Global Cloud Microservice Platform Market by Type (Public Cloud, Private Cloud, Hybrid Cloud), By Application (Retail and eCommerce, Healthcare, Media and Entertainment, BFSI, IT and ITES, Government) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cloud microservice platform market is expected to grow from USD 2.02 Billion in 2018 to USD 10.48 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 27.5% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based services and growing need for agility and flexibility in business operations. Based on type, the public cloud segment is expected to hold the largest share of the global cloud microservice platform market in 2018. The public cloud segment is mainly driven by factors such as low cost and easy accessibility compared with private clouds, and growing demand for IaaS offerings from small and medium-sized businesses (SMBs). However, private clouds are projected to grow at a higher CAGR during the forecast period as they offer more security features than public clouds along with other benefits such as better performance, control over data location, customized environment according to specific needs or requirements of an organization etc.



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Product Definition:

Cloud microservice platforms provide a way for organizations to develop, deploy, and manage microservices architectures.

Public Cloud:

Public cloud is a group of services that are provided by the providers to the customers over the internet. The major difference between private and public cloud is that in a private cloud, data and applications are hosted on an internal server whereas in public clouds they are hosted on an external server. In addition, there is no restriction for using any application or software as compared to its counterpart as all information will be available publicly.

Private Cloud:

Private cloud is a type of cloud computing that offers more control and scalability than public clouds. Private clouds are usually managed by a company or an organization in partnership with the service provider. The private cloud enables companies to utilize resources such as storage, processing power, memory and bandwidth on-demand without having to rely on third-party providers for maintenance & security or physical infrastructure.

Application Insights:

The retail and eCommerce segment accounted for the largest revenue share in 2017. The growth can be attributed to the increasing penetration of smartphones, which has led to an increase in demand for applications that enable users to manage their business efficiently. Cloud microservice platform helps retailers improve customer experience by improving website performance, enhancing security of data, and reducing costs.

The healthcare segment is expected register a significant CAGR over the forecast period owing to factors such as increased use of mobile devices (smartphones and tablets), technological advancements such as digitization of medical records & images, growing awareness about preventable diseases among consumers & patients worldwide through social media campaigns run by public-private partnerships known as ¢â‚¬Å“WELLness Warriors¢â‚¬ globally.

Regional Analysis:

North America is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in cloud infrastructure and rising adoption of DevOps practices across various industries. Moreover, presence of prominent players such as Amazon Web Services, Inc.; IBM Corporation; Google LLC; Microsoft Corporation; and Cisco Systems, Inc., has fueled the growth in this region.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand for digital services from developing countries such as India and China.

The media and entertainment industry is one of the most impacted sectors by COVID 19 because it involves a large number of people working across different locations globally who need reliable communication tools for collaboration purposes thereby driving demand for microservices platform solutions within this sector.

Growth Factors:

Increased demand for cloud-based services and applications: The widespread adoption of cloud technology by businesses of all sizes is the primary growth driver for the Cloud Microservice Platform market. Cloud-based services offer several benefits such as scalability, flexibility, and cost-effectiveness, which has led to their increasing popularity among organizations. This is expected to result in a high demand for Cloud Microservice Platforms in the coming years.
Rapid proliferation of IoT devices: The number of Internet-connected devices (IoT) is growing at a rapid pace and is expected to reach around 20 billion by 2020. This will create a massive need for microservices that can manage and process data from these devices in real time. This will drive the growth of the Cloud Microservice Platform market in the coming years.
Emergence of big data analytics: Big data analytics has emerged as one of the most important technologies today due to its ability to help organizations make better decisions by analyzing large amounts of data quickly and effectively. Big data analytics requires sophisticated microservices that can handle huge volumes of data quickly and efficiently without any performance issues or delays caused by network congestion or latency issues associated with traditional on premise solutions deployed within an organization’s premises infrastructure .This will lead to increased demand for cloud-based microservices, which will benefit the overallCloudMicroservicePlatformmarketin themarketplaceinyearsahead 4 Emerging DevOps culture :TheDevOpscultureisemerging


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Microservice Platform Market Research Report
By Type
Public Cloud, Private Cloud, Hybrid Cloud
By Application
Retail and eCommerce, Healthcare, Media and Entertainment, BFSI, IT and ITES, Government
By Companies
AWS, IBM, Kontena, Macaw Software, Marlabs, Pivotal Software, RoboMQ, Unifyed, Broadcom, Oracle, Salesforce, Microsoft, Infosys
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.

Global Cloud Microservice Platform Market Report Segments:
The global Cloud Microservice Platform market is segmented on the basis of:
Types
Public Cloud, Private Cloud, Hybrid Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail and eCommerce, Healthcare, Media and Entertainment, BFSI, IT and ITES, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
AWS
IBM
Kontena
Macaw Software
Marlabs
Pivotal Software
RoboMQ
Unifyed
Broadcom
Oracle
Salesforce
Microsoft
Infosys



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Highlights of The Cloud Microservice Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Public Cloud
Private Cloud
Hybrid Cloud
By Application:
Retail and eCommerce
Healthcare
Media and Entertainment
BFSI
IT and ITES
Government
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cloud Microservice Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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