Microservices Architecture Market Synopsis

Microservices Architecture Market Size is Valued at USD 6.5 Billion in 2023, and is Projected to Reach USD 29.94 Billion by 2032, Growing at a CAGR of 18.50% From 2024-2032.

The microservices architecture market therefore refers to a market that contains products and services that help in the creation, deployment, and running of applications that support the microservices architecture. Microservices are self-contained and autonomous applications that are designed to operate in a coordinated manner to deliver a large application. This market comprises frameworks, containerization platforms, API management tools, service mesh technologies, monitoring solutions, CI/CD pipelines and serverless computing platforms. The need for adaptable and elastic development for software applications and the process of modernization of monolithic applications.

• The key driver for the Microservices Architecture Market is the rising need to adopt better and more adaptable software development models. Microservices help organizations to decompose large monolithic applications into many fine-grained services which can be built, deployed and managed autonomously. It enables quick development cycles, less effort for managing and adapting to changes in business requirements, and flexibility in terms of maintenance.
• The cloud-native technologies are also another factor that is expected to drive the Microservices Architecture Market in the coming years. Microservices are naturally suited for cloud environments because of their feature of being horizontally scalable and easily deployed. It is also important to note that microservices align well with cloud services, which are additional services such as container orchestration and serverless computing offered by cloud providers thus driving the adoption of this architecture. Moreover, the increased usage of DevOps practices that facilitate the cooperation between the development and operations teams and the use of microservices as a way of achieving this is another factor that has helped in the adoption of microservices architecture.

Microservices Architecture Market Trend Analysis

Cloud-Native Revolution, The Surging Demand for Microservices Architecture

• Microservices architecture is a fast-growing market that is projected to grow even further in the years to come. This growth is facilitated by key trends such as the usage of cloud-native technology in organizations. Microservice architecture is gaining popularity in organizations to enhance scalability, flexibility, and efficiency with cloud computing systems. Cloud platforms provide a comprehensive suite of services and features that facilitate the creation, implementation, and orchestration of microservices, which is why this model is becoming increasingly popular in various industries.
• Another key driver within the market for microservices architecture is the emphasis on DevOps approaches. DevOps focuses on the integration of development and operations with the goal of increasing the speed of delivery as well as reliability of the software. It is evident that microservices architecture fits well within the DevOps approach since it allows for delivering the services in smaller parts, allowing the teams to work on them in parallel and thus reduce the time to market. This means that with organizations focusing on the implementation of DevOps practices, the use of microservices architecture is set to increase even more in the future.

Microservices Architecture, A Gateway to Scalability and Innovation

• The market for microservices architecture is still vast and has the potential for growth and the creation of new opportunities. The first is the fact that there is a growing need for solutions that are more easily scalable and more elastic. The advantages of microservices include the fact that they make it easier for organizations to build and release applications in a more efficient manner; this is because, the components can be scaled up or down depending on the demand. This scalability is especially important in retail and eCommerce businesses, for instance, because traffic can fluctuate. Furthermore, the use of cloud computing is making the use of microservices pertinent since they are a part of the cloud-native model, allowing organizations to capitalize on the cloud infrastructure.
• Another opportunity in the microservices architecture market is that there is a trend towards being faster and more agile. The main advantage of microservices is that they enable the development of new service features much more quickly since each service can be developed and tested in isolation. These aspects are critical in fields like fintech and healthcare where the constant evolution of services and products is paramount. Additionally, microservices can integrate with other services and APIs more smoothly and easily, which is helpful in conditions and customer needs. As the business environment evolves towards the need for flexibility and adaptive systems, the use of microservices architecture will continue to expand.

Microservices Architecture Market Segment Analysis:

Microservices Architecture Market Segmented on the basis of Component, Deployment Mode, Organization Size, Vertical.

By Component, Platform segment is expected to dominate the market during the forecast period

• The microservices architecture market is also categorized by component in to platform and services. The platform segment consists of software frameworks and tools that are used to enable, deploy and control microservices based applications. Such platforms provide features for service discovery, load balancing, and monitoring, which are crucial when creating microservices architecture. On the other hand, the services segment consists of consulting, integration, and support services to be provided by vendors to the organizations in order to enhance their microservices adoption. These services are vital in helping organizations to transition from the monolith to microservices architecture, without disruptions, and with the best results.

By Vertical, BFSI segment held the largest share in 2024

• The market of microservice architecture is divided by vertical into several primary segments. Microservices can be used in the BFSI segment as it provides the right amount of flexibility and the scale that is necessary in the current world to meet the customer and the regulatory requirements. IT and Telecommunication sector has been using microservices as a method of developing and deploying new services and applications more efficiently and quickly to enhance customer experience. In the Retail and eCommerce segment, microservices can help the retailers in delivering customized shopping experiences, better inventory management, and efficient business processes.
• In the Healthcare sector, microservices are used to facilitate the delivery of high-quality patient care through integration, secure messaging, and easy access to medical information. Within the Manufacturing domain, microservices are used to transform factories and their supply chains into smart factories where various processes can be monitored in real-time, maintained proactively, or optimized. The “Other” segment comprises of other sectors like government, education, and entertainment where microservices are also being adopted to foster innovation, increase the rate of productivity, and flexibility.

Microservices Architecture Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is projected to emerge as the largest market for microservices architecture due to the growing cloud adoption rates, digital transformation plans, and the need for efficient, flexible, and adaptive software architectures. Some of the countries like China, India, Japan, and South Korea have emerged as the key players in the market growth due to the increasing number of IT firms and the rising practice of outsourcing software development services. Another factor that has also contributed to the implementation of microservices architecture is the increased number of startups in the region as they look for more efficient and cheaper ways to build their applications.
• Moreover, the Asia Pacific region is experiencing growth in the usage of mobile and web applications in industries such as eCommerce, fintech, and healthcare. This is promoting the use of microservices architecture since organizations want to create and release applications more quickly and effectively. Also, the growing emphasis on the development of digital structures and the presence of skilled information technology personnel in nations such as India and the Philippines are other factors that have boosted the microservices architecture market in the region.

Active Key Players in the Microservices Architecture Market

• Cognizant (United States)
• Salesforce, Inc. (United States)
• Infosys Limited (India)
• International Business Machines Corporation (IBM) (United States)
• Datawire (United States)
• Microsoft Corporation (United States)
• Software AG (Germany)
• Mulesoft (United States)
• Nginx Inc. (United States)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Microservices Architecture Market by Component
 4.1 Microservices Architecture Market Snapshot and Growth Engine
 4.2 Microservices Architecture Market Overview
 4.3 Platform
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Platform: Geographic Segmentation Analysis
 4.4 Services
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Services: Geographic Segmentation Analysis

Chapter 5: Microservices Architecture Market by Deployment Mode
 5.1 Microservices Architecture Market Snapshot and Growth Engine
 5.2 Microservices Architecture Market Overview
 5.3 On-Premises
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 On-Premises: Geographic Segmentation Analysis
 5.4 Cloud
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Cloud: Geographic Segmentation Analysis

Chapter 6: Microservices Architecture Market by Organization Size
 6.1 Microservices Architecture Market Snapshot and Growth Engine
 6.2 Microservices Architecture Market Overview
 6.3 Small & Medium-Sized Enterprises (SMEs)
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Small & Medium-Sized Enterprises (SMEs): Geographic Segmentation Analysis
 6.4 Large Enterprises
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Large Enterprises: Geographic Segmentation Analysis

Chapter 7: Microservices Architecture Market by Vertical
 7.1 Microservices Architecture Market Snapshot and Growth Engine
 7.2 Microservices Architecture Market Overview
 7.3 BFSI
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 BFSI: Geographic Segmentation Analysis
 7.4 IT & Telecommunications
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 IT & Telecommunications: Geographic Segmentation Analysis
 7.5 Retail & eCommerce
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Retail & eCommerce: Geographic Segmentation Analysis
 7.6 Healthcare
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Healthcare: Geographic Segmentation Analysis
 7.7 Manufacturing
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Manufacturing: Geographic Segmentation Analysis
 7.8 Others
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Others: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Microservices Architecture Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 COGNIZANT (UNITED STATES)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 SALESFORCE INC (UNITED STATES)
 8.4 INFOSYS LIMITED (INDIA)
 8.5 INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) (UNITED STATES)
 8.6 DATAWIRE (UNITED STATES)
 8.7 MICROSOFT CORPORATION (UNITED STATES)
 8.8 SOFTWARE AG (GERMANY)
 8.9 MULESOFT (UNITED STATES)
 8.10 NGINX INC (UNITED STATES)
 8.11 OTHERS

Chapter 9: Global Microservices Architecture Market By Region
 9.1 Overview
 9.2. North America Microservices Architecture Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Component
   9.2.4.1 Platform
   9.2.4.2 Services
  9.2.5 Historic and Forecasted Market Size By Deployment Mode
   9.2.5.1 On-Premises
   9.2.5.2 Cloud
  9.2.6 Historic and Forecasted Market Size By Organization Size
   9.2.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.2.6.2 Large Enterprises
  9.2.7 Historic and Forecasted Market Size By Vertical
   9.2.7.1 BFSI
   9.2.7.2 IT & Telecommunications
   9.2.7.3 Retail & eCommerce
   9.2.7.4 Healthcare
   9.2.7.5 Manufacturing
   9.2.7.6 Others
  9.2.8 Historic and Forecast Market Size by Country
   9.2.8.1 US
   9.2.8.2 Canada
   9.2.8.3 Mexico
 9.3. Eastern Europe Microservices Architecture Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Component
   9.3.4.1 Platform
   9.3.4.2 Services
  9.3.5 Historic and Forecasted Market Size By Deployment Mode
   9.3.5.1 On-Premises
   9.3.5.2 Cloud
  9.3.6 Historic and Forecasted Market Size By Organization Size
   9.3.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.3.6.2 Large Enterprises
  9.3.7 Historic and Forecasted Market Size By Vertical
   9.3.7.1 BFSI
   9.3.7.2 IT & Telecommunications
   9.3.7.3 Retail & eCommerce
   9.3.7.4 Healthcare
   9.3.7.5 Manufacturing
   9.3.7.6 Others
  9.3.8 Historic and Forecast Market Size by Country
   9.3.8.1 Bulgaria
   9.3.8.2 The Czech Republic
   9.3.8.3 Hungary
   9.3.8.4 Poland
   9.3.8.5 Romania
   9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Microservices Architecture Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Component
   9.4.4.1 Platform
   9.4.4.2 Services
  9.4.5 Historic and Forecasted Market Size By Deployment Mode
   9.4.5.1 On-Premises
   9.4.5.2 Cloud
  9.4.6 Historic and Forecasted Market Size By Organization Size
   9.4.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.4.6.2 Large Enterprises
  9.4.7 Historic and Forecasted Market Size By Vertical
   9.4.7.1 BFSI
   9.4.7.2 IT & Telecommunications
   9.4.7.3 Retail & eCommerce
   9.4.7.4 Healthcare
   9.4.7.5 Manufacturing
   9.4.7.6 Others
  9.4.8 Historic and Forecast Market Size by Country
   9.4.8.1 Germany
   9.4.8.2 UK
   9.4.8.3 France
   9.4.8.4 Netherlands
   9.4.8.5 Italy
   9.4.8.6 Russia
   9.4.8.7 Spain
   9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Microservices Architecture Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Component
   9.5.4.1 Platform
   9.5.4.2 Services
  9.5.5 Historic and Forecasted Market Size By Deployment Mode
   9.5.5.1 On-Premises
   9.5.5.2 Cloud
  9.5.6 Historic and Forecasted Market Size By Organization Size
   9.5.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.5.6.2 Large Enterprises
  9.5.7 Historic and Forecasted Market Size By Vertical
   9.5.7.1 BFSI
   9.5.7.2 IT & Telecommunications
   9.5.7.3 Retail & eCommerce
   9.5.7.4 Healthcare
   9.5.7.5 Manufacturing
   9.5.7.6 Others
  9.5.8 Historic and Forecast Market Size by Country
   9.5.8.1 China
   9.5.8.2 India
   9.5.8.3 Japan
   9.5.8.4 South Korea
   9.5.8.5 Malaysia
   9.5.8.6 Thailand
   9.5.8.7 Vietnam
   9.5.8.8 The Philippines
   9.5.8.9 Australia
   9.5.8.10 New Zealand
   9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Microservices Architecture Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Component
   9.6.4.1 Platform
   9.6.4.2 Services
  9.6.5 Historic and Forecasted Market Size By Deployment Mode
   9.6.5.1 On-Premises
   9.6.5.2 Cloud
  9.6.6 Historic and Forecasted Market Size By Organization Size
   9.6.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.6.6.2 Large Enterprises
  9.6.7 Historic and Forecasted Market Size By Vertical
   9.6.7.1 BFSI
   9.6.7.2 IT & Telecommunications
   9.6.7.3 Retail & eCommerce
   9.6.7.4 Healthcare
   9.6.7.5 Manufacturing
   9.6.7.6 Others
  9.6.8 Historic and Forecast Market Size by Country
   9.6.8.1 Turkey
   9.6.8.2 Bahrain
   9.6.8.3 Kuwait
   9.6.8.4 Saudi Arabia
   9.6.8.5 Qatar
   9.6.8.6 UAE
   9.6.8.7 Israel
   9.6.8.8 South Africa
 9.7. South America Microservices Architecture Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Component
   9.7.4.1 Platform
   9.7.4.2 Services
  9.7.5 Historic and Forecasted Market Size By Deployment Mode
   9.7.5.1 On-Premises
   9.7.5.2 Cloud
  9.7.6 Historic and Forecasted Market Size By Organization Size
   9.7.6.1 Small & Medium-Sized Enterprises (SMEs)
   9.7.6.2 Large Enterprises
  9.7.7 Historic and Forecasted Market Size By Vertical
   9.7.7.1 BFSI
   9.7.7.2 IT & Telecommunications
   9.7.7.3 Retail & eCommerce
   9.7.7.4 Healthcare
   9.7.7.5 Manufacturing
   9.7.7.6 Others
  9.7.8 Historic and Forecast Market Size by Country
   9.7.8.1 Brazil
   9.7.8.2 Argentina
   9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research