The cloud native development global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Native Development Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cloud native development market size has grown exponentially in recent years. It will grow from $708.56 billion in 2023 to $881.98 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to agile development practices, microservices architecture, devops culture, scalability requirements, cost efficiency.
The cloud native development market size is expected to see exponential growth in the next few years. It will grow to $2065.64 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. The growth in the forecast period can be attributed to serverless computing, open source contributions, edge computing integration, ai and machine learning integration, enhanced security measures. Major trends in the forecast period include continuous innovation, hybrid and multi-cloud deployments, low-code/no-code platforms, containerization technology, kubernetes orchestration, containerization growth.
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Scope Of Cloud Native Development Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Native Development Market Overview
Market Drivers –
The growing adoption of cloud computing is expected to propel the growth of the cloud-native development market going forward. Cloud computing refers to the delivery of various computing services, including but not limited to storage, processing power, databases, networking, and software applications, over the internet. Cloud computing uses cloud-native development to maximize the efficiency, scalability, and flexibility of applications. For instance, in July 2023, according to International Data Corporation, a US-based information technology company, global revenue from public cloud services reached $545.8 billion in 2022, marking a substantial growth of 22.9% compared to 2021. Therefore, the growing adoption of cloud computing is driving the growth of the cloud native development market.
Market Trends –
Major companies operating in the cloud native development market are developing innovative solutions, such as advanced serverless solutions, to gain a competitive edge in the market. Serverless computing is a cloud computing model in which cloud providers dynamically manage the infrastructure required to run applications. For instance, in May 2022, DigitalOcean Holdings Inc., a US-based software company, launched DigitalOcean Functions, a serverless solution aimed at providing developers, startups, and small businesses with a fast, scalable, and cost-effective way to build applications without the need to manage cloud infrastructure. With DigitalOcean Functions, developers can focus on creating and scaling software without the hassle of provisioning and maintaining servers. The solution allows applications to automatically scale based on demand, making it ideal for unpredictable workloads. This offering responds to the growing demand for serverless functions, with a unified and integrated experience, developer console for testing, and seamless integration with DigitalOcean Managed Databases.
The cloud native development market covered in this report is segmented –
1) By Type: Solution, Service
2) By Deployment Model: Private Cloud, Hybrid Cloud, Multi-CIoud
3) By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
4) By End-User: Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Other End Users
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Regional Insights –
North America was the largest region in the cloud native development market in 2023. The regions covered in the cloud native development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cloud native development market report are Amazon Inc., Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, SAP SE, NTT Data Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Red Hat Inc., Nutanix Inc., Pivotal Software Inc., Alibaba Cloud, HashiCorp, GitLab Inc., SUSE Software Solutions , Samsung SDS Co. Ltd., DataStax Inc., Docker Inc., Puppet, Canonical Ltd., Neo4j Inc., Jenkins Software Foundation, Grafana Labs
Table of Contents
1. Executive Summary
2. Cloud Native Development Market Report Structure
3. Cloud Native Development Market Trends And Strategies
4. Cloud Native Development Market – Macro Economic Scenario
5. Cloud Native Development Market Size And Growth
…..
27. Cloud Native Development Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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