Cloud microservices is an approach to application development in which a large application is built as a suite of modular components or services over the cloud. These modular components or services run independently, and have an individual process, and communicate with other processes to achieve a whole business process objective. These microservices applications are built through Hypertext Transfer Protocol/ Representational State Transfer (HTTP/REST) language and communicate via Application Programming Interfaces (APIs). 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 traditional and emerging market players include AWS (US), CA Technologies (US), Contino (UK), CoScale (Belgium), IBM (US), Idexcel (US), Infosys (India), Kontena (Finland), Macaw Software (US), Marlabs Software (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). These players have adopted various growth strategies, such as partnerships, collaborations, agreements, acquisitions, and New Product Launches, to Achieve Further Growth in the Global Cloud Microservices Market.
CA Technologies is a leader in the cloud microservices market. The company has adopted a balanced growth strategy that includes developing new and innovative enterprise solutions, forming partnerships and collaborations, undertaking mergers and acquisitions, and conducting business expansions. For instance, in November 2017, CA Technologies announced enhancements to its DevOps portfolio by introducing new releases in the Continuous Delivery portfolio and CA Digital Experience Monitoring.
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Salesforce is a pioneering vendor of cloud microservices. The company majorly focuses on R&D activities to develop innovative products and solutions. In May 2018, Salesforce has acquired MuleSoft, one of the leading platform providers for building application networks. Through the acquisition of MuleSoft, Salesforce aims to seize opportunities in the digital transformation era. Moreover, this acquisition has helped Salesforce expand its leadership position in delivering best-in-class cloud microservices to customers globally.
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
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