According to a research report “Serverless Architecture Market by Service Type (Automation and Integration, Monitoring, API Management, Security, Analytics, and Design and Consulting), Deployment Model, Organization Size, Vertical, and Region — Global Forecast to 2025” published by MarketsandMarkets, the global serverless architecture market size is projected to grow from USD 7.6 billion in 2020 to USD 21.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The major factors driving the growth of the serverless architecture market include the rising need of shifting from CAPEX to OPEX by removing the need to manage servers, thereby reducing the infrastructure cost.
Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=64917099
Major serverless architecture vendors include Amazon (US), Google (US), Microsoft (US), IBM (US), Oracle (US), Alibaba (China), Cloudflare (US), NTT DATA (Japan), Rackspace (US), TIBCO Software (US), Stackpath (US), AUTH0 (US), EnterpriseWeb (US), Kong (US), and Serverless (US). These market players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product enhancements to expand their presence in the serverless architecture market. Product enhancements and collaborations have been the most adopted strategies by major players from 2017 to 2020, which helped companies innovate their offerings and broaden their customer base.
Amazon Web Service (AWS) is one of the leading players in the serverless architecture market. AWS serverless platform is a one-,stop solution which includes data storage, application integration services, analytics, API gateway, compute, and orchestration. Users are charged for the platform only for the compute time they have consumed. The platform handles everything required to run and scale codes with high availability. The company caters to its customer base in more than 190 countries.
Google is another established player and a globally recognized vendor of cloud and serverless architecture. Google Cloud’s serverless platform enables to write code without worrying about the underlying infrastructure. Deploy functions or apps as source code or as containers. Easily build full stack serverless applications with Google Cloud’s storage, databases, machine learning, and more. Extend applications with event-driven computing from Google or third-party service integrations. The serverless workloads can be moved to on-premises environments or to the cloud.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1–888–600–6441
Email: [email protected]
Sign in to leave a comment.