Serverless Architecture Market Overview

Serverless architecture refers to a way of designing and running applications or services using cloud computing services without having to manage the underlying infrastructure. The cloud provider takes care of the servers and resources on behalf of the customers. This means that developers do not need to worry about capacity planning, configuration, management, maintenance, fault tolerance, or scaling of containers, virtual machines, or physical servers. Instead, they write their application code as a series of discrete functions, which are executed on a serverless platform or a compute runtime, also known as Function as a Service (FaaS). Serverless computing allows developers to deploy code into production easily and can be used in conjunction with traditional application styles or purely serverless applications. Pricing is based on the actual amount of resources consumed by an application, making it a form of utility computing.

The serverless architecture market is anticipated to grow rapidly at a high CAGR during the forecast period. The global serverless architecture market is driven by adoption of cloud computing across different industries. These factors have helped shape the serverless architecture market and are expected to boost the growth. Companies in the serverless architecture market could also face challenges such as complex deployment and high maintenance cost. The details covered in the serverless architecture market report cover all the aspects of the industry. Analysts studying the serverless architecture market have also shared growth projections in the report and have suggested serverless architecture market players to plan business strategies accordingly.

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Market Segmentation

The global serverless architecture market has been segmented based on services, enterprise size, and industry vertical. On the basis of services, the market for serverless architecture is segmented based on analytics, API management, automation & integration, security, support & maintenance, training & consulting, monitoring, and others. Additionally, the market on the basis of enterprise size, is segmented into small & medium enterprises and large enterprises. The global market for serverless architecture is also covered based on industry vertical segment which is further split into energy & utility, healthcare, IT and telecommunication, manufacturing, retail & consumer goods, BFSI, and other.

Factors like high scalability provided by serverless architecture as well as other benefits such as easy deployment of software and online application support the serverless architecture market growth. The performance of the serverless architecture market has also been studied for the past and current years. Additionally, the serverless architecture market report provides analysis of these segments. The serverless architecture market segmental analysis provided in the report offers major details about the serverless architecture market based on the data and forecasts till 2023.

Regional Overview

Companies in the serverless architecture market are spread across the world. The serverless architecture market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American serverless architecture market has many companies across the United States, Canada, and Mexico. The serverless architecture market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the serverless architecture market can be found in the market research report. Europe has companies in the serverless architecture market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the serverless architecture market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

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Competitive Landscape

Rackspace Inc., TIBCO Software Inc., Dell Boomi Inc., Amazon Web Services Inc., CA Technologies, Alibaba Cloud, Joyent Inc., Google LLC, Manjrasoft Pty Ltd., Oracle Corporation, Microsoft Corporation, Twistlock, IBM Corporation, Platform9 Systems Inc., Fiorano Software Inc., and others are the prominent players operating in the global serverless architecture market.

Industry News

Prime Technology Group and Synerzip, a leading Agile digital product creation company for advanced technology businesses, recently confirmed that they have partnered. At the core of each organization are teams of US and India-based IT specialists, industry and subject matter experts and tech architects who plan, create, execute and endorse digital transformation and product growth strategies for their clients. The combination of Synerzip and Prime more than doubles the merged staff and broadens its global presence, increasing the range of experience and fields of expertise open to clients.

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