Cloud-Native Platforms Market Size, Share & Industry Analysis, By Component Type (Solution, Service), By Deployment Type (Private cloud, Public cloud, Hybrid cloud), By Industry Vertical (IT & Telecom, BFSI, Retail and e-commerce, Mobile and entertainment, Government, Healthcare & life science, Travel & hospitality) And Regional Forecast, 2024-2032

The term cloud-native refers to the concept of building and running applications to take advantage of the distributed computing provided by the cloud delivery model. Cloud-native apps are designed and built to take advantage of the scalability, resilience, and flexibility of the cloud.

With built-in cloud-native applications and built for the cloud, you can get your ideas to market rapidly. There are user expectations for a cloud-native approach to running applications, responsiveness, zero downtime, and innovative features. This underscores the fact that the cloud is the backbone of strategic transformation that accelerates business speed.

In recent times, Cloud-native technology enables enterprises to run and build scalable applications in dynamic, modern environments such as private clouds, hybrid clouds, and public clouds. There are many big companies are working on huge scale Cloud-native platforms. Most companies today are implementing new technologies such as artificial intelligence, machine learning, and big data analytics into their day-to-day operations.

Impact of COVID-19 on Cloud-native platforms Market:

The emergence of the COVID-19 pandemic has had a serious impact on almost every industry in the world including cloud-native platforms. In addition, lockdown enforcement in various countries and restrictions on the movement of non-essential goods and resources are disrupting the supply chain of electronic components and network equipment. This delays the delivery of electronic components needed to manufacture network equipment. During the pandemic, companies have continued to expand their cloud and application development services. Before the pandemic, various organizations made applications manually available to customers.

• Increased productivity and agility through scalability and reliability:

Cloud-native platforms include DevOps allows developers to fully automate continuous integration and continuous delivery pipelines as new code is quickly tested and pushed into the production environment of the application. Companies can also bring new ideas into production in minutes or hours instead of weeks or months, leading to innovation and competitiveness.

• Enterprise use of advanced technology:

Most companies today are implementing new technologies such as artificial intelligence, machine learning, and big data analytics in their normal operations. The implementation of this cutting-edge technology is a fast, scalable, and agile environment for developing large amounts of data to process and developing applications for creative and profitable growth opportunities in the global cloud-native technology market.

Segmentation:

Key Insights:

• The report provides a detailed analysis of the global cloud-native technology market share, as well as information on key drivers, constraints, and opportunities.


• This study provides an analytical depiction of the global cloud-native technology market, along with current trends and future estimates to determine future investment pockets.


• It also provides a detailed analysis of the cloud-native technology market based on the fierce competition and how the competition will form in the coming years.

Regional Analysis:

The global cloud-native software market is divided into North America, Europe, Asia Pacific, and other regions.

• The Asia-Pacific cloud market is segmented by the user (enterprise and consumer), entertainment, application (gaming, finance and business education, healthcare, travel, and other applications), and geography.


• North America has the largest market share. The increased availability of skilled workers and the strong focus provided by SMEs and large enterprises starting and growing in this region.

• Europe, Latin America, and Middle East & Africa are also emerging markets for Cloud-native technology.

Key Players Covered:

Infosys Corp., Bacancy technology Pvt ltd., Pivotal infrastructure Pvt ltd., Cloudhelix Limited., LTI Infotech Corp., Computaris Inc., Cognizant Technology Inc., Indianic infotech ltd, Infostretch corporation, Sciencesoft Corp.

Key Industry Developments:

• April 2021 - IBM introduced the IBM Cloud for Education Applications Lab, It is the first product of the IBM Cloud for Education. The IBM Cloud for Education aims to combine all the IBM Cloud services and resources most commonly used by scholars into a package that facilitates adoption and consumption in one place.


• July 2021 - Google Cloud and SAP SE can expand their strategic relationships and it enables customers to transform their business, move key business systems to the cloud and extend existing business systems with Google Cloud AI and machine learning (ML) capabilities.


• May 2021 - Orange has implemented Wizitivi's Streamava cloud gaming platform in French. The white-label cloud gaming app is provided to users to complement the operator's 5G expansion. Users can play over 300 games from leading publishers on their mobile devices without downloading anything.