San Francisco, 26
February, Serverless Architecture Market Size, Share
& Trends Analysis Report By Organization (SME, Large Enterprises), By
Vertical, By Service (Automation & Integration), And Segment Forecasts 2018
– 2025.
The global serverless architecture market size is expected to reach USD 19.84 billion
by 2025 at a 26.0% CAGR during the forecast period, according to a new study by
Grand View Research, Inc. Growing demand for economizing operations and
increasing profitability has been driving the market. Emergence of cloud
technology, coupled with advancements in serverless computing, has further
strengthened the market. As the business model of serverless operations is
execution based, enterprises can eliminate the cost of provisioning and
maintaining the server round the clock. Charges are billed on number of
executions, which in turn, reduces cost.
Application development
processes are a major beneficiary of a serverless architecture. DevOps and
agile development culture within an organization are driving enterprises to
change the way they develop business applications fundamentally. Monolithic
applications are paving the way for application programming interface (API),
micro-services, and function-based execution units, resulting in a paradigm
shift of organizational mindset. These trends have changed the way enterprises
approach IT infrastructure. In such an environment, serverless architecture
enables organizations to streamline their operations, hire optimal resources,
and allow developers to focus on core product development.
Cloud service providers (CSP)
manage serverless architecture, enabling the platform to provide automatic
scaling, enterprise-level global security, and promote continuous building,
integration, and development efforts. Such factors positively impact an enterprise’s
time-to-market, market share, and sustainability.
From a business perspective,
serverless architecture eliminates the cost of hiring back-end infrastructure
engineers, provides process agility, and reduces overall operational cost by a
significant amount. From a developer perspective, it offers reduced liability
and zero system administration as well as fosters adoption of microservices and
nano-services.
However, there are several
risks involved in deploying serverless architecture. As CSPs control the
underlying infrastructure, users cannot customize/optimize the infrastructure
to suit specific needs of an enterprise and developer. Moreover, as the
organization has no control over the infrastructure, adding multiple customers
on the same platform may raise security concerns. Furthermore, as a consumer,
there is no authorization to do penetration tests and vulnerability scanning on
infrastructure underlying the serverless offerings. Thus, increasing need for
compliance concerns adopters and thereby acts as a restraint to market growth.
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Report On Serverless Architecture Market Analysis:
Further key findings from the study suggest that:
·
By service, the monitoring
segment is anticipated to register the highest CAGR of 28.8% over the forecast
period. The automation & integration service segment, on the other hand,
holds the dominant share and was valued at USD 830.6million in 2017
·
Based on organization, the
large enterprises segment is expected to retain its dominance in the market,
valuing an estimated USD 13.80 billion by 2025. The SME segment is anticipated
to register the highest CAGR of 28.6% over the forecast period
·
By way of vertical, media &
entertainment is expected to register the highest CAGR of 30.3% over the
forecast period
·
North America was valued at USD
1.32 billion in 2017 and is expected to hold a dominant revenue share in the
market by 2025. Asia Pacific is anticipated to witness the highest CAGR of
29.7% over the forecast period
·
Key players in the market
include Amazon Web Services Inc.; Google LLC; Microsoft Corporation; and Oracle
Corporation.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global serverless architecture market on the basis of service, organization,
vertical, and region:
Serverless Architecture
Services Outlook (Revenue, USD Million, 2015 - 2025)
·
Automation and Integration
·
API Management
·
Monitoring
·
Security
·
Support and Maintenance
·
Training and Consulting
·
Others
Serverless Architecture
Organization Outlook (Revenue, USD Million, 2015 - 2025)
·
Large Enterprise
·
SME
Serverless Architecture
Vertical Outlook (Revenue, USD Million, 2015 - 2025)
·
BFSI
·
Government & Public
·
Healthcare & Life Sciences
·
Manufacturing
·
Media & Entertainment
·
Retail & E-commerce
·
Telecom & IT
·
Others
Serverless Architecture
Regional Outlook (Revenue, USD Million, 2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
MEA
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-serverless-architecture-market
https://www.grandviewresearch.com/press-release/global-serverless-architecture-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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