Market Overview

Global Serverless Architecture Market 2018-2023: The Elimination of the Need to Manage Servers; Thereby Reducing Infrastructure Costs, is Driving Growth - ResearchAndMarkets.com

Share:

The "Serverless
Architecture Market by Service type (Automation and Integration,
Monitoring, API Management, Security, Support & Maintenance, and
Training & Consulting), Deployment Model, Organization Size, Verticals,
and Region - Global Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The serverless architecture market size is estimated to be USD 4.25
billion in 2018 and expected to reach USD 14.93 billion by 2023, at a
Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period.

The major factors that are expected to drive the growth of the
serverless architecture market include the elimination of the need to
manage servers for reducing infrastructure costs and easing deployment,
management, and execution, shift from the DevOps to the serverless
computing, and proliferation of microservices architecture.

The serverless architecture market has been demonstrating considerable
growth, but the lack of security and strict compliances may restrain the
growth of the market.

The monitoring services segment is expected to grow at the highest CAGR
during the forecast period, due to the increasing adoption of
microservices across verticals. Monitoring services give a complete
picture of the health of the serverless infrastructure by providing
visibility across various cloud deployments and key network metrics.

These services help reduce blind spots by detecting issues with
containers, load balancers, disconnected hosts, and third-party
providers. The monitoring services play a crucial role when more than 2
functions are deployed by different Cloud Service Providers (CSPs).

The BFSI vertical is estimated to account for the largest market share
in 2018. This industry vertical is one of the early adopters that has
leveraged the benefits of serverless architecture. It is constantly
evolving and characterized by intense competition, worldwide expansion,
consolidation, varied regulatory norms, and constantly changing consumer
demands.

Serverless architecture supports real-time applications and offers a
scalable and secure platform for providing real-time information to the
BFSI vertical. Hence, the BFSI vertical is expected to offer significant
growth opportunities for vendors in the serverless architecture market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Serverless Architecture Market, By Service Type

7 Serverless Architecture Market, By Deployment Model

8 Serverless Architecture Market, By Organization Size

9 Serverless Architecture Market, By Vertical

10 Serverless Architecture Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Amazon Web Services (AWS)
  • Google
  • IBM
  • Microsoft
  • Oracle
  • CA Technologies
  • Rackspace
  • Alibaba
  • Tibco Software
  • Platform9
  • Syncano
  • NTT Data
  • Joyent
  • Iron.io
  • StdLib
  • Realm
  • Galactic Fog IP Inc.
  • Modubiz
  • Tarams Software Technologies
  • Snyk
  • Dynatrace
  • Fiorano Software
  • Manjrasoft
  • SixSq
  • Twistlock

For more information about this report visit https://www.researchandmarkets.com/research/k586cb/global_serverless?w=4

View Comments and Join the Discussion!