Serverless architecture is an event-driven cloud computing model in which computing resources are provided as scalable cloud services. A fixed and recurring cost was charged for the server’s computing resources in traditional computing regardless of the amount of computing work performed by the server. However, serverless computing deployment has overcome this shortcoming, as it allows customers to pay only for service usage, and there is no hidden cost charged associated with idle, down-time. The serverless architecture relies on functions, where developers further segment their applications into small and stateless chunks, which they can execute without any context regarding the underlying server.
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Rapid growth of the app development market along with shift from DevOps toward serverless computing and rise in need to eliminate server management are some major drives of the market. Several benefits of serverless computing such as enhanced scalability, reduced costs, more flexibility, and quicker time to release boost the adoption of this technology among organizations. However, certain issues associated with third-party APIs such as security & compliance concerns, lock-in problems, and other architectural complexities are expected to hinder the growth of the market. On the contrary, rise in IoT-based devices adoption and high growth of cloud-based services are expected to present major opportunities for the market growth during the forecast period.
The global serverless architecture market is segmented based on deployment model, application, organization size, industry vertical, and region. Depending on deployment model, the market is divided into public cloud and private cloud. Based on application, it is segmented into real-time file/stream processing, web application development, IoT backend, and others. On the basis of organization size, it is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into, BFSI, IT & telecom, healthcare, manufacturing, media & entertainment, public sector, retail & e-commerce, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market, including Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
• The study provides an in-depth analysis of the global serverless architecture market along with the current & future trends to elucidate the imminent investment pockets.
• Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global serverless architecture market from 2017 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENTSBY Deployment Model
Private Cloud
Public Cloud
By Application
Real-time file/stream processing
Web Application Development
IoT Backend
Others
By Organization Size
Large Enterprises
SMEs
By Industry Vertical
BFSI
IT & telecom
Healthcare
Manufacturing
Media & entertainment
Public sector
Retail & e-commerce
Others
BY REGION
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
KEY MARKET PLAYERS
Alibaba Group
Amazon Web Services
Google LLC
IBM Corporation
Microsoft Corporation
Oracle Corporation
Platform9 Systems Inc.
Rackspace Inc.
Tibco Software
Twilio
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