Cloud Native Application Market Size Worth $259.03 Billion By 2032 | CAGR: 48.00%

The global cloud native application market size is expected to reach USD 259.03 billion by 2032, according to a new study by Polaris Market Research. The report “Cloud Native Application Market Share, Size, Trends, Industry Analysis Report, By Deployment mode (Private Cloud, Public Cloud, Hybrid Cloud); By Component; By Vertical; By Organizational Size; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Cloud-native applications harness the latest cloud technologies and services, providing customers with novel functionalities and features that conventional apps cannot offer. In case of a company's primary data center experiencing a collapse or damage, the swift and straightforward relocation of cloud-native applications to a new location is possible. These applications are adaptable for deployment on various cloud platforms, enabling enterprises to choose the one that best aligns with their requirements.

As users increasingly recognize the advantages provided by cloud-native applications, their adoption is experiencing substantial growth, thereby driving market expansion.

Businesses are following suit, especially when it comes to telecom applications that leverage microservices, containers, and state-optimized design. The growing demand for cloud-native systems within this industry can be attributed, in part, to the accelerated pace of software updates and releases. By harnessing the built-in capabilities of the Network Functions Virtualization Infrastructure (NFVI) layer and adapting software architecture, companies can also automate cloud data center resources. Furthermore, cost savings, swift deployment, and enhanced customer engagement are additional factors contributing to the revenue expansion in this market.

Prominent market contenders are vying for competitiveness by introducing a wide array of innovative solutions. The graphic displays the revenue distribution among select market leaders. These top players are employing a range of strategies to address the demands emerging from various industries. Among the key strategies prevalent in the market, acquisitions hold a significant place.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Cloud Native Application devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Cloud Native Applications throughout the forecast period.

Cloud Native Application Market Report Highlights

• In 2022, the hybrid cloud sector retained a modest portion of the revenue pie. The escalating need for scalable and budget-friendly computing solutions is propelling the segment's revenue growth. Market stakeholders are embracing the hybrid cloud model as a solution to previously daunting business challenges that traditional IT infrastructure struggled to address. Furthermore, the hybrid cloud is catalyzing cooperation between IT and business operations by boosting agility and efficiency, all while providing cost-effective and rapid IT resource provisioning.
• In 2022, the IT & telecom sector secured a moderate share of revenue. A key driver of revenue growth in this industry is the increasing integration of fifth-generation (5G) technology in the telecom sector. With 5G, the newly standardized Third-Generation Partnership Project (3GPP) 5G Core functions are built on cloud-native and container-based foundations. This has spurred the adoption of cloud-native technologies by many operators and vendors, drawn to the numerous advantages they offer.
• In 2022, the North American market secured the largest portion of revenue. The swift uptake of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Machine Learning (ML), and other innovations across diverse industries has emerged as a leading force driving revenue growth in this region. The capabilities of AI and ML enable businesses to efficiently deploy and manage cloud platforms. Additionally, the ever-evolving market landscape has prompted end-user companies to swiftly embrace cloud platforms, thereby accelerating revenue growth.
• The global key market players include Amazon.com, Inc., Cognizant, Google LLC, IBM Corporation, Infosys Limited, Microsoft Corporation, Oracle Corporation, Red Hat, Inc., SAP SE, VMware, Inc.

Polaris Market Research has segmented the Cloud Native Application market report based on component, deployment mode, vertical organizational size, and region:

Cloud Native Application, Deployment mode Outlook (Revenue - USD Billion, 2019 - 2032)

• Private Cloud
• Public Cloud
• Hybrid Cloud

Cloud Native Application, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Services
• Platforms

Cloud Native Application, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Retail & eCommerce
• Manufacturing
• Government & Public Sector
• Healthcare & Lifesciences
• IT & Telecom
• BFSI
• Others

Cloud Native Application, Organizational Size Outlook (Revenue - USD Billion, 2019 - 2032)

• SMEs
• Large Enterprises

Cloud Native Application, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Cloud Native Application Market Report Scope