Press release
Serverless Architecture Market Size 2022 Analysis by Top Manufacturer, Growth Rate (18.20%) and Comprehensive Forecast to 2027
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What is the projected market size & growth rate of the Serverless Architecture Market?
The global serverless architecture market reached a value of US$ 9.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 25.65 Billion by 2027, exhibiting a growth rate (CAGR) of 18.20% during 2022-2027.
What is Serverless Architecture?
Serverless architecture is a software design technique that allows developers to create and perform services without operating the underlying infrastructure. It involves various functions, such as monitoring, API management, security, analytics, automation and integration, etc. Serverless architecture also assists in writing and deploying codes, while a cloud provider conditions servers to execute the databases, applications, and storage systems. It minimizes the cost of DevOps and enables developers to design and enhance their apps without being limited by server capacity. As a result, serverless architecture finds widespread applications across several sectors, including healthcare, manufacturing, information technology (IT), telecommunications, media and entertainment, retail, e-commerce, etc.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major drivers for the serverless architecture market?
The escalating utilization of cloud-based applications for storing, accessing, and retrieving files from web-enabled interfaces is primarily driving the serverless architecture market. Besides this, the rising awareness towards the benefits of streamlining operations, such as improved productivity and communication, raised cost efficiency, better time management, and reduced risk, is further augmenting the market growth.
Moreover, the growing popularity of serverless architecture among various organizations to eliminate traditional and time-consuming approaches, including installing, configuring, purchasing new hardware components, and troubleshooting, is also catalyzing the global market. Apart from this, the development of innovative apps that provide information, services, and processes in real-time and the increasing digital-centric business models across countries are expected to bolster the serverless architecture market in the coming years.
Key Market Segmentation:
The report has segmented the market on the basis of region, service type, deployment model, organization size and industry vertical.
Breakup by Service Type:
• Automation and Integration
• Monitoring
• API Management
• Security
• Analytics
• Design and Consulting
• Others
Breakup by Deployment Model:
• Public Cloud
• Private Cloud
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Industry Vertical:
• BFSI
• IT and Telecom
• Healthcare
• Manufacturing
• Media and Entertainment
• Public Sector
• Retail and E-Commerce
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• Amazon Web Services Inc. (Amazon.com Inc.)
• Broadcom Inc.
• Cloudflare Inc.
• Google LLC (Alphabet Inc.)
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• Platform9 Systems Inc.
• Serverless Inc.
• Tibco Software Inc.
• Twilio Inc.
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Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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