Cloud Native Technologies Market

Cloud Native Technologies Market Statistics:

Cloud-native technology is the process that builds and develops applications with service package inside containers, managed by elastic infrastructure, and deployed as micro service by agile DevOps process and continuously delivery workflow. Cloud-native is one of the ways to increase speed of business by which organizations can manage their teams with the advantage of scalability and automation offered by cloud-native technologies. Cloud-native technology encourages enterprises to run and build scalable applications in dynamic and modern environments such as private, hybrid, and public clouds

Impact of COVID-19 on Cloud Native Technologies Market:

• The emergence of COVID-19 pandemic has severely affected almost all industries across the globe. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. This, has led to delay in supply of electronic components required in manufacturing of the network equipment.
• Companies have continued to expand cloud services and application development service during the pandemic.  Before the pandemic took hold, various organizations were providing manual release of applications to customers.
• New learnings among companies with respect to work-from-home (WFH) and data accessibility during the lockdown period has resulted in increasing enquiries for space and services at data centers and this trend is expected to create opportunities in for the market during the forecast period. 
• There is an increase in use of automation and even after situation returns to ‘normal’, the work style will continue to be data center-driven, with demand growth for higher penetration of e-commerce, digital payments, and widespread deployment of Big Data, apart from policy level push for automation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis 

Various factors such as increased Agility and Productivity, improved scalability and reliability, reduced costs. In addition to reduced vendor lock-in, enhanced portability and speed are some of the key driving factors for the growth of this market. However, intense competition and market pressure, persistent data storage, service integration are some of the factors which may restrain the growth of the market.

Furthermore, the requirement of continuous delivery due to the adoption of evolving technology and enhancement and growing adoption of cloud platforms is expected to boost the opportunities for the market.

Increase in productivity and agility with scalability and reliability: 

Cloud native technologies include DevOps which provides the developers to fully automate continuous integration and continuous delivery pipelines as it rapidly test and push new codes to production of the application. The enterprises are also be able to bring new ideas to production within minutes or hours instead of weeks and months which thus result in greater innovation and competitiveness. With the already offered scalability the enterprise would also able to match the demand of the profile which does not need an extra infrastructure planning and provisioning. Thus due to the increased scalability organizations would able to reduce their cost in addition to the enhanced productivity which is driving the growth of this market.     

Use of advanced technology in enterprises: 

Most of enterprise now a days implementing the emerging technology such artificial intelligence, machine learning and big data analytics in their regular practices. This implementation of cutting-edge technologies require a huge data for processing and fast, scalable and agile environment for the development and deployment of the application creative lucrative growth opportunities in the cloud native technology market globally. 

Key benefits of the report:

• This study presents the analytical depiction of the global cloud native technologies market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global cloud native technologies market share.
• The current market is quantitatively analyzed to highlight the global cloud native technologies market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides detailed cloud native technologies market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Cloud Native Technologies Market Report Highlights