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Microservices Architecture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global microservices architecture market reached a value of US$ 2.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.84 Billion by 2027, exhibiting a growth rate (CAGR) of 15.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global microservices architecture market, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Type, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Broadcom Inc., Cognizant, F5 Inc., Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Salesforce Inc., Software AG and Tata Consultancy Services Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global microservices architecture market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global microservices architecture market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global microservices architecture market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2016-2021
Figure 3: Global: Microservices Architecture Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Microservices Architecture Market: Breakup by Component (in %), 2021
Figure 5: Global: Microservices Architecture Market: Breakup by Deployment Type (in %), 2021
Figure 6: Global: Microservices Architecture Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Microservices Architecture Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Microservices Architecture Market: Breakup by Region (in %), 2021
Figure 9: Global: Microservices Architecture (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Microservices Architecture (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Microservices Architecture (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Microservices Architecture (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Microservices Architecture (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Microservices Architecture (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Microservices Architecture (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Microservices Architecture (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Microservices Architecture (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Microservices Architecture (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Microservices Architecture (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Microservices Architecture (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Microservices Architecture (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Microservices Architecture (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Microservices Architecture (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Microservices Architecture (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Microservices Architecture (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Microservices Architecture (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Microservices Architecture (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Microservices Architecture (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Microservices Architecture (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Microservices Architecture (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Microservices Architecture (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Microservices Architecture (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Microservices Architecture (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Microservices Architecture Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Microservices Architecture Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Microservices Architecture Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Microservices Architecture Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Microservices Architecture Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: Global: Microservices Architecture Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Microservices Architecture Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Microservices Architecture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Microservices Architecture Market: Competitive Structure
Table 8: Global: Microservices Architecture Market: Key Players


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