Global Cloud Microservices Industry

Global Cloud Microservices Industry

  • September 2020 •
  • 186 pages •
  • Report ID: 5798159 •
  • Format: PDF
Global Cloud Microservices Market to Reach $2.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Cloud Microservices estimated at US$810 Million in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at aCAGR of 19.2% over the period 2020-2027. Platform, one of the segments analyzed in the report, is projected to record 20.1% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 17.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $241.6 Million, While China is Forecast to Grow at 18.9% CAGR

The Cloud Microservices market in the U.S. is estimated at US$241.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$486.6 Million by the year 2027 trailing a CAGR of 18.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.We bring years of research experience to this 9th edition of our report. The 186-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Amazon Web Services, Inc.
  • CA Technologies, Inc.
  • Contino Solutions Limited
  • IBM Corporation
  • Idexcel, Inc.
  • Infosys Ltd.
  • Kontena Inc.
  • Macaw Software Inc.
  • Marlabs Inc.
  • Microsoft Corporation
  • Netifi Inc.
  • NGINX Inc.
  • OpenLegacy Inc.
  • Oracle Corporation
  • Pivotal Software, Inc.
  • RapidValue Solutions
  • Robomq
  • Salesforce.com, Inc.
  • SmartBear Software, Inc.
  • Software AG
  • Syntel, Inc.
  • Tata Consultancy Services Limited
  • Unifyed
  • Weaveworks Inc.