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Increasing adoption of innovative software approaches that extend beyond programmers, reach out to novice developers is a key factor driving the market

VANCOUVER, BC, CANADA, February 15, 2023 /EINPresswire.com/ -- The Global Cloud Native Platforms Market size was USD 3,787.9 Million in 2021 and is expected to register a revenue CAGR of 23.5% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of Infrastructure as a Code (IaC) is a key factor driving market revenue growth. IaC is a strategy that is intended to reduce developer workload and remove the need for physical hardware configuration. In addition, by utilizing configuration files, industry professionals manage Information Technology (IT) infrastructure. IaC also aims to solve challenges associated with physical servers and configuration, as well as their high cost and lowers cost of infrastructure management. Moreover, IaC and other automation strategies combined aim to reduce time-consuming and error-prone tasks of managing IT infrastructure. As a result, end-use companies are increasingly integrating cloud native trends such as IaC into DevOps.

Increasing emphasis on improving consumer satisfaction, rising business agility, scalability, flexibility, and other factors are major factors driving market revenue growth. As businesses shift to a cloud-native future, an exponential increase in use of cloud-native technologies across multiple industries is expected. In addition, adopting newer trends can assist businesses in replacing manual, slow, or specific stacks of technology, or even reinventing their enterprise Information Technology (IT) structure towards a smoother workflow.

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Some Key Highlights From the Report
The public cloud segment accounted for a significant revenue share in 2021. Increasing demand for next-generation industrial solutions is a key factor driving market revenue growth. In addition, rising complexity of business models is contributing to market revenue growth. For instance, Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), and others are adopted for real-time analytics, which in turn, improves business decisions. Moreover, cloud native platforms aid in optimization and managing these technologies judiciously.

The BFSI segment accounted for a significant revenue share in 2021. Increasing application of cloud-native banking infrastructure is a key factor driving market revenue growth. Cloud-native banking infrastructure provides various benefits, for instance, cost reduction and increased cost predictability. In addition, it improves compliance and security, which are the two most significant barriers to digital transformation in the financial services industry. Furthermore, both approaches are simplified by cloud-native infrastructure, which automatically integrates new threats and regulations to ensure seamless data security and compliance.

The North America market accounted for largest revenue share in 2021. Wide availability of skilled professionals is a key factor driving market revenue growth. In addition, various end-use companies are significantly investing in expanding their business operations, which in turn, is contributing to market revenue growth. Moreover, companies are realizing benefits associated with utilizing cloud-based applications, such as minimized production cost, ease of resource management, and others, which are significantly contributing to market revenue growth in this region.

Some major companies in the global market report include ScienceSoft USA Corporation, Apexon, IndiaNIC Infotech Limited, Cognizant, R Systems Inc., LTI – Larsen & Toubro Infotech, Ekco, Bacancy Technology, Infosys Limited, and IBM.

On 29 July 2021, Google, which is a technology, information, and internet company headquartered in Mount View, California announced its partnership with SAP, which is a German-based software solution provider to capitalize on and expand existing capabilities of cloud solutions. Both companies have previously worked together on innovations such as Fast Restart and Memory Poisoning Recovery capabilities for S/4HANA workloads, real-time access to advanced Machine Learning (ML) capabilities, and integration with industry's best cloud security and network infrastructure.

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Emergen Research has segmented the global cloud native platforms market based on deployment type, industry, and region:
Deployment Type Outlook (Revenue, USD Million; 2019-2030)
Private Cloud
Public Cloud
Hybrid Cloud

Industry Outlook (Revenue, USD Million; 2019-2030)
IT & Telecom
BFSI
Retail and E-Commerce
Mobile and Entertainment
Others

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Regional Outlook (Revenue, USD Million; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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What Questions Should You Ask before Buying a Market Research Report?

How is the Cloud Native Platforms market evolving?

How will the market shares for each Cloud Native Platforms submarket develop from 2022 to 2030?

What will be the main driver for the overall market from 2022 to 2030?

Will leading Cloud Native Platforms markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?

Who are the leading players and what are their prospects over the forecast period?

What are the Cloud Native Platforms projects for these leading companies?

How will the industry evolve during the period between 2020 and 2030? What are the implications of Cloud Native Platforms projects taking place now and over the next 10 years?

Thank you for reading our report. Please get in touch with us if you have any queries regarding the report or its customization. Our team will ensure the report is best suited to your needs.

Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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