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Globally, the microservices market is estimated to grow 24 percent over the next five years by Report Consultant.
Microservices is the building of applications and larger services from many loosely coupled services that serve as data and computing resources for the larger applications.
Some of the benefits of using microservices include:
- Easy maintainability
- Loosely coupled
- Independently deployable and upgradable
- Focused on organization around business abilities
A survey by LightStep in 2018 found that 92 percent of IT departments were increasing their use of microservices and expect to continue to grow and expand those operations. Agility (82 percent) and Scalability (78 percent) were two of the big motivators for adopting microservices.
Resiliency is one of the big benefits companies get from Microservices. Pete Fields, a digital channels leader at Wells Fargo, said that “it used to be that we were either up, or we were down. And if any part of the portal was down, we were down. Today, with lightly coupled microservices, our Market Data app can be down, but the rest of the portal loads and performs independently. Architecturally, this is just more resilient, and we’ve already experienced the benefits of that.”