Kubernetes Service Mesh Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Offering (Solutions, and Services), By Deployment Mode (On-Premises, and Cloud-Based), By Organization Size (SMEs, and Large Enterprises), By Industry Vertical (Healthcare, IT & Telecom, BFSI, Manufacturing, Retail & E-commerce, Government & Public, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Kubernetes Service Mesh Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Offering (Solutions, and Services), By Deployment Mode (On-Premises, and Cloud-Based), By Organization Size (SMEs, and Large Enterprises), By Industry Vertical (Healthcare, IT & Telecom, BFSI, Manufacturing, Retail & E-commerce, Government & Public, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Region: Global
Published: September 2024
Report Code: CGNIAT938
Pages: 206

The Global Kubernetes Service Mesh Market was valued at USD 180.2 Million in 2023 and is anticipated to reach a value of USD 259.6 Million by 2031 expanding at a CAGR of 4.7% between 2024 and 2031.

A kubernetes service mesh is a type of configurable software infrastructure layer for microservices applications that manages communication between services within a Kubernetes, and makes communication flexible, scalable, and secure. A Kubernetes service mesh enhances application security, observability, and reliability. A Kubernetes service mesh is a platform-level infrastructure that adds security, monitoring, and the overall quality of microservices applications. Microservices infrastructures are heavily rely on network, where service mesh manages network traffic between services. There are also other various ways to manage this network traffic, but they are less sustainable than service mesh as they demand more operational burden. A Kubernetes service mesh streamlines microservices communication by abstracting away complex networking concerns. The market is influenced by factors such as growing adoption of microservices architecture, and rising complexity of modern applications. Kubernetes Service meshes are widely adopted in healthcare, IT & telecom, BFSI, manufacturing, retail & e-commerce, government & public, and other industries.

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Kubernetes Service Mesh Market Major Driving Forces

Growing Adoption of Microservices Architecture: The rising adoption of microservices architecture in organizations is major factor driving the growth of kubernetes service mesh market. Microservices architecture simplifies the development and management of microservices applications, making them more scalable and adaptable to businesses.  

Increasing Demand from Various Applications: The increasing adoption of service mesh in several industries for improving microservices observability into microservices-based systems is boosting demand for service mesh. Kubernetes service mesh is becoming a popular choice of many major tech businesses for improving productivity and security of an application.

Rising Complexity of Modern Applications: The demand for service mesh is increasing due to the growing complexity of modern applications such as microservices architectures. Service mesh offers a simpler way to manage microservices-based applications by providing seamless traffic management, security, and observability across services.

Growing Focus on Traffic Management: The growing emphasis on traffic management in microservice applications drives demand for kubernetes service mesh. A kubernetes service mesh is an infrastructure layer that gives applications capabilities of an advanced traffic management.

Kubernetes Service Mesh Market Key Opportunities

Rising Demand for Cloud-Native Applications: The increasing demand for cloud-native applications is expected to offer lucrative opportunities for market expansion. Cloud-native applications are designed to be deployed and managed in the cloud. Organizations are seeking for solutions that are reliable and scalable to manage service-to-service communication in a microservices architecture.

Focus on Security and Compliance: The increasing focus on security and compliance is anticipated to provide numerous opportunities for market growth. As organizations shifting to the cloud applications, they are becoming more concerned about security and compliance. Kubernetes service mesh can help organizations to improve the security and compliance of their cloud-native applications.

Digital Transformation: The growing digital transformation in industries creates a greater demand for kubernetes service mesh solutions. With the rapid digitalization, there is an increasing need of kubernetes service mesh solutions to protect sensitive data and ensuring reliability. Service mesh solutions provides advanced security features in industries that require strict regulatory compliance.

Kubernetes Service Mesh Market Key Trends

·         Emergence of multi-cluster and cross-cloud support is one of the latest trend in kubernetes service mesh market

·         The integration of artificial intelligence(AI), and machine learning capabilities into kubernetes service mesh to optimize traffic management is an emerging trend

·         The growing adoption of managed service offerings is a significant factor drives demand for kubernetes service mesh

·         The increasing adoption of microservices architectures is a major driver of the kubernetes service mesh market

·         Rising demand for cloud-native applications as they offer number of features is also significant factor boosting demand for kubernetes service mesh

·         Growing focus on security and compliance within microservices environments

·         Growing adoption in hybrid and multi-cloud environments to work seamlessly across different cloud platforms

Region-wise Market Insights

North America accounted for the largest market share at 34.7% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 5.1% between 2024 and 2031.

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North America is the largest market for Kubernetes service mesh due to the high adoption of advanced technology, presence of large players, robust IT infrastructure which generate network traffic, and growing digitalization in several industries. In addition, the growing adoption of cloud-native technologies, presence of major cloud providers, and large tech industry contributes to the regional market growth. Europe shows substantial growth due to the growing government initiatives for digital transformation within businesses, the rising adoption of cloud computing in organizations, and strong focus on data privacy and security. In Asia-Pacific, the market is characterized by growing digitalization in various industries, increasing adoption of cloud-native technologies, growing number of technology companies, and focus on data privacy and security which has created an increasing demand for kubernetes service mesh. The Middle East and Africa has been witnessing a growing demand for kubernetes service mesh due to establishment of new busineses whereas, in South America, the market is influenced by economic factors, with digital transformation, and growing cloud infrastructure.

Market Competition Landscape

The global kubernetes service mesh market is characterized by high degree of competition among a large number of vendors. Key players in the kubernetes service mesh market engage in strategies aimed at gaining a competitive edge. These strategies include product innovation, features differentiation, and the incorporation of emerging technologies to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions. The major Players are focusing on introducing new product or services and are constantly upgrading their existing offerings to keep pace with the overall industry.

Key players in the global kubernetes service mesh market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Istio

·         Tetrate

·         Amazon Web Services

·         Traefik Labs

·         Envoy, Inc.

·         Microsoft Corporation

·         Red Hat, Inc.

·         A10 Networks, Inc.

·         Buoyant, Inc.

·         HashiCorp, Inc.

·         Kong Inc.

·         Solo.io, inc.

·         F5, Inc.

·         Google Cloud Service Mesh

Report Attribute/Metric

Details

Market Revenue in 2023

USD 180.2 Million

Market Revenue in 2031

USD 259.6 Million

CAGR (2024 – 2031)

4.7%

Base Year

2023

Forecast Period

2024 – 2031

Historical Data

2019 to 2023

Forecast Unit

Value (US$ Mn)

Key Report Deliverable

Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Segments Covered

·   By Offering (Solutions, and Services)

·   By Deployment Mode (On-Premises, and Cloud-Based)

·   By Organization Size (SMEs, and Large Enterprises)

·   By Industry Vertical (Healthcare, IT & Telecom, BFSI, Manufacturing, Retail & E-commerce, Government & Public, and Others)

Geographies Covered

North America: U.S., Canada and Mexico

Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

South America: Brazil, Argentina, and Rest of Latin America

Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Key Players Analyzed

Istio,Tetrate,Amazon Web Services,Traefik Labs,Envoy, Inc.,Microsoft Corporation,Red Hat, Inc.,A10 Networks, Inc.,Buoyant, Inc.,HashiCorp, Inc.,Kong Inc.,Solo.io, inc.,F5, Inc., and Google Cloud Service Mesh

Customization & Pricing

Available on Request (10% Customization is Free)

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