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Cloud Native Applications Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Deployment Mode, by Enterprise Size, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2032

Cloud Native Applications Market Size, Share, Competitive Landscape and Trend...

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Cloud Native Applications Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Deployment Mode, by Enterprise Size, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2032
Cloud Native Applications Market Size,...
Report Code
RO9/128/1215

Publish Date
30/Apr/2024

Pages
200
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The global cloud native applications market revenue was around US$ 6.6 billion in 2023 and is estimated to reach US$ 48.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 25.2% during the forecast period from 2024 to 2032.

The cloud native applications market concentrates on the distribution, creation, and administration of applications that are specially made to operate on cloud computing platforms. Applications that are built with cloud-native principles and technologies can completely benefit from the flexibility, scalability, and efficiency offered by the cloud. The ability to be operated and deployed in a distributed manner is one of the prior features of cloud native applications.

Factors Influencing Market Growth

- The increase in the adoption of IoT devices and the growth in the need for data privacy and security, primarily propel the growth of the cloud native application market.

- The inconsistency in the IoT standards for compatibility hinders the growth of the cloud native applications market to some extent.

- The rise in the adoption of cloud-based devices is anticipated to offer lucrative opportunities for cloud native applications market forecast.

Impact of COVID-19

The demand for cloud native applications surged as businesses quickly embraced digital transformation goals and organizations globally relocated to remote work. The cloud native application has to be vital for maintaining the growth in online activity, allowing remote collaboration, and ensuring company continuity. During the COVID-19 pandemic, organizations that had once been unwilling to shift their apps to the cloud soon comprehended the benefits of cloud-native architecture.

Regional Analysis

In 2023, North America dominated the global cloud native applications market in terms of revenue. This is due to the rise in several IoT applications hosted on the cloud and the growing investments in appearing technologies like social media, big data, and due to mobility.

Also, Asia-Pacific is anticipated to notice the fastest growth because of the transformation of telecommunication and IT with the growing adoption and the growth of cutting-edge technology, like data analytics, cloud computing, AI, and IoT, which propels the requirement for cloud native applications in this region.

Leading Companies

The leading prominent companies profiled in the global cloud native applications market are: -

- Amazon.com, Inc.
- Google LLC
- IBM Corporation
- Infosys Limited
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Red Hat, Inc.
- VmWare, Inc.
- Cognizant
- Other prominent key players

Segmentation Outline

The global cloud native applications market segmentation focuses on Component, Deployment Mode, End User, Enterprise Size, and Region.

Segmentation based on Component

- Platform
- Service

Segmentation based on Deployment Mode

- Public Cloud
- Private Cloud
- Hybrid Cloud

Segmentation based on End User

- BFSI
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Government
- Manufacturing
- Others

Segmentation based on Enterprise Size

- Large Enterprise
- Small and Medium-sized Enterprise

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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