Serverless Architecture Market 2020: Global Industry Expected to Expand Annually at 27.8% for the Next Seven Years
Pune, Maharashtra, Feb 11, 2020 (Wired Release) Allied Analytics The rapid rise of the app development market along with an increase in demand for useful applications for different platforms such as Android and iOS have boosted the growth of the serverless architecture market. The growing shift from DevOps to serverless computing and rising need to eliminate server management challenges have supplemented to the growth of the market. The region of the North America region accounted for nearly half of the market of global serverless architecture in terms of revenue in 2017. According to the report published by Allied Market Research, the global serverless architecture market generated $3.01 billion in 2017 and is estimated to reach $21.99 Billion by 2025, growing at a CAGR of 27.8% from 2018 to 2025.
A surge in the number of smartphones, increase in BYOD adoption, rise in the number of applications, growing shift from DevOps to serverless computing, and rising need to eliminate server management challenges have led to significant growth of the global serverless architecture market. However, issues associated with third-party APIs restrict market growth. On another hand, the emergence of serverless architecture applications in the growing IoT landscape and growing cloud infrastructure services market would provide lucrative opportunities for the serverless architecture market.
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Asia-Pacific would grow at the fastest CAGR of 31.0% from 2018 to 2025, owing to factors such as on-going IT modernization in well-established telecommunication industries and an increase in adoption of IoT-based devices which are expected to provide remunerative opportunities for market. However, North America contributed to nearly half of the total share in 2017 and is estimated to maintain its dominance during the forecast period. This is due to the growth of the app development market, well-established cloud industry, and significant adoption of serverless architecture for media processing and IoT applications.
Key questions answered in Serverless Architecture Market research study:
What is the market growth rate of Serverless Architecture Market from 2019-2026?
What will be the global market size of the market from 2019 to 2026?
Who are the leading global players in the Serverless Architecture Market?
What are the current trends and predicted trends?
What are the challenges faced in the Serverless Architecture Market?
Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
Which will be the anticipated growth rates for your own Serverless Architecture Market economy altogether and also for every segment inside?
Which will be the Serverless Architecture Market application and types and forecast accompanied closely by producers?
What are the conclusions of the Serverless Architecture Market report?
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Frontrunners of the industry
Amazon Web Services
Platform9 Systems Inc.
These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry. Company profile includes Company overview, Key Executives, Company snapshot, Operating business segments, Product portfolio, Business performance, Key strategic moves, and developments.
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