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Microservices Architecture is defined as an architectural style that consists of loosely coupled services. This approach emphasizes the development of applications as a suite of small, independent services that communicate through well-defined APIs. Each microservice is designed to perform a specific business function, allowing for greater flexibility, scalability, and ease of deployment.

By breaking down a larger application into smaller, manageable pieces, teams can work on them independently, enabling faster deployment and easier updates or changes. This loosely coupled nature means that changes to one service do not necessarily impact others, which enhances resilience and maintainability. Teams can also utilize diverse technology stacks for different services, further optimizing performance and resource use.

This practice contrasts sharply with a monolithic architecture, where components are interdependent, leading to challenges in scaling, maintenance, and deployment. In the context of current software development practices, microservices architecture offers a powerful alternative that aligns well with agile methodologies and continuous delivery principles.