February 19, 2025
Cloud Native Software Market
Ict

Cloud Infrastructure Segment Contributing Large Share In Global Cloud Native Software Market

The global Cloud Native Software Market is estimated to be valued at US$ 5.80 billion in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The cloud native software offers various advantages such as rapid and continuous delivery process, high velocity and resilient applications, increased productivity, and microservices based architecture. This is fuelling the adoption of cloud native applications across industries for modernizing legacy applications and developing new applications.

Market key trends:
The increasing adoption of DevOps practices among enterprises is one key trend boosting the growth of the cloud native software market. DevOps helps in integrating development and operations teams to automate and streamline the deployment of applications. This further helps organizations adopt cloud native techniques like microservices architecture and continuous delivery to improve productivity and efficiency.DevOps adoption allows enterprises to achieve faster delivery of high-quality software updates, reduces development costs and timelines, improves collaboration between development and operations teams, and enhances the overall software development process.

Segment Analysis

The global Global Cloud Native Software Market is segmented by component, organization size, deployment, vertical, and region. Component-wise, the market is bifurcated into platform and services. The services segment dominated in 2023 and is expected to maintain its dominance over the forecast period, exhibiting a CAGR of around 8.3%. This is attributed to the growing need for professional and managed services among enterprises for smooth functioning of cloud native platforms.

By organization size, the market is classified into large enterprises and SMEs. Large enterprises held a larger market share in 2023 due to rising adoption of digital transformation strategies. However, the SMEs segment is expected to witness higher growth owing to increasing adoption of cloud native technologies to optimize operation costs.

Key Takeaways

The global cloud native software market size is expected to grow from US$ 5.80 billion in 2023 to US$ 16.12 billion by 2030, expanding at a CAGR of 7.7% during the forecast period. Rapid digitization across industries is a key factor driving the market.

Regionally, North America dominated the global market in 2023 with a share of around 35%, followed by Europe and Asia Pacific. This is owing to strong presence of prominent cloud service providers in the region. The Asia Pacific region is expected to witness fastest growth owing to rising infrastructure spending and development of advanced cloud infrastructure in countries such as China and India.

Key players operating in the cloud native software market are Microsoft, IBM, Dynatrace, Datadog, Splunk, New Relic, GitLab, CircleCI, CloudBees, Snyk, Twistlock, Qualys, Salesforce, SAP, Adobe, Oracle, VMware, Red Hat, Rancher Labs and Sysdig. Prominent players are investing in R&D to develop innovative cloud native platforms and solutions and strengthen their market presence through strategic expansion initiatives. For instance, in November 2022, GitLab announced the acquisition of Opstrace to strengthen its observability capabilities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →