Cloud Microservices Market

Feb 2020| VMR1643A| Verified Market Research

Report Highlights

Cloud Microservices Market

According to Verified Market Research, Global Cloud Microservices Market was valued at USD 649.04 Million in 2018 and is projected to reach USD 3,054.23 Million by 2026, growing at a CAGR of 21.37% from 2019 to 2026.

Global Cloud Microservices Market Outlook

As cloud microservices encourage simplification of complex applications, making it easier to apply the change, there has been a proliferation of the microservices architecture, hence driving the market growth. Moreover, growing adoption of Kubernetes, a large number of services, decentralized continuous delivery and growing adoption of hybrid cloud across various industries is expected to drive the market for microservices architecture over the forecast period. With the growing load on data centers, hybrid cloud applications become cost-effective, which is anticipated to push the market further. However, concerns regarding security and compliance issues are likely to be restraining the growth of the market.

Global Cloud Microservices Market Competitive Landscape

The Global Cloud Microservices Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Amazon Web Services Inc., Pivotal Software Inc., Infosys Ltd., Oracle Corporation, Idexcel Inc., Microsoft, CA Technologies, IBM, Inc., Tata Consultancy, Services Limited. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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