Selbyville, Delaware, June 16, 2021 (GLOBE NEWSWIRE) –
Global Market Insights Inc. recently added a new Serverless Architecture Market report that estimate market value for serverless architecture will exceed $ 30 billion by 2027. Advances in cloud computing technologies and enterprise-wide digitization, which are the main growth drivers of the industry.
The growth of the serverless architecture market is attributed to the development and testing of serverless architecture use cases such as media and log processing, IT automation, IoT backends, etc., in addition to the development and deployment of applications on the cloud infrastructure for increased agility. These initiatives by technology companies are driving adoption of serverless architecture across the industry.
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The monitoring segment is expected to grow at a CAGR greater than 25% from 2021 to 2027. It plays an important role in optimizing performance as well as real-time information on executions and functional activities. In addition, the growing demand for improved visibility of executions and events by cloud developers supports the demand for serverless architecture solutions. This creates more opportunities for companies to offer more personalized solutions and reduces security concerns.
The hybrid cloud segment is expected to hold a larger market share during the forecast period. The growth is attributed to improved scalability and flexibility to integrate public and private cloud environments to optimize operational performance. Hybrid models are increasingly emerging as a viable alternative to public and private cloud models due to their combined benefits of scalability and data security.
the serverless architecture market demand The large organizations segment is poised to experience a growth rate of over 20% CAGR from 2021 to 2027 due to the huge increase in infrastructure digitization activities in established companies. The emergence of a hybrid cloud, which offers enhanced data security with high scalability, is driving the growth of large enterprises. In addition, the adoption of cloud computing due to the heavy use of SaaS models, such as CRM and ERP solutions, further supports the growth of the market.
The media and entertainment segment is expected to grow exponentially through 2027 thanks to operational benefits including reduced backend errors, seamless content delivery and optimized service integrations offered by serverless infrastructure. In addition, several established companies have also developed a sophisticated serverless architecture platform to support the content delivery infrastructure and improve business efficiency.
APAC is expected to grow significantly in the serverless architecture market with a revenue share of around 20% by 2027. The growth is attributed to benefits such as lower maintenance costs and non-involvement physical infrastructure. In addition, the region has the fastest growing economies, such as China and India, and a growing demand for serverless architecture from several sectors, including retail, e-commerce, health and BFSI. These factors are expected to support the market growth during the forecast period.
Several companies in the region are focusing on innovative market launches. For example, in April 2020, Amazon Web Services released Fargate 1.4., An update to its serverless container platform. The new update supports shared elastic file system storage and removes the use of Docker Engine. This update enabled the company to strengthen its serverless architecture platform and gain a competitive position in the market. Likewise, in July 2020, Cloudflare, Inc. released Cloudflare Workers Unbound, a serverless platform for developers. The new solution enables developers to run complex IT workloads on the Cloudflare network. This release helped the company deliver the best user experience and strengthen its position in the market.
Some of the key findings of the Serverless Architecture Market report include:
- Advances in cloud computing technologies and enterprise-wide digitization are expected to support the growth of the market.
- APAC is expected to hold a significant market share due to reduced maintenance costs and the non-involvement of physical infrastructure.
- The major players operating in the serverless architecture market are Alibaba Group Holding Limited, Amazon Web Services, Google LLC, IBM Corporation, Joyent, Microsoft Corporation, Nasuni Corporation and NTT Data Corporation.
- Companies operating in the market focus on integrating new technologies and expanding their portfolio to meet various customer requirements.
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Partial chapters of the report table of contents (TOC):
Chapter 3 Industry Overview of Serverless Architecture
3.2 Industry segmentation
3.3 Impact of the COVID-19 epidemic
3.3.1 Global Outlook
3.3.2 By region
126.96.36.199 North America
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
3.3.3 Industry value chain
220.127.116.11 Vendors of serverless architecture technologies
18.104.22.168 Marketing and distribution channels
3.3.4 Competitive landscape
22.214.171.124 Distribution network
126.96.36.199 Business growth
3.4 Evolution of the serverless architecture
3.5 Architecture of Serverless Architecture Industry
3.6 Ecosystem Analysis of Serverless Architecture Industry
3.6.1 Vendors of serverless architecture technologies
3.6.2 Equipment manufacturers
3.6.3 System integrators
3.6.4 Data center operators
3.6.5 End users
3.6.6 Profit Margin Analysis
3.6.7 Supplier matrix
3.7 Patent analysis
3.8 Investment portfolio
3.9 Technology and innovation landscape
3.9.1 Serverless at the edge
3.9.2 Function as a service (FaaS)
3.9.3 Serverless Security
3.9.4 Serverless DevOps
3.10 Regulatory landscape
188.8.131.52 ISO / IEC 270001
3.10.2 North America
184.108.40.206 NIST Special Publication 800-144 – Guidelines for Security and Privacy in Public Cloud Computing (United States)
220.127.116.11 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (United States)
18.104.22.168 Personal Information Protection and Electronic Documents Act [(PIPEDA) Canada]
22.214.171.124 General Data Protection Regulation (EU)
126.96.36.199 German Privacy Act (Bundesdatenschutzgesetz- BDSG)
188.8.131.52 Information Security Technology – Personal Information Security Specification GB / T 35273-2017 (China)
184.108.40.206 Secure India National Digital Communications Policy 2018 – Project (India)
3.10.5 Latin America
220.127.116.11 National Directorate of Personal Data Protection (Argentina)
18.104.22.168 Brazilian General Data Protection Law (LGPD)
22.214.171.124 Law No. 13 of 2016 on the Protection of Personal Data (Qatar)
126.96.36.199 Cyber Security Framework, Saudi Monetary Authority (SAMA)
3.11 Industry impact forces
3.11.1 Growth drivers
188.8.131.52 Growing need for serverless computing for DevOps practices
184.108.40.206 Growing Need to Remove Complexities in Server Provisioning
220.127.116.11 Rapid Advances in Cloud Computing Technologies
18.104.22.168 IoT and BYOD penetration
22.214.171.124 The growing affinity of companies towards microservices
3.11.2 Pitfalls and challenges of the industry
126.96.36.199 Critical Security Risks Associated with Serverless Architecture
188.8.131.52 Lack of expertise and limited skills in the serverless architecture industry
3.12 Analysis of growth potential
3.13 Porter’s analysis
3.14 PESTEL analysis
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.