As per the study initiated by Evolve Business Intelligence, Microservices Architecture market size accounted for USD 4.5 Billion in 2022, growing at a CAGR of 18.2% from 2023 to 2033. The microservices architecture market refers to the industry segment that deals with the adoption, implementation, and use of microservices architecture in software development and deployment. Microservices architecture is an architectural style where applications are built as a collection of small, independent, and loosely coupled services that communicate with each other through APIs (Application Programming Interfaces).
The microservices architecture approach offers several benefits, such as scalability, flexibility, agility, and easier maintenance compared to monolithic architectures. It allows organizations to break down complex applications into smaller, manageable services that can be developed, deployed, and scaled independently.
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Key Highlights:
- Microservices Architecture Market size was valued at USD 4.5 billion in 2022 growing at a CAGR of 18.2% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
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In terms of COVID 19 impact, Microservices Architecture market report also includes the following data points:
- COVID19 Impact on Microservices Architecture market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Microservices Architecture market
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Key Players
Some of the major Microservices Architecture players holding high market share include Cognizant., Salesforce, Inc., Infosys Limited, and International Business Machines Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Cognizant
- Salesforce, Inc.
- Infosys Limited
- International Business Machines Corporation
- Datawire
- Microsoft Corporation
- Software AG
- Mulesoft
- Nginx Inc.
Segmental Analysis
Market Segment By Deployment with focus on market share, consumption trend, and growth rate of Microservices Architecture Market:
- Cloud
- On-Premise
Market Segment By Service with focus on market share, consumption trend, and growth rate of Microservices Architecture Market:
- Inventory Microservice
- Accounting Microservice
Market Segment By Vertical with focus on market share, consumption trend, and growth rate of Microservices Architecture Market:
- Energy & Utilities
- IT & Telecommunication
- BFSI
| Parameters | Details |
| Market Size (2022) | $ 4.5 Billion |
| CAGR (2023 to 2033) | 18.2% |
| Market Segmentation | Deployment, Service, Vertical |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Microservices Architecture Geographic Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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- Strategy Planning
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