Global Serverless Architecture Market, By Service Type (Automation and Integration Services, Monitoring Services, API Management Services, Security, Support and Maintenance, Training and Consulting, Others), Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Retail and Ecommerce, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others), Application (Real-Time File/Stream Processing, Web Application Development, IoT Backend, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Serverless Architecture Market
The server less architecture market will reach at an estimated value of USD 57.92 billion by 2028 and grow at a CAGR of 28.90% in the forecast period of 2021 to 2028. Rise in the number of verticals utilizing distributed workloads acts as an essential factor driving the serverless architecture market.
Serverless architecture usually depend upon third- party services and is generally used to build and run applications and services without any need to manage infrastructure. There is no need to maintain any application, storage systems or databases. This is very useful as now the organization can focus on the product rather than worrying about the management and operation of servers. They are extensively used in industries such as telecommunications, retail, healthcare, government and others.
Rise in the adoption of cloud based application is a crucial factor accelerating the market growth, also increase in the demand to eliminate management of server, increase in the app development, rise in the demand and adoption of cloud- based applications, increase in the powerful advantage to streamline operations and increase in the digital-centric business model are the major factors among others boosting the serverless architecture market. Moreover, increase in the usage of edge computing with serverless, rise in the emergence of IoT applications and rise in the research and development activities in the market will further create new opportunities for serverless architecture market in the forecast period mentioned above.
However, increase in the problems associated with the security and rise in the architectural and operation issues are the major factors among others restraining the market growth, while cost-efficiency for long-running computation will further challenge the serverless architecture market in the forecast period mentioned above.
This server less architecture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the server less architecture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Serverless Architecture Market Scope and Market Size
The server less architecture market is segmented on the basis of service type, deployment model, organization size, vertical and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service type, the serverless architecture market is segmented into automation and integration services, monitoring services, API management services, security, support and maintenance, training and consulting and others.
- Based on deployment model, the serverless architecture market is segmented into private cloud, public cloud and hybrid cloud.
- Based on organization size, the serverless architecture market is segmented into small and medium-sized enterprises and large enterprises.
- Based on vertical, the serverless architecture market is segmented into banking, financial services, and insurance, telecommunications and IT, retail and ecommerce, healthcare and life sciences, government and public sector, manufacturing, media and entertainment and others.
- The serverless architecture market is also segmented on the basis of application into real-time file/stream processing, web application development, IoT backend and others.
Serverless Architecture Market Scope Country Level Analysis
The server less architecture market is analysed and market size, volume information is provided by country, service type, deployment model, organization size, vertical and application as referenced above.
The countries covered in the serverless architecture market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the serverless architecture market due to increase in the demand to eliminate management of server, increase in the app development, rise in the demand and adoption of cloud- based applications, increase in the powerful advantage to streamline operations and increase in the digital-centric business model in this region.
The country section of the serverless architecture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Serverless Architecture Market Share Analysis
The server less architecture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to serverless architecture market.
The major players covered in serverless architecture market report are Amazon Web Services, Inc., Google, IBM Corporation, Microsoft, Oracle, Broadcom., Innominds, OpenLegacy Inc, Rackspace US, Inc., TIBCO Software Inc, Platform9, Syncano Inc., NTT DATA Corporation., Stackery, Joyent, Inc., Galactic Fog IP Inc., Snyk Limited., Auth0 Inc, Dynatrace LLC., Fiorano Software and Affiliates, Twistlock Ltd., TWILIO INC. and SixSq Sàrl among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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