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IBM Bluemix Services Market to be worth US$ 38,847 Mn by 2026 – TMR
Published by TMR Research Insights
Posted on October 1, 2021
5 min readLast updated: February 1, 2026
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Published by TMR Research Insights
Posted on October 1, 2021
5 min readLast updated: February 1, 2026
IBM Bluemix Services market is set to grow to $38.8B by 2026, driven by its simplicity and agile nature, with significant adoption in Asia Pacific.
According to a new market report published by Transparency Market Research entitled “IBM Bluemix Services Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global IBM Bluemix Services market was valued at US$5,452.5 Mn in 2017 and is expected to expand at a CAGR of 24.55% from 2018 to 2026, and reach US$ 38,847 Mn by the end of the forecast period.
Increasing adoption of IBM Bluemix Services owing to its simple and agile nature
A prominent reason for the expansion of the IBM Bluemix Services market is the simplicity and speed associated with the usage of IBM Bluemix services. There are a variety of simple and agile services that are offered under the IBM Bluemix platform. IBM Bluemix services focus more on the DevOps model, which is basically a set of processes that reduce the hassle for application developers to deploy software on any platform by means of automation.
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The integrated environment that IBM Bluemix offers facilitates automatic delivery of codes for developers without the hassle of building and debugging installation scripts. This results in reduced time for delivery of code into the hands of testers and end-user community.Thus, the above factors helps developers to focus more on the coding part of the application and not on the installation, as it is well taken care of in the IBM Bluemix environment. IBM Bluemix also permits users to employ development tools according to their ease, which assists them to develop applications in the best comfortable way.
Adoption of IBM Bluemix Services by key players is a prevalent trend across regions
A key trend prevalent in the IBM Bluemix Services market is the increasing adoption of IBM Bluemix Services by the leading players of the IT industry to gain a competitive edge over their peers. For instance, in February 2017, Wipro launched its Data Discovery Platform, which is a big data analytics-as-a service solution, on IBM Bluemix. The platform is developed on IBM Bluemix with the help of IBM Big Insights and IBM dashDB. IBM Bluemix helps the continuous provisioning of new functionalities to their applications in a better way.Soothing partnership programs being hosted by IBM also promote different players to establish partnerships and utilize the benefits offered by IBM Bluemix.For instance, in February 2017, Bosch and IBM announced their collaboration involving availability of Bosch IoT Suite services on IBM Bluemix and IBM Watson IoT Platform for clients to update IoT devices. This partnership is expected to enable both companies to offer innovative technological enhancements to clients across the globe.
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Public segment to be a major revenue generating segment in 2026
Based on deployment model, the market has been divided into dedicated, public, and private. Among the three deployment models of IBM Bluemix services, in 2018, the public model is the topmost revenue generating segment owing to its low charging cost, as compared to the other two segments. The public deployment model provides better scalability, flexibility, fast deployment, and ease of use to customers. Furthermore, the public segment is expected to expand at a significant CAGR of 24.80% from 2018 to 2026.
Market in Asia Pacific to expand rapidly owing to the increasing adoption of IBM Bluemix services across a wide range of industries including BFSI and healthcare
In terms of geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, North America was the topmost revenue generating region, followed by Europe. The market in Asia Pacific is expected to expand at a considerable CAGR from 2018 to 2026 owing to its increasing adoption across a wide range of industries including BFSI and healthcare industry. IT companies in developing countries of Asia Pacific are witnessing significant expansion. The market in Asia Pacific is expected to expand at a CAGR of 26.50% during the forecast period.
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Key partners in the market are offering various IBM Bluemix Services in order to gain strong foothold in the cloud space
Key players in the market are offering various IBM Bluemix services and attaining Platinum status for its proper implementation to various end-users. Key players profiled in the global IBM Bluemix Services market include Tata Consultancy Services Limited, Infosys Limited, Capgemini, Robert Bosch GmbH, Datamato Technologies Pvt. Ltd., Prolifics, Inc.,Tech Mahindra Limited, Perficient Inc.,Wipro Limited, and DXC Technology Company.
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The main topic is the growth projection of the IBM Bluemix Services market, expected to reach $38.8B by 2026.
The market growth is driven by the simplicity and agile nature of IBM Bluemix Services, facilitating easier application development.
The Asia Pacific region is expected to expand rapidly due to increasing adoption across various industries.
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