According to a research report "Serverless
Architecture Market by
Service Type (Automation and Integration, Monitoring, API Management, Security,
Analytics, and Design and Consulting), Deployment Model, Organization Size,
Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the
global serverless architecture market size is projected to grow from USD 7.6
billion in 2020 to USD 21.1 billion by 2025, at a Compound Annual Growth Rate
(CAGR) of 22.7% during the forecast period. The major factors driving the
growth of the serverless architecture market include the rising need of
shifting from CAPEX to OPEX by removing the need to manage servers, thereby
reducing the infrastructure cost.
Browse and in-depth TOC on “Serverless
Architecture Market”
109 - Tables
42 - Figures
170 - Pages
Large enterprises segment to hold a larger market size during
the forecast period
The
adoption of serverless architecture service types among large enterprises is
high owing to the ever-increasing demand for cloud automation, and the trend is
expected to continue during the forecast period. Large enterprises are heavily
investing in advanced technology to increase the company’s overall productivity
and efficiency. With the ever-increasing amount of data, large enterprises need
to invest in IT infrastructure and technical expertise for automating various
tasks regularly. To reduce CAPEX and OPEX of infrastructure, large enterprises
are widely adopting serverless architecture service types. Large enterprises
are expected to invest significantly to implement suitable serverless
architecture service types which would enable enterprises to save on
infrastructure costs, improve business functioning, and sustain in intense
competition.
Public cloud segment to record the highest growth rate during
the forecast period
Public
cloud refers to the cloud computing model in which the resources are accessible
to multiple users in sharing through the internet. It is a standard model that
enables service providers to grant access to the resources such as applications
and storage, available to the public over the internet. The public cloud
services may be offered free of cost or on pay-per-use model depending upon the
requirements of the end users. The reason for the high adoption of public cloud
among cloud storage providers is the ease of access and faster deployment. The
public cloud deployment model offers various benefits to the enterprises, such
as scalability, reliability, flexibility, and remote location access. Public
cloud is more preferred by the enterprises that have less regulatory hurdles
and are willing to outsource their storage facilities either fully or
partially. The primary concern with public cloud is data security due to which
many enterprises are shifting to private and hybrid cloud storage solutions.
Asia Pacific to be the fastest-growing region during the
forecast period
Asia Pacific consists of the fastest
growing economies such as China, India, and New Zealand and technologically
advanced countries such as Japan and Australia. The region is expected to gain
traction in the serverless architecture market, due to benefits such as
reduction in maintenance costs and no involvement of physical infrastructure.
Many emerging economies in the APAC region are likely to adopt serverless
architecture solutions because of their high demands, specifically in the BFSI,
retail and eCommerce, healthcare and life sciences industry verticals.
Market Players
Some prominent players across all
service types profiled in the serverless architecture market study include
Amazon (US), Google (US), Microsoft (US), IBM (US), Oracle (US), Alibaba
(China), Cloudflare (US), NTT DATA (Japan), Rackspace (US), TIBCO Software
(US), Stackpath (US), Auth0 (US), EnterpriseWeb (US), Kong (US), Serverless
(US), Snyk (UK), OpenLegacy (US), Innominds (US), Stackery (US), and Twistlock
(US).
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Content Source: https://www.marketsandmarkets.com/PressReleases/serverless-architecture.asp
Report: https://www.marketsandmarkets.com/Market-Reports/serverless-architecture-market-64917099.html
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/serverless-architecture.asp
Report: https://www.marketsandmarkets.com/Market-Reports/serverless-architecture-market-64917099.html
