Function As A Service Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2023

The global function as a service (FaaS) market has been witnessing a huge growth over the last few years. The factors responsible for the growing adoption of FaaS include agility and scalability features and growing demand for serverless architecture.

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The FaaS platform provides organizations with auto-scalable architecture and helps in reducing costs as the resources are adjusted according to the requirement of an application. It also eliminates the need to manage servers on cloud and replace them with pervasive use of functional computing resources. Therefore, the cost efficiency of the FaaS architecture is driving the growth of function as a service market. However, complex architecture and security concerns are restraining the market for function as a service on a global scale.

The global function as a service market is expected to reach approximately USD 11,932.95 million by 2023, growing at a CAGR of 34.32% from 2017 to 2023.

The key players of function as a service market include IBM Corporation (US), Google Inc. (US), Microsoft Corporation (US), Amazon Web Services (US), SAP SE (Germany), Dynatrace LLC (US), Infosys Ltd. (India), Rogue Wave Software Inc. (US), TIBCO Software Inc. (US) and Fiorano Software & Affiliates (US).

The market has been divided into various segments based on user type, deployment type, service, application, vertical, and region.

By user type, the market is segmented into developer-centric and operator-centric. The approach of function as a service platform is designed according to the user type so that the entire code can be executed as a single function. Function as a service is a developer-centric architecture that lets the cloud functions to build and deploy services at the level of a single function. It also provides a connective layer of logic that enables the developers to write code to connect and extend cloud services. Operator-centric approach features a specialized operator that processes data as would any other relational operator. In operator-based function as a service, the operator decides the need to increase or decrease the container count..

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Global Function as a service Market Analysis & Forecast, from 2017 to 2023
• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the function as a service market
• To provide insights into factors affecting the market growth
• To analyze the function as a service market based on Porter's five force analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries— North America, Europe, Asia-Pacific, and the rest of the world
• To provide country-level analysis of the market with respect to the current market size and future perspective
• To provide country-level analysis of the market for a segment on the basis of user type, deployment type, services, application, verticals, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the function as a service market.

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