New York, NY -- (SBWire) -- 02/05/2021 --Serverless architecture is an application that relies on third-party servers or custom code that is run in ephemeral containers. Despite the term, this does not mean running a code without a server. The term 'serverless computing' is used when the organization or the person who owns the device does not have to reserve, buy, or provision servers or virtual machines to run the back-end code.
Market Drivers
Serverless architecture is very cost-efficient; it simplifies scalability by managing on-demand scaling. It also simplifies back-end code by using the FaaS code. Ultimately, it eliminates time on the market, i.e., developers may change and add code on a piecemeal basis.
Regional Outlook
Asia Pacific is expected to have a CAGR of 26.4% over the estimated period. Sectors such as IT, processing, BFSI, and retail are progressing quickly towards automation. The introduction of cloud-based technology in serverless architecture is expected to experience substantial growth. Strong investment in digital transformation to decrease operating costs is the key reason for developing the industry in the region. Europe is expected to hold a market share of 27.1% in the year 2026. Due to advancements in cloud computing technology, the area is experiencing significant growth.
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Key participants include Amazon Web Services, Inc, Alibaba Cloud, CA Technologies, Dynatrace LLC, Fiorano Software, Inc., Google LLC, IBM Corporation, Microsoft Corporation, NIT Data Corporation, and Oracle Corporation, among others.
For the purpose of this report, Reports and Data have segmented into the global serverless architecture market on the basis of services, organization size, vertical, and region:
Services Outlook (Revenue, USD Billion; 2016-2026)
Automation & Integration
Api Management Services
Monitoring Services
Security
Support and Maintenance
Training and Consulting
Others
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Large Enterprises
Small and Medium Enterprises
Vertical Outlook (Revenue, USD Billion; 2016-2026)
Healthcare
Retail and E-commerce
Telecom & IT
Media and Entertainment
BFSI
Manufacturing
Government and Public
Others
Regional Analysis of the Serverless Architecture Market:
The global Serverless Architecture market is categorized into several leading geographical regions, including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report emphasizes the demands and trends for the market, more essentially, in the global market that is spread across the major regions of the world. Under this section of the report, the global Serverless Architecture market presence across the major regions in terms of the global market share, market size, revenue contribution, sales network, and distribution channels has been analyzed.
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Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Serverless Architecture Market Segmentation & Impact Analysis
4.1. Serverless Architecture Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Penetration and rapid adoption of cloud-based technologies
4.2.2.2. Enhanced scalability and reduced operational cost
4.2.3. Market restraints analysis
4.2.3.1. Loss of control and security concerns
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continue…
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Serverless Architecture Market Business Scenario Analysis by Global Industry Trend, Share, Sales Revenue, Growth Rate and Opportunity Assessment Till 2026
The global market for serverless architecture is projected to reach USD 25.49 billion by 2026. The advantages of the serverless architecture drive the market.