Global Microservices Architecture Market is valued approximately USD 5.49 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.66% over the forecast period 2023-2030. Microservices architecture is an architectural style for building applications as a collection of small, loosely coupled, and independently deployable services. In this architecture, an application is divided into multiple smaller services, each responsible for a specific business capability. The Microservices Architecture market is expanding because of factors such as increasing adoption of enterprise cloud and growing adoption of IoT connected devices. Services in a microservices architecture communicate with each other through well-defined APIs, typically using lightweight protocols like REST or messaging systems. This loose coupling allows services to evolve independently, enabling flexibility and easy replacement or addition of services. Its emergence has progressively increased during the last few decades.
According to the Statista, in 2022, 80% of enterprise respondents had implemented a hybrid cloud in their organisation. The transition to hybrid cloud solutions is typically done at the price of managing separate private and public clouds. Furthermore, in 2021, 30% of respondents employed multiple public clouds and one private cloud in their business. Overall, multi cloud and hybrid cloud architectures, which incorporate different clouds in one architecture model, are the leading architectures for cloud service delivery. Another important component driving space increase adoption of IoT connected devices. As per Statista, the number of Internet of Things (IoT) connected devices is estimated to reach approx. 17 billion connected devices by 2030. In addition, about 8.6 billion linked devices by 2030, the number of Internet of Things (IoT) connected devices in Greater China is expected to be the highest in the region. Europe and North America are also likely to lead in terms of the number of IoT devices. Also, growing adoption of virtualized infrastructure and rising adoption of the Internet of Things would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of microservices architecture stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Microservices Architecture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players in the region. According to the Statista, the Infrastructure as a Service segment is estimated to reach USD 69.46 billion in 2023. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising number of enterprises and increasing government initiatives for digitalization in the market space.
Major market player included in this report are:
Tata Consultancy Services Limited,
Recent Developments in the Market:
Ø In June 2022, Salesforce is now connecting heterogeneous data sets using robotic process automation with no-code technology built by its MuleSoft unit. Bots built with an RPA-infused integration platform can now automate much of the effort required to connect data from disparate systems.
Global Microservices Architecture Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Deployment Type, Organization Size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment Type
By Organization Size
Small & Medium Enterprises
By Industry Vertical
Retail & E-commerce
IT & Telecom
Middle East & Africa
Rest of Middle East & Africa