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Cloud Native Applications Market Analysis By Component (Software, Services), By Deployment Mode (Public, Private, Hybrid Cloud), By End User (BFSI, Healthcare, Retail, Manufacturing, Government, Others) & forecast 2024-2035

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Market Overview:
The global Cloud Native Applications Market size was valued at USD 10.56 billion in 2022, and is projected to reach USD 20.57 billion by 2032 at a CAGR of 22.5% from 2022 to 2032. Cloud Native Applications refer to applications that are designed and built specifically to run in a cloud computing environment. This means that they are developed using cloud-native principles and technologies, such as containers, micro services, and orchestration, to take advantage of the flexibility, scalability, and resilience of cloud infrastructure. Cloud Native Applications have become increasingly popular in recent years, as organizations have realized the benefits of moving their applications to the cloud. These benefits include greater agility, faster time-to-market, improved scalability, and lower costs. Cloud Native Applications also allow organizations to take advantage of cloud-based services such as databases, machine learning, and analytics, which can help them to gain insights and improve their operations, which is bolstering the growth of Cloud Native Applications market share.
One of the key benefits of Cloud Native Applications market is that they are designed to be highly scalable and resilient. Cloud Native Applications are also designed to be highly portable, which means that they can be easily moved between different cloud platforms or even between on-premises and cloud environments. This is achieved through the use of containers, which provide a lightweight and standardized way of packaging applications and their dependencies.
Overall, the Cloud Native Applications market is poised for continued growth in the coming years, as more organizations recognize the benefits of developing and deploying applications using cloud-native principles and technologies. As Cloud Native Applications market grows, we can expect to see continued innovation in the tools and platforms used to develop and manage Cloud Native Applications, as well as increasing adoption of these applications across a range of industries and use cases.
Growing increasing adoption of cloud computing is propelling the Cloud Native Applications market growth.
Cloud computing has revolutionized the way that businesses access and use computing resources by providing on-demand access to a shared pool of configurable computing resources, including servers, storage, databases, and software applications. Cloud computing has made it easier and more cost-effective for businesses to deploy and manage their applications, and has also enabled them to take advantage of the latest technologies and innovations. Cloud Native Applications are specifically designed to take advantage of cloud computing, which is propelling the Cloud Native Applications market growth. This means that as more businesses adopt cloud computing, they are also increasingly turning to Cloud Native Applications as a way to optimize their application development and deployment processes. Another factor driving the growth of the Cloud Native Applications market is the need for faster and more agile software development. Traditional application development processes are often slow and cumbersome, with long lead times and high costs. This can be a major impediment for businesses that need to respond quickly to changing market conditions, customer needs, and other factors.
Cloud Native Applications, on the other hand, are designed to be highly agile and responsive, with rapid development cycles and continuous delivery of new features and updates. This is achieved through the use of microservices, which enable developers to break down applications into smaller, independent components that can be developed, tested, and deployed separately. This makes it easier and faster for developers to make changes to their applications, and to respond quickly to changing requirements and user feedback. Overall, the increasing adoption of cloud computing and the need for faster and more agile software development are two of the key driving factors behind the rapid growth of the Cloud Native Applications market.
Segmentation:
By Component
• Software
• Services
By Deployment Mode:
• Public
• Private
• Hybrid Cloud
By End User
• BFSI
• Healthcare
• Retail
• Manufacturing
• Government
• Others

Geography:
Currently, North America dominates the Cloud Native Applications market share and Cloud Native Applications market revenue generation. This is primarily due to the presence of a large number of Cloud Native Application providers in the region, as well as the high adoption rate of cloud computing and related technologies among businesses. The United States is the largest Cloud Native Applications market in North America, driven by the high adoption rate of cloud computing and the presence of several key players in the region. Many large businesses in the US are shifting to cloud-based services and applications to improve their operational efficiency and reduce costs. Additionally, the government's initiatives to promote cloud computing adoption among small and medium-sized enterprises (SMEs) are also contributing to the growth of the Cloud Native Applications market in the region. However, the Asia Pacific region is expected to witness significant growth in the Cloud Native Applications market in the coming years. This can be attributed to the rapid adoption of cloud computing and related technologies among businesses in the region, as well as the increasing investments in digital transformation initiatives. Countries like China, India, and Japan are expected to lead the growth in the region, driven by the large population, growing economy, and increasing focus on innovation and technology. Such factors are propelling the Cloud Native Applications market growth.
Recent Developments:
Some of the recent developments in the Cloud Native Applications market include:
• In March 2022, Microsoft announced the general availability of Azure Arc-enabled Kubernetes, a new service that enables customers to manage Kubernetes clusters across multiple clouds, data centers, and edge environments.
• In October 2021, Google Cloud announced the launch of its new Anthos Ready Storage program, which is designed to help customers easily deploy storage solutions that are compatible with Anthos, its hybrid and multi-cloud platform.
• In September 2021, Red Hat announced the release of OpenShift 4.9, its Kubernetes-based platform for developing and deploying cloud-native applications. The new release includes several new features and enhancements, including improved security, better performance, and enhanced developer experience.
• In July 2021, Amazon Web Services (AWS) announced the general availability of its new AWS Proton service, which is designed to help customers streamline the process of deploying and managing containerized applications on AWS.
• In May 2021, VMware announced the acquisition of Mesh7, a cloud-native application security startup. The acquisition is expected to help VMware improve the security of its Tanzu platform, which is used for developing and deploying cloud-native applications.
Impact of the Russia-Ukraine War on the global Cloud Native Applications Market:
One potential impact of the conflict on the Cloud Native Applications market is related to the supply chain and distribution channels of various companies. If the conflict disrupts the supply of key components or raw materials needed for Cloud Native Applications market, it could potentially lead to shortages, price hikes, or delays in product delivery. This could, in turn, impact the revenue and profitability of companies operating in the Cloud Native Applications market. Another potential impact of the conflict on the Cloud Native Applications market is related to the geopolitical implications of the conflict. The imposition of economic sanctions, trade restrictions, or other forms of geopolitical tensions could potentially disrupt the international flow of goods and services, which could have a negative impact on the Cloud Native Applications market, as it heavily relies on global supply chains and cross-border collaborations.
Company Profiles:
Some key companies operating in the Cloud Native Applications market include:
• Amazon Web Services (AWS)
• Microsoft
• Google Cloud
• IBM
• Red Hat
• VMware
• Pivotal Software
• Docker
• Mesosphere
• CoreOS
• Rancher Labs
• Sysdig
• Twistlock
• HashiCorp
• F5 Networks

Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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