Function as a Service Market Research Report - Global Forecast to 2027

Function as a Service Market by User Type (Operator Centric, Developer Centric), Service Type (Automation, Integration, Microservice Monitoring, API), Application (Web, Mobile, Research, Academic), Deployment and Vertical - Forecast 2027

ID: MRFR/ICT/2391-CR | January 2018 | Region: Global | 100 pages

Function as a Service Market Overview


Function as a service (FaaS) refers to cloud services that enable serverless app development and management. This basically means that FaaS users are able to conduct their programming (and other tasks) without the hassle of managing their own server(s). Strings of code are triggered by events on the user end, and basically outsourced to remote servers that are able to execute the intended functions.


The function as a service platform provides organizations with auto-scalable architecture which adds resources to handle extra activity when the load is more and also reduces the resources when the load is reduced. The auto-scalar performs these activities automatically based on the scaling rules defined by the users. Therefore, the business agility and scalability provisioned by function as service platforms is driving the growth of function as a service market growth.


Applications that are both resilient and scalable is an essential part of any application architecture. Using function as a service provides a flexible way of adding scalability and resilience to the architecture. It also helps in reducing costs as the resources are adjusted according to the requirement of an application. The function as a service architecture is auto-scalable, when traffic or load rises, Auto-scalar adds resources to handle the extra activity and removes resources when the traffic or load lowers to help in reducing the costs. It also eliminates the need to manage servers on cloud, and replaces them with pervasive use of functional computing resources. Therefore, the cost effectiveness of the function as a service architecture is driving the growth of function as a service market.


Serverless function as a service computing comes with vendor dependencies with a further loss of control over the internal teams. Relying more on your vendor partners for administrative functions, security and others rises the security concerns. The immaturity of supporting services can also raise concerns for some technology professionals. The complete dependencies on a third-party provider and no control of the applications arises the security concerns. There is an issue with the credentials and the user permissions in the function as a service platform. Moreover, the security concerns related to SQL injections and other viruses and attacks are prevalent in the function as a service platform. Therefore, the security concerns related to function as a service are restraining the function as a service market.


Segmentation


The global function as a service market is segmented on the basis of user type, service type, application, deployment, vertical and region. On the basis of user type, the segment is further classified into operator centric and developer centric. On the basis of service type, the segment is further classified into automation and integration, microservice monitoring and management services, API management services, support and maintenance services and others. On the basis of application, the segment is further classified into web based and mobile application, research and academic application. On the basis of cloud, the segment is further divided into public cloud, private cloud and hybrid cloud. The function as a service covers wide area of verticals such as BFSI, manufacturing, healthcare, IT and telecommunication and many more.


Key Findings



  • By user type, developer centric is dominating the function as a service market and has generated 1.1906 million in 2016 and is expected to grow at 33% CAGR.

  • By services, automation & integration service is dominating the market and has generated USD 538.9 million revenue in 2016 and is expected to grow with 36.5% CAGR.

  • By vertical manufacturing and BFSI sector is leading the market and is projected to grow with 37% and 36.4% respectively.


Regional Analysis


The regional analysis of active electronic components market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is expected to hold the largest market share and dominate the function as a service market in 2016, due to the penetration of large enterprises situated in this region with strong technically sound employees providing continuous innovative technologies, high penetration into the growing industries of the market, and greater efficiency of cloud-based solution in the front office. These are some of the major driving factors contributing to the growth of function as a service in North America. Asia-Pacific is projected to grow at the fastest rate during the forecast period. Companies in APAC are continuously trying to improve market efficiency and further enhance customer satisfaction. This creates an opportunity for the FaaS solution and service providers.


Key Players


Some of the key players in the function as a service market are IBM (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), SAP SE (Germany), Dynatrace LLC (U.S.), Infosys Ltd. (India), Rogue Wave Software Inc. (U.S.), TIBCO Software Inc. (U.S.), Fiorano Software & Affiliates (U.S.), among others.


Intended Audience



  • Electronic component manufacturers

  • Research organizations

  • Original equipment manufacturers

  • System Integrators

  • network equipment vendors

  • chipset vendors

  • software/application providers

  • user equipment manufacturers

  • network infrastructure integrators

  • Government Organizations

  • Research/Consultancy firms



Frequently Asked Questions (FAQ) :


By vertical, the segments of the function as a service market are BFSI, healthcare, manufacturing, IT and telecommunication and others. q

BFSI and manufacturing segments, on the basis of vertical, are expected to exhibit robust growth.

By user type, the segments of the market are developer centric and operator centric.

The developer centric segment is projected to dominate the global market.

By service type, the segments are: automation and integration, API management services, support and maintenance services, microservice monitoring and management services, and others.

The automation and integration segment is likely to register 36.5% CAGR and dominate the market.

The BFSI segment is assessed to expand at 36.4% CAGR.

1 Executive Summary

2 Market Dynamics

2.1 Market Growth Factors 13

2.1.1 Agility And Scalability 13

2.1.2 Growing Demand For Serverless Architecture 14

2.1.3 Cost Effectiveness 14

2.2 Market Restraints 15

2.2.1 Architectural Complexity 15

2.2.2 Security Concerns 15

2.3 Function As A Service Principles And Logic 16

2.4 Porter’s Five Forces Analysis 17

3 Global Function As A Service Market, By User Type

3.1 Introduction 18

3.2 Sub-Segment 19

3.2.1 Developer Centric 19

3.2.2 Operator Centric 19

4 Global Function As A Service Market, By Deployment

4.1 Introduction 20

4.2 Sub-Segment 21

4.2.1 Public Cloud 21

4.2.2 Private Cloud 21

4.2.3 Hybrid Cloud 21

5 Global Function As A Service Market, By Services

5.1 Introduction 22

5.2 Sub-Segment 23

5.2.1 Automation & Integration 23

5.2.2 Microservice Monitoring & Management Services 24

5.2.3 API Management Services 24

5.2.4 Support & Maintenance Services 24

5.2.5 Training & Consulting 24

6 Global Function As A Service Market, By Application

6.1 Introduction 25

6.2 Sub-Segment 26

6.2.1 Web & Mobile Based 26

6.2.2 Research & Academic 26

6.2.3 Other Applications 26

7 Global Function As A Service Market, By Verticals

7.1 Introduction 27

7.2 Market By Sub-Segment 28

7.2.1 Manufacturing 28

7.2.2 BFSI 28

7.2.3 Retail 28

7.2.4 IT & Telecommunication 28

7.2.5 Government 29

7.2.6 Medical 29

7.2.7 Others 29

8 Global Function As A Service Market, By Region

8.1 Introduction 30

8.2 Market, By Regions 32

8.2.1 North America 32

8.2.1.1 U.S. 39

8.2.1.2 Canada 43

8.2.1.3 Mexico 45

8.2.2 Europe 48

8.2.2.1 U.K. 55

8.2.2.2 Germany 57

8.2.2.3 France 60

8.2.2.4 Rest Of Europe 62

8.2.3 Asia-Pacific 65

8.2.3.1 China 72

8.2.3.2 Japan 75

8.2.3.3 India 78

8.2.3.4 Rest Of Asia-Pacific 81

8.2.4 Rest Of The World (RoW) 84

9 Competitive Landscape

9.1 Introduction 91

9.2 Market Share Analysis 91

9.3 Company Profiles 92

9.3.1 IBM Corporation (U.S.) 92

9.3.1.1 Business Overview 92

9.3.1.2 Product/Service Portfolio 92

9.3.1.3 Business Strategy 93

9.3.1.4 SWOT Analysis 93

9.3.2 Google Inc. (U.S) 94

9.3.2.1 Business Overview 94

9.3.2.2 Product/Service Portfolio 94

9.3.2.3 Business Strategy 95

9.3.2.4 SWOT Analysis 95

9.3.3 Microsoft Corporation (U.S) 96

9.3.3.1 Business Overview 96

9.3.3.2 Product/Service Portfolio 96

9.3.3.3 Business Strategy 96

9.3.3.4 SWOT Analysis 97

9.3.4 Amazon Web Services (U.S) 98

9.3.4.1 Business Overview 98

9.3.4.2 Product/Service Portfolio 98

9.3.4.3 Business Strategy 98

9.3.4.4 SWOT Analysis 99

9.3.5 SAP SE (Germany) 100

9.3.5.1 Business Overview 100

9.3.5.2 Product/Service Portfolio 100

9.3.5.3 Business Strategy 100

9.3.5.4 SWOT Analysis 101

9.3.6 Dynatrace LLC (U.S) 102

9.3.6.1 Business Overview 102

9.3.6.2 Product/Service Portfolio 102

9.3.7 Infosys Ltd. (India) 103

9.3.7.1 Business Overview 103

9.3.7.2 Product/Service Portfolio 103

9.3.8 Rogue Wave Software Inc. (U.S.) 104

9.3.8.1 Business Overview 104

9.3.8.2 Product/Service Portfolio 104

9.3.9 TIBCO Software Inc. (U.S.) 104

9.3.9.1 Business Overview 104

9.3.9.2 Product/Service Portfolio 104

9.3.10 Fiorano Software & Affiliates (U.S) 105

9.3.10.1 Business Overview 105

9.3.10.2 Product/Service Portfolio 105

10 Appendix

10.1 Scope Of The Study 106

10.1.1 Research Objective 106

10.1.2 Assumption 106

10.1.3 Limitation 106

10.2 Market Structure 107

11 List Of Tables

TABLE 1 GLOBAL FUNCTION AS A SERVICE MARKET BY USER TYPE, 2020-2027 (USD MILLION) 18

TABLE 2 GLOBAL FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT TYPE, 2020-2027 (USD MILLION) 20

TABLE 3 GLOBAL FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 23

TABLE 4 GLOBAL FUNCTION AS A SERVICE MARKET, BY APPLICATION 2020-2027 (USD MILLION) 25

TABLE 5 GLOBAL FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 27

TABLE 6 GLOBAL FUNCTION AS A SERVICE MARKET, 2020-2027 (USD MILLION) 31

TABLE 7 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY COUNTRY,2020-2027 (USD MILLION) 33

TABLE 8 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY USER TYPE, 2020-2027 (USD MILLION) 34

TABLE 9 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 35

TABLE 10 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY SERVICES,2020-2027 (USD MILLION) 36

TABLE 11 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 37

TABLE 12 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 38

TABLE 13 U.S. FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 39

TABLE 14 U.S. FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 39

TABLE 15 U.S. FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 40

TABLE 16 U.S. FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 41

TABLE 17 U.S. FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 42

TABLE 18 CANADA FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 43

TABLE 19 CANADA FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 43

TABLE 20 CANADA FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 44

TABLE 21 CANADA FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44

TABLE 22 CANADA FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 45

TABLE 23 MEXICO FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 45

TABLE 24 MEXICO FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 46

TABLE 25 MEXICO FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 46

TABLE 26 MEXICO FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47

TABLE 27 MEXICO FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 47

TABLE 28 EUROPE FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 49

TABLE 29 EUROPE FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 50

TABLE 30 EUROPE FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 51

TABLE 31 EUROPE FUNCTION AS A SERVICE MARKET BY SERVICES, 2020-2027 (USD MILLION) 52

TABLE 32 EUROPE FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 53

TABLE 33 EUROPE FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 54

TABLE 34 UK FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 55

TABLE 35 UK FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 55

TABLE 36 UK FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 56

TABLE 37 UK FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56

TABLE 38 UK FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 57

TABLE 39 GERMANY FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 57

TABLE 40 GERMANY FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 58

TABLE 41 GERMANY FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 58

TABLE 42 GERMANY FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59

TABLE 43 GERMANY FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 59

TABLE 44 FRANCE FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 60

TABLE 45 FRANCE FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 60

TABLE 46 FRANCE FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 61

TABLE 47 FRANCE FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 61

TABLE 48 FRANCE FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 62

TABLE 49 REST OF EUROPE FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 62

TABLE 50 REST OF EUROPE FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 63

TABLE 51 REST OF EUROPE FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 63

TABLE 52 REST OF EUROPE FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

TABLE 53 REST OF EUROPE FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 64

TABLE 54 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 66

TABLE 55 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 67

TABLE 56 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 68

TABLE 57 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY SERVICES, 2020-2027 (USD MILLION) 69

TABLE 58 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 70

TABLE 59 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 71

TABLE 60 CHINA FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 72

TABLE 61 CHINA FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 72

TABLE 62 CHINA FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 73

TABLE 63 CHINA FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73

TABLE 64 CHINA FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 74

TABLE 65 JAPAN FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 75

TABLE 66 JAPAN FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 75

TABLE 67 JAPAN FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 76

TABLE 68 JAPAN FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 76

TABLE 69 JAPAN FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 77

TABLE 70 INDIA FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 78

TABLE 71 INDIA FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 78

TABLE 72 INDIA FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 79

TABLE 73 INDIA FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 79

TABLE 74 INDIA FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 80

TABLE 75 REST OF ASIA-PACIFIC FUNCTION AS A SERVICE MARKET, BY USER TYPE, 2020-2027 (USD MILLION) 81

TABLE 76 REST OF ASIA-PACIFIC FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 81

TABLE 77 REST OF ASIA-PACIFIC FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 82

TABLE 78 REST OF ASIA-PACIFIC FUNCTION AS A SERVICE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83

TABLE 79 REST OF ASIA-PACIFIC FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 83

TABLE 80 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 85

TABLE 81 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 86

TABLE 82 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 87

TABLE 83 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY SERVICES, 2020-2027 (USD MILLION) 88

TABLE 84 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 89

TABLE 85 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 90

12 List Of Figures

FIGURE 1 GLOBAL FUNCTION AS A SERVICE MARKET: DRIVERS & RESTRAINTS 13

FIGURE 2 FUNCTION AS A SERVICE PRINCIPLES AND LOGIC 16

FIGURE 3 GLOBAL FUNCTION AS A SERVICE MARKET: PORTER’S FIVE FORCES ANALYSIS 17

FIGURE 4 GLOBAL FUNCTION AS A SERVICE MARKET BY USER TYPE, 2020-2027 (USD MILLION) 18

FIGURE 5 GLOBAL FUNCTION AS A SERVICE MARKET, BY DEPLOYMENT TYPE, 2020-2027 (USD MILLION) 20

FIGURE 6 GLOBAL FUNCTION AS A SERVICE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 22

FIGURE 7 GLOBAL FUNCTION AS A SERVICE MARKET, BY APPLICATION 2020-2027 (USD MILLION) 25

FIGURE 8 GLOBAL FUNCTION AS A SERVICE MARKET, BY VERTICALS, 2020-2027 (USD MILLION) 27

FIGURE 9 GLOBAL FUNCTION AS A SERVICE MARKET, BY REGION, 2020-2027 (USD MILLION) 31

FIGURE 11 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY COUNTRY,2020-2027 (USD MILLION) 33

FIGURE 12 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY USER TYPE, 2020-2027 (USD MILLION) 34

FIGURE 13 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020- 2027 (USD MILLION) 35

FIGURE 14 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY SERVICES, 2020-2027 (USD MILLION) 36

FIGURE 15 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 37

FIGURE 16 NORTH AMERICA FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 38

FIGURE 17 EUROPE FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 49

FIGURE 18 EUROPE FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 50

FIGURE 19 EUROPE FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 51

FIGURE 20 EUROPE FUNCTION AS A SERVICE MARKET BY SERVICES, 2020-2027 (USD MILLION) 52

FIGURE 21 EUROPE FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020- 2027 (USD MILLION) 53

FIGURE 22 EUROPE FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020- 2027 (USD MILLION) 54

FIGURE 23 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 66

FIGURE 24 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 67

FIGURE 25 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY DEPLOYEMNT TYPE, 2020- 2027 (USD MILLION) 68

FIGURE 26 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY SERVICES, 2020- 2027 (USD MILLION) 69

FIGURE 27 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020- 2027 (USD MILLION) 70

FIGURE 28 ASIA-PACIFIC FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020- 2027 (USD MILLION) 71

FIGURE 29 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 84

FIGURE 30 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY USERS TYPE, 2020-2027 (USD MILLION) 85

FIGURE 31 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY DEPLOYMENT, 2020-2027 (USD MILLION) 86

FIGURE 32 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY SERVICES, 2020- 2027 (USD MILLION) 87

FIGURE 33 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 89

FIGURE 34 REST OF THE WORLD (ROW) FUNCTION AS A SERVICE MARKET BY VERTICALS, 2020-2027 (USD MILLION) 90

FIGURE 35 GLOBAL FUNCTION AS A SERVICE KEY PLAYERS MARKET SHARE, 2020 (%) 91

FIGURE 36 GLOBAL FUNCTION AS A SERVICE MARKET STRUCTURE 107

FIGURE 37 MRFR RESEARH PROCESS 108