
                    5.2.2.1 Security and Compliance
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of Cloud-Based Applications
                    5.2.3.2 Emergence of IoT Applications
           5.2.4 Challenges
                    5.2.4.1 Organizational Challenges While Implementing Microservices
    5.3 Strategic Benchmarking
    5.4 Use Cases
           5.4.1 Use Case 1: AWS
           5.4.2 Use Case 2: NGINX
           5.4.3 Use Case 3: Mulesoft

6 Cloud Microservices Market, By Component (Page No. - 39)
    6.1 Introduction
    6.2 Platform
    6.3 Services
           6.3.1 Consulting Services
           6.3.2 Integration Services
           6.3.3 Training, Support, and Maintenance Services

7 Market By Organization Size (Page No. - 46)
    7.1 Introduction
    7.2 Large Enterprises
    7.3 Small and Medium-Sized Enterprises

8 Cloud Microservices Market, By Deployment Mode (Page No. - 50)
    8.1 Introduction
    8.2 Public Cloud
    8.3 Private Cloud
    8.4 Hybrid Cloud

9 Market By Vertical (Page No. - 54)
    9.1 Introduction
    9.2 Retail and Ecommerce
    9.3 Healthcare
    9.4 Media and Entertainment
    9.5 Banking, Financial Services, and Insurance
    9.6 IT and ITes
    9.7 Government
    9.8 Transportation and Logistics
    9.9 Manufacturing
    9.10 Telecommunication
    9.11 Others

10 Cloud Microservices Market, By Region (Page No. - 64)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 84)
     11.1 Overview
     11.2 Key Players Operating in the Cloud Microservices Market
     11.3 Competitive Scenario
             11.3.1 Partnerships, Agreements, and Collaborations
             11.3.2 New Product/Service Launches and Product Upgradations
             11.3.3 Mergers and Acquisitions
             11.3.4 Business Expansions

12 Company Profiles (Page No. - 90)
(Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Introduction
     12.2 AWS
     12.3 CA Technologies
     12.4 IBM
     12.5 Microsoft
     12.6 Salesforce
     12.7 Infosys
     12.8 NGINX
     12.9 Oracle
     12.10 Pivotal Software
     12.11 Syntel
     12.12 SmartBear Software
     12.13 Marlabs
     12.14 RapidValue Solutions
     12.15 Kontena
     12.16 Macaw Software
     12.17 Unifyed
     12.18 RoboMQ
     12.19 Idexcel
     12.20 Weaveworks
     12.21 Contino
     12.22 OpenLegacy
     12.23 CoScale
     12.24 Software AG
     12.25 Netifi
     12.26 TCS

*Details on Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 133)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (60 Tables)

Table 1 Cloud Microservices Market Size, By Component, 2016–2023 (USD Million)
Table 2 Platform: Market Size By Region, 2016–2023 (USD Million)
Table 3 Services: Market Size By Region, 2016–2023 (USD Million)
Table 4 Services: Market Size By Type, 2016–2023 (USD Million)
Table 5 Consulting Services Market Size, By Region, 2016–2023 (USD Million)
Table 6 Integration Services Market Size, By Region, 2016–2023 (USD Million)
Table 7 Training, Support, and Maintenance Services Market Size, By Region,  2016–2023 (USD Million)
Table 8 Cloud Microservices Market Size, By Organization Size, 2016–2023 (USD Million)
Table 9 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 10 Small and Medium-Sized Enterprises: Market Size  By Region, 2016–2023 (USD Million)
Table 11 Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 12 Public Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 13 Private Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 14 Hybrid Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 15 Cloud Microservices Market Size, By Vertical, 2016–2023 (USD Million)
Table 16 Retail and Ecommerce: Market Size, By Region,  2016–2023 (USD Million)
Table 17 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 18 Media and Entertainment: Market Size By Region,  2016–2023 (USD Million)
Table 19 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 20 IT and ITes: Market Size By Region, 2016–2023 (USD Million)
Table 21 Government: Market Size By Region, 2016–2023 (USD Million)
Table 22 Transportation and Logistics: Market Size By Region, 2016–2023 (USD Million)
Table 23 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 24 Telecommunication: Market Size By Region,  2016–2023 (USD Million)
Table 25 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 26 Cloud Microservices Market Size, By Region, 2016–2023 (USD Million)
Table 27 North America: Market Size By Component,  2016–2023 (USD Million)
Table 28 North America: Market Size By Service, 2016–2023 (USD Million)
Table 29 North America: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 30 North America: Market Size By Organization Size,  2016–2023 (USD Million)
Table 31 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 32 North America: Market Size By Country, 2016–2023 (USD Million)
Table 33 Europe: Cloud Microservices Market Size, By Component, 2016–2023 (USD Million)
Table 34 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 35 Europe: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 36 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 38 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 39 Asia Pacific: Cloud Microservices Market Size, By Component, 2016–2023 (USD Million)
Table 40 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 41 Asia Pacific: Market Size By Deployment Mode,  2016–2023 (USD Million)
Table 42 Asia Pacific: Market Size By Organization Size,  2016–2023 (USD Million)
Table 43 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 45 Middle East and Africa: Cloud Microservices Market Size, By Component, 2016–2023 (USD Million)
Table 46 Middle East and Africa: Market Size By Service,  2016–2023 (USD Million)
Table 47 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 48 Middle East and Africa: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 49 Middle East and Africa: Market Size By Vertical,  2016–2023 (USD Million)
Table 50 Middle East and Africa: Market Size By Country,  2016–2023 (USD Million)
Table 51 Latin America: Cloud Microservices Market Size, By Component, 2016–2023 (USD Million)
Table 52 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 53 Latin America: Market Size By Deployment Mode,  2016–2023 (USD Million)
Table 54 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 55 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 56 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 57 Partnerships, Agreements, and Collaborations, 2017
Table 58 New Product/Service Launches and Product Upgradations, 2017–2018
Table 59 Mergers and Acquisitions, 2015–2018
Table 60 Business Expansions, 2016–2018
 
 
List of Figures (41 Figures)
 
Figure 1 Cloud Microservices Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Cloud Microservices Market: Assumptions
Figure 8 Market Size, 2016–2023
Figure 9 Market By Component, 2018 vs 2023
Figure 10 Market By Service, 2018 vs 2023
Figure 11 Market By Organization Size, 2018 vs 2023
Figure 12 Market By Deployment Mode, 2018 vs 2023
Figure 13 Market By Vertical, 2018 vs 2023
Figure 14 North America is Estimated to Hold the Largest Market Share in the Global Cloud Microservices Market in 2018
Figure 15 Proliferation of the Microservices Architecture is Expected to Drive the Growth of the Global Market
Figure 16 Retail and Ecommerce Vertical, and North American Region are Estimated to Have the Largest Market Shares in 2018
Figure 17 Asia Pacific is Expected to Emerge as the Best Market for Investments Over the Next 5 Years
Figure 18 Cloud Microservices Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Companies Adopted Different Strategies to Gain Competitive Advantage
Figure 20 Services Segment is Expected to Exhibit A Higher CAGR During the Forecast Period
Figure 21 Training, Support, and Maintenance Services Segment is Expected to Register the Highest CAGR During the Forecast Period
Figure 22 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Hybrid Cloud Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 IT and ITes Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 25 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Exhibit the Fastest Growth Rate During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Key Strategies Adopted By the Leading Players in the Cloud Microservices Market During 2016–2018
Figure 30 Market Evaluation Framework
Figure 31 Geographic Revenue Mix of the Top Market Players
Figure 32 AWS: Company Snapshot
Figure 33 CA Technologies: Company Snapshot
Figure 34 IBM: Company Snapshot
Figure 35 Microsoft: Company Snapshot
Figure 36 Salesforce: Company Snapshot
Figure 37 Infosys: Company Snapshot
Figure 38 Oracle: Company Snapshot
Figure 39 Syntel: Company Snapshot
Figure 40 Software AG : Company Snapshot
Figure 41 TCS: Company Snapshot

MarketsandMarkets expects the global cloud microservices market size to grow from USD 683.2 Million in 2018 to USD 1,880.0 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period. The major factors driving the market are digital transformations, proliferation of the microservices architecture, and customer-oriented business. However, security and compliance may hinder the market growth.

The objective of the report is to define, describe, and forecast the cloud microservices market size by component (platform and service), deployment mode, organization size, vertical, and region. Among components, the platform segment is expected to hold a larger market size during the forecast period, as there is an increasing need for cloud microservices architecture in every vertical for scaling functions at a very granular level that results in an efficient system optimization and organization.

Among services, the training, support, and maintenance services segment is expected to grow at the fastest rate during the forecast period. These services in the cloud microservices market enable service providers offer continuous support and training sessions to users, as and when needed, to resolve business complexities. They also support organizations by helping them gain the expertise required for operating the newly adopted solutions. Moreover, with training and support, users get a thorough idea about the systematic procedures related to the deployed solution.

Among deployment modes, the hybrid deployment type is expected to hold the largest market size by 2023. Many cloud microservices users prefer the hybrid cloud deployment type, as the hybrid cloud is an integrated service that uses both private and public cloud with an orchestration between the 2 cloud services. The hybrid cloud deployment mode offers more control, reduced risk, cost efficiency, and better performance.

Among verticals, the retail and eCommerce vertical is estimated to hold the largest market size in the cloud microservices market in 2018. With the proliferation of the online retail, retailers are adopting innovative technologies, such as cloud computing, big data analytics, digital stores, and social media networks. With the ever-increasing competition in this sector, customer experience proves to be a very vital differentiating factor among the array of online shopping options. Hence, there will be a high adoption of cloud microservices methodologies in the eCommerce and retail vertical due to its benefits, such as improved operational efficiency, simple architecture, easy deployment, accelerated time-to-market, and enhanced customer experience.

Cloud Microservices Market

North America is expected to hold the largest market size in the cloud microservices market during the forecast period. The region is expected to dominate the overall market and is considered as the most advanced region in terms of technology adoption. This is mainly due to the presence of developed economies, the US and Canada, and their focus on innovations obtained from R&D and technology. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, mainly due to the increasing pressure to achieve greater business agility, improve operational efficiency, and reduce cost. There is a huge market potential for enterprises in APAC. This potential can be leveraged to create better business opportunities.

Major vendors in the cloud microservices market include AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US), Infosys (India), Kontena (Finland), Macaw Software (US), Marlabs (US), Microsoft (US), Netifi (US), NGINX (US), OpenLegacy (US), Oracle (US), Pivotal Software (US), RapidValue Solutions (US), RoboMQ (US), Salesforce (US), SmartBear Software (US), Software AG (Germany), Syntel (US), TCS (India), Unifyed (US), and Weaveworks (UK).

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