According to a new report, published by KBV research, The Global Cloud Native Applications Market size is expected to reach $16.2 billion by 2028, rising at a market growth of 22.9% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 24.2% during (2022 - 2028). Using technology, cloud-native services facilitate the development of contemporary applications. Industry-leading cloud providers offer cloud-based tools and services such that developers can minimize operational responsibilities and build apps more efficiently. Cloud native application services provide developers with a comprehensive, standards-based framework for developing, deploying, and managing cloud native applications, including microservices and serverless functions.
The Public Cloud segment acquired maximum revenue share in the Global Cloud Native Applications Market by Deployment Mode in 2021 thereby, achieving a market value of $11.2 billion by 2028. The most prevalent form of cloud deployment is the public cloud. With a public cloud, the cloud service provider owns and manages the software, hardware, and other supporting infrastructure. There is no necessity to buy hardware or software, and users merely pay for the services they consume, while the service provider handles upkeep.
The SMEs segment has shown the growth rate of 24.8% during (2022 - 2028). Small and medium-sized businesses are especially susceptible to cyberattacks due to inadequate cybersecurity resources. Hence, several efforts to facilitate their transition to cloud services in a secure manner are anticipated to give market participants growth opportunities throughout the forecast period.
The BFSI segment is generating highest revenue share in the Global Cloud Native Applications Market by Vertical in 2021 thereby, achieving a market value of $4.3 billion by 2028. BFSI companies are rapidly utilizing cloud technology to store data and applications. Providers of cloud computing products and services offer increased income generation, customer insights, and cost savings. In addition, financial institutions have control over how they pay for the installed technology due to the proliferation of cloud computing models.
The North America market dominated the Global Cloud Native Applications Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.7 billion by 2028. The Europe market is exhibiting a CAGR of 22.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 24% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cloud-native-applications-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon.com, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Infosys Limited, VMware, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, Citrix Systems, Inc. (Cloud Software Group, Inc.), and Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.).
By Component
By Deployment Mode
By Organization Size
By Vertical
By Geography
Companies Profiled
Unique Offerings 
