The global demand for Severless Apps Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Most enterprise cloud providers provide serverless apps, also known as Function-as-a-Service or FaaS, allowing customers to write code. Users can develop several functions to perform business logic and easily connect all of these functions to communicate with one another. The concept mentioned above in a system is referred to as serverless architecture. Serverless is a cloud-native development methodology that allows developers to create and execute apps without worrying about managing servers. It facilitates the transfer of responsibilities for maintaining servers, application logic, and databases, reducing setup and maintenance expenses. Organizations may efficiently eliminate costly and time-consuming old procedures by implementing serverless apps.
The market for serverless apps is primarily driven by rapid app development, the shift from DevOps to serverless computing, and the growing demand to eliminate server maintenance. Furthermore, serverless apps' advantages, such as increased scalability and cost-effectiveness, boost the market growth. In addition, the global market is expected to benefit from the continued usage of cloud technologies and the development of serverless computing in the growing IoT environment. Due to new cloud-based technologies, serverless apps are expected to develop significantly during the forecast period. Increasing investments in digital transformation to reduce operational costs is also likely to be a significant driver of the market.
The research 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 an inclusive assessment of each segment in the global market of severless apps. The growth and trends of severless apps industry provide a holistic approach to this study.
This section of the severless apps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Enterprise Size
- Automation & Integration
- Api Management
- Support And Maintenance
- Training And Consulting
- Government & Public
- Healthcare & Life Sciences
- Media & Entertainment
- Retail & Ecommerce
- Telecom & IT
This section covers the regional outlook, which accentuates current and future demand for the Severless Apps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Severless Apps 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 severless apps market include Amazon Web Services Inc., CA Technologies, Alibaba Cloud, Dynatrace, Galactic Fog IP Inc., Fiorano Software Inc., Google LLC, Joyent Inc., IBM Corporation, Microsoft Corporation, Manjrasoft Pty Ltd., ModuBiz Ltd., Oracle Corporation, Realm, Platform9 Systems, Rackspace Inc. Snyk Ltd., StdLib, TIBCO Software Inc., SixSq, Tarams Technologies, NTT Data, Twistlock. This section consists of 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.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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