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Microservices Architecture Market Expected To Cross USD 33 Billion By 2023: Global Forecast News

November 18, 2019 by Market-NewsFlash  

Microservices Architecture Market, By Deployment (Cloud, On-Premise), By Service (Inventory Microservice, Accounting Microservice), By Vertical (Energy & Utilities, IT & Telecommunication, BFSI) — Forecast 2023

Global Micro services Architecture Market — Overview

 

 


Microservices are small, self-contained services that can evolve independently and deploy separately to support continuous integration and continuous delivery. A microservice architecture promotes developing and deploying an application or a set of features composed of independent, autonomous, modular, self-contained units. Each unit is assigned to a team that owns it for improving it. Adoption of microservices, teams can rapidly ship newer versions of applications or features without disrupting rest of the solution.

Microservices enables versions and releases planning process and backward compatibility requirements with master and multiple slave containers. It allows users to deploy the latest version of microservice without interrupting the operation of the other micro-services. As each microservice is built and aligned around a business function to reduce the complexity of the application change-management process. It expedites updating new technologies, libraries, languages, and frameworks, yielding faster development cycles, including rollback. Each service is individually changed, tested, and deployed without affecting other services, enabling faster time to market.

Many organizations, such as Netflix and Amazon, are using microservice architecture to implement business applications as a collection of loosely coupled services. Some of the reasons to move to this distributed, loosely coupled architecture is to enable hyper scale, and continuous delivery for complex applications, among other things. Teams in these organizations have adopted Agile and DevOps practices to deliver applications quickly and to deploy them with a lower failure rate than traditional approaches.

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Although there are many benefits to a loosely coupled design of a microservices-based application, one of the challenges remains how to quickly roll out, troubleshoot, and manage these microservices. Manually allocating resources for applications and reconfiguring the load balancer to incorporate new services is inefficient and error-prone. It becomes downright problematic at scale. Automating the deployment of services quickly becomes a necessity. Automation tools transform the traditional manual approach into simpler automated scripts and tasks that do not require familiarity or expertise with the managed solution.

Key Players:
Cognizant (U.S.), International Business Machines Corporation (U.S), Microsoft Corporation (U.S.), Datawire (U.S.), Infosys Limited (India), Mulesoft (U.S.), Software AG (Germany), Nginx Inc. (U.S.), Salesforce.Com, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.

Global Micro services Architecture Market — Competitive Analysis
Characterized by the presence of several major well-established players, the global market of micro service architecture appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services.

Global Micro services Architecture Market — Regional Analysis
North America region is the dominating player in the microservices architecture market owing to presence of major players in the region. Cloud solution such as software as service (SaaS) and platform as a service (PaaS) contributes largest market segment in the region. US market contributes highest revenue in the North America region. Most of the companies in the North America region has adopted microservices architecture technology in e-commerce, financial and travel services. The experts from the region emphasis on strong microservices architecture as compared to monolithic pattern.
In Europe region, the microservices architecture market is rising due to major application of it in IT and telecommunication, retail, BFSI and healthcare. Cloud based solution is driving the market in the region. Proliferation of connected device such as smartphones, tablets, laptops and drones is driving the market in the region. Asia-Pacific is expected to be fastest growing market as large number of organizations are adopting microservices architecture to meet needs of modern application development.

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