Serverless architecture is an architecture which enables a user to develop and run applications and services without the infrastructural management. The serverless architecture allows a user to run applications, databases, and storage systems without any requirement to supply, scale, and maintain servers. This allows the developers to focus on their core product instead of managing the server and storage. The serverless architecture has enhanced the easiness of deployment, management, and execution to manage the servers in a cost-effective way. Additionally, the adoption of cloud-based technologies and third-party vendors to manage server component in organizations has propelled the serverless architecture market. However, the security and compliance issues of serverless architecture have restricted the growth of the market. The serverless architecture provides various services such as automation and integration services, monitoring services, API management services, security, and support and maintenance. Serverless architecture can be deployed on private as well as public cloud depending upon the requirements of the enterprise.
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Geographically, the market has been segmented based on different regions include North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is expected to have significant market share in the serverless architecture market due to the dominance of major players which has strengthened the regional market by providing service in industries such as BFSI (Banking, financial services, and insurance), manufacturing, healthcare, and retail. Further, Asia-Pacific is anticipated to register the highest growth due to growing opportunities in the IT infrastructures in industries such as manufacturing, retail, and BFSI, who are moving towards automation system. Additionally, the increasing investments for digital transformation to reduce the operational costs is further boosting the growth of serverless architecture market within the region. The companies offering serverless architecture solutions include such as Amazon Web Services, Inc., Pivotal Software, Inc., Platform9, Microsoft Corp., IBM Corp., Google LLC, 99x Technology, and Coding Sans, Ltd.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Serverless Architecture Market by Organization
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
Global Serverless Architecture Market by Application
- Banking, Financial Services and Insurance (BFSI)
- Manufacturing
- Telecommunication and IT
- Others (Retail, Government, Healthcare, Media, Transport, and Energy)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 99x Technology, Ltd.
- Amazon Web Services, Inc.
- Coding Sans, Ltd.
- Dynatrace LLC
- Google, LLC
- IBM Corp.
- Joyent, Inc.
- Microsoft Corp.
- Mode2
- NTT DATA Corp.
- Oracle Corp.
- Pivotal Software, Inc.
- Platform9
- Serverless, Inc.
- Syncano Inc.
- TIBCO Software Inc.
- Twilio, Inc.
- Twistlock, Ltd.
The Report Covers:
- Comprehensive research methodology of the serverless architecture market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global serverless architecture market.
- Insights about market determinants which are stimulating the global serverless architecture market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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