Pune, India, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The growing need for serverless computing to reduce complexity and infrastructure costs is expected to drive the global market during the forecast period, states Fortune Business Insights, in a report, titled “Serverless Computing Market Size, Share & Industry Analysis, By Services (Monitoring Services, API Management Services, Integration Services, Security, Support and Maintenance, Others), By Deployment (Public Cloud, Private Cloud), By Enterprise Size (Large Enterprises, Small & Medium Enterprises (SMEs), Start-up Firms), By Industry (BFSI, It and Telecom, Retail, Healthcare)and Regional Forecast, 2020-2027.” The rising emphasis to reduce servers is expected to aid the expansion of the market.
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The Report Lists the Key Companies in the Serverless Computing Market:
- Microsoft Corporation
- Amazon Web Services, Inc.
- Google LLC.
- Firebase
- Alibaba Group
- IBM Corporation
- Oracle Corporation
- Platform9 Systems, Inc.
- and Rackspace Inc.
Market Driver:
Rising Popularity of Serverless Computing to Boost Market
The growing implementation of cloud-based microservice architecture is expected to aid the growth of the market during the forecast period. The shift from the server model to the on-premise serverless computing model is expected to promote the growth of the market. The growing knowledge about the benefits of serverless computing such as reduced setup and maintenance cost is likely to enable speedy expansion of the market. The rapid adoption of serverless computing for effective database management and server support is expected to further spur opportunities for the foreseeable future. The built-in scalability of Serverless Serverless Computing Market in computing is expected to incite its deployment, thus aiding the market. Technological advancements to reduce operational time in serverless computing are expected to foster the healthy growth of the market. Moreover, serverless computing has capabilities to eliminate infrastructure management tasks, reduce operating system maintenance costs, and encourage capacity provisioning and patching. Besides, the rising focus of companies towards serverless infrastructure is likely to offer lucrative opportunities for the market.
However, security-related issues associated with serverless computing are expected to dampen the growth of the market during the forecast period.
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The report on the Serverless computing market features:
- Outstanding insights into the market
- All-encompassing facts and figures
- Latest industry development
- Information about the prominent players
- Dominating regions in the market
Regional Analysis:
Rapid Technological Advancement to Favor Growth in North America
The Serverless Computing Market in North America is expected to grow exponentially owing to the rapid technological advancement in the region. The presence of a large server user base in industries such as IT & Telecom, BFSI, retail, healthcare, and, manufacturing is expected to support the growth of the market in the region. Europe is expected to hold a significant share owing to the growing adoption of cloud-based services in the U.K., Germany, France. The rising digitalization is expected to create opportunities for the market. The Asia Pacific is expected to witness a high growth rate owing to the emergence of many small, medium enterprises in the region. The Middle East and Africa are expected to hold a considerable share owing to the rising awareness about serverless computers.
Key Development:
April 2018: Google LLC introduced a new version of cloud function for Firebase SDK to enhance functions of debugging, implementation, and management in applications.
December 2017: Pivotal Software, Inc. unveiled a new serverless computing product, named Pivotal Function Service.
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Some of the Key Questions Answered in this Serverless Computing Market Report:
- What focused approach and constraints are holding the Serverless Computing Market demand?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What trends, challenges, and barriers will impact the development and sizing of the Global Serverless Computing Market?
- Detailed Overview of Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and the latest trends running in the market.
- Serverless Computing Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What is the Serverless Computing Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
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