Serverless Architecture Market Size Analysis, Segmentation, Industry Outlook, and Forecasts, 2020-2027
Serverless architecture is the application that depends on third-party services or on custom code that is run in ephemeral containers. Despite the name, it does not involve running the code without servers. The name ‘serverless computing’ is applied because the business or person that owns the system does not have to rent, purchase or provision servers or virtual machines for the back-end code to run on.
Application of serverless
architecture by developers are made so that they can focus on the core product
instead of handling, managing and operating server issues, either in the cloud
or on-premises. The reduced time with the serverless architecture helps
developers reclaim time and energy that can be spent on developing new reliable
products.
Serverless architecture benefits
from significant amount of cost reduction, complexity, and engineering lead
time, at the cost of increased reliance on vendors and comparatively immature
supporting services. Serverless architecture is being applied by cloud vendors
such as AWS, in conferences to meetups to blog posts. It assures the
possibility of ideal business implementation, which is cost-efficient as well.
To identify the key trends in the industry, click on the
link below: https://www.reportsanddata.com/report-detail/serverless-architecture-market
Further key findings from
the report suggest
- Serverless architecture is breaking ground by
disrupting server infrastructure. Serverless architecture is used by
companies such as Reuters, Netflix, Telenor, and AOL. Companies are
increasingly adopting the market. The ‘Big Three’ cloud vendors such as
Google, Amazon, and Microsoft are also heavily invested in serverless.
- Large enterprise held a market share of 59.1% in the
year 2018 owing to the enterprise's superior capabilities to run real-time
applications on a large scale. Moreover, large enterprises are adopting
serverless architecture for critical tasks, such as essential web
applications and data processing.
- Automation and Integration is the effective
amalgamation of software and hardware, combining several subsystems for
working together as a single unit. It held the largest market share of
21.3% in the year 2018.
- Increase in the number of users and the rising
adoption of several technologies associated with media and digital content
are propelling the demand for secure and efficient serverless architecture
across the telecommunication and IT sectors. Telecom and IT held the
largest market share of 21.9% in the year 2018.
- The Banking, Financial Services, and Insurance sector
is constantly evolving and consists of intense competition, consolidation,
worldwide expansion, changing consumer demand, and varied regulatory
norms. The serverless architecture supports real-time applications and
offers a secure and scalable platform to provide real-time information as
demanded by the BFSI sector. It is forecasted to grow with a CAGR of 23.9%
during the forecast period.
- High adoption of cloud infrastructure solutions and
increasing penetration of IoT devices are fuelling the demand for
serverless architecture in North America. The region is forecasted to hold
the largest market share of 44.6% in the year 2026.
- Key participants include Amazon Web Services, Inc,
Alibaba Cloud, CA Technologies, Dynatrace LLC, Fiorano Software, Inc.,
Google LLC, IBM Corporation, Microsoft Corporation, NIT Data Corporation,
and Oracle Corporation, among others.
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For the purpose of this report,
Reports and Data have segmented into the global serverless architecture market
on the basis of services, organization size, vertical, and region:
Services Outlook (Revenue, USD
Billion; 2016-2026)
- Automation & Integration
- Api Management Services
- Monitoring Services
- Security
- Support and Maintenance
- Training and Consulting
- Others
Organization Size Outlook
(Revenue, USD Billion; 2016-2026)
- Large Enterprises
- Small and Medium Enterprises
Vertical Outlook (Revenue, USD
Billion; 2016-2026)
- Healthcare
- Retail and E-commerce
- Telecom & IT
- Media and Entertainment
- BFSI
- Manufacturing
- Government and Public
- Others
Regional Outlook (Revenue, USD
Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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