The North America Cloud Microservices Platform Market would witness market growth of 18.7% CAGR during the forecast period (2023-2029).
Businesses can simply raise or decrease the resources allotted to their services and applications using the cloud microservices platforms, depending on demand. The deployment, maintenance, and scaling of single microservices are made simple using orchestration and containerization technologies. Businesses that are utilizing cloud computing are also searching for ways to improve the efficiency of their apps and services.
By offering a more flexible, modular application development and deployment, microservices architecture can aid them in achieving this objective. Moreover, cloud microservices platforms frequently provide automated scaling capabilities, which allow them to automatically change the number of resources assigned to a service or an application based on consumption trends. This allows companies to have the resources they require to meet demand at all times.
Businesses interested in implementing a microservices architecture can benefit from cloud microservices platforms that allow containerization. By segmenting applications into easily managed services that evolve more quickly, cloud microservices solve the problem of productivity and speed. Furthermore, cloud microservices are especially helpful for increasing quality assurance because each cloud microservice may be individually assessed and tested utilizing the previously mentioned approaches.
This region is obtaining a significant demand as more and more cutting-edge technologies are being adopted. The adoption of microservices architecture in the e-commerce, financial, and travel sectors by North American businesses has increased substantially over the past few years. It improves efficiency, agility, and scalability while helping to store data and information economically. For example, a storefront shopping application is deployed in the US using microservices, IBM Cloud Functions, and Cloud Foundry. Customers can browse an online inventory of vintage computing gadgets and offer reviews, which helps the industry expand. All these elements demonstrate the need for cloud microservices in the region, which in turn will propel the growth of the market.
The US market dominated the North America Cloud Microservices Platform Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,015.1 million by 2029. The Canada market is poised to grow at a CAGR of 21.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.4% 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 U.S., Mexico, Canada, and Rest of North America.
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:
By Component
- Platform (Without Services)
- Services
By Deployment Type
By Application
- Data Analytics
- Database Applications
- Customer Relationship Management
- Others
By End User
- IT & Telecommunications
- BFSI
- Government & Healthcare
- Healthcare
- Manufacturing
- Retail & eCommerce
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud Microservices Platform Market, by Component
1.4.2 North America Cloud Microservices Platform Market, by Deployment Type
1.4.3 North America Cloud Microservices Platform Market, by Application
1.4.4 North America Cloud Microservices Platform Market, by End User
1.4.5 North America Cloud Microservices Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Apr – 2023, Apr) Leading Players
Chapter 4. North America Cloud Microservices Platform Market by Component
4.1 North America Platform (Without Services) Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Cloud Microservices Platform Market by Deployment Type
5.1 North America Public Market by Country
5.2 North America Private Market by Country
5.3 North America Hybrid Market by Country
Chapter 6. North America Cloud Microservices Platform Market by Application
6.1 North America Data Analytics Market by Country
6.2 North America Database Applications Market by Country
6.3 North America Customer Relationship Management Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Cloud Microservices Platform Market by End User
7.1 North America IT & Telecommunications Market by Country
7.2 North America BFSI Market by Country
7.3 North America Government & Healthcare Market by Country
7.4 North America Healthcare Market by Country
7.5 North America Manufacturing Market by Country
7.6 North America Retail & eCommerce Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Cloud Microservices Platform Market by Country
8.1 US Cloud Microservices Platform Market
8.1.1 US Cloud Microservices Platform Market by Component
8.1.2 US Cloud Microservices Platform Market by Deployment Type
8.1.3 US Cloud Microservices Platform Market by Application
8.1.4 US Cloud Microservices Platform Market by End User
8.2 Canada Cloud Microservices Platform Market
8.2.1 Canada Cloud Microservices Platform Market by Component
8.2.2 Canada Cloud Microservices Platform Market by Deployment Type
8.2.3 Canada Cloud Microservices Platform Market by Application
8.2.4 Canada Cloud Microservices Platform Market by End User
8.3 Mexico Cloud Microservices Platform Market
8.3.1 Mexico Cloud Microservices Platform Market by Component
8.3.2 Mexico Cloud Microservices Platform Market by Deployment Type
8.3.3 Mexico Cloud Microservices Platform Market by Application
8.3.4 Mexico Cloud Microservices Platform Market by End User
8.4 Rest of North America Cloud Microservices Platform Market
8.4.1 Rest of North America Cloud Microservices Platform Market by Component
8.4.2 Rest of North America Cloud Microservices Platform Market by Deployment Type
8.4.3 Rest of North America Cloud Microservices Platform Market by Application
8.4.4 Rest of North America Cloud Microservices Platform Market by End User
Chapter 9. Company Profiles
9.1 Oracle Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Infosys Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Cisco Systems, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Tata Consultancy Services Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.5 SWOT Analysis
9.7 SAP SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Microsoft Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.6 SWOT Analysis
9.9 F5 Networks, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.10. Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 North America Cloud Microservices Platform Market, 2019 - 2022, USD Million
TABLE 2 North America Cloud Microservices Platform Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud Microservices Platform Market
TABLE 4 Product Launches And Product Expansions– Cloud Microservices Platform Market
TABLE 5 Acquisition and Mergers– Cloud Microservices Platform Market
TABLE 6 North America Cloud Microservices Platform Market by Component, 2019 - 2022, USD Million
TABLE 7 North America Cloud Microservices Platform Market by Component, 2023 - 2029, USD Million
TABLE 8 North America Platform (Without Services) Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Platform (Without Services) Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Cloud Microservices Platform Market by Deployment Type, 2019 - 2022, USD Million
TABLE 13 North America Cloud Microservices Platform Market by Deployment Type, 2023 - 2029, USD Million
TABLE 14 North America Public Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Public Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Private Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Private Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Hybrid Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Hybrid Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Cloud Microservices Platform Market by Application, 2019 - 2022, USD Million
TABLE 21 North America Cloud Microservices Platform Market by Application, 2023 - 2029, USD Million
TABLE 22 North America Data Analytics Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Data Analytics Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Database Applications Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Database Applications Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Customer Relationship Management Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Customer Relationship Management Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Cloud Microservices Platform Market by End User, 2019 - 2022, USD Million
TABLE 31 North America Cloud Microservices Platform Market by End User, 2023 - 2029, USD Million
TABLE 32 North America IT & Telecommunications Market by Country, 2019 - 2022, USD Million
TABLE 33 North America IT & Telecommunications Market by Country, 2023 - 2029, USD Million
TABLE 34 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 35 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Government & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Government & Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 40 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 42 North America Retail & eCommerce Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Retail & eCommerce Market by Country, 2023 - 2029, USD Million
TABLE 44 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 46 North America Cloud Microservices Platform Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Cloud Microservices Platform Market by Country, 2023 - 2029, USD Million
TABLE 48 US Cloud Microservices Platform Market, 2019 - 2022, USD Million
TABLE 49 US Cloud Microservices Platform Market, 2023 - 2029, USD Million
TABLE 50 US Cloud Microservices Platform Market by Component, 2019 - 2022, USD Million
TABLE 51 US Cloud Microservices Platform Market by Component, 2023 - 2029, USD Million
TABLE 52 US Cloud Microservices Platform Market by Deployment Type, 2019 - 2022, USD Million
TABLE 53 US Cloud Microservices Platform Market by Deployment Type, 2023 - 2029, USD Million
TABLE 54 US Cloud Microservices Platform Market by Application, 2019 - 2022, USD Million
TABLE 55 US Cloud Microservices Platform Market by Application, 2023 - 2029, USD Million
TABLE 56 US Cloud Microservices Platform Market by End User, 2019 - 2022, USD Million
TABLE 57 US Cloud Microservices Platform Market by End User, 2023 - 2029, USD Million
TABLE 58 Canada Cloud Microservices Platform Market, 2019 - 2022, USD Million
TABLE 59 Canada Cloud Microservices Platform Market, 2023 - 2029, USD Million
TABLE 60 Canada Cloud Microservices Platform Market by Component, 2019 - 2022, USD Million
TABLE 61 Canada Cloud Microservices Platform Market by Component, 2023 - 2029, USD Million
TABLE 62 Canada Cloud Microservices Platform Market by Deployment Type, 2019 - 2022, USD Million
TABLE 63 Canada Cloud Microservices Platform Market by Deployment Type, 2023 - 2029, USD Million
TABLE 64 Canada Cloud Microservices Platform Market by Application, 2019 - 2022, USD Million
TABLE 65 Canada Cloud Microservices Platform Market by Application, 2023 - 2029, USD Million
TABLE 66 Canada Cloud Microservices Platform Market by End User, 2019 - 2022, USD Million
TABLE 67 Canada Cloud Microservices Platform Market by End User, 2023 - 2029, USD Million
TABLE 68 Mexico Cloud Microservices Platform Market, 2019 - 2022, USD Million
TABLE 69 Mexico Cloud Microservices Platform Market, 2023 - 2029, USD Million
TABLE 70 Mexico Cloud Microservices Platform Market by Component, 2019 - 2022, USD Million
TABLE 71 Mexico Cloud Microservices Platform Market by Component, 2023 - 2029, USD Million
TABLE 72 Mexico Cloud Microservices Platform Market by Deployment Type, 2019 - 2022, USD Million
TABLE 73 Mexico Cloud Microservices Platform Market by Deployment Type, 2023 - 2029, USD Million
TABLE 74 Mexico Cloud Microservices Platform Market by Application, 2019 - 2022, USD Million
TABLE 75 Mexico Cloud Microservices Platform Market by Application, 2023 - 2029, USD Million
TABLE 76 Mexico Cloud Microservices Platform Market by End User, 2019 - 2022, USD Million
TABLE 77 Mexico Cloud Microservices Platform Market by End User, 2023 - 2029, USD Million
TABLE 78 Rest of North America Cloud Microservices Platform Market, 2019 - 2022, USD Million
TABLE 79 Rest of North America Cloud Microservices Platform Market, 2023 - 2029, USD Million
TABLE 80 Rest of North America Cloud Microservices Platform Market by Component, 2019 - 2022, USD Million
TABLE 81 Rest of North America Cloud Microservices Platform Market by Component, 2023 - 2029, USD Million
TABLE 82 Rest of North America Cloud Microservices Platform Market by Deployment Type, 2019 - 2022, USD Million
TABLE 83 Rest of North America Cloud Microservices Platform Market by Deployment Type, 2023 - 2029, USD Million
TABLE 84 Rest of North America Cloud Microservices Platform Market by Application, 2019 - 2022, USD Million
TABLE 85 Rest of North America Cloud Microservices Platform Market by Application, 2023 - 2029, USD Million
TABLE 86 Rest of North America Cloud Microservices Platform Market by End User, 2019 - 2022, USD Million
TABLE 87 Rest of North America Cloud Microservices Platform Market by End User, 2023 - 2029, USD Million
TABLE 88 Key Information – Oracle Corporation
TABLE 89 Key information – IBM Corporation
TABLE 90 Key Information – Infosys Limited
TABLE 91 Key Information – Cisco Systems, Inc.
TABLE 92 Key Information – Tata Consultancy Services Ltd.
TABLE 93 Key Information – Amazon Web Services, Inc.
TABLE 94 Key Information – SAP SE
TABLE 95 key information – Microsoft Corporation
TABLE 96 Key Information – F5 Networks, Inc.
TABLE 97 Key Information – Salesforce, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Apr – 2023, Apr) Leading Players
FIG 6 Recent strategies and developments: Oracle Corporation
FIG 7 SWOT analysis: Oracle Corporation
FIG 8 Recent strategies and developments: IBM Corporation
FIG 9 Swot analysis: IBM Corporation
FIG 10 Recent strategies and developments: Infosys Limited
FIG 11 SWOT Analysis: Infosys Limited
FIG 12 Recent strategies and developments: Cisco Systems, Inc.
FIG 13 SWOT Analysis: Cisco Systems, Inc.
FIG 14 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 15 SWOT analysis: Amazon.com, Inc.
FIG 16 SWOT Analysis: SAP SE
FIG 17 SWOT Analysis: Microsoft Corporation
FIG 18 SWOT Analysis: Salesforce.com, Inc.