Kenneth Research, in its repository of market research reports, have recently added a report on Cloud Microservices Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Cloud Microservices Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Ask for it and browse full report- https://www.kennethresearch.com/sample-request-10013337
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Cloud Microservices Market to reach USD 3.05 billion by 2025. Global Cloud Microservices Market valued approximately USD 450.68 million in 2016 is forecasted to grow with a healthy growth rate of more than 23.67% over the forecast period 2018-2025. The major factors speculated to augment the markets are consumer-oriented business, digital revolutions, and propagation of the microservices architecture. The compliance and security concerns are a few of the key restraints to overcome for the major manufacturers. Microservices are an architectural methodology to create cloud applications. Here each application is built as a set of services and each is run in its own processes and each service communicates through application programming interfaces (API).
Global Cloud Microservices Market is segmented based on Component, Deployment, Organization Size, and End-Use Industry. The Platform subsegment of Component segment is forecasted is expected to dominate in terms of market share while Hybrid Cloud subsegment of Deployment segment is forecasted to grow with highest CAGR throughout the period of 2018-2025. Whereas the IT & IT Enabled Services (ITES) subsegment is anticipated to grow with the substantially highest annual rate in the End-Use Industry segment of the market.
The regional analysis of Global Cloud Microservices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is anticipated to be the leading region across the world in terms of market share size. Whereas, Asia Pacific region, owing to rising espousal of Cloud Microservices in countries such as China, India, and Japan, is expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Organization Size:
*Small & Medium Sized Enterprises (SMEs)
By End-Use Industry:
*Banking, Financial Services & Insurance (BFSI)
*Retail & eCommerce
*IT & IT Enabled Services (ITES)
*Media & Entertainment
*Transportation & Logistics
Rest of the World
Download Sample PDF of this Report: – https://www.kennethresearch.com/sample-request-10013337
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players are Oracle, Infosys, CA Technologies, Syntel, IBM, NGINX, Microsoft, SmartBear Software, Salesforce, RapidValue Solutions, Pivotal Software, Marlabs, Kontena, RoboMQ, Macaw Software, OpenLegacy, Unifyed, Idexcel, Amazon Web Services (AWS), Weaveworks, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Target Audience of the Cloud Microservices Market Study:
*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Value-Added Resellers (VARs)
*Third-party knowledge providers
TABLE OF CONTENTS
Chapter 1. Global Cloud Microservices Market Definition & Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.3. Market Estimation
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Cloud Microservices Market Dynamics
4.1. Growth Prospects
4.2. Industry Analysis
4.2.1. Porterâ€™s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Cloud Microservices Market by Component
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Cloud Microservices Market, Sub Segment Analysis
188.8.131.52. Market estimates & forecasts, 2015-2025 (USD Billion)
184.108.40.206. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Email : email@example.com
Phone: +1 313 462 0609