Global Serverless Architecture Market Research Report: Services (Monitoring, API Management, Automation & Integration, Security, Support & Maintenence, Training & Consulting, Analytics, Others), Organization Size (Small & Medium Enterprises, Large Enterprises) and Industry Vertical (BFSI, Manufacturing, Telecommunication & IT, Retail & eCommerce, Healthcare, Government, Media & Entertainment, Transport & Logistics, Energy & Utilities, Others) – Forecast to 2023
The global serverless architecture market is expected to witness highly positive growth over the upcoming forecast period. Serverless architecture relies on the cloud to provide scalable IT infrastructure for enterprises at every size. Used primarily in enterprise IT, serverless architecture is in high demand due to the number of benefits it offers users. The increased need to manage and optimize infrastructure costs is perhaps one of the most significant drivers of the market.
The increasing adoption of cloud computing has increased the revenue generated by the serverless architecture market. Enterprise IT offerings have revolutionized operational efficiency. Serverless architecture eliminates the need for expensive physical infrastructure. Deployment of managed services and others such as software and functions are easy to deploy and manage using serverless architecture, thus driving growth. Awareness about cloud technology and serverless architecture have played a vital role in adoption. Moreover, serverless architecture has made it possible for small and medium enterprises to adopt IT services normally used in large enterprises due to the high scalability that serverless architecture offers.
MRFR's report on the global serverless architecture market offers a detailed view of the various factors influencing the growth of the market. The global, segmental and country-level analysis of the market has been provided. Forecasts have been made regarding the segments of the market on the basis of service, organization size, and industry vertical. Drivers, restraints, and threats influencing or restraining market growth are interpreted and detailed in the report. Market opportunities have been identified and presented in high growth segments of the serverless architecture market. The competitive landscape has been gauged and reported on along with a comparative analysis of business strategies.
Rackspace Inc., Microsoft Corporation, IBM Corporation, CA Technologies, Dell Boomi Inc., Joyent Inc., Platform9 Systems Inc., Amazon Web Services Inc., Manjrasoft Pty Ltd., Alibaba Cloud, Twistlock, Fiorano Software Inc., TIBCO Software Inc., Oracle Corporation, Google LLC and others.
Market Research Future begins every market study with the procurement of raw data using a multitude of research methods allow meticulous data collection. Primary and secondary methods are used in the right mix to offer a wide range of information relevant to the global serverless architecture market. Primary sources include first-hand interviews with executives in top levels at important market participating organizations. Secondary sources include government websites, reputable statistics agencies, and company annual reports among publically available resources. Raw data is processed and whittled down to its key details which also offer intelligent observations made by experienced data analysts. Top-down and bottom-up approaches are employed for market size estimation, validation, and forecasting. The final report is properly vetted to ensure it meets MRFR's high standards before delivery.
Frequently Asked Questions (FAQ) :
The market can garner a robust growth rate in the coming years.
The market size is poised to expand quite significantly by the end of 2023.
The top players considered in the report are IBM Corporation, Platform9 Systems Inc., TIBCO Software Inc., Dell Boomi Inc., Google LLC, Rackspace Inc., Amazon Web Services Inc., Microsoft Corporation, Alibaba Cloud, Twistlock, Joyent Inc., Oracle Corporation, CA Technologies, Manjrasoft Pty Ltd., Fiorano Software Inc., among others.
Some of the revenue enhancers in the market are the rising adoption of cloud computing, mounting awareness about cloud technology as well as serverless architecture combined with the increasing need to optimize infrastructure costs.
Operational complexities along with compliance issues are the significant market restraints covered in the report