Serverless Architecture Market Global Industry Analysis and Forecast 2023 - 2031

One of the key findings of the report is that governmental organizations across the globe are increasing their maintenance budgets for system infrastructure while also funding initiatives for project development, modernization, and enhancement. These investments have been successful, and as a result, ICT vendors are now annually setting aside funding for the growth of the online market.

According to the report, global ICT exports are expected to increase by an average of 3.9% per year, from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. This growth is being driven by the increasing demand for digital technologies and online services, which have become essential for both individuals and businesses.

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In terms of global ICT exports in 2021, Ireland emerged as the top-ranked country with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. Since 2009, global ICT exports have increased by 9.5% annually.

The report highlights the significant advantages and benefits of serverless architecture. It enables organizations to focus on their core competencies while relying on third-party services to handle server management, scaling, and availability. This results in increased agility, reduced operational costs, and improved time-to-market for businesses.

Furthermore, the report suggests that the adoption of serverless architecture is expected to grow rapidly in the coming years, driven by the increasing demand for digital services and the need for cost-effective and scalable solutions. The market for serverless architecture is expected to reach US$ 21.1 billion by 2026, growing at a CAGR of 26.5% from 2021 to 2026.

The growth of the market is driven by growing shifting from CAPEX to OPEX by removing the need to manage servers and reducing the infrastructure cost.

Major market player included in this report 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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Service Type
Automation and Integration
Monitoring
API Management
Security
Analytics
Design and Consulting
Others

By Deployment Model
Public Cloud
Private Cloud
By Organization Size
Small And Medium-Sized Enterprises
Large Enterprises

By End-User Industry
BFSI
Telecommunication & IT
Retail & E-commerce
Healthcare and Lifesciences
Government and Public Sector
Manufacturing
Others

By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

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Furthermore, years considered for the study are as follows:

Historical year 2017, 2019
Base year 2021
Forecast period 2022 to 2030.

Target Audience of the Global Serverless Architecture Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

The recent research report published by Report Ocean gives an insight into the Serverless Architecture Market. According to this published competitive intelligence analysis, the global market is expected to experience a promising annual revenue increase (USD in Mn) in 2021. A comprehensive overview and precise insights into possible future scenarios for the worldwide market are provided in this study.

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

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This release was published on openPR.