Serverless Architecture Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The serverless architecture, also known as FaaS (Function as a Service) or serverless computing, eliminates the need for server software and hardware management by the developer. It is a software design pattern wherein applications are hosted by third-party providers. These applications run on servers, but one does not need to own, maintain and manage those servers. This cloud computing execution model enables users to focus on ideas and application without worrying about the infrastructure.

MARKET DYNAMICS

The serverless architecture market is anticipated to grow in the forecast period owing to advantages such as reduced operational costs and process agility coupled with the emergence of cloud-based technologies. Moreover, the ease of deployment, execution, management and various other benefits are likely to fuel the growth of the serverless architecture market. However, the market is negatively influenced by the architectural and operational complexities, along with security and compliance issues. Nonetheless, the ongoing trend of IIoT coupled with rising adoption of cloud-based applications offers lucrative opportunities for the growth of the serverless architecture market and the key players involved during the forecast period.

MARKET SCOPE

The "Global Serverless Architecture Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of serverless architecture market with detailed market segmentation by service type, organization size and industry vertical and geography. The global serverless architecture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading serverless architecture market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global serverless architecture market is segmented on the basis of service type, organization size and industry vertical. Based on service type, the market is segmented as automation and integration, API management, security, monitoring, maintenance & support, training & consulting and others. On the basis of the organisation size, the market is segmented as large enterprises and SMEs. The market on the basis of the industry vertical is classified as BFSI, IT & telecommunications, manufacturing, retail & e-commerce, healthcare, media & entertainment, government & public sector and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global serverless architecture market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The serverless architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting serverless architecture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the serverless architecture market in these regions.

MARKET PLAYERS

The reports cover key developments in the serverless architecture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from serverless architecture market are anticipated to lucrative growth opportunities in the future with the rising demand for serverless architecture in the global market. Below mentioned is the list of few companies engaged in the serverless architecture market.

The report also includes the profiles of key serverless architecture companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Alibaba Group
• CA Technologies (Broadcom Inc.)
• Google LLC
• IBM Corporation
• Joyent, Inc.
• Microsoft Corporation
• Oracle Corporation
• Rackspace Inc.
• Syncano
• TIBCO Software Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Serverless Architecture Report Scope