Global Serverless Computing Market 2021 | By Top Leading Vendors like Alibaba Cloud, Amazon Web Services Inc., and More...
In serverless computing methodology, the management of the server is handled by the cloud provider and provides dynamic allocation of machine resources. Therefore, serverless architecture eliminates the requirement for server software and hardware management by the developer. In recent years, some major innovations in the IT industry enabled business agility and enhanced resilience. In such a scenario, serverless computing was introduced as an element for the deployment of cloud services and applications. For instance, the utilization of conventional cloud infrastructure to develop an application that checks credit score using mobile phones for mobile banking could take days and weeks for development and testing of the application. With the utilization of serverless computing such as AWS Lambda, similar applications can be developed in hours.
The Major Players Covered in this Report:
Alibaba Cloud, Amazon Web Services Inc., CA Technologies, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Dynatrace, Fiorano Software Inc, Joyent Inc, ModuBiz Ltd, NTT Data Corporation, Rackspace Inc, TIBCO Software Inc, Twistlock Inc.
In 2020, the global Serverless Computing market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.
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By Service , Automation and integration , Application programming interface management , Monitoring , Security , Support and Maintenance , Training and Consulting
By Enterprise, Small and Medium Enterprise, Large enterprises
By End-User, Telecom and IT, BFSI (Banking, Financial Services, and Insurance), Government and Public, Health Care and Life Science, Media And Entertainment, Manufacturing, Retail and E-Commerce, Others, ,
Benefits Offered by Serverless Architecture Gain Traction for the Market
Owing to the reduced operational cost and increased process agility provided by the technology, the serverless computing market is anticipated to grow at a CAGR of 26% during the forecast period 2020–2029. Companies are pressurized to release innovative products and features that meet the growing consumer expectations due to the rapid evolution of Artificial Intelligence, the Internet of Things, and machine learning. The serverless architecture provides benefits such as easier operational management, faster set up, and zero system administration. The adoption of serverless computing technology by business organizations eliminates expensive conventional and time-consuming approaches, including the purchase of new hardware components, their installation, configuration, and troubleshooting.
Regional Analysis For Serverless Computing Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In this study, the years considered to estimate the market size of the Serverless Computing are as follows:
History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026
The study objectives of this report are:
To study and forecast the market size of the Serverless Computing in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players
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