Cloud Microservices Market Research Report, Trends, Analysis and Forecast to 2026

A 'microservice' is a software application development technique. It is a variant of the service-oriented architecture (SOA) architectural style that structures an application as a collection of loosely coupled services. In microservices architecture, services are finegrained and the protocols are lightweight. The major aim in using the service is to develop software systems that try to focus on building single-function modules with well defined interfaces and operations. The trend has grown popular in recent years as enterprises look to become more Agile and move towards a DevOps and continuous testing. The cloud microservices offer mobility, flexibility, storage, security and also help in saving money. Though some security issues may arise off late, but there are many mechanisms that can be followed to save the cloud from cyber attacks.

The Global Cloud Microservices Market is accounted for $587.24 million in 2017 and expected to grow at a CAGR of 19.8% to reach $2989.50 million by 2026. The benefit of disintegrating an application into various smaller services is that it improves modularity and makes the application easier to understand, develop, test, and more resilient to architecture erosion. It also contribute development by enabling small autonomous teams to develop, deploy and scale their respective services independently and also allows the architecture of an individual service to emerge through continuous refactoring. Microservices-based architectures enable continuous delivery and deployment which results in the development of systems that are scalable and flexible, it needs a dynamic makeover.

The cloud services are offered in three different variants namely private cloud, hybrid cloud and public cloud. Private cloud refers to a model of cloud computing where IT services are provisioned over Private IT infrastructure for the dedicated use of a single organization and are usually managed via internal resources. A public cloud is one based on the standard cloud computing model, in which a service provider makes resources, such as virtual machines (VMs), applications or storage, available to the general public over the internet. Public cloud services may be free or offered on a pay-per-usage model. Whereas, Hybrid cloud is a cloud computing environment that uses a mix of on-premises, private cloud and third-party, public cloud services with orchestration between the two platforms.

A shift in trend from monolithic to microservices architecture can explain the prevailing opportunities in the microservices, as microservices can be as modular as possible. Adoption of microservices by Netflix, eBay, Amazon, Twitter, PayPal, and other tech giants emphasize the importance of microservices for Agile and DevOps teams. Security issues are the only possible unhealthy features possible, but are rare. In addition the presence of global IT giants in the cloud microservices segment like oracle, IBM, Microsoft and others is an example for the possible requirement and demand for cloud microservices.

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