What Has Driven the Growth of the Microservices Architecture Market in Recent Years?
The microservices architecture market has seen considerable growth due to a variety of factors.
• In recent times, there has been a swift expansion in the market size of the microservices architecture. The market is projected to escalate from $6.27 billion in 2024 to approximately $7.45 billion in the year 2025, boasting a compound annual growth rate (CAGR) of 18.8%.
The considerable increase during the historical phase can be traced back to the proliferation of cloud computing, digital transformation, adoption of DevOps culture, the need for scalability, and mounting concerns about data security.
What is the Forecasted Market Size and CAGR for the Microservices Architecture Market?
The microservices architecture market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of microservices architecture is projected to witness stark expansion in the upcoming years, with estimations pointing towards a value of $15.97 billion by 2029, at a compound annual growth rate (CAGR) of 21.0%.
The increase in the predicted period is associated with rising incorporation of serverless architecture, integration with IoT (Internet of things), improved security procedures, emphasis on sustainability, and the presence of microservices architecture. Key trends expected within this forecast timeline comprise AI-driven DevOps, the use of an event-driven framework, continuous integration, a shift towards micro frontends, and better hybrid cloud management.
What Are The Core Factors Supporting Growth In Microservices Architecture Market?
The surge of interconnected gadgets is predicted to drive the growth of the microservices architecture market. Connected devices, such as smartphones, laptops, smart vehicles, and others, are tangible objects wirelessly attached to a network (the internet), communicating with other devices or systems, and capable of transmitting and receiving data. Microservices architecture solutions in these devices are instrumental in building diverse software, enabling smooth coordination among different devices, protocols, and applications. This significantly improves the data sharing capability across multiple computing environments. Moreover, microservices architecture facilitates uninterrupted updates, integration, and IoT application maintenance in these connected gadgets. For example, Uswitch, a UK-based comparison site, reported in November 2023 that 92% of mobile users in the UK used smartphones. Also, the UK government-approved communications regulator, The Office of Communications, reported in March 2022 that 21% of internet users in the UK use smartphones. As a result, the upsurge in interconnected devices is significantly contributing to the expansion of the microservices architecture market.
What are the Market Segments in the Microservices Architecture Market?
The microservices architecture market covered in this report is segmented –
1) By Component: Solution, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Deployment Type: On-Premise, Cloud
4) By End-Use Industry: Banking, Financial Services And Insurance, Government, Manufacturing, IT And Telecom, Retail, Healthcare, Energy And Utilities, Media, Other End-User Industries
Subsegments:
1) By Solution: Microservices Development Tools, API Management Solutions, Containerization Platforms, Service Mesh Solutions
2) By Services: Consulting Services, Implementation Services, Integration Services, Support and Maintenance Services
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What Trends are Shaping the Microservices Architecture Market?
Key players in the microservices architecture market are concentrating their efforts on the development of new products underpinned by microservices architecture. Their goal is to achieve ultra-low latency which in turn enhances system efficiency, shortens response times, and caters to high-frequency trading environments. All of this effort is geared towards delivering an improved user experience while maintaining a competitive edge. Ultra-low latency is a term used to describe the least possible delay in transmitting and processing data, usually measured in microseconds or nanoseconds. An example of strides made in this area was seen in September 2024 when Vermiculus, a leading producer of advanced materials from the US, introduced VeriTrade. This product is reliant on microservices architecture and promises a steady and reliable order matching process, a factor of paramount importance in any sector where timing is crucial. In turn, this deterministic method improves the dependability of trade executions.
Who Are the Key Players in the Microservices Architecture Market?
Major companies operating in the microservices architecture market include:
• Microsoft Corporation
• Amazon Web Services Inc.
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Tata Consultancy Services Limited
• Salesforce Inc.
• Google Cloud Platform
• Cognizant Technology Solutions India Pvt Ltd.
• VMware Inc.
• Twilio Inc.
• Citrix Systems Inc.
• F5 Inc.
• Splunk Inc.
• Micro Focus International plc
• TIBCO Software Inc.
• Red Hat Inc.
• Software AG
• Dynatrace Inc.
• New Relic Inc.
• Suse Linux AG
• HashiCorp Inc.
• WSO2 Inc.
• Docker Inc.
• D2iQ Inc.
• Lightbend Inc.
• Datawire Inc.
• Kubernetes
What are the Regional Insights into the Microservices Architecture Market?
North America was the largest region in the microservices architecture market in 2024. The regions covered in the microservices architecture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
