Press release
Function as a Service Market to Reach USD 12 Billion at a CAGR of 34.32% by 2023
The global function as a service market is growing due to business agility and scalability provisioned by function as service platforms, growing demand for serverless architecture, and the cost effectiveness of the function as a service architecture. However, architectural complexity and security concerns. The function as a service platform provides organizations with auto-scalable architecture which adds resources to handle extra activity when the load is more and reduces the resources when the load is reduced. The auto-scalar performs these activities automatically based on the scaling rules defined by the users.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 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%.
Request for Sample PDF of this report at https://www.inforgrowth.com/samplerequest/r/90719/global-function-as-a-service-market-trends-for
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.
The following are the Key Players:
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).
Find more information on this report at https://www.inforgrowth.com/r/90719/global-function-as-a-service-market-trends-for
Target Audience: 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
Major Table of Contents include:
1. Executive Summary
2. Market Dynamics
3. Global Function as a Service Market, By User Type
4. Global Function as a Service Market, By Deployment
5. Global Function as a Service Market, By Services
6. Global Function as a Service Market, By Application
7. Global Function as a Service Market, by Verticals
8. Global Function as a Service Market, By Region
9. Competitive Landscape
10. Appendix
11. Research Methodologies
Enquire more about this report at https://www.inforgrowth.com/enquiry/r/90719/global-function-as-a-service-market-trends-for
About InForGrowth:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.
For all your Research needs, reach out to us at:
Address: 6400 Village Pkwy suite # 104, Dublin, CA 94568, USA
Email: info@inforgrowth.com
Phone: +1-909-329-2808 / +44-203-743-1890
This release was published on openPR.
Permanent link to this press release:
Copy
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 Function as a Service Market to Reach USD 12 Billion at a CAGR of 34.32% by 2023 here
News-ID: 1334822 • Views: …
More Releases from InForGrowth
Messaging Platform Market Future Trend, Methodology, Data Source, Analysis And F …
The global Messaging Platform Market report provides an estimated market growth of Oil Water Separator industry. An inclusive analysis of the global Messaging Platform Market report incorporates different market dynamics such as market drivers, restraints, and opportunities in front of the industry. Additionally, the research report contains potential opportunities in the Messaging Platform Market at the domestic and global levels.
The Global Messaging Platform market was valued at US$ 2,123…
Automotive Smart Antenna Market Overview, Industry Top Manufactures, Market Size …
The global automotive smart antenna market was valued at US$ 2,421.2 Mn in 2018 and is expected to reach US$ 6,945.4 Mn by 2026, expanding at a CAGR of 14.3% during the forecast period. A smart antenna is a digital wireless communication system that has signal processing capability that can detect the direction of arrival of the signal. Automotive Smart Antennas in-vehicle helps in establishing better communication signals and…
Hot melt Adhesive Market 2026: Popular Trends, Growth, Rising Demand & Progressi …
Hot melt Adhesive market report provides a comprehensive analysis of the business models,key market dynamics, which includes the drivers, restraints, trends, and opportunities, key strategies, and respective market shares of some of the major key players in Hot melt Adhesive landscape. Along with an in-depth interpretation on the key influencing factors, market information in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full report.…
Erectile Dysfunction Shockwave Generators Market Future Trend, Methodology, Data …
The global Erectile Dysfunction Shockwave Generators Market report provides an estimated market growth of Oil Water Separator industry. An inclusive analysis of the global Erectile Dysfunction Shockwave Generators Market report incorporates different market dynamics such as market drivers, restraints, and opportunities in front of the industry. Additionally, the research report contains potential opportunities in the Erectile Dysfunction Shockwave Generators Market at the domestic and global levels.
The competitive profiling of…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…