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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Serverless Security Market (2021 to 2026) - New Marketplaces for Serverless Functions Presents Opportunities - ResearchAndMarkets.com

September 13, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 13, 2021--

The “Global Serverless Security Market by Service Model (BaaS and FaaS), Security Type (Data, Network, Perimeter, and Application), Deployment Mode (Public and Private), Organization Size (SMEs and Large enterprises), Vertical, and Region - Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The publisher forecasts the global Serverless security market size to grow from USD 1.4 billion in 2021 to USD 5.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.9% during 2021-2026.

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Serverless architectures are prone to several security risks such as event injection, broken authentication, insecure deployment settings, over-privileged function permission and roles, insufficient logging and monitoring, improper exception handling, and vulnerability management. These act as major drivers for the Serverless security market.

Among security type, network security segment to grow at the highest CAGR during the forecast period

Network security is the technique of securing networks from advanced threats on the serverless architecture. Sophisticated threats are negatively impacting the serverless computing platform by evading network defenses and targeting vulnerabilities in the system. With the growth in cloud adoption, the chances of misconfigurations have increased significantly. Serverless security helps monitor serverless applications to prevent unauthorized access and misuse of networking resources. The key trends that contribute to the serverless network security market growth are the growing usage of cloud computing services and serverless architectures. Hence is expected to grow at the highest CAGR.

Large enterprises segment to hold a larger market size during the forecast period

The adoption of serverless security among large enterprises is high due to the ever-increasing demand for cloud automation and serverless models, and the trend is expected to continue during the forecast period. Large enterprises are heavily investing in advanced technology to increase the company’s overall productivity and efficiency. With the ever-increasing amount of data, large enterprises need to invest in IT and security infrastructure. The shift of large enterprises to DevOps and microservices architectures has become more eminent. Hence, large enterprises are implementing serverless security to mitigate serverless security risks such as event injection, broken authentication, insecure app secret storage, and improper exception handling.

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Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

APAC experiences considerable security spending owing to the ever-growing threat landscape of the region. APAC is expected to provide significant growth opportunities during the forecast period. The untapped potential markets, high penetration of advanced technologies, growth in application development in various industries, and economic developments and government regulations are expected to drive the serverless security market during the forecast period. An increasing number of organizations in APAC are migrating their legacy data center processes to a serverless environment. This causes problems such as insecure configuration, function permissions, and event data injection, thereby driving the need for serverless security. Increasing advancements in mobility and cloud adoption and growing mandatory compliances with government regulations to resolve data security issues have forced enterprises to adopt serverless security solutions.

Market Dynamics

Drivers

  • Increase in the Misconfiguration to Boost the Growth of Serverless Security
  • Compliance Concerns in Traditional Cloud Computing
  • Future of Microservices Lies in Serverless and Function-As-A-Service
  • Lack of Security Tools and Processes

Restraints

  • Lack of Awareness Toward Serverless Resources, Serverless Architecture, Serverless Security and Strategy
  • Distrust and Weak Collaboration Among Enterprises and Serverless Security Service Providers

Opportunities

  • Migration to Serverless Technology to Give an Opportunity for Serverless Security
  • New Marketplaces for Serverless Functions
  • Usage of Edge Computing with Serverless Technology

Challenges

  • Cost-Efficiency for Long-Running Computation
  • Challenges in Proving Compliance

Companies Mentioned

  • Alcide
  • Amazon Web Services
  • Aqua Security
  • Check Point
  • Cisco
  • Cloudflare
  • Deepfence
  • Fortinet
  • Google
  • Ibm
  • Imperva
  • Lumigo
  • Micro Focus
  • Microsoft
  • Oracle
  • Palo Alto Networks
  • Rackspace
  • Serverless
  • Signal Sciences
  • Snyk
  • Sophos
  • Stackery
  • Stackpath
  • Sysdig
  • Thundra

For more information about this report visit https://www.researchandmarkets.com/r/9725xx

View source version on businesswire.com:https://www.businesswire.com/news/home/20210913005680/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 09/13/2021 11:54 AM/DISC: 09/13/2021 11:54 AM

http://www.businesswire.com/news/home/20210913005680/en