Microservices Architecture Market is expected to reach approximately USD 33 Billion by 2023

Microservices Architecture Market Share

North America region is the dominating player in the microservices architecture market owing to presence of major players in the region. Cloud solution such as software as service (SaaS) and platform as a service (PaaS) contributes largest market segment in the region. US market contributes highest revenue in the North America region. Most of the companies in the North America region has adopted microservices architecture technology in e-commerce, financial and travel services. The experts from the region emphasis on strong microservices architecture as compare to monolithic pattern. Its impact on e-commerce industry has been tremendous and has the leverage the business of major e-commerce companies such as Amazon. It enables financial sector by providing easy extensibility and flexibility of components. Reducing risk and compute cost by transferring workloads to cost effective run times and boosting development cycles and swiftness.

What is it — Microservices Architecture

Microservices architecture is defined as a method used for the development of applications in which the extensive application is bifurcated into small modular services. In this, each module tends to help a particular business goal and uses simple language with a well-defined interface to interact with other services.

In recent times, microservices architecture is progressively adopted by big organizations, across the globe, as an integral mechanism for developing applications. In simpler words, microservices architectural style defines a setup, where application components are separate from the applications of their own. These independent application components tend to communicate with each other using RMI (Remote Method Invocation), Restful Web Services, or Push Messaging.

There are several characteristics of microservices architecture based application that are as follows:

  • Service enabled and independently running components.
  • Independently running components classify business capabilities.
  • Smart components use simple communication channels such as simple RESTish protocol or lightweight messaging queue.
  • Each independent component can use its exclusive standard for progress and deployment.
  • Includes automated infrastructure management.

Why a Microservices Architecture is Important?

Designing a particular architecture can be distinguished as much as a business decision in a technological way. In this article, here are five important reasons why a business should consider moving towards a microservices architecture.

  • Faster Innovation

Businesses should go for microservices architecture to adapt to the changing market conditions as faster innovation is taking place in this current era. Thanks to the technology-oriented world, which is making every business to alter its way of work in order to gain success.

Microservices assists in adapting more quickly to the changing market conditions as it allows applications to be updated and tested immediately. This could result in the following market trends and adapt products faster. Microservices also offers an edge when it comes to innovation. With this, developers can experiment on applications without fear of causing problems. Thus, in today’s rapidly changing market, to get an edge on innovation helps in maintaining the current revenue streams while driving new revenue parameters in the microservices architecture market share.

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