DUBLIN--(BUSINESS WIRE)--The "Serverless Architecture Market by Service type (Automation and Integration, Monitoring, API Management, Security, Support & Maintenance, and Training & Consulting), Deployment Model, Organization Size, Verticals, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The serverless architecture market size is estimated to be USD 4.25 billion in 2018 and expected to reach USD 14.93 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period.
The major factors that are expected to drive the growth of the serverless architecture market include the elimination of the need to manage servers for reducing infrastructure costs and easing deployment, management, and execution, shift from the DevOps to the serverless computing, and proliferation of microservices architecture.
The serverless architecture market has been demonstrating considerable growth, but the lack of security and strict compliances may restrain the growth of the market.
The monitoring services segment is expected to grow at the highest CAGR during the forecast period, due to the increasing adoption of microservices across verticals. Monitoring services give a complete picture of the health of the serverless infrastructure by providing visibility across various cloud deployments and key network metrics.
These services help reduce blind spots by detecting issues with containers, load balancers, disconnected hosts, and third-party providers. The monitoring services play a crucial role when more than 2 functions are deployed by different Cloud Service Providers (CSPs).
The BFSI vertical is estimated to account for the largest market share in 2018. This industry vertical is one of the early adopters that has leveraged the benefits of serverless architecture. It is constantly evolving and characterized by intense competition, worldwide expansion, consolidation, varied regulatory norms, and constantly changing consumer demands.
Serverless architecture supports real-time applications and offers a scalable and secure platform for providing real-time information to the BFSI vertical. Hence, the BFSI vertical is expected to offer significant growth opportunities for vendors in the serverless architecture market.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Serverless Architecture Market, By Service Type
7 Serverless Architecture Market, By Deployment Model
8 Serverless Architecture Market, By Organization Size
9 Serverless Architecture Market, By Vertical
10 Serverless Architecture Market, By Region
11 Competitive Landscape
12 Company Profiles
- Amazon Web Services (AWS)
- IBM
- Microsoft
- Oracle
- CA Technologies
- Rackspace
- Alibaba
- Tibco Software
- Platform9
- Syncano
- NTT Data
- Joyent
- Iron.io
- StdLib
- Realm
- Galactic Fog IP Inc.
- Modubiz
- Tarams Software Technologies
- Snyk
- Dynatrace
- Fiorano Software
- Manjrasoft
- SixSq
- Twistlock
For more information about this report visit https://www.researchandmarkets.com/research/k586cb/global_serverless?w=4
