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Microservices Architecture Market Report by Component, Deployment Type, Organization Size, Industry Vertical, and Region 2024-2032- Product Image
Microservices Architecture Market Report by Component, Deployment Type, Organization Size, Industry Vertical, and Region 2024-2032- Product Image
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Microservices Architecture Market Report by Component, Deployment Type, Organization Size, Industry Vertical, and Region 2024-2032

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  • 139 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5615167
Description Jump to:
The global microservices architecture market size reached US$ 3.7 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.8% during 2023-2032.

Microservices architecture comprises autonomous services that are highly manageable and testable, loosely coupled, independently deployable, and organized as per different business capabilities. They enable frequent and reliable delivery of large and complex applications and allow organizations to improve their technology stack. They also assist in establishing communication with other services by utilizing application programming interface (API), event streaming and message brokers. Moreover, as they are failure-resistant, decentralized and evolutionary, the demand for microservices architecture is escalating around the world.

Microservices Architecture Market Trends:

The increasing need for digital transformation to meet business requirements represents one of the key factors bolstering the growth of the market. Microservices architecture enables scalability and speed efficiency and improves development compared to traditional monolithic applications. They also support consumer choices, provide transparency, and expand the business reach. As a result, their utilization is rising among enterprises and numerous industry verticals for enhancing their business agility. Apart from this, boosting sales of connected devices, such as smartphones, wearables, smart home applications, drones, tablets, and fitness trackers, is positively influencing the market growth. This can be accredited to their ability of deploying individual services and providing faster feature update for software applications. Furthermore, due to better performance, reduced risk, and cost efficiency, there is a considerable rise in the usage of cloud-based solutions worldwide. This, in confluence with the technological advancements, such as the integration of microservices architecture with the Internet of Things (IoT), is creating a favorable market outlook. The market is also impelled by the growing utilization of virtualized infrastructure across the globe. Additionally, the outbreak of coronavirus disease (COVID-19) has resulted in the rising demand for cloud microservices on account of the adoption of remote working in numerous organizations.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global microservices architecture market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, organization size and industry vertical.

Breakup by Component:

Solutions
Service

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Industry Vertical:

BFSI
Manufacturing
Retail and E-Commerce
IT and Telecom
Healthcare
Government
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., Cognizant, F5 Inc., Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Salesforce Inc., Software AG and Tata Consultancy Services Limited.

Key Questions Answered in This Report

1. How big is the global microservices architecture market?
2. What is the expected growth rate of the global microservices architecture market during 2024-2032?
3. What are the key factors driving the global microservices architecture market?
4. What has been the impact of COVID-19 on the global microservices architecture market?
5. What is the breakup of the global microservices architecture market based on the component?
6. What is the breakup of the global microservices architecture market based on the deployment type?
7. What is the breakup of the global microservices architecture market based on the industry vertical?
8. What are the key regions in the global microservices architecture market?
9. Who are the key players/companies in the global microservices architecture market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Microservices Architecture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Type
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Retail and E-Commerce
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 IT and Telecom
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Government
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Broadcom Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cognizant
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 F5 Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Infosys Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 International Business Machines Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Microsoft Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Oracle Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Salesforce Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Software AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Tata Consultancy Services Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Microservices Architecture Market: Major Drivers and Challenges
Figure 2: Global: Microservices Architecture Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Microservices Architecture Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Microservices Architecture Market: Breakup by Component (in %), 2023
Figure 5: Global: Microservices Architecture Market: Breakup by Deployment Type (in %), 2023
Figure 6: Global: Microservices Architecture Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Microservices Architecture Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Microservices Architecture Market: Breakup by Region (in %), 2023
Figure 9: Global: Microservices Architecture (Solutions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Microservices Architecture (Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Microservices Architecture (Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Microservices Architecture (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Microservices Architecture (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Microservices Architecture (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Microservices Architecture (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Microservices Architecture (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Microservices Architecture (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Microservices Architecture (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Microservices Architecture (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Microservices Architecture (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Microservices Architecture (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Microservices Architecture (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Microservices Architecture (Retail and E-Commerce) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Microservices Architecture (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Microservices Architecture (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Microservices Architecture (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Microservices Architecture (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Microservices Architecture (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Microservices Architecture (Government) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Microservices Architecture (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Microservices Architecture (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Microservices Architecture (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Microservices Architecture Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Microservices Architecture Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Microservices Architecture Industry: SWOT Analysis
Figure 85: Global: Microservices Architecture Industry: Value Chain Analysis
Figure 86: Global: Microservices Architecture Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Microservices Architecture Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Microservices Architecture Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Microservices Architecture Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
Table 4: Global: Microservices Architecture Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Microservices Architecture Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Microservices Architecture Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Microservices Architecture Market: Competitive Structure
Table 8: Global: Microservices Architecture Market: Key Players

Companies Mentioned

  • Broadcom Inc.
  • Cognizant
  • F5 Inc.
  • Infosys Limited
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce Inc.
  • Software AG
  • Tata Consultancy Services Limited

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 3.7 Billion
Forecasted Market Value ( USD ) by 2032 $ 11.8 Billion
Compound Annual Growth Rate13.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Microservices Architecture Market

In computing services, microservices architecture is an approach where a single application is composed of many loosely coupled and independently deployable smaller services. Each service implements specific business capabilities, runs in its own process, and communicates with a lightweight mechanism, often an HTTP-based application programming interface (API). This architecture enables rapid, frequent, and reliable delivery of large, complex applications. It also allows an organization to evolve its technology stack. The market for microservices architecture within the realm of computing services is diverse, encompassing various tools that assist in developing, deploying, maintaining, and monitoring microservices. Solutions include microservices frameworks, platforms for orchestration and service mesh, as well as monitoring and scaling tools designed specifically to manage the complexities inherent in microservices operations. These allow for dynamic scaling, service discovery, load balancing, and security features suited for a distributed system. Many companies are actively involved in the microservices architecture market, offering solutions that cater to the specific needs of organizations transitioning to or optimizing a microservices approach. Some well-known enterprises in this space include Amazon Web Services (AWS), which offers microservices solutions such as AWS Lambda and Amazon ECS; Microsoft, with its Azure Service Fabric; Google Cloud Platform's Kubernetes Engine; IBM with its suite of cloud services and Bluemix; and Red Hat, which offers OpenShift, a container platform based on Kubernetes. Additionally, companies such as Netflix and Spotify are recognized for their pioneering contributions to the microservices architectural pattern, and they offer their own tools and Show Less Read more

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