Press release
Function as a Service Market 2017- Sales Revenue, Grow Pricing and Industry Growth Analysis with Focus on 30% of CAGR by Forecast 2023
Market Scenario
Function as a service provides a platform allowing customers to develop, run, and manage application functionalities without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app. It is a category of cloud computing services that offers server less architecture.
Major forces driving the growth of function as a service market are maturity of hosted services and a gradual shift to server less architecture. Other factors responsible for driving the growth of function as a service market are agility and scalability.
The Function as a Service Market has been segmented on the basis of user type, service type, application, deployment and vertical. The application segment is further bifurcated into web based and mobile application and research and academic application. Out of which, the web based and mobile applications segment is expected to hold the largest market share while the research and academic applications segment is expected to grow at the highest CAGR during the forecast period. This is owing to the easy deployment solutions and hence offers performance optimization.
The global Function as a Service Market is expected to grow at approx. USD 12 Billion by 2023, at 30% of CAGR between 2017 and 2023.
Regional Analysis:
The regional analysis of function as a service market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in function as a service market in North America is attributed to the technical advancements and increasing investments in cloud based solutions in that region.
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Key Players
The prominent players in function as a service market are – IBM (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), SAP SE (Germany), Dynatrace LLC (U.S.), Infosys Ltd. (India), Rogue Wave Software Inc. (U.S.), TIBCO Software Inc. (U.S.), Fiorano Software & Affiliates (U.S.), among others.
Segments:
Function as a service market can be segmented on the basis of following:
By User Type
• Operator Centric
• Developer Centric
By Service Type
• Automation & Integration
• Microservice Monitoring & Management Services
• API Management Services
• Support & Maintenance Services
• Training & Consulting
• Others
By Application
• Web Based & Mobile Application
• Research & Academic Application
• Others
By Deployment
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Vertical
• BFSI
• Manufacturing
• Healthcare
• Retail
• Media
• IT & Telecommunication
• Government
• Others
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Intended Audience
• Technology investors
• Research/Consultancy firms
• Software providers
• Cloud Service providers
• Professional Service providers
• Solution providers
• Integration service providers
• Application development platform providers
• Managed Service Providers (MSPs)
• System integrators
TABLE OF CONTENTS
• MARKET INTRODUCTION
• RESEARCH METHODOLOGY
• MARKET DYNAMICS
• EXECUTIVE SUMMARY
• MARKET FACTOR ANALYSIS
• FUNCTION AS A SERVICE MARKET, BY SEGMENTS
• COMPETITIVE ANALYSIS
• MARKET SHARE ANALYSIS
• COMPANY PROFILES
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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