Cloud Native Applications Market

The global market for cloud native applications will increase at a Compound Annual Growth Rate (CAGR) of 23.7% over the course of the forecast period, from USD 5.9 billion in 2023 to USD 17.0 billion by 2028.

The cloud native applications market is poised for substantial growth in the coming years, driven by several key factors:

• Digital Transformation Initiatives
• Demand for Scalability and Flexibility
• Cost Efficiency
• Containerization and Microservices Adoption
• Innovation and Competitive Advantage

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Digital Transformation Initiatives:

Increasing adoption of cloud-native applications is fueled by organizations' efforts to undergo digital transformation. Cloud-native architectures enable agility, scalability, and innovation, aligning with businesses' goals to modernize IT infrastructure and processes.

Demand for Scalability and Flexibility:

Cloud-native applications offer scalability and flexibility, allowing businesses to easily scale resources up or down based on demand. This elasticity is particularly valuable for industries with fluctuating workloads or rapid growth.

Cost Efficiency:

Cloud-native architectures typically follow a pay-as-you-go model, enabling businesses to reduce capital expenditures on hardware and infrastructure. The shift from upfront costs to operational expenses contributes to cost savings and improved financial efficiency.

Containerization and Microservices Adoption:

Containerization technologies like Docker and orchestration platforms like Kubernetes facilitate the development, deployment, and management of cloud-native applications. Microservices architecture allows for greater modularity, agility, and resilience, driving the adoption of cloud-native approaches.

Innovation and Competitive Advantage:

Cloud-native applications enable faster time-to-market for new products and services, fostering innovation and providing a competitive edge in rapidly evolving markets. Organizations leveraging cloud-native technologies can innovate more quickly, respond to customer needs faster, and stay ahead of the competition.

Cloud Native Applications Market Share - Global Industry Landscape

The cloud native applications market is characterized by the presence of several key players competing for market share. Some of the leading companies in the cloud native applications industry include:

• IBM (US)
• Oracle (US)
• SAP (Germany)
• Alibaba Cloud (Singapore)
• Infosys (India)

These cloud native applications companies have adopted various organic as well as inorganic growth strategies, such as partnerships, acquisitions, agreements, and collaborations, and new product enhancements to expand their presence in the Cloud native applications.

IBM (US):

• Market Share: IBM holds a significant market share in the Cloud Native Applications market, leveraging its extensive experience in enterprise computing and cloud services.
• Key Offerings: IBM offers cloud-native solutions such as IBM Cloud Pak for Applications, which provides a comprehensive platform for building, deploying, and managing cloud-native applications. It also offers Kubernetes-based services and tools for container orchestration and management.

Oracle (US):

• Market Share: Oracle is a notable player in the Cloud Native Applications market, leveraging its strong presence in enterprise software and cloud services.
• Key Offerings: Oracle Cloud Native Services include Oracle Cloud Infrastructure (OCI), which provides a platform for running cloud-native applications with support for Kubernetes-based container orchestration. Oracle also offers developer tools and services for building and deploying cloud-native applications.

SAP (Germany):

• Market Share: SAP is a significant player in the Cloud Native Applications market, leveraging its expertise in enterprise software and cloud solutions.
• Key Offerings: SAP Cloud Platform (SCP) offers a range of cloud-native services and tools for building, deploying, and managing cloud-native applications. SAP also provides industry-specific cloud solutions and integration services for seamless adoption of cloud-native architectures.

Alibaba Cloud (Singapore):

• Market Share: Alibaba Cloud is a major player in the Cloud Native Applications market, particularly in the Asia-Pacific region, where it is a leading cloud service provider.
• Key Offerings: Alibaba Cloud offers a range of cloud-native services, including Alibaba Cloud Container Service for Kubernetes (ACK) and Function Compute for serverless computing. It also provides developer tools and solutions for building and deploying cloud-native applications.

Infosys (India):

• Market Share: Infosys is a prominent player in the Cloud Native Applications market, offering a range of cloud consulting and implementation services.
• Key Offerings: Infosys Cobalt is a comprehensive set of cloud-native services and platforms designed to accelerate cloud adoption and digital transformation. Infosys also provides migration services, application development, and integration solutions for cloud-native architectures.

Related Reports:

Cloud Native Applications Market by Component (Platforms and Services), Deployment Mode, Organization Size, Vertical (BFSI, Healthcare & Life Sciences, and IT & Telecom) and Region - Global Forecast to 2028