New York, NY, March 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Microservices in Healthcare Market by Delivery Model (Cloud-Based and On-premises), by Component (Services and Platforms), and by End-User (Healthcare Payers, Research Organizations, Healthcare Providers, and Life Sciences Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. 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.
Browse through 55 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Microservices in Healthcare Market: By Type, Size, Share, Applications, Growth, Analysis and Forecast 2018–2025”.
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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.
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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. The U.S. is the leading microservices in healthcare market at the country level in North America and will progress at the topmost CAGR during the anticipated timeframe.
The European market will display substantial growth over the assessment period, owing to the positive steps taken by the government organizations, increasing demand for improving up service set up, quick upgradation of healthcare facilities in the region, and dependence on cloud-based solutions.
Browse the full “Microservices in Healthcare Market by Delivery Model (Cloud-Based and On-premises), by Component (Services and Platforms), and by End-User (Healthcare Payers, Research Organizations, Healthcare Providers, and Life Sciences Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/microservices-in-healthcare-market
The Asia Pacific microservices in healthcare market is anticipated to expand at the dominant rate during the projected time period. India, China, and Japan are expected to be the key countries of the Asia Pacific microservices in healthcare market, owing to the constantly improving healthcare structure, large-scale investments in the technologies related to healthcare, increasing per capita healthcare spending, and the rising need for automation in the healthcare sector.
The Latin American microservices in healthcare market will record swift growth over the estimated time period, owing to the increasing investments made by major players in the region and initiatives taken by the government. The Middle Eastern and African market is predicted to demonstrate limited growth in the future due to lack of awareness and the absence of the latest healthcare set-up.
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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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