Cloud Micro-services Market |
Posted: August 19, 2018 |
Cloud Micro-services Market is expected to propel US$ XX Mn by 2026 with a CAGR of XX% in the forecasting period 2018-2026. Microservices, or micro-service architecture, is a special approach for application development where a large application is built acting as a suite for the modular components or services. A few key factors driving the cloud microservices market are digital conversions, propagation of the microservices architecture, and customer-oriented business. However, it is the security and compliance that may act as restraints for the market growth. Microservices forms an architectural approach for creating cloud applications, where application are being as a set of services. Here all the service runs in its own procedures and communicates using application programming interfaces. The retail and eCommerce vertical is projected to hold the largest market size for 2017, with factors such as propagation of the online retail, innovative technologies being adopted by retailers, like digital stores, cloud computing, big data analytics, and social media networks that have acted as some of the major drivers for the overall market growth. There will be a high adoption of related cloud microservices methodologies within the eCommerce and retail vertical because of increase in population as well. The Cloud Microservices market is segmented by organization size, deployment mode, component, vertical, and geography. Among deployment modes considered under the scope of report, the hybrid deployment type will likely hold the largest market share. The hybrid cloud deployment type is preferred as it is an integrated service that using both private and public cloud, offering reduced risk, cost efficiency, more control, and better performance. By geography, the Cloud Microservices market can be segmented into North America, Europe, Asia Pacific, Middle East, and Latin America. 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 as it forms one of the early adopters of new technology. The US and Canada, focus on innovations obtained from R&D and technology have further boosted the overall market growth for cloud microservices market. The key players of Cloud Microservices market include CA Technologies (US), CoScale (Belgium), Contino (UK), IBM (US), and AWS (US). <a href="https://www.maximizemarketresearch.com/">market research company</a>
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