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Serverless Architecture Market 2025 - Technological Advancements to Propel Industry Growth

01-13-2020 08:11 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Serverless Architecture Market

Serverless Architecture Market

Advancement in cloud technology is enabling organizations to install the software, increasing the serverless architecture market demand. The platform provides enterprise-level security, automatic scaling, and ease in handling of data, making it easy to draw resources from different physical hubs. Moreover, the platform allows companies to have large space and ease in the expansion of space whenever necessary. Enterprises are focusing on internal expansion for managing high data traffic on their IT infrastructure. Companies are shifting their data from traditional systems to cloud technology.

Latency, loss of control, loss of performance, and security issues are hindering the serverless architecture market growth. Serverless technology inherently involves giving up full control of data to the cloud technology, which is connected digitally and is easy to hack as cyber-attack is leading to the loss of important data.

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In the manufacturing sector, the use of cloud technology is anticipated to increase in the coming years, driving the serverless architecture market demand. Several companies in this sector are looking to enhance their production and efficiency by using advanced solutions. With the use of intelligent cloud-based systems, manufacturers are able to achieve speed, scale, and accuracy in their operations. Moreover, this architecture will help in the supply chain management, helping to predict the inventory usage & replenishment based on previous user demand and can be achieved using cloud-based architecture. The software can handle tracking and traceability, saving the manufacturer’s time & effort by checking the quality of products. Several companies are implementing the architecture, thereby reforming the manufacturing sector. Such factors will boost the serverless architecture market over the coming years.

Increase in the demand for IoT technology in several sectors has reduced human effort. Usability of serverless architecture with IoT system will improve the products in several ways, such as setting up a managing infrastructure in the cloud, to perform various functions including the processing of data generated from a network of devices in real-time, and analyzing the data to gain insights, thereby boosting the serverless architecture market. As IoT devices generate & store large data, the need for flexible space is necessary to overcome the problems caused due to the lack of space. With cloud hosting, the cost for handling the server for any IoT-based device can be reduced, increasing the efficiency for various start-up companies. For instance, Canary, a home security system provider, makes use of cloud technology to help users store data on a serverless platform. With the use of this technology in various IoT devices, the demand for market will rise.

The key players operating in the serverless architecture market are Google LLC, Amazon Web Services (AWS), Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, CA Technologies, Inc., Rackspace, Inc., Alibaba Group Holding Limited, Nasuni Corporation, TIBCO Software Inc., Platform9 Systems, Inc., Syncano , Inc., NTT Data Corporation, Joyent, Iron.io, StdLib, Realm, Galactic Fog, and ModuBiz. These companies are trying to incorporate several changes in the usage of serverless architecture in various sectors.

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The serverless architecture market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025 for the following segments:

Serverless Architecture Market, By Model
o Private cloud
o Public cloud
o Hybrid cloud
By Organization Size
o SMEs
o Large enterprises
By Type
o API management
o Automation & integration
o Monitoring
o Security
o Support & maintenance
o Training & consulting
o Others
By Model
o BFSI
o Colocation
o Energy
o Government
o Healthcare
o Manufacturing
o IT & telecom
o Others
The above information has been provided for the following regions and countries:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Get this report Customized to your requirements @ https://www.gminsights.com/roc/3796

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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