Serverless Architecture Market by Solution (Functions as a Service (FaaS)), By Technology (Cloud and On-Premises), By Application (Serverless and Microservices), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024
Serverless Architecture Market: Summary
The global serverless architecture market is estimated to reach USD 16.4 Billion in 2024 at a CAGR of 27.7%. Rising demand for cloud technology, advancing fault tolerance technology, increasing performance for financial services expected to drive the in this market. However, error detection issues act as a restrain to the market during the forecast period. Increasing demand for software architecture and highly adoption for micro-services is identified as an opportunity in this market.
Serverless Architecture is a software which use to run code and build application without provisioning or managing services. It is also called as service computing or FaaS (Function as a Service). It is use for faster innovation, easy operation, and to reduce operational cost. Some key players of the market IBM Corporation, Amazon Web Services, Inc., Microsoft Corporation, Oracle Corporation, Alibaba Group Holding Limited, RACKSPACE US, INC., TIBCO Software Inc., NTT DATA, Inc., and Syncano. among other.
Serverless Architecture Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global serverless architecture market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of solution, the market is segmented into functions as a service (FaaS), serverless databases and storage, event streaming and messaging and Application Program Interface (API) gateways. By technology, the serverless architecture market is segmented cloud and on-premises. By application type the market is segmented into serverless and microservices, application program interface (API) backends, data processing, massively parallel compute operations and stream processing workloads. By end use type the market is segmented into manufacturing, telecommunications, healthcare, banking, financial services, and insurance (BFSI), telecommunication and others
Serverless Architecture Market: Report Scope
The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Solution, Technology, Application, End Use Industry
Asia-Pacific, North America, Europe, Middle East & Africa, South America
- IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Microsoft Corporation
- Amazon Web Services, Inc.
- Oracle Corporation
- Alibaba Group Holding Limited
- RACKSPACE US, INC.
- TIBCO Software Inc.
- NTT DATA, Inc.
- Other Key Companies
Serverless Architecture Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Serverless Architecture Market, by Solution
- Functions as a Service (FaaS)
- Serverless Databases and Storage
- Event Streaming and Messaging
- Application Program Interface (API) Gateways
Serverless Architecture Market, by Technology
Serverless Architecture Market, by Application
- Serverless and Microservices
- Application Program Interface (API) Backends
- Data Processing
- Portable Document Format (PDF) processing
- Applying Machine Learning (MI) Toolkits
- Massively Parallel Compute Operations
- Monte Carlo Simulations
- Web Scraping
- Stream Processing Workloads
- IoT Sensor Data
- Log Data
Serverless Architecture Market, by End Use Industry
- Banking, Financial Services, and Insurance (BFSI)
Serverless Architecture Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the Serverless Architecture Market and its growth?
- What will be the effects of the developments in the Serverless Architecture Market on the industry and on the market players in the near and far future?
- What are the evolving types of the Serverless Architecture Market?
- What are the evolving applications of Serverless Architecture Market?
- What are the major characteristics that will affect the Serverless Architecture Market growth during the study period?
- Who are the key players operating in the Serverless Architecture Market?
- How are the major players leveraging in the existing market conditions?
- Serverless Architecture Market Providers
- Serverless Architecture Market Solution and Services Suppliers, Distributors, and Dealers
- End-Users of Varied Segments of SERVERLESS ARCHITECTURE Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SERVERLESS ARCHITECTURE MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Rising Demand for Cloud Technology
4.2.2. Advancing Fault Tolerance Technology
4.2.3. Increasing Performance for Financial Services
4.3.1. Error Detection Issues
4.4.1. Increasing Demand of Software Architecture
4.4.2. High Adoption in Micro-services
4.5.1 Stateless Issues
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 SERVERLESS ARCHITECTURE MARKET BY SOLUTION, Market Size in USD Million (2017—2024)
6.2 Functions as a Service (FaaS)
6.3 Serverless Databases and Storage
6.4 Event Streaming and Messaging
6.5 Application Program Interface (API) Gateways
7 SERVERLESS ARCHITECTURE MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
8 SERVERLESS ARCHITECTURE MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.2 Serverless and Micro-services
8.3 Application Program Interface (API) Backends
8.4 Data Processing
8.4.1 Portable Document Format (PDF) processing
8.4.2 Applying Machine Learning (MI) Toolkits
8.5 Massively Parallel Compute Operations
8.5.1 Monte Carlo Simulations
8.5.2 Web Scraping
8.6 Stream Processing Workloads
8.6.1 IoT Sensor Data
8.6.2 Log Data
9 SERVERLESS ARCHITECTURE MARKET BY END USE, Market Size in USD Million (2017—2024)
9.5 Banking, Financial Services, and Insurance (BFSI)
10 SERVERLESS ARCHITECTURE MARKET BY REGION, Market Size in USD Million (2017—2024)
10.1 North America
8.2.6. The Netherlands
8.2.7. Rest of Europe
8.3.4. South Korea
8.3.6. Rest of Asia-Pacific
10.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.3. Rest of Middle East & Africa
10.5 South America
8.5.3. Rest of South America
11 COMPETITIVE LANDSCAPE
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 IBM Corporation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 Microsoft Corporation
12.3 Amazon Web Services, Inc.
12.4 Oracle Corporation
12.5 Alibaba Group Holding Limited
12.6 RACKSPACE US, INC.
12.7 TIBCO Software Inc.
12.8 NTT DATA, Inc.
12.10 Other Key Companies
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.
About Forencis Research
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Key Questions Answered by the Report
- Major factors impacting the market and its growth
- Evolving Types of the various products in the Market
- Evolving Application of the various products in the Market
- Growing countries in the Global Market
- Effects of the developments in the market on the industry and on the market players
- Key market developments undertaken by the leading players
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