Transparency Market Research
The market for Mesh App and Service Architecture is primarily being driven by the growing demand for various different forms of applications globally. Currently, the number of applications for mobile and desktop is growing at a fast pace. Applications are being developed for shopping sites, banks, e-wallets and others. All such applications are designed to be user friendly, despite having complex features and involve the usage of Mesh App and Service Architecture. Hence, the growing demand for applications has been positively impacting the growth of the Mesh App and Service Architecture market. Additionally, the global trend suggests a move towards automation of products and services, coupled with higher intelligence of such products and services. Such a trend is primarily for making the products and services more intuitive and insightful for the customers. Such a move is corroborated by the higher usage of intelligent applications such as virtual personal assistants (VPAs). VPAs include Apple’s Siri, Google’s Google Now and Microsoft’s Cortana. Owing to the growing demand for such artificial intelligence based applications, the market for Mesh App and Service Architecture is being positively impacted, leading to growth of the market globally. However, considering the growing demand for higher functionality of each application, the current architecture is not expected to meet future demands. This in turn is restraining the market for Mesh App and Service Architecture to some extent. Despite such minor restraints, owing to the growing demand for different types of applications, the market for Mesh App and Service Architecture is expected to receive ample growth opportunities during the forecast period.
The global Mesh App and Service Architecture market has been segmented, by architecture, into monolithic architecture, three-tier architecture and micro service architecture. Micro service architecture was the largest segment in 2016, owing to the advantages offered by this form of architecture, over the other two types. Monolithic architecture and three-tier architecture are expected to have negligible market share, by the end of the forecast period from 2017 – 2025. On the basis of regions, the market has been segmented into North America, Europe, Asia Pacific, South America and Middle-East & Africa. North America held the largest market share in 2016, owing to the presence of large number of application vendors. Asia Pacific is anticipated to be the fastest growing region, during the forecast period.
The major companies of the Mesh App and Service Architecture market globally are Microsoft Corporation (The U.S.), Apple, Inc. (The U.S.), and Google, Inc. (The U.S.) among various other companies.
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