Serverless Architecture Market Revenue Continues to Dominate with CAGR value Globally To 2027

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.

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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.

List of the leading companies operating in the Serverless Architecture Market include:

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.
Syncano
Other Key Companies

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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

Cloud
On-Premises

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

Manufacturing
Telecommunications
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Telecommunication
Others

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Serverless Architecture Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, 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?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

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

4.1 Introduction

4.2 Drivers

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 Restraints

4.3.1. Error Detection Issues

4.4 Opportunities

4.4.1. Increasing Demand of Software Architecture

4.4.2. High Adoption in Micro-services

4.5 Challenges

4.5.1 Stateless Issues

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

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)

6.1 Introduction

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)

7.1 Introduction

7.2 Cloud

7.3 On-Premises

8 SERVERLESS ARCHITECTURE MARKET BY APPLICATION, Market Size in USD Million (2017—2024)

8.1 Introduction

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)

9.1 Introduction

9.2 Manufacturing

9.3 Telecommunications

9.4 Healthcare

9.5 Banking, Financial Services, and Insurance (BFSI)

9.6 Telecommunication

9.7 Others

10 SERVERLESS ARCHITECTURE MARKET BY REGION, Market Size in USD Million (2017—2024)

10.1 North America

8.1.1. US

8.1.2. Canada

8.1.3. Mexico

10.2 Europe

8.2.1. Germany

8.2.2. France

8.2.3. Italy

8.2.4. UK

8.2.5. Spain

8.2.6. The Netherlands

8.2.7. Rest of Europe

10.3 Asia-Pacific

8.3.1. China

8.3.2. Japan

8.3.3. India

8.3.4. South Korea

8.3.5. Taiwan

8.3.6. Rest of Asia-Pacific

10.4 Middle East & Africa

8.4.1. Saudi Arabia

8.4.2. UAE

8.4.3. Rest of Middle East & Africa

10.5 South America

8.5.1. Brazil

8.5.2. Argentina

8.5.3. Rest of South America

11 COMPETITIVE LANDSCAPE

11.1 Introduction

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.

12.9 Syncano

12.10 Other Key Companies

13 APPENDIX

13.1 Key Industry Expert Insights

13.2 Primary Discussion Guide

13.3 Customization Options

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