Key facts
A global cloud-microservices-platform market could generate $4.2 billion in revenue by 2028. Software sourced by companies from cloud-service platforms, open repositories, and software as a service (SaaS) is estimated to have a CAGR of 27.5 percent from 2021–28.¹¹
A global cloud-microservices-platform market could generate
$4.2 billion
Implications
The gold standard of IT effectiveness will be its ability to help developers stitch together snippets of code into a useful product. Cloud will need to be a core part of IT’s distributed operating model to enable speed and scale. IT’s key role will be to provide standards, such as for APIs, and guardrails, such as embedding policies in code; protect the business’s most sensitive information, such as customer data and financial records; and track the adoption of developed products and platforms.
¹¹
Steve Van Kuiken, “Tech at the edge: Trends reshaping the future of IT and business,” McKinsey, October 21, 2022.
in revenue by 2028.