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Global Serverless Architecture Market 2019-2023 | Digital Transformation to Boost Growth | Technavio

November 26, 2019 GMT
Global Serverless Architecture Market 2019-2023 | Digital Transformation to Boost Growth | Technavio
Global Serverless Architecture Market 2019-2023 | Digital Transformation to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 26, 2019--

The global serverless architecture market is expected to post a CAGR of over 26% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global serverless architecture market 2019-2023 (Graphic: Business Wire)

The reduction in operating cost will be one of the major drivers in the global serverless architecture market. The cost of purchasing, provisioning, and managing backend servers can be avoided by the end-users, who avail serverless architecture services. The on-premise deployment model includes expenses associated with licensing, system design and customization, implementation, training, and maintenance. As a result of these factors, the serverless architecture market will witness a boost in its growth during the forecast period.

To learn more about the global trends impacting the future of market research, download free sample:https://www.technavio.com/talk-to-us?report=IRTNTR31798

As per Technavio, the digital transformation of organizations and enterprises, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Serverless Architecture Market: Digital Transformation of Organizations and Enterprises

The digital transformation of organizations and enterprises will be one of the critical trends in the global serverless architecture market. Globally enterprises are adopting effective IT infrastructure to optimize their business operations. However, a physical setup includes significant infrastructure cost that primarily depends on server capacity and type. Moreover, in-house server infrastructure has limited storage and processing capacity. This has led to constant digital transformation to address the drawbacks associated with physical servers. The need for enterprises to scale-up their businesses at reduced cost has given rise to a serverless architecture as it can offer an unlimited number of servers for testing and deployments at low cost.

“The increasing popularity of SOA and the proliferation of the cloud deployment model are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Serverless Architecture Market: Segmentation Analysis

This market research report segments the global serverless architecture market by end-user (BFSI, government, telecommunication, healthcare, retail, media & entertainment, and other end-users) and geographical regions (North America, Europe, APAC, South America, and MEA).

The North American region led the market share in 2018, followed by APAC, Europe, MEA, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the presence of leading vendors in the region and the availability of cloud solution-based technical expertise.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005423/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com 

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/26/2019 03:30 PM/DISC: 11/26/2019 03:31 PM

http://www.businesswire.com/news/home/20191126005423/en