The Cloud Microservices Market size is estimated at USD 1.63 billion in 2024, and is expected to reach USD 4.57 billion by 2029, growing at a CAGR of 22.88% during the forecast period (2024-2029).
As Kubernetes' adoption grows, companies are expected to start realizing that it is not enough to adopt it. They will also likely change all aspects of their processes, tools, and architecture. Kubernetes is likely to be a big push for profound company-wide changes. It provides an excellent way to manage containers and makes microservices architectures practical at an enterprise scale.
The cloud microservices market is fragmented. The major players have used various strategies, such as new product launches, partnerships, acquisitions, and others, across multiple deployment modes, like public, private, and hybrid cloud. It helps increase their footprints in this market to sustain the long run. Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, etc., are the primary players. Current advancements in the market are:
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