Industry Background:
The Serverless architecture is also known as serverless computing or function as a service (FaaS). It is a software design pattern where applications are hosted by a third-party service, eliminating the need for server software and hardware management by the developer. Applications are broken up into individual functions, which can be invoked and scaled individually. Serverless architectures remove much of the need for a traditional always-on server component.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Amazon Web Services, Inc. (United States), Google LLC (United States), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Alibaba Cloud (Singapore), CA Technologies (United States), Fiorano Software (United States), ModuBiz Ltd. (United States) and NTT Data (Japan) |
According to AMA, the market for Serverless Architecture is expected to register a CAGR of 27.3% during the forecast period to 2028. This growth is primarily driven by Ease of Deployment, Management, and Execution, Shift from DevOps to Serverless Computing, Elimination of the Need to Manage Servers, Thereby Reducing Infrastructure Costs and The proliferation of the Microservices Architecture.
Globally, a noticeable market trend is evident Functional Languages in Serverless Deployment The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amazon Web Services, Inc. (United States), Google LLC (United States), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Alibaba Cloud (Singapore), CA Technologies (United States), Fiorano Software (United States), ModuBiz Ltd. (United States) and NTT Data (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 11 Dec 2018, Oracle Corp. has unveiled a new serverless computing platform under the umbrella of its Cloud Native Framework services bundle. and On 9 Aug. 2018, Amazon Web Services, Inc. has announced the general availability of Amazon Aurora Serverless. It is a new deployment choice, which automatically starts, scales, and shuts down database capacity with per-second billing for applications with less predictable usage patterns.
Influencing Trend:
Functional Languages in Serverless Deployment
Market Growth Drivers:
Ease of Deployment, Management, and Execution, Shift from DevOps to Serverless Computing, Elimination of the Need to Manage Servers, Thereby Reducing Infrastructure Costs and The proliferation of the Microservices Architecture
Challenges:
Architectural Complexities, The concern with Third-Party Services and Operational Complexities
Restraints:
Security and Compliance Issues
Opportunities:
Increasing Adoption of Cloud-Based Applications and Emergence of IoT Applications
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Serverless Architecture Market
- Analysis about New Entrants in Serverless Architecture Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Serverless Architecture Study Sheds Light on
The Serverless Architecture Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Serverless Architecture industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Serverless Architecture industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.