Serverless Architecture Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Serverless
Architecture market size, status and forecast 2027” has been featured on
market research future.
Serverless
Architecture Market Scope:
Serverless
computing allows enterprises to deploy software without investing in the
underlying infrastructure which is abstracted from the developer and the
service consumer. Adoption of serverless architecture empowers companies to
direct their focus on core business activities. Also, it reduces the cost of
technology operations significantly. Serverless computing is being adopted by
most enterprises as they eliminate the need to manage infrastructures such as
physical and virtual hosts, virtual machines, containers, operating systems and
others. Moreover, serverless architecture charges the consumer only for the
exact duration of execution of the service which significantly reduces costs.
Besides, serverless architecture is easy to deploy since planning for scaling,
capacity planning and management, and other administrative activities
associated with maintenance are taken care by the service provider. The growing
trend of Infrastructure as a service (IaaS) and globalization of cloud
computing are major drive for the growth of the Serverless Architecture Market.
The
concept of serverless architecture is based on the paradigm of cloud computing.
Serverless cloud computing is another cloud offering which follows an
event-driven approach. In the backdrop of the present market dynamics,
enterprises are under severe pressure to release advanced features and products
to match the expectations of customers. The serverless architecture approach
eliminates time-consuming traditional approaches which makes more room for
concentrating on other functionalities. In addition, on account of the variety
of potential business benefits serverless architecture offers, it has found relevance
in various industry verticals which further boosts market growth. Adoption of
serverless architecture can deliver many benefits but it also presents a host
of challenges. Loss of control over infrastructure and concerns with
third-party services are significant bottlenecks to the growth of the market.
Operational complexities and security and compliance issues remain other
restraining factors to the growth of the market.
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Competitive Landscape:
Rackspace
Inc., TIBCO Software Inc., Dell Boomi Inc., Amazon Web Services Inc., CA
Technologies, Alibaba Cloud, Joyent Inc., Google LLC, Manjrasoft Pty Ltd.,
Oracle Corporation, Microsoft Corporation, Twistlock, IBM Corporation,
Platform9 Systems Inc., Fiorano Software Inc., and others are the prominent
players operating in the global serverless architecture market.
Segmentation:
The
global serverless architecture market has been segmented based on services,
organization size, and industry vertical.
·
By
services, the market has been segmented into monitoring, API management,
automation & integration, security, support & maintenance, training
& consulting, analytics, and others.
·
By
organization size, the market has been segmented into small & medium
enterprises and large enterprises.
·
By
industry vertical, the market has been segmented into BFSI, manufacturing,
telecommunication & IT, retail & e-commerce, healthcare, government,
media & entertainment, transport & logistics, energy & utilities,
and others.
Regional Analysis:
North America, Latin America, Europe, Asia Pacific, and the Middle
East & Africa are the key markets for serverless architecture. North
America market is analyzed to be a strong one. Presence of developed economies
such as the US and Canada along with the concentration of key players in the
region supports the growth of the market in North America. Besides, the region
is a frontrunner in the adoption of the latest technologies. Presence of a
large number of enterprises and the availability of well-developed IT
infrastructure and technical know-how also drives the market in North America.
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In Europe, post the aftershock of the UK's Brexit, IT budgets
remain tight. However, rising investment in technology is expected to reflect
positively on the growth of the Europe serverless architecture market.
In Asia Pacific, the market is driven by a large number of SMEs
who are increasingly embracing the technology. Other factors include improving
the economy and high expenditure on the development of IT infrastructure.
Latin America and the Middle East & Africa are expected to
exhibit moderate growth over the coming years.
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