Global Microservices in Healthcare Market Is Expected to Reach Around USD 519 Million by 2025

Sarasota, FL -- (SBWire) -- 03/30/2019 --According to the report, the global microservices in healthcare market was valued at approximately USD 130 million in 2018 and is expected to generate around USD 519 million by 2025, at a CAGR of around 21.9% between 2019 and 2025.

Microservices (also called microservice architecture) is a process of developing innovative software systems that emphasize on structuring solo function modules with precise actions and interfaces. Services within the microservice architecture are procedures that mutually converse over the linkage to achieve their individual goals. The microservice architecture allows continuous placement/transport of intricate applications, thereby allowing establishments to advance their tech infrastructure.

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The rising need for automation in the healthcare sector, increasing demand for speeding up service deployment, and microservices' ability to resolve issues of complexity, fast adoption of innovative technology, and surge overall productivity, and growing dependence on cloud-based services will act as drive the global microservices in healthcare market. Increasing investments made by the leading market players for developing new products and increasing awareness regarding the implementation of microservices will open new growth opportunities for the participants in the global microservices in healthcare market. Nonetheless, data security concerns, the intricacy of microservice architecture, challenges faced by establishments for executing microservices, hesitancy of service providers to shift from traditional monolithic design to microservice architecture, and regulatory compliance issues may restrict the global microservices in healthcare market.

The global microservices in healthcare market have been split into the delivery model, component, and end-user. Based on delivery model, the microservices in healthcare market is segmented into cloud-based and on-premises. The cloud-based models are sub-segmented into the public cloud, private cloud, and hybrid cloud. The cloud-based models are expected to show the maximum CAGR, due to the increasing adoption of cloud services. The component segment includes services and platforms. Services are sub-segmented into integration services and consulting services. The platform segment is expected to dominate the market. The end-user segment is segmented into healthcare payers, research organizations, healthcare providers, and life sciences industry.

By region, North America will lead the global microservices in healthcare market over the forecast time period, owing to consistent ongoing technological developments, fast adoption of innovative technology, growing preference for automation of services, increasing incorporation of cloud computing technology by the healthcare companies. Europe will be the second largest microservices in healthcare market in the future, owing to the positive steps taken by government organizations, increasing demand for speeding up service deployment, quick upgradation of healthcare services, and growing dependence on cloud-based solutions. The Asia Pacific is likely to propagate speedily over the estimated timeline, owing to the constantly improving healthcare structure, growing investments in various technologies related to healthcare, increasing per capita healthcare spending, and the rising need for automation in the healthcare sector.

Some key players of the global microservices in healthcare market are CA Technologies, AWS, Microsoft, Pivotal Software, Inc., Salesforce, IBM, Oracle, NGINX Inc., Syntel, and Infosys, among others.

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This report segments the global microservices in healthcare market as follows:

Global Microservices in Healthcare Market: By Delivery Model

Cloud-Based Models
Public Cloud
Private Cloud
Hybrid Cloud
On-Premises Models

Global Microservices in Healthcare Market: By Component

Services
Integration Services
Consulting Services
Platforms

Global Microservices in Healthcare Market: By End-User

Healthcare Payers
Research Organizations
Healthcare Providers
Life Sciences Industry

Global Microservices in Healthcare Market: By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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