Cloud Microservices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cloud Microservices Market
The cloud microservices market size was valued at USD 1.29 billion in 2023, and the market is now projected to grow from USD 1.54 billion in 2024 to USD 6.04 billion by 2032, exhibiting a CAGR of 21.6% during the forecast period of 2024-2032.
Modern society has faced a stiff pandemic that affected every country’s economy, and this led to the implementation of quarantine measures to curb this disease, which is COVID-19. Businesses encountered many challenges and restrictions in their previous settings for a few reasons attributable to the pandemic. Therefore, COVID-19 changed the idea of the cloud, adopting the transition as a part of technological progress and organizational business model. This led to an increase in the cloud microservice market growth because of the advantages it provided in handling requests and response from a vast number.
Microservices have proven vital to those organizations, adopting them as the preferred architecture for software development. This architecture concept entails the division of an application into multiple loosely coupled services that can be built, deployed, and scaled independently to comprise a large complex application instead of one large monolith application. It may also extend the cloud microservice market share as clients can rely on microservices to securely manage their applications.
Recently the concept of service meshes has emerged as a more helpful approach for handling microservices complexity. A service mesh is an extra layer of architecture between microservices which help in communicating services. Service mesh continues to grow in popularity for binaries as microservices architectures keep maturing in organizations.
Comprehensive Analysis of Cloud Microservice Market
The cloud microservice market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by component, by deployment mode, enterprise type, & by end-user. The components include: platform, & services. By deployment mode the market can be divided into: public, private, & hybrid. However, by enterprise type the market will be fragmented into: large enterprises, & SMEs. By End-user it can be divided into: BFSI, IT and telecommunications, retail and consumer goods, education, healthcare, media and entertainment, and others.
The North America region leads the cloud microservice market by benefitting a market size of USD 0.61 billion in 2023 due to the presence of several key players who adopt advanced technologies in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Amazon Web Services, Inc. (U.S.) Microsoft Corporation (U.S.) IBM Corporation (U.S.) Salesforce Inc. (U.S.) F5, Inc (U.S.) Broadcom (U.S.) Software AG (Germany) Ksolves India Limited (India) Datadog (U.S.) WeaveWorks (U.K.)
In May 2023, Broadleaf Commerce partnered with Emax Electronics, a company of MEA retail giant Landmark Retail, for its e-commerce microservices. The Broadleaf Commerce platform was chosen by Landmark Retail for its API-first, Microservice-based, Headless, and Cloud native solution, which manages the complexities of the business using a single codebase and back-office administrative console.
Segmentation Table
Global Cloud Microservices Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 21.6% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Component, Deployment Mode, & Enterprise Type, & End user.
By Component Platform
Services
- Consulting Services
- Integration Services
- Training, Support, and Maintenance Services
By Deployment Mode Public
Private
Hybrid
By Enterprise Type Large Enterprises
SMEs
By End User IT and Telecommunications
Retail and Consumer Goods
Healthcare
Education
Media and Entertainment
Others (Manufacturing)
By Region North America (By Component, Deployment Mode, Enterprise type, end-user, and Country)
- U.S.
- Canada
- Mexico
Europe (By Component, Deployment Mode, Enterprise type, end-user, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Benelux
- Nordics
- Russia
- Rest of Europe
Asia Pacific (By Component, Deployment Mode, Enterprise type, end-user, and Country)
- China
- Japan
- India
- OCEANIA
- ASEAN
- South Korea
- Rest of Asia Pacific
Middle East & Africa (By Component, Deployment Mode, Enterprise type, end-user, and Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
South America (By Component, Deployment Mode, Enterprise type, end-user, and Country)
- Brazil
- Argentina
- Rest of South America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Cloud Microservices Key Players Market Share/Ranking, 2022
- 5. Global Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Platform
- 5.2.2. Services
- 5.2.2.1. Consulting Services
- 5.2.2.2. Integration Services
- 5.2.2.3. Training, Support and Maintenance Services
- 5.3. By Deployment Mode (USD)
- 5.3.1. Public
- 5.3.2. Private
- 5.3.3. Hybrid
- 5.4. By Enterprise Type (USD)
- 5.4.1. Large Enterprises
- 5.4.2. SME’s
- 5.5. By End-Users (USD)
- 5.5.1. IT and Telecommunications
- 5.5.2. BFSI
- 5.5.3. Retail and Consumer Goods
- 5.5.4. Healthcare
- 5.5.5. Education
- 5.5.6. Media and Entertainment
- 5.5.7. Others (Manufacturing, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Platform
- 6.2.2. Services
- 6.2.2.1. Consulting Services
- 6.2.2.2. Integration Services
- 6.2.2.3. Training, Support and Maintenance Services
- 6.3. By Deployment Mode (USD)
- 6.3.1. Public
- 6.3.2. Private
- 6.3.3. Hybrid
- 6.4. By Enterprise Type (USD)
- 6.4.1. Large Enterprises
- 6.4.2. SME’s
- 6.5. By End-Users (USD)
- 6.5.1. IT and Telecommunications
- 6.5.2. BFSI
- 6.5.3. Retail and Consumer Goods
- 6.5.4. Healthcare
- 6.5.5. Education
- 6.5.6. Media and Entertainment
- 6.5.7. Others (Manufacturing, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.2. Canada
- 6.6.3. Mexico
- 7. South America Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Platform
- 7.2.2. Services
- 7.2.2.1. Consulting Services
- 7.2.2.2. Integration Services
- 7.2.2.3. Training, Support and Maintenance Services
- 7.3. By Deployment Mode (USD)
- 7.3.1. Public
- 7.3.2. Private
- 7.3.3. Hybrid
- 7.4. By Enterprise Type (USD)
- 7.4.1. Large Enterprises
- 7.4.2. SME’s
- 7.5. By End-Users (USD)
- 7.5.1. IT and Telecommunications
- 7.5.2. BFSI
- 7.5.3. Retail and Consumer Goods
- 7.5.4. Healthcare
- 7.5.5. Education
- 7.5.6. Media and Entertainment
- 7.5.7. Others (Manufacturing, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.2. Argentina
- 7.6.3. Rest of South America
- 8. Europe Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Platform
- 8.2.2. Services
- 8.2.2.1. Consulting Services
- 8.2.2.2. Integration Services
- 8.2.2.3. Training, Support and Maintenance Services
- 8.3. By Deployment Mode (USD)
- 8.3.1. Public
- 8.3.2. Private
- 8.3.3. Hybrid
- 8.4. By Enterprise Type (USD)
- 8.4.1. Large Enterprises
- 8.4.2. SME’s
- 8.5. By End-Users (USD)
- 8.5.1. IT and Telecommunications
- 8.5.2. BFSI
- 8.5.3. Retail and Consumer Goods
- 8.5.4. Healthcare
- 8.5.5. Education
- 8.5.6. Media and Entertainment
- 8.5.7. Others (Manufacturing, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Benelux
- 8.6.8. Nordics
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Platform
- 9.2.2. Services
- 9.2.2.1. Consulting Services
- 9.2.2.2. Integration Services
- 9.2.2.3. Training, Support and Maintenance Services
- 9.3. By Deployment Mode (USD)
- 9.3.1. Public
- 9.3.2. Private
- 9.3.3. Hybrid
- 9.4. By Enterprise Type (USD)
- 9.4.1. Large Enterprises
- 9.4.2. SME’s
- 9.5. By End-Users (USD)
- 9.5.1. IT and Telecommunications
- 9.5.2. BFSI
- 9.5.3. Retail and Consumer Goods
- 9.5.4. Healthcare
- 9.5.5. Education
- 9.5.6. Media and Entertainment
- 9.5.7. Others (Manufacturing, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.2. Israel
- 9.6.3. GCC
- 9.6.4. North Africa
- 9.6.5. South Africa
- 9.6.6. Rest of MEA
- 10. Asia Pacific Cloud Microservices Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Platform
- 10.2.2. Services
- 10.2.2.1. Consulting Services
- 10.2.2.2. Integration Services
- 10.2.2.3. Training, Support and Maintenance Services
- 10.3. By Deployment Mode (USD)
- 10.3.1. Public
- 10.3.2. Private
- 10.3.3. Hybrid
- 10.4. By Enterprise Type (USD)
- 10.4.1. Large Enterprises
- 10.4.2. SME’s
- 10.5. By End-Users (USD)
- 10.5.1. IT and Telecommunications
- 10.5.2. BFSI
- 10.5.3. Retail and Consumer Goods
- 10.5.4. Healthcare
- 10.5.5. Education
- 10.5.6. Media and Entertainment
- 10.5.7. Others (Manufacturing, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.2. India
- 10.6.3. Japan
- 10.6.4. South Korea
- 10.6.5. ASEAN
- 10.6.6. Oceania
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Amazon Web Services, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Microsoft Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. IBM Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Salesforce Inc.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. F5, Inc
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Broadcom
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Software AG
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Ksolves India Limited
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Datadog
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. WeaveWorks
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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