Cloud Microservices Market Size - By Component (Platform, Services), By Deployment Mode (Private, Public, Hybrid), By Enterprise size (SMEs, Large Enterprises), End-User & Global Forecast, 2023 - 2032

Cloud Microservices Market Size - By Component (Platform, Services), By Deployment Mode (Private, Public, Hybrid), By Enterprise size (SMEs, Large Enterprises), End-User & Global Forecast, 2023 - 2032

Global cloud microservices market will exhibit a 19.5% CAGR from 2023 to 2032. The demand for scalable and agile software development, the need for cost-effective infrastructure, and the rise of containerization technologies like Kubernetes will drive market growth.

The increasing adoption of serverless computing for efficient resource management and a growing emphasis on DevOps and automation are expected to drive market progress.

In January 2022, Red-on-line, a prominent EHS (Environmental, Health, and Safety) software and content provider, acquired Gutwinski Management GmbH, a distinguished EHS platform solution provider. This strategic merger was expected to enhance the companies’ client portfolio and expand their global customer base by offering an extended range of products and services to a broader audience.

Additionally, businesses are leveraging cloud microservices to enhance their competitive edge, ensure faster time-to-market, and improve overall scalability and flexibility in their software architectures.

The market is categorized based on component, deployment mode, enterprise size, end-user, and region.

Based on enterprise size, the SMEs segment will exhibit a substantial CAGR through 2032. Within this segment, cloud microservices adoption is motivated by the pursuit of cost-effectiveness, nimbleness, scalability, and the capacity to challenge larger enterprises. SMEs harness these benefits through contemporary and adaptable software architectures to boost their competitiveness and foster innovation.

The private deployment mode is estimated to account for a sizeable share of the cloud microservices industry by 2032. Enhanced data security, regulatory compliance, and the ability to maintain greater control over sensitive information make private deployment attractive for industries with strict data protection requirements.

Based on end-user, the healthcare segment will depict a commendable CAGR through 2032. The growing need for digital transformation, interoperability, and data-driven insights will drive the adoption of cloud microservices in healthcare. Healthcare providers are leveraging cloud microservices to enhance patient care, optimize operations, and adapt to evolving industry demands.

Asia Pacific cloud microservices market will witness a substantial CAGR during 2023-2032, driven by the rising adoption of digitalization, mobile technology proliferation, expanding e-commerce, and the need for cost-effective, scalable solutions. Moreover, increasing cloud investments and the fast-growing startup ecosystem will also drive industry expansion in the region.