Cloud Native Applications Market To Reach $48.8 Billion, Globally, By 2032 At 25.2% Cagr: Allied Market Research

The global cloud native applications market is projected to reach $48.8 billion by 2032, witnessing a CAGR of 25.2% from 2023 to 2032. The growth of the market is driven by rise in adoption of IoT devices and growth in need of data security and privacy. Factors such as inconsistency in the IoT standards for compatibility hamper the market growth to some extent.