Cloud Native Technologies Market to Witness Robust Growth with a Projected CAGR of 15.2% over 2023-2030, says MarkWide Research
According to a new report published by MarkWide Research, titled, “Cloud Native Technologies Market: Soaring Trends and Forecast, 2023-2030”, the global cloud native technologies market is poised for substantial growth, driven by the increasing adoption of cloud computing, the rapid expansion of microservices architecture, and the surge in demand for containerization solutions across various industries.
Cloud native technologies have gained significant traction in recent years due to their ability to provide agility, scalability, and flexibility to businesses. These technologies enable organizations to build and run applications that fully leverage the benefits of cloud computing, such as elasticity and on-demand resource allocation.
The report highlights that the cloud native technologies market is projected to witness a remarkable compound annual growth rate (CAGR) of 15.2% during the forecast period from 2023 to 2030. This growth can be attributed to several factors, including the increasing preference for DevOps practices, the rising need for efficient application deployment and management, and the growing adoption of hybrid and multi-cloud strategies.
One of the key drivers of the cloud native technologies market is the proliferation of microservices architecture. This approach to software development allows businesses to break down complex applications into smaller, manageable services that can be developed, deployed, and scaled independently. As organizations strive to innovate and release software faster, microservices architecture becomes a pivotal enabler.
Furthermore, the adoption of containerization solutions, such as Docker and Kubernetes, is another major factor fueling the market’s growth. Containers provide a lightweight and efficient way to package, distribute, and run applications consistently across different environments. They enhance application portability and enable seamless migration between on-premises and cloud infrastructures.
The report segments the cloud native technologies market based on components, deployment models, organization sizes, industries, and regions. It provides a comprehensive analysis of each segment’s market size, growth prospects, and trends. Additionally, the report assesses the competitive landscape, profiling key players in the market and shedding light on their strategies, partnerships, and product offerings.
North America is anticipated to dominate the cloud native technologies market during the forecast period, owing to the strong presence of major cloud providers, increased technology investments, and a robust ecosystem of startups and enterprises adopting cloud native practices. However, the Asia-Pacific region is expected to witness the highest growth rate, attributed to the rapid digital transformation initiatives and the burgeoning IT industry in countries like India and China.
In conclusion, the global cloud native technologies market is set to experience remarkable growth in the coming years. As businesses strive to achieve greater agility, scalability, and innovation, cloud native technologies will continue to play a pivotal role in reshaping the landscape of application development and deployment. The projected CAGR of 15.2% reflects the strong demand for these technologies and their potential to drive business success in the era of digital transformation.