Global Function as a Service Market

Function as a Service Comprehensive Study by Application (Web-based and Mobile Application, Research and Academic Application, Others (Stream Processing and Media Processing)), By User (Developer-Centric FaaS, Operator-Centric FaaS), By Service (Automation and Integration Service, Microservice Monitoring and Management Service, API Management Service, Support and Maintenance, Training and Consulting, Others (Metering and Billing)), By Industrial Vertical (BFSI, Telecommunication and ITES, Consumer Goods and Retail, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others), By Organization Size (Small Size, Medium Size, Large Size)

Function as a Service Market by XX Submarkets | Forecast Years 2024-2030  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Function as a Service
Function as a Service (FaaS) is a type of cloud computing service that gives a stage permitting clients to create, run, and oversee application functionalities without the intricacy of building and keeping up with the foundation regularly connected with creating and dispatching an app. Building an application by following this model is one method of accomplishing "serverless" engineering, and is normally utilized when building microservices applications. The benefits of FaaS are it focus more on code, not infrastructure, pay only for the resources you use when you use them, you pay only when an action occurs, scale up or down automatically, FaaS offers inherent high availability because it is spread across multiple availability zones per geographic region.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)


The function as a service market is highly competitive due to there is the availability of many players in the market. The leading organization in the market are using various strategies, techniques like new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Function as a Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

IBM (United States), Google Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), Dynatrace LLC (United States), Infosys Ltd. (India), Rogue Wave Software Inc. (United States), TIBCO Software Inc. (United States) and Fiorano Software and Affiliates (United States) are some of the key players that are part of study coverage.

Segmentation Overview
AMA Research has segmented the market of Global Function as a Service market by , Application (Web-based and Mobile Application, Research and Academic Application and Others (Stream Processing and Media Processing)) and Region.



On the basis of geography, the market of Function as a Service has been segmented into . If we see Market by By User , the sub-segment i.e. Developer-Centric FaaS will boost the Function as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Service, the sub-segment i.e. Automation and Integration Service will boost the Function as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Industrial Vertical, the sub-segment i.e. BFSI will boost the Function as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Organization Size, the sub-segment i.e. Small Size will boost the Function as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Retailers are continuously seeking to adopt hybrid cloud for their operations and Increase in demand for automation and integration of service

Market Growth Drivers:
FaaS provides easy to deploy, manage, and run the functions and FaaS create a shift from DevOps to serverless computing

Challenges:
Solving the different issues with third-party services and reduce architectural complexity and To reduce the operational complexity

Restraints:
Application portability on various cloud environments related to architecture and The high initial cost of the application of FaaS

Opportunities:
Increase in Microservice-based deployment across the industries and Increase in adoption of FaaS by SMEs in emerging countries

Market Leaders and their expansionary development strategies
In September 2021, DigitalOcean Holdings, Inc. the cloud for developers, startups and SMBs, acquired of Nimbella, a serverless platform provider. The acquisition expands DigitalOcean’s capabilities into the rapidly growing function-as-a-service (FaaS) market and will add an additional serverless compute offering to complement the company’s existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, which target developers in small and medium-sized businesses (SMBs).
On 13 July 2021, Microsoft Corp. and NEC Corporation announced an expansion of their decades-long collaboration. Through a new multi-year strategic partnership, the companies will leverage Microsoft Azure, Microsoft 365, NEC’s network and IT expertise, and each other’s AI and IoT solutions to help enterprise customers and the public sector across multiple markets and industries further accelerate their cloud adoption and digital transformation initiatives.


Key Target Audience
IT Firms, Industrial Associations, Government Regulatory Bodies and Research and Development Organizations

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Application
  • Web-based and Mobile Application
  • Research and Academic Application
  • Others (Stream Processing and Media Processing)
By By User
  • Developer-Centric FaaS
  • Operator-Centric FaaS

By By Service
  • Automation and Integration Service
  • Microservice Monitoring and Management Service
  • API Management Service
  • Support and Maintenance
  • Training and Consulting
  • Others (Metering and Billing)

By By Industrial Vertical
  • BFSI
  • Telecommunication and ITES
  • Consumer Goods and Retail
  • Healthcare and Life Sciences
  • Government and Public Sector
  • Manufacturing
  • Media and Entertainment
  • Others

By By Organization Size
  • Small Size
  • Medium Size
  • Large Size

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. FaaS provides easy to deploy, manage, and run the functions
        • 3.2.2. FaaS create a shift from DevOps to serverless computing
      • 3.3. Market Challenges
        • 3.3.1. Solving the different issues with third-party services and reduce architectural complexity
        • 3.3.2. To reduce the operational complexity
      • 3.4. Market Trends
        • 3.4.1. Retailers are continuously seeking to adopt hybrid cloud for their operations
        • 3.4.2. Increase in demand for automation and integration of service
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. Global Function as a Service, by Application, By User , By Service, By Industrial Vertical and By Organization Size (value and price ) (2018-2023)
      • 5.1. Introduction
      • 5.2. Global Function as a Service (Value)
        • 5.2.1. Global Function as a Service by: Application (Value)
          • 5.2.1.1. Web-based and Mobile Application
          • 5.2.1.2. Research and Academic Application
          • 5.2.1.3. Others (Stream Processing and Media Processing)
        • 5.2.2. Global Function as a Service by: By Service (Value)
          • 5.2.2.1. Automation and Integration Service
          • 5.2.2.2. Microservice Monitoring and Management Service
          • 5.2.2.3. API Management Service
          • 5.2.2.4. Support and Maintenance
          • 5.2.2.5. Training and Consulting
          • 5.2.2.6. Others (Metering and Billing)
        • 5.2.3. Global Function as a Service by: By Industrial Vertical (Value)
          • 5.2.3.1. BFSI
          • 5.2.3.2. Telecommunication and ITES
          • 5.2.3.3. Consumer Goods and Retail
          • 5.2.3.4. Healthcare and Life Sciences
          • 5.2.3.5. Government and Public Sector
          • 5.2.3.6. Manufacturing
          • 5.2.3.7. Media and Entertainment
          • 5.2.3.8. Others
        • 5.2.4. Global Function as a Service by: By Organization Size (Value)
          • 5.2.4.1. Small Size
          • 5.2.4.2. Medium Size
          • 5.2.4.3. Large Size
      • 5.3. Global Function as a Service (Price)
    • 6. Function as a Service: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2023)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. IBM (United States)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. Google Inc. (United States)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. Microsoft Corporation (United States)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. Amazon Web Services (United States)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. SAP SE (Germany)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. Dynatrace LLC (United States)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. Infosys Ltd. (India)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. Rogue Wave Software Inc. (United States)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. TIBCO Software Inc. (United States)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Fiorano Software and Affiliates (United States)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
    • 7. Global Function as a Service Sale, by Application, By User , By Service, By Industrial Vertical and By Organization Size (value and price ) (2025-2030)
      • 7.1. Introduction
      • 7.2. Global Function as a Service (Value)
        • 7.2.1. Global Function as a Service by: Application (Value)
          • 7.2.1.1. Web-based and Mobile Application
          • 7.2.1.2. Research and Academic Application
          • 7.2.1.3. Others (Stream Processing and Media Processing)
        • 7.2.2. Global Function as a Service by: By Service (Value)
          • 7.2.2.1. Automation and Integration Service
          • 7.2.2.2. Microservice Monitoring and Management Service
          • 7.2.2.3. API Management Service
          • 7.2.2.4. Support and Maintenance
          • 7.2.2.5. Training and Consulting
          • 7.2.2.6. Others (Metering and Billing)
        • 7.2.3. Global Function as a Service by: By Industrial Vertical (Value)
          • 7.2.3.1. BFSI
          • 7.2.3.2. Telecommunication and ITES
          • 7.2.3.3. Consumer Goods and Retail
          • 7.2.3.4. Healthcare and Life Sciences
          • 7.2.3.5. Government and Public Sector
          • 7.2.3.6. Manufacturing
          • 7.2.3.7. Media and Entertainment
          • 7.2.3.8. Others
        • 7.2.4. Global Function as a Service by: By Organization Size (Value)
          • 7.2.4.1. Small Size
          • 7.2.4.2. Medium Size
          • 7.2.4.3. Large Size
      • 7.3. Global Function as a Service (Price)
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Function as a Service: by Application(USD Million)
    • Table 2. Function as a Service: by By Service(USD Million)
    • Table 3. Function as a Service: by By Industrial Vertical(USD Million)
    • Table 4. Function as a Service: by By Organization Size(USD Million)
    • Table 5. Company Basic Information, Sales Area and Its Competitors
    • Table 6. Company Basic Information, Sales Area and Its Competitors
    • Table 7. Company Basic Information, Sales Area and Its Competitors
    • Table 8. Company Basic Information, Sales Area and Its Competitors
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Function as a Service: by Application(USD Million)
    • Table 16. Function as a Service: by By Service(USD Million)
    • Table 17. Function as a Service: by By Industrial Vertical(USD Million)
    • Table 18. Function as a Service: by By Organization Size(USD Million)
    • Table 19. Research Programs/Design for This Report
    • Table 20. Key Data Information from Secondary Sources
    • Table 21. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Function as a Service: by Application USD Million (2018-2023)
    • Figure 5. Global Function as a Service: by By Service USD Million (2018-2023)
    • Figure 6. Global Function as a Service: by By Industrial Vertical USD Million (2018-2023)
    • Figure 7. Global Function as a Service: by By Organization Size USD Million (2018-2023)
    • Figure 8. Global Function as a Service share by Players 2023 (%)
    • Figure 9. Global Function as a Service share by Players (Top 3) 2023(%)
    • Figure 10. Global Function as a Service share by Players (Top 5) 2023(%)
    • Figure 11. BCG Matrix for key Companies
    • Figure 12. IBM (United States) Revenue, Net Income and Gross profit
    • Figure 13. IBM (United States) Revenue: by Geography 2023
    • Figure 14. Google Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 15. Google Inc. (United States) Revenue: by Geography 2023
    • Figure 16. Microsoft Corporation (United States) Revenue, Net Income and Gross profit
    • Figure 17. Microsoft Corporation (United States) Revenue: by Geography 2023
    • Figure 18. Amazon Web Services (United States) Revenue, Net Income and Gross profit
    • Figure 19. Amazon Web Services (United States) Revenue: by Geography 2023
    • Figure 20. SAP SE (Germany) Revenue, Net Income and Gross profit
    • Figure 21. SAP SE (Germany) Revenue: by Geography 2023
    • Figure 22. Dynatrace LLC (United States) Revenue, Net Income and Gross profit
    • Figure 23. Dynatrace LLC (United States) Revenue: by Geography 2023
    • Figure 24. Infosys Ltd. (India) Revenue, Net Income and Gross profit
    • Figure 25. Infosys Ltd. (India) Revenue: by Geography 2023
    • Figure 26. Rogue Wave Software Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 27. Rogue Wave Software Inc. (United States) Revenue: by Geography 2023
    • Figure 28. TIBCO Software Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 29. TIBCO Software Inc. (United States) Revenue: by Geography 2023
    • Figure 30. Fiorano Software and Affiliates (United States) Revenue, Net Income and Gross profit
    • Figure 31. Fiorano Software and Affiliates (United States) Revenue: by Geography 2023
    • Figure 32. Global Function as a Service: by Application USD Million (2025-2030)
    • Figure 33. Global Function as a Service: by By Service USD Million (2025-2030)
    • Figure 34. Global Function as a Service: by By Industrial Vertical USD Million (2025-2030)
    • Figure 35. Global Function as a Service: by By Organization Size USD Million (2025-2030)
    List of companies from research coverage that are profiled in the study
    • IBM (United States)
    • Google Inc. (United States)
    • Microsoft Corporation (United States)
    • Amazon Web Services (United States)
    • SAP SE (Germany)
    • Dynatrace LLC (United States)
    • Infosys Ltd. (India)
    • Rogue Wave Software Inc. (United States)
    • TIBCO Software Inc. (United States)
    • Fiorano Software and Affiliates (United States)
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    Key Highlights of Report


    Feb 2024 200 Pages 58 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    The standard version of the report profiles players such as IBM (United States), Google Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), Dynatrace LLC (United States), Infosys Ltd. (India), Rogue Wave Software Inc. (United States), TIBCO Software Inc. (United States) and Fiorano Software and Affiliates (United States) etc.
    The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
    "Retailers are continuously seeking to adopt hybrid cloud for their operations " is seen as one of major influencing trends for Function as a Service Market during projected period 2023-2030.
    The Function as a Service market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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