Europe Cloud Microservices Platform Market Size, Share & Industry Trends Analysis Report By Component (Platform (Without Services) and Services), By Deployment Type, By Application, By End User, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Europe Cloud Microservices Platform Market would witness market growth of 19.4% CAGR during the forecast period (2023-2029).
A microservices paradigm enables autonomous component deployment. It allows them to communicate using a mix of REST, event streaming, and message brokers, allowing each service's stack to be tailored specifically for it. In addition, technology is constantly evolving, and an application made up of several smaller services is simpler and less costly to adapt to as newer, more favored technology becomes available. The development of microservices is accompanied by a rise in using the fundamental building blocks provided by the cloud, virtualization, and container technologies.
Without technological solutions like Docker and the ubiquitous use of cloud, SaaS, and PaaS, the potential of microservices would not have been possible. From massive, monolithic Enterprise Resource Planning (ERP) systems to specialized, cost-efficient Software as a Service (SaaS) products, the business software architecture is becoming more fragmented. A requirement to develop business processes that cross the traditional borders of data centers, applications, and the cloud is brought on by this defragmentation. By allowing businesses to create integrations between distant apps, microservices solve this issue.
The UK government has also given cloud technologies a lot of support. For instance, the G-Cloud program established by the government of the United Kingdom modifies the way in which the public sector acquires information and communications technology (ICT). The G-Cloud Framework makes it possible for public organizations to acquire commodity-based, pay-as-you-go cloud services on agreements that have been recognized by the government through the use of an online marketplace known as the Digital Marketplace. Thus, these elements will contribute to the regional market's expansion in the upcoming years.
The Germany market dominated the Europe Cloud Microservices Platform Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $256.8 million by 2029. The UK market is anticipated to grow at a CAGR of 18.4% during (2023 - 2029). Additionally, The France market would experience a CAGR of 20.3% during (2023 - 2029).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on Deployment Type, the market is segmented into Public, Private and Hybrid. Based on Application, the market is segmented into Data Analytics, Database Applications, Customer Relationship Management and Others. Based on End User, the market is segmented into IT & Telecommunications, BFSI, Government & Healthcare, Healthcare, Manufacturing, Retail & eCommerce and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Cloud Microservices Platform Market is Projected to reach USD 4 Billion by 2029, at a CAGR of 20.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Infosys Limited, Cisco Systems, Inc., Tata Consultancy Services Ltd., Amazon Web Services, Inc. (Amazon.com, Inc.), SAP SE, Microsoft Corporation, F5 Networks, Inc., and Salesforce, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Platform (Without Services)
By Deployment Type
- Data Analytics
- Database Applications
- Customer Relationship Management
By End User
- IT & Telecommunications
- Government & Healthcare
- Retail & eCommerce
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- IBM Corporation
- Infosys Limited
- Cisco Systems, Inc.
- Tata Consultancy Services Ltd.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- SAP SE
- Microsoft Corporation
- F5 Networks, Inc.
- Salesforce, Inc.
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