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The cloud microservices market size has grown exponentially in recent years. It will grow from $1.55 billion in 2023 to $1.88 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%.  The growth in the historic period can be attributed to agility and time to market, flexibility and modularity, resilience and fault tolerance, data privacy and compliance, edge computing and IoT.

The cloud microservices market size is expected to see exponential growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%.  The growth in the forecast period can be attributed to increased demand for hybrid and multi-cloud, edge computing expansion, enhanced security measures, integration with serverless computing, focus on observability and monitoring. Major trends in the forecast period include integration with AI/ml services, serverless microservices, event-driven architectures, develops for microservices security, automated ci/cd pipelines.

The growing retail and e-commerce is expected to propel the growth of the cloud microservices market going forward. Retail refers to the process of selling goods or services directly to consumers through physical stores or online channels, while e-commerce is the buying and selling of goods and services over the Internet. It arises due to internet penetration, shifting consumer preferences, and the convenience offered by online shopping. Cloud microservices are widely used in the retail and e-commerce sectors to build scalable, flexible, and resilient applications that can handle the complexities of modern digital commerce.

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What Are The Key Trends That Influence Cloud Microservices Market Share Analysis?

Major companies operating in the cloud microservices market are concentrating on developing innovative products, such as the microservices engine, to provide comprehensive and inclusive cloud microservices. This engine is an open-source, highly available platform to support microservice development, and it is helpful for various business scenarios, including microservice registration and discovery, distributed scheduling, and integration with other cloud services.

Which Market Players Are Driving Growth In The Cloud Microservices Market?

Major companies operating in the cloud microservices market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce.com Inc., Infosys Limited, Alibaba Cloud, Atos SE, Rackspace Hosting Inc., Marlabs Inc., Contino Holdings Limited, Optisol Business solution, Idexcel Inc., OpenLegacy Ltd., NGINX Inc., SmartBear Software Inc., Macaw Software Inc., RapidValue Solutions Inc., Pivotal Software Inc.

How Is The Global Cloud Microservices Market Segmented?

1) By Component: Platform; Services
2) By Deployment: Public; Hybrid; Private
3) By Organization Size: Small And Medium Enterprises (Smes); Large Enterprises
4) By End-User Industry: Banking, Financial Services And Insurance; Retail; E-Commerce; Manufacturing; Telecommunication; Information Technology And Information Technology Enabled Services; Healthcare; Others End-Users

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The Cloud Microservices Global Market Report 2024 provides an overview of the cloud microservicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud microservices market forecast analyzes cloud microservices market size, cloud microservices market share, leading competitor and their market positions.

The Table Of Content For The Cloud Microservices Market Include

1. Cloud Microservices Market Executive Summary
2. Cloud Microservices Market Segments
3. Cloud Microservices Market Size And Template Market Growth Rate
4.  Key Cloud Microservices Market Trends
5. Major Cloud Microservices Market Drivers
……
25. Key Mergers And Acquisitions In The Cloud Microservices Market
26. Top Cloud Microservices Companies
27. Cloud Microservices Market Opportunities And Strategies
28. Cloud Microservices Market, Conclusions And Recommendations
29. Appendix

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