The global demand for Serverless Architecture Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Serverless architecture is a new concept and has gained much popularity. This allows the application to be hosted by a third party software and frees the developer of any kind of responsibility. The technology has been accepted by the users as it works on a pay-as-you-go basis, which means that the developers only need to pay for the bandwidth they are using and the data used. Many developers who are just starting have started using this serverless architecture for their flexibility and backend services. The demand for such services has become more crucial for the industry as the world is moving towards becoming more digital.
Market Dynamics
The exponential increase in the app development market has been the major driver of the serverless architecture market. There has been a trend of shifting from DevOps to serverless computing for more hassle-free computing. The scalability and cost-efficiency of the serverless architecture have made it more lucrative for new developers. The COVID-19 outbreak has given an unforeseen boost to the digital market and it has become the playground for many commercial industries. This is also acting as a major catalyst for the growth of the serverless architecture market. The only restraint being faced by the market is the security issues regarding the use of third party software.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of serverless architecture.
Market Segmentation
The entire serverless architecture market has been sub-categorized into services, organization, and vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Services
- Automation & Integration
- API Management
- Monitoring
- Security
- Support and Maintenance
- Training and Consulting
- Others
By Organization
By Vertical
- BFSI
- Government & Public
- Healthcare & Life Sciences
- Manufacturing
- Media & Entertainment
- Retail & Ecommerce
- Telecom & IT
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for serverless architecture market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Serverless Architecture Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the serverless architecture market include Amazon Web Services, Inc., Alibaba Cloud, CA Technologies, Dynatrace LLC, Fiorano Software, Inc., Google LLC, IBM Corporation, Microsoft Corporation, NTT Data Corporation, Oracle Corporation, Platform9 Systems, Inc., Syncano Inc., Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.