Selbyville, Delaware, June 16, 2021 (GLOBE NEWSWIRE) –
Global Market Insights Inc. recently added a new report on the Serverless Architectures Market that estimates the market valuation for serverless architecture will exceed $ 30 billion by 2027. Advances in cloud computing technologies and enterprise-wide digitization, which are the main drivers of industry growth.
The serverless architecture market growth is attributed to the development and testing of use cases of serverless architecture such as media and protocol processing, IT automation, IoT backends, etc., as well as application development and deployments over cloud infrastructures for improved agility. These tech company initiatives are driving the adoption of serverless architecture across the industry.
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The monitoring segment is expected to grow with a CAGR of over 25% from 2021 to 2027. It plays an important role in optimizing performance along with real-time insight into executions and functional activities. In addition, the growing demand for improved visibility of executions and events by cloud developers supports the demand for serverless architecture solutions. This creates more opportunities for companies to offer more personalized solutions and reduces security concerns.
The hybrid cloud segment is expected to hold a larger market share over the forecast period. The growth is attributed to improved scalability and flexibility to integrate both public and private cloud environments to optimize operational performance. Due to their combined advantages of scalability and data security, hybrid models are increasingly developing as a viable alternative to public and private cloud models.
the Market demand for serverless architecture from the large organization segment will record a growth rate of more than 20% CAGR from 2021 to 2027 due to the expansive increase in infrastructure digitization activities in established companies. The emergence of a hybrid cloud, which offers improved data security with high scalability, is driving the growth of large companies. In addition, the introduction of cloud computing due to the extensive use of SaaS models such as CRM and ERP solutions continues to support market growth.
The media and entertainment segment is projected to grow exponentially through 2027, driven by operational benefits such as reduced backend errors, seamless content delivery and optimized service integrations from the serverless infrastructure. In addition, several established companies have developed an advanced serverless architecture platform to support content delivery infrastructure and improve business efficiency.
APAC is expected to expand significantly in the market for serverless architectures with a revenue share of around 20% by 2027. The growth is attributed to benefits such as reduced maintenance costs and the lack of physical infrastructure. In addition, the region has the fastest growing economies such as China and India and increasing demand for serverless architecture from multiple industries including retail, e-commerce, healthcare and BFSI. These factors are expected to support market growth over the forecast period.
Several companies in the region rely on innovative market launches. For example, Amazon Web Services launched Fargate 1.4 in April 2020. launched an update to its serverless container platform. The new update supports shared elastic file system storage and removes the use of Docker Engine. This update helped the company strengthen its serverless architecture platform and gain a competitive position in the market. Likewise, Cloudflare, Inc. released Cloudflare Workers Unbound in July 2020, a serverless platform for developers. The new solution enables developers to run complex computing workloads across the Cloudflare network. This release helped the company deliver the best user experience in its class and strengthen its position in the market.
Key Findings of the Serverless Architectures Market Report Include:
- Advances in cloud computing technologies and enterprise-wide digitization are expected to support market growth.
- APAC is expected to hold a large market share due to the reduction in maintenance costs and the omission of physical infrastructure.
- Major players in the serverless architecture market are Alibaba Group Holding Limited, Amazon Web Services, Google LLC, IBM Corporation, Joyent, Microsoft Corporation, Nasuni Corporation, and NTT Data Corporation.
- The companies operating in the market concentrate on the integration of new technologies and the expansion of the portfolio in order to meet the various customer requirements.
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Sub-chapter of the report table of contents (TOC):
Chapter 3 Industry Insights for Serverless Architecture
3.1 Introduction
3.2 Industry segmentation
3.3 Impact of the COVID-19 outbreak
3.3.1 Global outlook
3.3.2 By region
3.3.2.1 North America
3.3.2.2 Europe
3.3.2.3 Asia-Pacific
3.3.2.4 Latin America
3.3.2.5 Middle East & Africa
3.3.3 The industrial value chain
3.3.3.1 Suppliers
3.3.3.2 Technology provider for serverless architecture
3.3.3.3 Marketing & Sales Channels
3.3.4 Competitive Landscape
3.3.4.1 Strategy
3.3.4.2 Distribution network
3.3.4.3 Business growth
3.4 Evolution of the serverless architecture
3.5 Serverless architecture Industrial architecture
3.6 Industry ecosystem analysis for serverless architecture
3.6.1 Technology provider for serverless architecture
3.6.2 Hardware manufacturer
3.6.3 System integrators
3.6.4 Data center operators
3.6.5 End users
3.6.6 Profit Margin Analysis
3.6.7 Supplier matrix
3.7 Patent analysis
3.8 Investment portfolio
3.9 Technology & innovation landscape
3.9.1 Serverless at the edge
3.9.2 Function-as-a-Service (FaaS)
3.9.3 Serverless Security
3.9.4 Serverless DevOps
3.10 Regulatory landscape
3.10.1 Global
3.10.1.1 ISO / IEC 270001
3.10.2 North America
3.10.2.1 NIST Special Publication 800-144 – Guidelines for Security and Privacy in Public Cloud Computing (US)
3.10.2.2 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (USA)
3.10.2.3 Law on the protection of personal data and electronic documents [(PIPEDA) Canada]
3.10.3 Europe
3.10.3.1 General Data Protection Regulation (EU)
3.10.3.2 Federal Data Protection Act (BDSG)
3.10.4 APAC
3.10.4.1 Information Security Technology – Personal Data Security Specification GB / T 35273-2017 (China)
3.10.4.2 National Guideline for Digital Communication in India 2018 – Draft (India)
3.10.5 Latin America
3.10.5.1 National Directorate for Personal Data Protection (Argentina)
3.10.5.2 The Brazilian Basic Law on Data Protection (LGPD)
3.10.6 MEA
3.10.6.1 Law No. 13 of 2016 on the Protection of Personal Data (Qatar)
3.10.6.2 Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)
3.11 Industry Influences
3.11.1 Growth drivers
3.11.1.1 Growing need for serverless computing for DevOps practices
3.11.1.2 Growing need to remove complexity in server deployment
3.11.1.3 Rapid advances in cloud computing technologies
3.11.1.4 Penetration of IoT and BYOD
3.11.1.5 Growing affinity of companies to microservices
3.11.2 Pitfalls and challenges in the industry
3.11.2.1 Critical security risks associated with serverless architecture
3.11.2.2 Lack of expertise and limited skills in the serverless architecture industry
3.12 Growth Potential Analysis
3.13 Porter’s analysis
3.14 PESTEL analysis
About global market insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting service provider; Offering syndicated and custom research reports along with growth advisory services. Our business intelligence and industry research reports provide clients with penetrating insights and actionable market data that is specifically designed and presented to aid strategic decisions. These comprehensive reports were generated using a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energies and biotechnology.
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