In a Cloud Microservices Market report, it was found that the cloud microservices market was valued at USD 831.45 billion in 2020, and it is expected to reach USD 2,701.36 billion by 2026. This is a clear indication of how microservices are currently driving the market, encouraging organizations to break their applications into smaller components and leave their "traditional" monolithic architecture behind.
However, before we dismiss monoliths entirely, cloud architect and author Rahul Rai argues how microservices aren’t a cure-all to the challenges and pain points associated with monoliths.