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Function As A Service Market 2023 - Industry Insights, New Trends, Growth, And Forecast to 2032
Function-as-a-Service Market
Function-As-A-Service Market Size, Growth Rate, And Forecast
The global function-as-a-service market size grew from $8.36 billion in 2022 to $10.12 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The function-as-a-service market size is expected to grow to $22.08 billion in 2027 at a CAGR of 21.5%..
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Function-As-A-Service Market Drivers
The increase in app development activities is expected to drive the growth of the function-as-a-service (FaaS) market. As the need for apps grows, so does the demand for app development platforms such as paid cloud/function-as-a-service. This serverless backend process creates a computer program or a set of programs to perform the client's allotted activities. This growing app demand has resulted in increasing the use of FaaS services.
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Function-As-A-Service Market Segments
• By Service: Tablets, Smartphones, Gaming Consoles, Laptops/PCs
• By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
• By Enterprise: Small And Medium Enterprises, Large Enterprises
• By End-User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunication, Retail, Healthcare And Life Sciences, Other End-Users (Media And Entertainment, Government, Educational Institutions)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the function-as-a-service market.
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Function-As-A-Service Market Key Players
Major competitors in the function-as-a-service market include Google Inc., Oracle Corporation, Microsoft Corporation, Amazon Web Services, SAP SE, TIBCO Software Inc., International Business Machines Corporation, Perforce Software Inc., Manjrasoft Pty Ltd., SixSqSàrl, VMware Inc., Red Hat, Cloudfare, and Alibaba, Netlify.
The Business Research Company's "Global Function-As-A-Service Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Function-As-A-Service Market Include:
1. Executive Summary
2. Function-As-A-Service Market Characteristics
3. Function-As-A-Service Market Trends And Strategies
4. Function-As-A-Service Market - Macro Economic Scenario
5. Function-As-A-Service Market Size And Growth
……
26. Africa Function-As-A-Service Market
27. Function-As-A-Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Function-As-A-Service Market
29. Function-As-A-Service Market Future Outlook And Potential Analysis
30. Appendix
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