San Francisco, 13 December 2018 ,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.
Access Full
Research Report On Serverless
Architecture Market Analysis:
www.grandviewresearch.com/industry-analysis/serverless-architecture-market
www.grandviewresearch.com/industry-analysis/serverless-architecture-market
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: 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
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-serverless-architecture-market
www.grandviewresearch.com/press-release/global-serverless-architecture-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
