Serverless Architecture Market

Serverless Architecture Market by Organizations (Small & Medium Enterprises and Large Enterprises), Verticals (Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, BFSI, Retail & E-commerce, Manufacturing, Government & Public, and Others), Services (Training & Consulting, Security, API Management, Support & Maintenance, Monitoring, Automation & Integration, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-2937
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 180
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The global serverless architecture market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increased adoption of serverless architecture for reducing operation cost and increasing process agility.

Serverless Architecture Market Key Takeaways

Serverless architecture also known as a function as a service (FaaS) is a set-up in which the user can run and build services and applications without the need to manage infrastructure. It’s the software design in which the need for server management is eliminated as a third-part services host an application. Applications are separated into individual functions, which can be scaled and invoked independently. By use of a serverless architecture, the operator no longer has to maintain servers, provision, storage systems, and database. Serverless architectures can be deployed on both, on-premise as well as cloud.

The COVID-19 pandemic outbreak has considerable impact on the market. The work from home policy adapted by organization drive the demand of serverless architecture in industries including BFSI, IT, e-commerce, and media & entertainment for smooth operational activities. However, due to lockdown imposed by government bodies hampered the demand of serverless architecture in manufacturing plant, retail, and public sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Decreasing infrastructure cost and complexity by serverless architecture is one of the key factor driving the market growth.
  • Emerging computing technology is enabling organizations to incorporate serverless environment is projected to drive the market expansion during the forecast period.
  • Growing concern about compliance and security as loss of control over infrastructure acts as a major challenge that can restrict the market growth in the coming years.
  • Escalating issues with third party application programming interface can hamper the market growth during the projected timeline.
  • Increasing penetration of artificial intelligence along with internet of things technology in organizations is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global serverless architecture market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

Serverless Architecture Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Organizations (Small & Medium Enterprises and Large Enterprises), Verticals (Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, BFSI, Retail & E-commerce, Manufacturing, Government & Public, and Others), and Services (Training & Consulting, Security, API Management, Support & Maintenance, Monitoring, Automation & Integration, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alibaba Cloud; Dynatrace, Inc.; Galactic Fog IP, Inc.; IBM Corp.; Microsoft Corp.; Manjrasoft Pty Ltd.; Oracle Corp.; Realm; StdLib; SixSq; Tarams Technologies; Amazon Web Services, Inc.; CA Technologies, Inc.; Fiorano Software, Inc.; Google LLC; Joyent Inc.; ModuBiz Ltd.; NTT Data; Platform9 Systems, Inc.; Rackspace Inc.; Snyk Ltd.; Twistlock; and TIBCO Software Inc.

Market Segment Insights

Server management elimination increases the large enterprises segment market share

On the basis of organizations, the market is bifurcated into small & medium enterprises and large enterprises. The large enterprises segment is estimated to account for a significant market share during the forecast period attributed to the increased implementation of serverless architecture for data processing and real-time web applications. Additionally, boost in the focus of server management elimination by larger enterprises is major driver of the segment. However, the small & medium enterprises segment is anticipated to grow at a high CAGR during the projected period attributed to increase in need for affordable and scalable technology, which can reduce infrastructure and IT costs among these organizations while providing high scalability.

BFSI segment is estimated to expand at robust growth rate

Based on verticals, the global serverless architecture market is divided into, telecom & IT, media & entertainment, healthcare & life sciences, BFSI, retail & e-commerce, manufacturing, government & public, and others. The BFSI segment is estimated to expand at robust growth rate during the forecast period owing to increased use of serverless architecture by banks for providing quick response, optimize workflow, and customized customer response. On the other hand, the media & entertainment segment is projected to expand at a considerable CAGR during the forecast period attributed to the boost in demand for handling large volume of data & workflows and to improve business outcomes & broadcasting.

Efficient management of micro services drive the automation & integration segment

Based on services, the market is fragmented into, training & consulting, security, API management, support & maintenance, monitoring, automation & integration, and others. The automation & integration segment is expected to grow at a rapid pace during the forecast period attributed to these services plays an essential role in establishing a strong serverless architecture in any organization. Moreover, automation services helps third-party vendors in efficient management of micro services and integration services functions in working of multiple micro services and data collection, which is driving the segment growth further. However, the monitoring segment is anticipated to expand at a substantial CAGR in the coming years due to these services which allow users to focus on their application code as, vendors manage the servers and their maintenance.

North America is anticipated to constitute a key market share

In terms of region, the global serverless architecture market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to presence of key players in the region, which are adopting new technologies to remain competitive in the market. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the shift from traditional IT infrastructure to automation by industries in the region and boost of investment in digital transformation to reduce operational cost.

Serverless Architecture Market By Regions

Segments

Segments Covered in the Report
The global serverless architecture market has been segmented on the basis of

Organizations
  • Small & Medium Enterprises
  • Large Enterprises
Verticals
  • Telecom & IT
  • Media & Entertainment
  • Healthcare & Life Sciences
  • BFSI
  • Retail & E-commerce
  • Manufacturing
  • Government & Public
  • Others
Services
  • Training & Consulting
  • Security
  • API Management
  • Support & Maintenance
  • Monitoring
  • Automation & Integration
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alibaba Cloud
  • Dynatrace, Inc.
  • Galactic Fog IP, Inc.
  • IBM Corp.
  • Microsoft Corp.
  • Manjrasoft Pty Ltd.
  • Oracle Corp.
  • Realm
  • StdLib
  • SixSq
  • Tarams Technologies
  • Amazon Web Services, Inc.
  • CA Technologies, Inc.
  • Fiorano Software, Inc.
  • Google LLC
  • Joyent Inc.
  • ModuBiz Ltd.
  • NTT Data
  • Platform9 Systems, Inc.
  • Rackspace Inc.
  • Snyk Ltd.
  • Twistlock
  • TIBCO Software Inc.

Competitive Landscape

Key players competing in the global serverless architecture market are Alibaba Cloud; Dynatrace, Inc.; Galactic Fog IP, Inc.; IBM Corp.; Microsoft Corp.; Manjrasoft Pty Ltd.; Oracle Corp.; Realm; StdLib; SixSq; Tarams Technologies; Amazon Web Services, Inc.; CA Technologies, Inc.; Fiorano Software, Inc.; Google LLC; Joyent Inc.; ModuBiz Ltd.; NTT Data; Platform9 Systems, Inc.; Rackspace Inc.; Snyk Ltd.; Twistlock; and TIBCO Software Inc.

Companies are focusing on improving their serverless architecture by adopting advanced technologies. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in April 2020, Amazon Web Services, Inc. announced a launch of Fargate 1.4. an update to its serverless container platform. This new update removes use of Docker Engine and increases support for shared Elastic File System storage. This update makes it easy to run more workloads in container applications.

In November 2019, Google LLC launched Cloud Run serverless containers. The Cloud Run service allows developers to run containers on Kubernetes using a serverless model.

Serverless Architecture Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Serverless Architecture Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Serverless Architecture Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Serverless Architecture Market - Supply Chain
  4.5. Global Serverless Architecture Market Forecast
     4.5.1. Serverless Architecture Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Serverless Architecture Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Serverless Architecture Market Absolute $ Opportunity
5. Global Serverless Architecture Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Serverless Architecture Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Serverless Architecture Demand Share Forecast, 2019-2026
6. North America Serverless Architecture Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Serverless Architecture Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Serverless Architecture Demand Share Forecast, 2019-2026
7. Latin America Serverless Architecture Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Serverless Architecture Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Serverless Architecture Demand Share Forecast, 2019-2026
8. Europe Serverless Architecture Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Serverless Architecture Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Serverless Architecture Demand Share Forecast, 2019-2026
9. Asia Pacific Serverless Architecture Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Serverless Architecture Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Serverless Architecture Demand Share Forecast, 2019-2026
10. Middle East & Africa Serverless Architecture Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Serverless Architecture Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Serverless Architecture Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Serverless Architecture Market: Market Share Analysis
  11.2. Serverless Architecture Distributors and Customers
  11.3. Serverless Architecture Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Alibaba Cloud Dynatrace, Inc. Galactic Fog IP, Inc. IBM Corp. Microsoft Corp. Manjrasoft Pty Ltd.  
Segments Covered in the Report
The global serverless architecture market has been segmented on the basis of

Organizations
  • Small & Medium Enterprises
  • Large Enterprises
Verticals
  • Telecom & IT
  • Media & Entertainment
  • Healthcare & Life Sciences
  • BFSI
  • Retail & E-commerce
  • Manufacturing
  • Government & Public
  • Others
Services
  • Training & Consulting
  • Security
  • API Management
  • Support & Maintenance
  • Monitoring
  • Automation & Integration
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alibaba Cloud
  • Dynatrace, Inc.
  • Galactic Fog IP, Inc.
  • IBM Corp.
  • Microsoft Corp.
  • Manjrasoft Pty Ltd.
  • Oracle Corp.
  • Realm
  • StdLib
  • SixSq
  • Tarams Technologies
  • Amazon Web Services, Inc.
  • CA Technologies, Inc.
  • Fiorano Software, Inc.
  • Google LLC
  • Joyent Inc.
  • ModuBiz Ltd.
  • NTT Data
  • Platform9 Systems, Inc.
  • Rackspace Inc.
  • Snyk Ltd.
  • Twistlock
  • TIBCO Software Inc.

Key players competing in the global serverless architecture market are Alibaba Cloud; Dynatrace, Inc.; Galactic Fog IP, Inc.; IBM Corp.; Microsoft Corp.; Manjrasoft Pty Ltd.; Oracle Corp.; Realm; StdLib; SixSq; Tarams Technologies; Amazon Web Services, Inc.; CA Technologies, Inc.; Fiorano Software, Inc.; Google LLC; Joyent Inc.; ModuBiz Ltd.; NTT Data; Platform9 Systems, Inc.; Rackspace Inc.; Snyk Ltd.; Twistlock; and TIBCO Software Inc.

Companies are focusing on improving their serverless architecture by adopting advanced technologies. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in April 2020, Amazon Web Services, Inc. announced a launch of Fargate 1.4. an update to its serverless container platform. This new update removes use of Docker Engine and increases support for shared Elastic File System storage. This update makes it easy to run more workloads in container applications.

In November 2019, Google LLC launched Cloud Run serverless containers. The Cloud Run service allows developers to run containers on Kubernetes using a serverless model.

Serverless Architecture Market By Key Players

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