Cloud Microservices Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

The global cloud microservices market is anticipated to grow at a considerable CAGR of 20.8% during the forecast period. Cloud computing is a major driver of the cloud microservices market as it provides businesses with a scalable and reliable platform for deploying and managing microservices-based applications. Cloud computing is a model for delivering IT services over the Internet with pay-as-you-go pricing. Cloud computing providers offer a high level of reliability, with uptime guarantees of 99.9% or higher. This is important for businesses that need to ensure that their applications are always available to their customers. Cloud computing can be more cost-effective than traditional on-premises IT infrastructure because businesses only pay for the resources that they use, and they do not need to invest in and maintain their hardware and software. Amazon Web Services (AWS) is a cloud computing platform that offers a wide range of cloud services, including cloud microservices platforms. AWS is used by several large companies to deploy and manage their microservices-based applications, including Netflix, Airbnb, and Spotify.

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Spotify's streaming platform is built on a microservices architecture, and the company uses AWS's cloud microservices platform to deploy and manage its microservices. Spotify uses AWS to deploy and manage its microservices for music streaming, recommendations, and user authentication. The company also uses AWS to store and process its data, and to deliver its streaming service to its users around the world.

Global Cloud Microservices Market Report Segment

By Deployment model 

• Public cloud


• Private Cloud


• Hybrid cloud

By Enterprise Size 

• Small and medium-sized enterprises (SMEs)


• Large enterprises

By Application

• BFSI


• E-Commerce


• Healthcare


• IT and telecom


• Manufacturing


• Others (Education, Government, Media and Entertainment and Other)

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Company Profiles

• Accenture PLC


• Broadcom, Inc.


• Capgemini Services SAS


• Cisco Systems, Inc.


• Cloud Software Group, Inc. (Citrix)


• Cognizant Technology Solutions Corp.


• Dell International Services India Pvt. Ltd.


• Deloitte LLP


• Ernst & Young Global Ltd


• F5, Inc.


• Hewlett Packard Enterprise Co.


• Infosys Ltd.

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