Microservices in Healthcare Market Size, Share, Growth Report 2032

Microservices in Healthcare Market Size

The global Microservices in Healthcare market size was worth around USD 387.48 million in 2023 and is predicted to grow to around USD 2075.55 million by 2032 with a compound annual growth rate (CAGR) of roughly 20.5% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Microservices in Healthcare market on a global and regional level.

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Microservices in Healthcare Market: Overview

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. Microservices build applications by structuring all the bits concurrently by diverse teams instead of bit by bit. 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.

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.

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Microservices in Healthcare Market: Segmentation

The study provides a decisive view of the microservices in healthcare market by segmenting the market based on delivery model, component, end-user, and region.

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 component segment includes services and platforms. Services are sub-segmented into integration services and consulting services.

The end-user segment is segmented into healthcare payers, research organizations, healthcare providers, and life sciences industry.

Microservices in Healthcare Market: Report Scope

Microservices in Healthcare Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

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. Europe will be the second largest microservices in healthcare market in the future, owing to the positive steps taken by government organizations, increasing demand for speeding up service deployment, quick upgradation of healthcare services, and growing dependence on cloud-based solutions. The Asia Pacific is likely to propagate speedily over the estimated timeline, owing to the constantly improving healthcare structure, growing investments in various technologies related to healthcare, increasing per capita healthcare spending, and the rising need for automation in the healthcare sector.

Microservices in Healthcare Market: Competitive Players

Some key players of the global microservices in healthcare market are:

• CA Technologies
• AWS
• Microsoft
• Pivotal Software Inc.
• Salesforce
• IBM
• Oracle
• NGINX Inc.
• Syntel
• Infosys

The Global Microservices in Healthcare Market is segmented 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
• Middle East and Africa