Cloud Microservice Market Report: Trends, Forecast and Competitive Analysis to 2030

Cloud Microservice Trends and Forecast

The future of the global cloud microservice market looks promising with opportunities in the BFSI, IT and ITes, telecommunication, government, healthcare, retail and ecommerce, media and entertainment, transportation and logistics, and manufacturing sectors. The global cloud microservice market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are increasing adoption of microservices architecture, rising use of cloud and IoT based applications, and rapid digitalization among organisations.

A more than 150-page report is developed to help in your business decisions.

Cloud Microservice by Segment

The study includes a forecast for the global cloud microservice by component, deployment, enterprise size, end use industry, and region.

Cloud Microservice Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Platform
• Services

Cloud Microservice Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Public
• Private
• Hybrid

Cloud Microservice Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:

• Large Size Enterprise
• Small and Medium Size Enterprise (SMEs)

Cloud Microservice Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• IT and ITeS
• Telecommunications
• Government
• Healthcare
• Retail and eCommerce
• Media and Entertainment
• Transportation and Logistics
• Manufacturing
• Others

Cloud Microservice Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cloud Microservice Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud microservice companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud microservice companies profiled in this report include-

• AWS
• CA Technologies
• Contino
• CoScale
• IBM
• Idexcel
• Infosys
• Kontena
• Macaw
• Marlabs

Cloud Microservice Market Insights

Lucintel forecasts that platform is expected to witness highest growth over the forecast period due to expanding demand for cloud microservices architecture to scale functionalities at a very fine level.

Retail and ecommerce will remain the largest segment due to increasing deployment of cloud mimcroservice technology in this sector to improve operational effectiveness, straightforward architecture, straightforward deployment, quicker time-to-market, and enhance customer experience.

North America is expected to witness highest growth over the forecast period due to rapid it infrastructural development, rising preference for cloud computing technologies, and presence of key players in the region.

Features of the Global Cloud Microservice Market

Market Size Estimates: Cloud microservice market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cloud microservice market by various segments, such as by component, deployment, enterprise size, end use industry and region in terms of($B).

Regional Analysis: Cloud microservice market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, deployments, enterprise sizes, end use industries, and region.s for the cloud microservice market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud microservice market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the cloud microservice market size?

Answer: The global cloud microservice market is expected to reach an estimated $3.5 billion by 2030.

Q.2. What is the growth forecast for cloud microservice market?

Answer: The global cloud microservice market is expected to grow with a CAGR of 15.4% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the cloud microservice market?

Answer: The major drivers for this market are increasing adoption of microservices architecture, rising use of cloud and IoT based applications, and rapid digitalization among organisations.

Q.4. What are the major segments for cloud microservice market?

Answer: The future of the cloud microservice market looks promising with opportunities in the BFSI, IT and ITes, telecommunication, government, healthcare, retail and ecommerce, media and entertainment, transportation and logistics, and manufacturing sectors.

Q.5. Who are the key cloud microservice market companies?

Answer: Some of the key cloud microservice companies are as follows:

• AWS
• CA Technologies
• Contino
• CoScale
• IBM
• Idexcel
• Infosys
• Kontena
• Macaw
• Marlabs

Q.6. Which cloud microservice market segment will be the largest in future?

Answer: Lucintel forecasts that platform is expected to witness highest growth over the forecast period due to expanding demand for cloud microservices architecture to scale functionalities at a very fine level.

Q.7. In cloud microservice market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid it infrastructural development, rising preference for cloud computing technologies, and presence of key players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cloud microservice market by platform (platform and services), deployment (public, private, and hybrid), enterprise size (large size enterprise and small and medium size enterprise), end use industry (BFSI, IT and ITes, telecommunications, government, healthcare, retail and ecommerce, media and entertainment, transportation and logistics, manufacturing, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?