Microservices Architecture Market Summary
As per Market Research Future Analysis, the Microservices Architecture Market was valued at USD 6.5 Billion in 2023 and is projected to reach USD 30.0 Billion by 2032, growing at a CAGR of 18.5% from 2024 to 2032. The market is driven by the increasing adoption of cloud-based solutions and the demand for efficient application development. Key trends include the rise of virtualized infrastructure and the preference for hybrid cloud deployments, which enhance operational performance and cost efficiency.
Key Market Trends & Highlights
The Microservices Architecture Market is influenced by several key trends.
- Market Size in 2023: USD 6.5 Billion
- Projected Market Size by 2032: USD 30.0 Billion
- CAGR from 2024 to 2032: 18.5%
- BFSI segment dominated the market in 2021
Market Size & Forecast
2023 Market Size | USD 6.5 Billion |
2024 Market Size | USD 7.7 Billion |
2032 Market Size | USD 30.0 Billion |
CAGR (2024-2032) | 18.5% |
Major Players
Cognizant, Salesforce Inc, Infosys Limited, Microsoft Corporation, IBM, Datawire, Software AG, Mulesoft, Nginx Inc.