Increasing Development of Application Has Increased the Demand for IBM Bluemix Services Market

Globally, the IBM Bluemix services market is expected to grow with a CAGR of 26.1% during the forecast period from 2023 to 2030 and had been estimated to register a market value of US$ 51.00 Bn by 2030. The IBM Bluemix is a type of service model developed by IBM Corporation where the developers can use it for developing and sharing the information. The Bluemix services is a Platform as a service (PaaS) model where the providers are allowed to share messaging engines, databases, solution stacks for application build, development and deploy them. These services are based on open standards and deploy, build, manage, and run omni-channel applications including big data, web and mobile, and other smart services with the help of cloud.

The rise in digitalization and increasing adoption of internet across the globe plays an important role for the growth of the market. Additionally, the rising number of developers and requirement of a platform in low cost is a major factor driving the market. One of the major benefits of this service is that open standards permits the  developers to avoid vendor lock-in, allows the developer to utilize various tools of IBM or third party for application development or software development with the help of open and flexible cloud environment.

IBM Bluemix Services with Web and Application Services in its Solutions Segment Continue Dominating the Market

In 2021, the web led the overall IBM Bluemix services market and application services segment in its solution segment accounting for nearly 26.0% of the total market revenue generated worldwide. The segment is projected to grow with a significant CAGR during the forecast period. These services enables developers to spend less time recoding and testing when there is changes in business policy. These services improves the performance and user experience associated with web applications by retrieving information from fast, managed, in-memory caches.

North America Dominates the Market by Region

The global IBM Bluemix services market was led by North America with a market share of more than 30.0% in the year 2021. The region is one of the earliest adopters of the technology and IBM has its headquarters in the US. Moreover, the increasing requirement for data storage, security concerns and others are some of the major factors driving the market in the region.

Some of the prominent players operating in the IBM Bluemix services are Infosys Limited, Tata Consultancy Limited, Capgemini, Datamato Technologies Pvt. Ltd., Robert Bosch GmbH, Prolifics, Inc., DXC Technologies Limited, Tech Mahindra Limited, Perficient Inc., Microsoft Corporation, Oracle Corporation, Google LLC., Amazon Web Services, Salesforce.com Inc., and Wipro Limited.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of IBM Bluemix Services market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the IBM Bluemix Services market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of IBM Bluemix Services market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the IBM Bluemix Services market?
• Which is the largest regional market for IBM Bluemix Services market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving IBM Bluemix Services market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the IBM Bluemix Services market worldwide?