The global cloud microservice market is expected to grow at a significant CAGR during the forecast period (2021-2027). A cloud microservices is a software development approach that consists of a group of loosely connected services. It's a software development methodology that focuses on creating single-function modules with well-defined operations and interfaces. It's also referred to as microservice architecture. The cloud microservices industry is being driven by causes such as the proliferation of microservices architecture, digital transformation, and customer-oriented business.  The growing popularity of cloud-based apps is offering an opportunity for market growth.

The deployment of such components does not have a significant influence on the codebase. For cloud-native apps that use lightweight container deployment, this architectural approach is extremely prevalent. This is due to the increased number of services, as well as DevOps and decentralized continuous delivery. The market is being driven by hybrid cloud adoption across various end-user sectors, as many businesses are currently in varying phases of cloud adoption. They may experiment with new products and business strategies using the hybrid cloud. The burden on the data center has increased as IT's function has expanded. Upgrades to compute or storage are expensive, however, hybrid cloud apps are less expensive, which is driving the market growth. 

Microservice cloud is becoming more popular in the manufacturing sector as intelligent technology advances and the old automation pyramid disintegrates. Furthermore, manufacturing IT is shifting toward a service and app-oriented approach. For instance, with little upfront investment and almost limitless on-demand capacity, AWS (Amazon Web Services) pay-as-you-go microservices and serverless computing models decrease the cost of running connected manufacturing plants or smart product projects.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered- 

o By Deployment Mode 

o By Vertical 

• Competitive Landscape:  Microsoft Corp., Amazon Web Services, Inc., IBM Corp., CA Technologies, and Salesforce. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cloud Microservice Platform Market Report Segmentation

By Deployment Mode

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Vertical

• Retail and Ecommerce
• Healthcare
• Media and Entertainment
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Transportation and Logistics
• Manufacturing
• Government
• Others

Global Cloud Microservice Platform Market By Region