Microservices in Healthcare Market by Component (Platform, Services (Consulting, Integration, Training, Support, Maintenance)), Delivery (Cloud, Hybrid, Private, On-premise), End User (Health care Provider, Payer, Life Science) – Global Forecast to 2030
Microservices or microservice architecture is a method of developing advanced software systems that focus on building single function modules with well-defined operations and interfaces. Microservices provide agility and are designed to align well with changing service deployment processes in healthcare sector from traditional practices to automation of services.
The global microservices in healthcare market is projected to reach USD 402.3 million by 2030 from the estimated USD 114.1 million in 2020, at a CAGR of 19.3%. The benefits of microservice architecture, such as their ability to increase overall efficiency and project delivery speed, are the primary factor driving the market growth.
The services segment is expected to register a higher CAGR during the forecast period.
Based on component, the microservices in healthcare market is segmented into platforms and services. The services segment is further segmented into consulting services, integration services, and training, support, and maintenance services. Considering the dynamic nature of this market segment, currently, several vendors are innovating and offering various services in an effort to expand their customer base across the globe. The services segment is expected to grow at a rapid pace with the increasing deployment of microservices across the healthcare industry, globally
Global Microservices in Healthcare Market: Trends and Opportunities
Monolithic application software encompasses all software applications in a single-tier, and there is no specific focus on a single service. This reduces the efficiency of the healthcare industry and shifts the focus away from important functionalities. For this reason, the global demand for microservices in healthcare has been rising at a stellar pace in recent times. Moreover, microservices help in making swift and rapid changes to the overall architecture of the IT system. This factor has also led to the inflow of humongous revenues in the global microservices in healthcare market. There is a dire need to increase the agility of the healthcare sector which has in turn aided market growth.
Geographically, the global microservices in healthcare market has been segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. The microservices in healthcare market in the North America region is anticipated to expand significantly during the forecast period owing to the increasing inclination towards automation of services in various industrial sectors and easy adoption of technologically advanced solutions to upgrade the healthcare services in this region. Increasing investment for incorporation of advanced technology and reliance on cloud-based solutions in the healthcare sector are fueling the growth of the microservices in healthcare market in the Europe region. The microservices in healthcare market in the Asia Pacific region is expanding at a noteworthy pace owing to the high demand for advanced solutions for managing large number of services and increasing awareness regarding the benefits of these services for business development in this region.
Some of the leading players operating in the global microservices in healthcare market are Amazon Web Services, Inc., (the U.S.), CA Technologies (the U.S.), Microsoft (the U.S.), Salesforce.com, Inc., (the U.S.), Pivotal Software, Inc. (the U.S.), Infosys (India), IBM (the U.S.), NGINX Inc. (the U.S.), Oracle Corporation (the U.S.), and Syntel (the U.S.).
Microservices in Healthcare Market, by Component
Microservices in Healthcare Market, by Delivery Model
• On-premise Models
• Cloud-based Models
Microservices in Healthcare Market, by End user
• Healthcare Providers
• Healthcare Payers
• Lifesciences Industry
• Research Organizations