Global Serverless Architecture Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The Serverless Architecture Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Serverless Architecture Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global serverless architecture market report has been segmented on the basis of service type, deployment, end-user, and region.
This Serverless Architecture Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Serverless Architecture Market Overview:
“The Serverless Architecture Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Serverless architecture means the structure of applications that are dependable on third-party services, known as backhand as a service (BaaS) or code that runs as an epithermal container also called function as a service or FaaS.
It is a way to run applications and services, without managing the infrastructure for storage systems or data systems.
A user can develop a program without having concerns regarding the runtime and operating servers.
Currently, this service also includes mobile backend as a service (MaaS) and gaining popularity with each passing day. Term serverless means on rent and provision servers, virtual machines on which applications can be developed.
The major factor driving the growth of the global serverless architecture market is the reduction of cost, owing to the elimination of the requirement of server infrastructure and its maintenance.
Serverless architecture works on backhand services, function services, or mobile backhand services provided by third-party.
The growing use of cloud computing, coupled with the shift from servers to serverless architecture is another factor fueling growth of the global market. In addition, the increasing number of microservice architectures is another factor expected to drive the growth of the global serverless architecture market in the near future.
However, concerns regarding data security and complexities regarding operations are factors that may hamper the growth of the global serverless architecture market.
Nevertheless, upcoming IoT applications can create high revenue opportunities for players in the target market.
The market in North America dominates the global market and is expected to maintain its dominance in terms of revenue over the forecast period.
The presence of key players in the region and increasing investments in serverless architecture, especially in the US and Canada are key factors propelling the growth of the global serverless architecture market in this region.
Additionally, the growing adoption of new technology among end-users is another factor anticipated to drive the growth of the target market in the North American region.
The market in the Asia Pacific is expected to witness significant growth in the near future, due to increasing digitalization in emerging economies in this region.
Global Serverless Architecture Market Segmentation:
Segmentation by service type:
- API Management
- Consulting and Training
- Support and Maintenance
- Others (Analytics, Billing, etc.)
Segmentation by deployment:
- Public Cloud
- Private Cloud
Segmentation by End-user:
- IT and Telecommunication
- Financial Services and Banking
- Government Institutions
- Retail and E-commerce
- Media and Entertainment
- Others (Healthcare, Education, transportation, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Google LLC
- Amazon Web Services (AWS)
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Oracle Corporation
- CA Technologies
- Rackspace US, Inc.
- Alibaba Group Holding Limited
- TIBCO Software Inc.
- Platform9 Systems, Inc.
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