Global Function As a Service Market is expected to reach approximately USD 11,932.95 million by 2023 at a CAGR of 34.32% from 2018 to 2023
The global function as a service market is expected to reach approximately USD 11,932.95 million by 2023 at a CAGR of 34.32% from 2018 to 2023.
The market has been segmented based on user-type, deployment, services, application, verticals and region.
Request Sample Report: http://reportbazzar.com/request-sample/RBPR22102018113241116
By user-type, the market has been divided into developer-centric user and operator centric user. The developer centric user type is expected to dominate the global function as a service market. It is expected to generate high market value since the developer centric architecture of function as a service lets the cloud functions to build and deploy services at single level function. The operator centric user type is expected to be the fastest growing with the highest CAGR during the forecast period due to the ability of operator centric user type to easily manage, deploy and run applications.
By deployment, the market is sub-segmented into private, public and hybrid cloud. The public cloud is expected to generate the highest market share due to its faster deployment and easy access and it also offers the server computing models such as Microsoft Azure functions and Google Cloud function. The private cloud is expected to be the fastest growing during the forecast period since it can be owned, managed and operated by organizations and can support the multiple consumers due to which it can be adopted by many companies such as Uber. The hybrid cloud is expected to be the second fastest growing deployment type during the forecast period due to composition of public and private cloud features which enables the application and data portability.
By services, the market is sub-segmented into automation & integration, microservice monitoring and management, API management, support & maintenance, training & consulting and others. Among these, the automation & integration service is expected to generate the highest market value during the forecast period. The automation & integration provides services and systems that create seamless integration between out of the box software, internally developed programs and other campus computing systems which due to which it is fueling the market growth. The microservice monitoring & management is expected to be the fastest growing market as these services enables to overcome the limitations and challenges of agility and scalability.
For More Info: http://reportbazzar.com/reports/RBPR22102018113241116/global-function-as-a-service-market-trends-forecast-2017-2023
By application, the market is sub-segmented into research & academic, web & mobile based and others. Among these, the web & mobile based application is expected to contribute to the largest market share and the fastest growing market since the function as a service (FaaS) is easier to deploy and optimize in web and mobile based applications.
By verticals, the market is sub-segmented into manufacturing, banking, financial services and insurance (BFSI), retail, IT & telecommunication, government, medical and others. Among these, the manufacturing vertical is expected to be the highest revenue generating and fastest growing vertical in the forecast period since the function as a service helps manufacturing in reducing operational expense and capital expenditure which is fueling the growth of these services in manufacturing vertical.
The key players in the global function as a service market are 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), Fiorano Software & Affiliates (US).
Sample Pages: http://reportbazzar.com/request-sample/RBPR22102018113241116
Global Function as a Service Market Analysis and Forecast, 2017–2023
• 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 market growth
• To analyze the function as a service market based on Porter's Five Forces analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main regions 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 product, and end user.
• To provide strategic profiling of the 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 & acquisitions, new product developments, and research and development in the function as a service market
• Electronic component manufacturers
• Research organizations
• Original equipment manufacturers
• System Integrators
• network equipment vendors
• chipset vendors
• software/application providers
• user equipment manufacturers
• network infrastructure integrators
• Government Organizations
• Research/Consultancy firms
• The global function as a service market is expected to reach USD 11,932.95 million by 2023.
• The developer centric user type segment led the market in 2017 with a value of USD 1,190.06 million; it is expected to register a CAGR of 33.3% during the forecast period. The operator centric segment is projected to register the highest CAGR of 36.9%
• By development type, public cloud is expected to dominate the market and is expected to grow with 33.1% CAGR. Whereas, private and hybrid cloud is expected to grow with 36.4% and 35% CAGR respectively.
• The automation & integration service is expected to generate the USD 538.9 million in 2017 and is projected to grow with 36.5% CAGR. Whereas, microservice monitoring services is expected to be the fastest growing service with 39.2% CAGR.
• Web & mobile based application is expected to generate USD 753.3 million in 2016 and is projected to grow with the fastest growing CAGR of 36.8%. Research and academic application are expected to grow with 32.9% CAGR.
• Manufacturing and BFSI sector are leading the market and is projected to grow with 37.1% and 36.4% CAGR respectively. Whereas, IT & Telecommunication vertical is expected to be the fastest growing vertical with 36% CAGR in the forecast period 2017-2023.
• The market in Asia-Pacific is projected to be the largest during the assessment period, followed by Europe.
Enquiry for Discount: http://reportbazzar.com/discount-form/RBPR22102018113241116
Regional and Country-Level Analysis of the Function as a Service Market, Estimation and Forecast
Asia-Pacific is expected to be the largest and fastest-growing function as a service market at the highest CAGR of 37.70% during the forecast period. This growth can be attributed to improving network infrastructure and increasing adoption of cloud computing services. China is a prominent market owing to increasing cloud computing industry and government initiatives to enhance netwirk security by improving security regulations and relevent laws. The Europe is the second-largest market for function as a service market due to the growing adoption of cloud services by government & industries.
The report on the global function as a service market also covers the following country-level analysis:
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
Reportbazzar.com is your trusted source for the most inclusive and informative assortment of market research reports designed to empower you with the latest in industry information that translates to time and cost savings for your business.We not only help you give wing to your latent business ideas but also facilitate you in taking the best informed and strategic decisions that guarantee success in your most promising business endeavors.
30 Wall Street, 8th floor,
New York, NY 10005.
US: +1 (212) 389-6363
Web - http://www.reportbazzar.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Function As a Service Market is expected to reach approximately USD 11,932.95 million by 2023 at a CAGR of 34.32% from 2018 to 2023 here
News-ID: 1323307 • Views: 760
More Releases from ReportBazzar
Global Plasma Protein Therapeutic Industry Market Analysis & Forecast 2018-2023
Global Plasma Protein Therapeutic Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX%
Developments and Opportunities for Facial Recognition Technology in the Smart Re …
Facial recognition technology has been commercialized since the late 1990s. However, it did not quite get the attention it deserved until the September 11 attacks. Since then, market demand for advanced human-machine interaction interfaces soared in national security and personal property security in light of the rising awareness on anti-terrorism, the change in economic activities from traditional offline transactions to e-commerce and the lifestyle evolution which now craves for smart
Floating Solar Panels Market Research Report – Forecast to 2023
Global floating solar panels market is set to foresee significant growth in the upcoming years. Floating solar panels is a sophisticated technology developed for overcoming issues associated with conventional panels, such as high maintenance cost, land scarcity, etc. These panels are poised to gain traction over the next couple of years owing to its mobility and flexibility according to the sun’s position. The rapid exhaustion of fossil fuel has intensified the
Healthcare cold chain logistics Market Research Report – Forecast to 2023
The healthcare cold chain logistics market is one with a lot of promise largely due to the rapid growth of the healthcare and pharmaceutical sectors. With healthcare becoming a global focus, and intensive research & development activities being carried out by leading market players has significantly increased the demand for biopharmaceuticals and vaccines. These products traditionally, and presently require storage to ensure appropriate shelf life. Personalized medicine is an up
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and