The global cloud microservice market is expected to grow at a significant CAGR during the forecast period (2021-2027). A cloud microservices is a software development approach that consists of a group of loosely connected services. It’s a software development methodology that focuses on creating single-function modules with well-defined operations and interfaces. It’s also referred to as microservice architecture. The cloud microservices industry is being driven by causes such as the proliferation of microservices architecture, digital transformation, and customer-oriented business. The growing popularity of cloud-based apps is offering an opportunity for market growth.
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The deployment of such components does not have a significant influence on the codebase. For cloud-native apps that use lightweight container deployment, this architectural approach is extremely prevalent. This is due to the increased number of services, as well as DevOps and decentralized continuous delivery. The market is being driven by hybrid cloud adoption across various end-user sectors, as many businesses are currently in varying phases of cloud adoption. They may experiment with new products and business strategies using the hybrid cloud. The burden on the data center has increased as IT’s function has expanded. Upgrades to compute or storage are expensive, however, hybrid cloud apps are less expensive, which is driving the market growth.
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Microservice cloud is becoming more popular in the manufacturing sector as intelligent technology advances and the old automation pyramid disintegrates. Furthermore, manufacturing IT is shifting toward a service and app-oriented approach. For instance, with little upfront investment and almost limitless on-demand capacity, AWS (Amazon Web Services) pay-as-you-go microservices and serverless computing models decrease the cost of running connected manufacturing plants or smart product projects.
Global Cloud Microservice Platform Market – Segmentation
By Organization Size
Small and Medium-Sized Enterprises
By Deployment Mode
Retail and Ecommerce
Media and Entertainment
Banking, Financial Services and Insurance (BFSI)
IT and Telecom
Transportation and Logistics
Global Cloud Microservice Platform Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Amazon Web Services Inc.
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