The global microservices in healthcare market is projected to reach USD 343.3 million by 2023 from the estimated USD 130.7 million in 2018, at a CAGR of 21.3%. The benefits of microservice architecture, such as their ability to increase overall efficiency and project delivery speed, are the primary factor driving the market growth. However, concerns regarding security and regulatory compliance and the complexity of architecture are expected to hinder the growth of this market.
Most key players adopted product/service launch and enhancements as their primary growth strategy between 2015 and 2018. The microservices in healthcare market is marked by the presence of several big and small players. Prominent players offering microservices in healthcare products include AWS (US), CA Technologies (US), Microsoft (US), Salesforce (US), Pivotal Software, Inc. (US), Infosys (India), IBM (US), NGINX Inc. (US), Oracle (US), and Syntel (US).
AWS is one of the leading providers of cloud computing technologies. Since its inception in 2006, the company has focused on delivering the most advanced technology solutions and services to its customers. It provides highly reliable infrastructure with low variable costs that scale with end users’ business requirements. AWS has been strategically focusing on expanding its market reach by using various organic and inorganic strategies. In November 2017, AWS announced the launch of Amazon EKS and AWS Fargate. These offerings complement Amazon ECS and help end users deploy, manage, and scale container workloads on AWS. Furthermore, in December 2017, AWS announced the launch of the AWS EU (Paris) region. This expansion would help customers to run applications and store their content in data centers in France. The company has a strong foothold in the Americas, EMEA, and APAC. It has also been focusing on expanding its foothold in the emerging markets by making its products available to regional distributors, channel partners, resellers, service partners, and technology partners. AWS offers a strong support service through its dense network of technology partners. The company leverages its internal R&D budget to cater to the needs of a wide class of enterprises by deploying highly innovative and customized solutions and services. The major focus of AWS has been on organic strategies, such as new product launches, product upgradations, and business expansions. It releases product upgrades frequently to stay competitive in the market by serving the dynamic needs of its customers. It also consistently develops new products to gain a competitive edge over other major players in the market.
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Microsoft is one of the leading providers of microservices. The company caters to the microservices market through the Azure platform. The company’s Service Fabric microservices platform helps enterprises reduce their production time and enable faster application delivery with minimal CAPEX and OPEX. Microsoft focuses on strengthening its R&D efforts to reinvent business productivity, build intelligent cloud platforms, and create personal computing solutions. In June 2018, the company launched Azure Kubernetes Service (AKS) and, in April 2018, the company updated its Service Fabric 6.2. The company also provides its users with economical and convenient products that are integrated with the latest technological solutions and services. Microsoft’s strategy requires it to continuously invest in data centers and other infrastructures to support devices and services. The company invests a substantial amount of its annual revenue in R&D to offer powerful, flexible, secure, and easy-to-use solutions, which are available on devices or via the cloud. The company mainly focuses on product innovation. For instance, Azure Service for Linux, Service Fabric cluster deployments, Service Fabric support for Docker Compose, and Service Fabric on Windows Server and Linux VMs are the major product updates in the pipeline for developers and businesses. The company has a very strong partner ecosystem and distributes its offerings through service providers, distributors, original equipment manufacturers (OEMs), and cloud resellers.
Microservices in Healthcare Market by Component (Platform, Services (Consulting, Integration, Training, Support, Maintenance)), Delivery (Cloud, Hybrid, Private, On-premise), End User (Health care Provider, Payer, Life Science) - Global Forecast to 2023
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