According to Market Study Report, Serverless Architecture Market provides a comprehensive analysis of the Serverless Architecture Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry.This report also provides market landscape, technological trends and market share information in the Serverless Architecture Market.
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The Global Serverless Architecture Market size is projected to grow from USD 7.6 Billion in 2020 to USD 21.1 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. This report spread across 170 pages, profiling 10 companies and supported with 109 tables and 42 figures are now available in this research.
Top Companies Profiled in the Serverless Architecture Market:
• Amazon (US)
• Google (US)
• Microsoft (US)
• IBM (US)
• Oracle (US)
• Alibaba (China)
• Cloudflare (US)
• NTT DATA (Japan)
• Rackspace (US)
• TIBCO Software (US)
• Stackpath (US)
• Auth0 (US)
• EnterpriseWeb (US)
• Kong (US)
• Serverless (US)
• Snyk (UK)
• OpenLegacy (US)
• Innominds (US)
• Stackery (US)
• Twistlock (US)
“Monitoring services segment to grow at the highest CAGR during the forecast period.”
Monitoring is a crucial factor in maintaining stability and protection of operation. A successful tracking program alerts customers of failures until they impact clients, helping easily correct them and retain a high degree of service for the consumers of the application. In a serverless context, monitoring becomes significantly more challenging due to the disparate nature of a serverless application.
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“Banking, financial services and insurance verticalto account for the largest market size in 2020”
Banking, Financial Services and Insurance (BFSI) is one of the major verticals that have leveraged the benefits of serverless architecture. The vertical collectively includes organizations that are into banking services, such as core banking, corporate, retail, investment, private, and cards; financial services, such as payment gateways, stock broking, and mutual funds; and insurance services covering both life and general insurance policies.
“Small and medium-sized enterprises segment to record a higher growth rate during the forecast period”
The adoption of serverless architecture among SMEs is estimated to grow at a higher CAGR during the forecast period. SMEs face the greater challenge of limited budgets as compared to large enterprises, and require better methods to resolve complexities and optimize the cost of their business processes.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 10%, Tier 2 – 25%, and Tier 3 – 65%
• By Designation: C-level Executives – 25%, Directors Level – 50%,Others-25%
• By Region: North America – 40%,Europe– 30%, APAC– 20%,RoW– 10%.
Competitive Landscape of Serverless Architecture Market:
1 Competitive Leader Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
Reason to access this report:
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall serverless architecture market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.
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