Microservices Architecture Market Growth, Demand and Challenges of the Key Industry Players 2024-2032


MARKETRESEARCH

Uploaded on Mar 11, 2024

Category Business

According to the latest research report by IMARC Group, The global microservices architecture market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.4% during 2024-2032. More Info:- https://www.imarcgroup.com/microservices-architecture-market

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Microservices Architecture Market Growth, Demand and Challenges of the Key Industry Players 2024-2032

Global Microservices Architecture Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group In ternat ional Market Analys is Research and Consul t ing Group is a leading adv iser on management s t rategy and market research wor ldwide. We par tner wi th c l ients in a l l regions and indust ry vert ica ls to ident i fy thei r h ighest -value oppor tuni t ies, address thei r most cr i t ica l chal lenges, and t ransform thei r bus inesses. IMARC’s in format ion products inc lude major market , sc ient i f ic , economic and technological developments for bus iness leaders in pharmaceut ica l , indust r ia l , and h igh technology organizat ions. Market forecasts and indust ry analys is for b iotechnology, advanced mater ia ls , chemicals , food and beverage, t ravel and tour ism, nanotechnology and novel process ing methods are at the top of the company’s exper t ise. IMARC’s ta i lored approach combines unfathomable ins ight in to the dynamics o f companies and markets wi th c lose cooperat ion at a l l levels of the c l ient organizat ion. This ensures that our c l ients achieve unmatchable compet i t ive advantage, bui ld more pro f ic ient organizat ions, and secure las t ing resul ts . A cc o r d i ng t o t h e l a t e s t r e po r t b y IM A R C G r o up , t i t l e d " Mi c r o s er v i c es A r c h i te c t u r e Ma r k e t : G l o b a l In d u s t r y T r e n d s , S h a r e , S i ze , G r o w t h , O p p o r t u n i ty a n d F o r e c a s t 20 2 4 - 2 03 2 , " t h e g l ob a l m i c r o s e r v i c e s a r ch i t e c t u r e m a rk e t s i z e r e a ch e d U S $ 3 . 7 B i l l i o n i n 2 0 2 3 . Fac tors A f fec t ing the Growth o f M ic roserv ices Arch i tec ture Indus t ry : Report Scalab i l i ty and F lex ib i l i ty : Mi c r o s e rv i c e s a r c h i t e c t u r e i s i n c r ea s i n g l y f a v o r e d b y o r g a n i z a t i o n s d u e t o i t s Highlight and sc a l a b i l i t y a n d f l e x i b i l i t y . I n t h i s f a s t - p a c ed d i g i t a l l a n ds c a pe , bu s i n e s se s n ee d to ad a p t s w i f t l y t o c h a ng i n g ma r k e t d e m a nd s a n d u s e r r eq u i r e me n t s . T r a d i t i on a l mo n o l i t h i c a r c h i t e c t u r es o f t e n s t r u g g l e t o k e e p u p w i t h t h e s e d e m a nd s d ue t o t h e i r r i g i d Description s t r u c t u r e , w h e re a l l co m p on e n t s a re t i gh t l y i n t e g r a t e d . W i t h m i c ro s e r v i c e s , a pp l i c a t i on s a r e b r o k e n d o w n i n t o sm a l l e r , l o o s e l y c o u p l ed s e r v i ce s t ha t c an b e de v e l o p ed , de p l o y e d , a n d sc a l e d i n d e p e nd e n t l y . T h i s mo d u l a r a p p r o ac h a l l o w s o r ga n i z a t i on s t o a l l o c a t e re s o u r ce s m o r e e f f i c i e n t l y , a s t he y c a n s c a l e s pe c i f i c s e rv i c e s ba s e d o n de m a nd w i t h o u t a f f e c t i n g t h e en t i r e s ys t e m. A dd i t i o n a l l y , m i c r o s e rv i c e s e n a b l e e a s i e r i n t eg r a t i on o f n e w f u n c t i o n a l i t i e s a nd t ec h n o l o g i e s , e mp o w er i n g o r ga n i z a t i o n s t o i n n o v a t e r a p i d l y . T h i s s c a l a b i l i t y a nd f l e x i b i l i t y d r i v e th e a d op t i o n o f m i c r os e r v i c e s a rc h i t e c tu r e a c r o s s va r i o u s i n d u s t r i e s . Resi l i ence and Faul t I so la t ion: Ano t he r d r i v i ng f ac t o r beh i nd t he adop t i on o f m ic r ose r v i ces a r c h i t ec t u r e i s i t s ab i l i t y t o e nhan ce s ys t em r e s i l i ence and f au l t i s o la t i o n . I n c om p l ex d i s t r i bu t ed sy s t em s , f a i l u r es a r e i n ev i t ab le , and t he t i gh t l y c oup l ed na t u r e o f t r ad i t i on a l m ono l i t h i c Report a r ch i t ec t u r e , m ak es i t cha l le ng in g t o i so la t e an d co n t a in f au l t s . A f a i lu r e i n o ne com ponen t ca n cas cade t h r o ughou t t he en t i r e s ys t em , l e ad ing t o w ide sp r e ad ou t a ges a nd d own t i m e . Highlight and M ic r ose r v i ces add r ess t h i s c ha l l en ge by ado p t i ng a de cen t r a l i ze d ap p r oac h , wh e r e eac h se r v i ce op e r a t e s i ndepe nden t l y and com m u n ica t e s w i t h o t he r se r v i ces t h r o ugh we l l - d e f i ne d AP I s . Th is i so la t i o n en su r e s t ha t a f a i l u r e i n one se r v i ce do es no t Description im p ac t t he f u nc t i ona l i t y o f t he ov e r a l l s y s t em . Add i t i ona l l y , m ic r ose r v i ces a r ch i t ec t u r e o f t en i nc o r po r a t es r es i l i en ce pa t t e r n s s uch a s c i r cu i t b r e ake r s , r e t r ie s , and g r ac e f u l d eg r a da t i on t o h and l e f a i l u r es g r ac e f u l l y and m a in t a in s ys t e m s t a b i l i t y . Agi le Development and Cont inuous Del ivery: M at u r e o i l and gas f i e l ds , wh ich ha ve been i n p r od uc t i on f o r seve r a l y ea r s , o f t en exp er ienc e dec l i n i ng ou t pu t d ue t o t he dep l e t i on o f eas i l y acce ss ib le r es e r ve s . Subs ea pum p s a r e i n t eg r a l t o im p l em e nt ing e nhan ced r ecov e r y t echn i ques , suc h as wa t e r i n j e c t i on and gas l i f t , t o bo os t p r oduc t i on l eve l s . These methods inc rease the p ressure w i th in the reservo i r , fac i l i ta t i ng the ex t rac t ion o f rema in ing o i l and gas . The dep loyment o f subsea pumps in matu re f ie lds ex tends the l i f e o f ex is t ing in f ras t ruc tu res , max imizes the ex t rac t ion o f resources , and improves the overa l l e f f i c iency o f p roduc t ion opera t ions . Th is demand fo r enhanced recovery so lu t ions in ag ing f ie lds con t r ibu tes s ign i f i can t l y t o the g rowth o f the subsea pumps marke t . Report Request for a PDF sample o f th is repor t : Highlight and h t tps : / /www. imarcgroup .com/mic roserv ices-a rch i tec tu re -marke t / reques tsamp le Description Report Description Global Microserv ices Archi tecture Market Trends: The w i desp r ead ad op t i on o f c l oud c om pu t ing i s a s ig n i f i can t d r i ve r o f t he m i c r ose r v i ce s m ar k e t . C lou d p la t f o r m s p r ov id e t he i n f r as t r uc t u r e and se r v i ces nec essa r y t o bu i l d , d ep loy , an d s ca le m ic r ose r v i ces - base d a pp l i ca t i ons eas i l y . O r ga n iza t i ons a r e i nc r eas in g l y l ev e r ag in g c lo ud - na t i ve t echno log ies and m anag ed se r v i ce s , such a s AWS L am b da , Azu r e Func t i ons , and G oog le C l oud F unc t i ons , t o acce le r a t e t he i r m ic r o se r v ic es i n i t i a t i ve s and a ch ieve g r ea t e r ag i l i t y and cos t - e f f i c i e ncy . Add i t io na l l y , t he ong o ing d ig i t a l t r an s f o r m a t i on ac r oss i nd us t r i e s i s f ue l i ng t h e d em a nd f o r m ic r ose r v i ces a r c h i t ec t u r e . Bus ine sses a r e unde r p r essu r e t o m od er n i ze t h e i r l ega cy s ys t e m s , im p r ove ag i l i t y , and d e l i ve r i nnov a t i ve d ig i t a l expe r ience s t o cons um er s . M ic r os e r v i ce s en ab le o r gan i za t i on s t o b r eak do wn m ono l i t h i c app l i c a t i ons i n t o sm a l l e r , m or e m an ageab l e co m pone n t s , f ac i l i t a t i ng f as t e r de ve lop m en t cyc le s , eas i e r m a in t ena nce , a nd sea m less i n t eg r a t i on w i t h new t ech no log i es su ch as A I , I oT , and b loc kcha in . Look i ng f o rw ard , t he m arke t t o reach US$ 11 . 8 B i l l i on by 203 2 , exh i b i t i ng a g r ow t h ra t e ( CAG R) o f 13 . 4% d ur i n g 2024 - 203 2 . V i ew Repo r t T O C, F i g ures and T ab l e s : h t t ps : / / w w w . i mar cgrou p . com / m i cros erv i ces - a rch i t ec t ure - mark e t Breakup by Component: • Solut ions • Service Breakup by Deployment Type: • On-premises Report • Cloud-based Segmentation Breakup by Organization Size: • Large Enterpr ises • Small and Medium-sized Enterpr ises Breakup by Industry Vertical: • BFSI • Manufacturing • Retai l and E-Commerce • IT and Telecom • Healthcare • Government • Others Report Segmentation Breakup by Region: • North America • Asia-Pacifi c • Europe • Latin America • Middle East and Afr ica • Broadcom Inc. • Cognizant • F5 Inc. • Infosys Limited Competitive • International Business Machines Landscape Corporation with Key • Microsoft Corporation • Oracle Corporation Players • Salesforce Inc. • Software AG • Tata Consultancy Services Limited How big is the global microservices architecture market? What is the expected growth rate of the global microservices architecture market during 2024-2032? What are the key factors driving the global Key microservices architecture market? What has been the impact of COVID-19 on the global Questions microservices architecture market? Answered in What is the breakup of the global microservices architecture market based on the component? the Report What is the breakup of the global microservices architecture market based on the deployment type? What is the breakup of the global microservices architecture market based on the industry vertical? What are the key regions in the global microservices architecture market? Who are the key players/companies in the global microservices architecture market? 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h Table of 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l M i c r o s e r v i c e s A r c h i t e c t u r e M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y C o m p o n e n t 6 . 1 S o l u t i o n s 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 S e r v i c e 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y D e p l o y m e n t T y p e 7 . 1 O n - p r e m i s e s 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 C l o u d - b a s e d 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y O r g a n i z a t i o n S i z e 8 . 1 L a r g e E n t e r p r i s e s 8 . 1 . 1 M a r k e t T r e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 S m a l l a n d M e d i u m - s i z e d E n t e r p r i s e s 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t Table of 9 M a r k e t B r e a k u p b y I n d u s t r y V e r t i c a l 9 . 1 B F S I 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t Contents 9 . 2 M a n u f a c t u r i n g 9 . 2 . 1 M a r k e t T r e n d s 9 . 2 . 2 M a r k e t F o r e c a s t 9 . 3 R e t a i l a n d E - C o m m e r c e 9 . 3 . 1 M a r k e t T r e n d s 9 . 3 . 2 M a r k e t F o r e c a s t 9 . 4 I T a n d T e l e c o m 9 . 4 . 1 M a r k e t T r e n d s 9 . 4 . 2 M a r k e t F o r e c a s t 9 . 5 H e a l t h c a r e 9 . 5 . 1 M a r k e t T r e n d s 9 . 5 . 2 M a r k e t F o r e c a s t 9 . 6 G o v e r n m e n t 9 . 6 . 1 M a r k e t T r e n d s 9 . 6 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : h t t p s : / / w w w. im a rcg ro u p . co m / m ic ro s e r v i c es - a rch i t ec t u re - m a r ke t / t o c Disclaimer © 2023 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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