'Microservices' refers to an architectural approach that structures an application as a suite of small, service-oriented components. These components are designed to be easily maintainable and testable, loosely interconnected, independently deployable, and centered around business functions.

This method facilitates quick, consistent, and reliable updates for sizable and intricate applications. Additionally, it allows organizations to progressively upgrade their technological infrastructure. Microservices represent a shift from the traditional monolithic model, which integrates all application components into a single interdependent unit that must be collectively scaled.