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Function-as-a-Service Market by User Type (Developer-Centric, and Operator-Centric), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises, and Small and medium enterprises), and Industry Vertical (BFSI, IT & Telecom, Healthcare, Manufacturing, Media & Entertainment, Public Sector, Retail & e-commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A06072
Pages: 273
Mar 2020 | 1170 Views
 
Author(s) : Rachita Rake , Vineet Kumar
Tables: 142
Charts: 78
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Function-as-a-Service (FaaS) Market Insights - 2026

The global Function-as-a-Service market size was valued at $3,017.00 million in 2018, and is projected to reach $24,007.00 million by 2026, registering a CAGR of 29.7% from 2019 to 2026. Function-as-a-service is a cloud computing model that allows consumers to develop various application and deploy functionalities without having a proper server with increase in process efficiency. This technology enables developers to use backend services on a flexible pay-as-you-go basis, as they are only charged based on their computation and pay for a fixed amount of bandwidth. The function-as-a-service is one of the fastest growing cloud service models, as the technology has reduced the need to maintain physical infrastructure and systems software.

Function-as-a-Service (FaaS) Market Infographics

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By user type, the developer-centric segment garnered major Function-as-a-Service market share in 2018 and is expected to remain dominant during the forecast period owing to numerous benefits provided by the FaaS to the developer centric user such as no server management, flexible scaling, optimized cost and automated high availability propels the growth of the market. However, the operator-centric segment is expected to witness highest CAGR in the upcoming years owing to increase in adoption of cloud computing architecture is expected to increase by network operators as it solves heavy computation problems which fuels the growth of the Function-as-a-Service market.

Function-as-a-Service Market
By User Type

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Operator-Centric user type would exhibit the highest CAGR of 31.3% during 2019-2026.

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By deployment model, the public cloud segment dominated the Function-as-a-Service market share in 2018 and is expected to remain dominant during the forecast period. However, the hybrid cloud is expected to witness highest growth rate in the upcoming years as companies are adopting hybrid cloud for improving their business and to provide faster delivery of services. In addition, it offers numerous benefits which include flexibility to the data stored and providing advance level of security to the data.

Function-as-a-Service Market
By Deployment Model

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Hybrid Cloud would exhibit the highest CAGR of 34.8% during 2019-2026.

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North America dominated the Function-as-a-Service market in 2018 and is expected to remain dominant during the forecast period as it is the most advanced region in terms of technology adoption. Moreover, major market players such as, Google, Amazon, and Microsoft are strengthening their serverless offerings in this region, which is also one of the major factors fueling the market growth in North America. Furthermore, growth in demand for scalable and cost-effective computing is also boosting the market growth in this region. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increase in cloud adoption in Asia-Pacific countries such as China, India, and others. 

Function-as-a-Service Market
By Industry Vertical

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BFSI segment is dominating the market and is expected to garner highest revenue during the forecast period with $4,055 million revenue in 2026.

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The report focuses on the growth prospects, restraints, and trends of the Function-as-a-Service market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

Segment review

The global Function-as-a-Service Market segmentation includes user type, deployment model, organization size, industry vertical, and region. In terms of user type, it is bifurcated into developer-centric and operator-centric. In terms of deployment model, the market is divided into hybrid cloud, public cloud and private cloud. Based on the organization size, it is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into, BFSI, IT & telecom, healthcare, manufacturing, media & entertainment, public sector, retail & e-commerce, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Function-as-a-Service Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR 34.1% during 2019-2026.

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The global Function-as-a-Service market is dominated by the players such as Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Tibco Software Inc., SAP SE, Infosys Limited, Rogue Wave Software, Inc. and Dynatrace LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Top Impacting Factors

Current and future Function-as-a-Service market trends are outlined to determine the overall attractiveness of the market. Top impacting factors highlight the FaaS market opportunity during the forecast period. The growth of the market is driven by rise in need to eliminate server management challenges and rapid growth of the app development market along with shift from DevOps toward serverless computing drives the growth of the market. However, issues associated with third-part APIs such as lock-in problems, security & compliance concerns and other architectural complexities hinders the growth of the market. Furthermore, high growth of cloud-based services and rise in IoT-based devices are expected to present major opportunities for the Function-as-a-Service market growth during the forecast period.

Rising shift from DevOps to serverless computing    

Though DevOps is considered as one of the widely used practice of integrating development and operations, however its implementation is sometimes considered as troublesome. These issues associated with DevOps have led to the increase in shift to serverless computing. 

This growth in technology is widely chosen among developers as there is no need to worry about execution of code. In addition, there is no need for a direct access to the operating system to manage the code. This attracts large developers as they are able to focus solely on coding of the applications. In addition, it allows developers to use reusable code everywhere, which thus, eliminates the issues such as network troubleshooting. The drag-and-drop interface options allow fast use of reusable code that can shorten both the development and testing cycles. As time is considered important in modern day continuous release cycles, a reusable code strategy achieved through serverless computing dramatically improves developer time and resource economies of scale. As a result, developers are constantly adopting serverless computing; thus, driving the growth of the global Function-as-a-Service market.

Emergence of function-as-a-service applications in growing IoT landscape

Rapid technological developments and innovations have led to the transformation of several industries into a data-driven paradigm, which has opened up vast opportunities. In addition, significant increase in IoT adoption is supported by organizations, which are transforming their business through this technology for device integration and management to enhance productivity and cost-efficiency. Serverless computing has found several applications such as data processing, in the growing IoT landscape.

Impact of COVID-19 on Function-as-a-Service (FaaS) Market:

  • The demand for function-as-a-service is expected to surge during the Covid-19 pandemic to develop, run, and manage application functionalities by avoiding the building and maintaining the complex infrastructure to facilitate ‘work from home’ facilities.
  • Function-as-a-service has been adopted by the IT industry as it provides serverless computing via serverless architecture in the lockdown period to continue all the operations smoothly and securely.

Key Benefits for Stakeholders:

  • This study presents the analytical depiction of global Function-as-a-Service market trends and future estimations to determine the imminent investment pockets.
  • A detailed analysis of the Function-as-a-Service market segment measures the potential of the market. These segments outline the favorable conditions for the market.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Function-as-a-Service industry.

Key Market Segments:

By User Type

  • Developer-Centric
  • Operator-Centric

By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size

  • Large Enterprises
  • Small and medium enterprises

By Industry Vertical

  • BFSI
  • IT & Telecom
  • Healthcare
  • Manufacturing
  • Media & Entertainment
  • Public Sector
  • Retail & e-commerce
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • France
    • Germany
    • Spain 
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

Key Market Players Profiled in the Report:

  • Amazon Web Services
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Tibco Software Inc.
  • SAP SE
  • Infosys Limited
  • Rogue Wave Software Inc
  • Dynatrace LLC
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping Function-as-a-service Market
3.3. Market evolution/ Industry roadmap
3.4. Case studies

3.4.1. Relativity was looking for the solution to improve ease of its customers by avoiding the need of servers, operating system and infrastructure during coding process.
3.4.2. Thomson Reuters adopted Amazon Web Service serverless computing service to build a solution which will provide insights to help product teams continuously improve the user experience.

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in the app development market
3.5.1.2. Rising shift from DevOps to serverless computing
3.5.1.3. Rise in need to eliminate server management challenges

3.5.2. Restraint

3.5.2.1. Issues associated with third-party APIs

3.5.3. Opportunities

3.5.3.1. Emergence of function-as-a-service applications in growing IoT landscape
3.5.3.2. Growth in the cloud infrastructure services market

CHAPTER 4: FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE

4.1. Overview
4.2. Developer-Centric

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Operator-Centric

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL

5.1. Overview
5.2. Public cloud

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Private cloud

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Hybrid cloud

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

CHAPTER 6: FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE

6.1. Overview
6.2. Large enterprises

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. SMEs

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL

7.1. Overview
7.2. BFSI

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country

7.3. IT & telecom

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country

7.4. Healthcare

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

7.5. Manufacturing

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis, by country

7.6. Media & entertainment

7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis, by country

7.7. Public sector

7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis, by country

7.8. Retail & E-commerce

7.8.1. Key market trends, growth factors, and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis, by country

7.9. Others

7.9.1. Key market trends, growth factors, and opportunities
7.9.2. Market size and forecast, by region
7.9.3. Market analysis, by country

CHAPTER 8: FUNCTION-AS-A-SERVICE MARKET, BY REGION

8.1. Overview
8.2. North America

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by user type
8.2.3. Market size and forecast, by deployment model
8.2.4. Market size and forecast, by enterprise size
8.2.5. Market size and forecast, by industry vertical
8.2.6. Market analysis by Country

8.2.6.1. U.S.

8.2.6.1.1. Market size and forecast, by User type
8.2.6.1.2. Market size and forecast, by Deployment Model
8.2.6.1.3. Market size and forecast, by organization size
8.2.6.1.4. Market size and forecast, by industry vertical

8.2.6.2. CANADA

8.2.6.2.1. Market size and forecast, by User type
8.2.6.2.2. Market size and forecast, by Deployment Model
8.2.6.2.3. Market size and forecast, by organization size
8.2.6.2.4. Market size and forecast, by industry vertical

8.3. Europe

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast, by user type
8.3.3. Market size and forecast, by deployment model
8.3.4. Market size and forecast, by enterprise size
8.3.5. Market size and forecast, by industry vertical
8.3.6. Market analysis by Country

8.3.6.1. UK

8.3.6.1.1. Market size and forecast, by User type
8.3.6.1.2. Market size and forecast, by Deployment Model
8.3.6.1.3. Market size and forecast, by organization size
8.3.6.1.4. Market size and forecast, by industry vertical

8.3.6.2. GERMANY

8.3.6.2.1. Market size and forecast, by User type
8.3.6.2.2. Market size and forecast, by Deployment Model
8.3.6.2.3. Market size and forecast, by organization size
8.3.6.2.4. Market size and forecast, by industry vertical

8.3.6.3. FRANCE

8.3.6.3.1. Market size and forecast, by User type
8.3.6.3.2. Market size and forecast, by Deployment Model
8.3.6.3.3. Market size and forecast, by organization size
8.3.6.3.4. Market size and forecast, by industry vertical

8.3.6.4. ITALY

8.3.6.4.1. Market size and forecast, by User type
8.3.6.4.2. Market size and forecast, by Deployment Model
8.3.6.4.3. Market size and forecast, by organization size
8.3.6.4.4. Market size and forecast, by industry vertical

8.3.6.5. Rest of Europe

8.3.6.5.1. Market size and forecast, by User type
8.3.6.5.2. Market size and forecast, by Deployment Model
8.3.6.5.3. Market size and forecast, by organization size
8.3.6.5.4. Market size and forecast, by industry vertical

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast, by user type
8.4.3. Market size and forecast, by deployment model
8.4.4. Market size and forecast, by enterprise size
8.4.5. Market size and forecast, by industry vertical
8.4.6. Market analysis by Country

8.4.6.1. China

8.4.6.1.1. Market size and forecast, by User type
8.4.6.1.2. Market size and forecast, by Deployment Model
8.4.6.1.3. Market size and forecast, by organization size
8.4.6.1.4. Market size and forecast, by industry vertical

8.4.6.2. India

8.4.6.2.1. Market size and forecast, by User type
8.4.6.2.2. Market size and forecast, by deployment model
8.4.6.2.3. Market size and forecast, by organization size
8.4.6.2.4. Market size and forecast, by industry vertical

8.4.6.3. JAPAN

8.4.6.3.1. Market size and forecast, by User type
8.4.6.3.2. Market size and forecast, by Deployment Model
8.4.6.3.3. Market size and forecast, by organization size
8.4.6.3.4. Market size and forecast, by industry vertical

8.4.6.4. South Korea

8.4.6.4.1. Market size and forecast, by User type
8.4.6.4.2. Market size and forecast, by Deployment Model
8.4.6.4.3. Market size and forecast, by organization size
8.4.6.4.4. Market size and forecast, by industry vertical

8.4.6.5. Rest of Asia-Pacific

8.4.6.5.1. Market size and forecast, by User type
8.4.6.5.2. Market size and forecast, by Deployment Model
8.4.6.5.3. Market size and forecast, by organization size
8.4.6.5.4. Market size and forecast, by industry vertical

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast, by user type
8.5.3. Market size and forecast, by deployment model
8.5.4. Market size and forecast, by enterprise size
8.5.5. Market size and forecast, by industry vertical
8.5.6. Market analysis by Country

8.5.6.1. LATIN AMERICA

8.5.6.1.1. Market size and forecast, by User type
8.5.6.1.2. Market size and forecast, by Deployment Model
8.5.6.1.3. Market size and forecast, by organization size
8.5.6.1.4. Market size and forecast, by industry vertical

8.5.6.2. Middle East

8.5.6.2.1. Market size and forecast, by User type
8.5.6.2.2. Market size and forecast, by Deployment Model
8.5.6.2.3. Market size and forecast, by organization size
8.5.6.2.4. Market size and forecast, by industry vertical

8.5.6.3. AFRICA

8.5.6.3.1. Market size and forecast, by User type
8.5.6.3.2. Market size and forecast, by Deployment Model
8.5.6.3.3. Market size and forecast, by organization size
8.5.6.3.4. Market size and forecast, by industry vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Key player positioning, 2018
9.2. Competitive Dashboard

9.3. KEY DEVELOPMENTS

9.3.1. New product launches
9.3.2. Partnership
9.3.3. Agreement
9.3.4. Product development
9.3.5. Collaboration

9.4. Top Winning Strategies

CHAPTER 10: COMPANY PROFILE

10.1. Amazon Web Services, Inc.

10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments

10.2. Dynatrace LLC

10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Product portfolio

10.3. Google LLC

10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Product portfolio
10.3.5. R&D Expenditure
10.3.6. Business performance
10.3.7. Key strategic moves and developments

10.4. Infosys Limited

10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. R&D Expenditure
10.4.7. Business performance
10.4.8. Key strategic moves and developments

10.5. International Business Machines Corporation

10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. R&D Expenditure
10.5.7. Business performance
10.5.8. Key strategic moves and developments

10.6. Microsoft Corporation

10.6.1. Company overview
10.6.2. Key executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. R&D expenditure
10.6.7. Business performance
10.6.8. Key strategic moves and developments

10.7. Oracle Corporation

10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. R&D Expenditure
10.7.7. Business performance
10.7.8. Key strategic moves and developments

10.8. Rogue Wave Software

10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Product portfolio
10.8.5. Key strategic moves and developments

10.9. SAP SE

10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. R&D Expenditure
10.9.7. Business performance
10.9.8. Key strategic moves and developments

10.10. TIBCO Software Inc.

10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Product portfolio
10.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 02. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR DEVELOPER-CENTRIC, BY REGION, 2018-2026 ($MILLION)
TABLE 03. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR OPERATOR-CENTRIC, BY REGION, 2018-2026 ($MILLION)
TABLE 04. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 05. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR PUBLIC CLOUD, BY REGION, 2018-2026 ($MILLION)
TABLE 06. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR PRIVATE CLOUD, BY REGION, 2018-2026 ($MILLION)
TABLE 07. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR HYBRID CLOUD, BY REGION, 2018-2026 ($MILLION)
TABLE 08. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 09. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR LARGE ENTERPRISES, BY REGION, 2018-2026 ($MILLION)
TABLE 10. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR SMES, BY REGION, 2018-2026 ($MILLION)
TABLE 11. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 12. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR BFSI, BY REGION, 2018-2026 ($MILLION)
TABLE 13. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR IT & TELECOM, BY REGION, 2018-2026 ($MILLION)
TABLE 14. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR HEALTHCARE, BY REGION, 2018-2026 ($MILLION)
TABLE 15. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR MANUFACTURING, BY REGION, 2018-2026 ($MILLION)
TABLE 16. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION, 2018-2026 ($MILLION)
TABLE 17. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR PUBLIC SECTOR, BY REGION, 2018-2026 ($MILLION)
TABLE 18. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR RETAIL & E-COMMERCE, BY REGION, 2018-2026 ($MILLION)
TABLE 19. FUNCTION-AS-A-SERVICE MARKET REVENUE FOR OTHERS, BY REGION, 2018-2026 ($MILLION)
TABLE 20. FUNCTION-AS-A-SERVICE MARKET REVENUE, BY REGION, 2018-2026 ($MILLION)
TABLE 21. NORTH AMERICA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY USER TYPE 2018–2026 ($MILLION)
TABLE 22. NORTH AMERICA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY DEPLOYMENT MODEL 2018–2026 ($MILLION)
TABLE 23. NORTH AMERICA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY ENTERPRISE SIZE, 2018–2026 ($MILLION)
TABLE 24. NORTH AMERICA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY INDUSTRY VERTICAL, 2018–2026 ($MILLION)
TABLE 25. NORTH AMERICA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 26. U.S. FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 27. U.S. FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 28. U.S. FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 29. U.S. FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 30. CANADA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 31. CANADA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 32. CANADA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 33. CANADA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 34. EUROPE FUNCTION-AS-A-SERVICES MARKET REVENUE, BY USER TYPE 2018–2026 ($MILLION)
TABLE 35. EUROPE FUNCTION-AS-A-SERVICES MARKET REVENUE, BY DEPLOYMENT MODEL 2018–2026 ($MILLION)
TABLE 36. EUROPE FUNCTION-AS-A-SERVICES MARKET REVENUE, BY ENTERPRISE SIZE, 2018–2026 ($MILLION)
TABLE 37. EUROPE FUNCTION-AS-A-SERVICES MARKET REVENUE, BY INDUSTRY VERTICAL, 2018–2026 ($MILLION)
TABLE 38. EUROPE FUNCTION-AS-A-SERVICE MARKET, BY COUNTRY, 2018-2026 ($MILLION)
TABLE 39. UK FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 40. UK FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 41. UK FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 42. UK FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 43. GERMANY FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 44. GERMANY FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 45. GERMANY FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 46. GERMANY FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 47. FRANCE FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 48. FRANCE FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 49. FRANCE FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 50. FRANCE FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 51. ITALY FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 52. ITALY FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 53. ITALY FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 54. ITALY FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 55. REST OF EUROPE FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 56. REST OF EUROPE FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 57. REST OF EUROPE FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 58. REST OF EUROPE FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 59. ASIA-PACIFIC FUNCTION-AS-A-SERVICES MARKET REVENUE, BY USER TYPE 2018–2026 ($MILLION)
TABLE 60. ASIA-PACIFIC FUNCTION-AS-A-SERVICES MARKET REVENUE, BY DEPLOYMENT MODEL 2018–2026 ($MILLION)
TABLE 61. ASIA-PACIFIC FUNCTION-AS-A-SERVICES MARKET REVENUE, BY ENTERPRISE SIZE, 2018–2026 ($MILLION)
TABLE 62. ASIA-PACIFIC FUNCTION-AS-A-SERVICES MARKET REVENUE, BY INDUSTRY VERTICAL, 2018–2026 ($MILLION)
TABLE 63. ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, BY COUNTRY, 2018-2026 ($MILLION)
TABLE 64. CHINA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 65. CHINA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 66. CHINA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 67. CHINA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 68. INDIA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 69. INDIA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 70. INDIA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 71. INDIA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 72. JAPAN FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 73. JAPAN FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 74. JAPAN FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 75. JAPAN FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 76. SOUTH KOREA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 77. SOUTH KOREA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 78. SOUTH KOREA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 79. SOUTH KOREA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 80. REST OF ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 81. REST OF ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 82. REST OF ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 83. REST OF ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 84. LAMEA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY USER TYPE 2018–2026 ($MILLION)
TABLE 85. LAMEA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY DEPLOYMENT MODEL 2018–2026 ($MILLION)
TABLE 86. LAMEA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY ENTERPRISE SIZE, 2018–2026 ($MILLION)
TABLE 87. LAMEA FUNCTION-AS-A-SERVICES MARKET REVENUE, BY INDUSTRY VERTICAL, 2018–2026 ($MILLION)
TABLE 88. LAMEA FUNCTION-AS-A-SERVICE MARKET, BY COUNTRY, 2018-2026 ($MILLION)
TABLE 89. LATIN AMERICA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 90. LATIN AMERICA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 91. LATIN AMERICA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 92. LATIN AMERICA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 93. MIDDLE EAST FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 94. MIDDLE EAST FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 95. MIDDLE EAST FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 96. MIDDLE EAST FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 97. AFRICA FUNCTION-AS-A-SERVICE MARKET, BY USER TYPE, 2018-2026 ($MILLION)
TABLE 98. AFRICA FUNCTION-AS-A-SERVICE MARKET, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
TABLE 99. AFRICA FUNCTION-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE, 2018-2026 ($MILLION)
TABLE 100. AFRICA FUNCTION-AS-A-SERVICE MARKET, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 101. KEY NEW PRODUCT LAUNCHES (2016-2019)
TABLE 102. PARTNERSHIP (2016-2019)
TABLE 103. AGREEMENT (2016-2019)
TABLE 104. PRODUCT DEVELOPMENT (2016-2019)
TABLE 105. COLLABORATION (2016-2019)
TABLE 106. AMAZON WEB SERVICES, INC.: KEY EXECUTIVES
TABLE 107. AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT
TABLE 108. AMAZON WEB SERVICES, INC.: OPERATING SEGMENTS
TABLE 109. AMAZON WEB SERVICES, INC.: PRODUCT PORTFOLIO
TABLE 110. DYNATRACE LLC: KEY EXECUTIVES
TABLE 111. DYNATRACE LLC: COMPANY SNAPSHOT
TABLE 112. DYNATRACE LLC: PRODUCT PORTFOLIO
TABLE 113. GOOGLE LLC: KEY EXECUTIVES
TABLE 114. GOOGLE INC.: COMPANY SNAPSHOT
TABLE 115. GOOGLE LLC: PRODUCT PORTFOLIO
TABLE 116. INFOSYS LIMITED: KEY EXECUTIVES
TABLE 117. INFOSYS LIMITED: COMPANY SNAPSHOT
TABLE 118. INFOSYS LIMITED: OPERATING SEGMENTS
TABLE 119. INFOSYS LIMITED: PRODUCT PORTFOLIO
TABLE 120. INTERNATIONAL BUSINESS MACHINES CORPORATION: KEY EXECUTIVES
TABLE 121. INTERNATIONAL BUSINESS MACHINES CORPORATION: COMPANY SNAPSHOT
TABLE 122. INTERNATIONAL BUSINESS MACHINES CORPORATION: OPERATING SEGMENTS
TABLE 123. INTERNATIONAL BUSINESS MACHINES CORPORATION: PRODUCT PORTFOLIO
TABLE 124. MICROSOFT CORPORATION: KEY EXECUTIVES
TABLE 125. MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 126. MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 127. MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 128. ORACLE CORPORATION: KEY EXECUTIVES
TABLE 129. ORACLE CORPORATION: COMPANY SNAPSHOT
TABLE 130. ORACLE CORPORATION: OPERATING SEGMENTS
TABLE 131. ORACLE CORPORATION: PRODUCT PORTFOLIO
TABLE 132. ORACLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133. ROGUE WAVE SOFTWARE: KEY EXECUTIVES
TABLE 134. ROGUE WAVE SOFTWARE: COMPANY SNAPSHOT
TABLE 135. ROGUE WAVE SOFTWARE: PRODUCT PORTFOLIO
TABLE 136. SAP SE: KEY EXECUTIVES
TABLE 137. SAP SE: COMPANY SNAPSHOT
TABLE 138. SAP SE: OPERATING SEGMENTS
TABLE 139. SAP SE: PRODUCT PORTFOLIO
TABLE 140. TIBCO SOFTWARE INC.: KEY EXECUTIVES
TABLE 141. TIBCO SOFTWARE INC.: COMPANY SNAPSHOT
TABLE 142. TIBCO SOFTWARE INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL FUNCTION-AS-A-SERVICE MARKET, 2018–2026
FIGURE 03. FUNCTION-AS-A-SERVICE MARKET, BY REGION, 2018–2026
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09. MODERATE THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET EVOLUTION/INDUSTRY ROADMAP
FIGURE 12. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY USER TYPE, 2018–2026 ($MILLION)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR DEVELOPER-CENTRIC, BY COUNTRY, 2018 & 2026(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR OPERATOR-CENTRIC, BY COUNTRY, 2018 & 2026(%)
FIGURE 15. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR PUBLIC CLOUD, BY COUNTRY, 2018 & 2026(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR PRIVATE CLOUD, BY COUNTRY, 2018 & 2026(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR HYBRID CLOUD, BY COUNTRY, 2018 & 2026(%)
FIGURE 19. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY ORGANIZATION SIZE, 2018–2026 ($MILLION)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR LARGE ENTERPRISES, BY COUNTRY, 2018 & 2026(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR SMES, BY COUNTRY,  2018 & 2026(%)
FIGURE 22. GLOBAL FUNCTION-AS-A-SERVICE MARKET REVENUE, BY INDUSTRY VERTICAL, 2018–2026 ($MILLION)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR BFSI, BY COUNTRY,  2018 & 2026(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR IT & TELECOM, BY COUNTRY, 2018 & 2026(%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR HEALTHCARE, BY COUNTRY,  2018 & 2026(%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR MANUFACTUIRNG, BY COUNTRY, 2018 & 2026(%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2018 & 2026(%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR PUBLIC SECTOR, BY COUNTRY, 2018 & 2026(%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR RETAIL & E-COMMERCE, BY COUNTRY, 2018 & 2026(%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF FUNCTION-AS-A-SERVICE MARKET FOR OTHERS, BY COUNTRY,  2018 & 2026(%)
FIGURE 31. U.S. FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 32. CANADA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 33. UK FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 34. GERMANY FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 35. FRANCE FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 36. ITALY FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 37. REST OF EUROPE FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 38. CHINA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 39. INDIA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 40. JAPAN FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 41. SOUTH KOREA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 43. LATIN AMERICA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 44. MIDDLE EAST FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 45. AFRICA FUNCTION-AS-A-SERVICE MARKET, 2018-2026 ($MILLION)
FIGURE 46. KEY PLAYERS POSITIONING, 2018
FIGURE 47. COMPETITIVE DASHBOARD
FIGURE 48. COMPETITIVE DASHBOARD
FIGURE 49. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 50. TOP WINNING STRATEGIES, BY YEAR, 2016-2019
FIGURE 51. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019
FIGURE 52. TOP WINNING STRATEGIES, BY COMPANY, 2016-2019
FIGURE 53. AMAZON.COM, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 54. AMAZON WEB SERVICES, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55. AMAZON WEB SERVICES, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 57. ALPHABET INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 58. ALPHABET INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 59. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 60. INFOSYS LIMITED: REVENUE, 2016–2018 ($MILLION)
FIGURE 61. INFOSYS LIMITED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62. INFOSYS LIMITED: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 63. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 64. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 65. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 68. MICROSOFT CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 69. MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 70. MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 71. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 72. ORACLE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 73. ORACLE CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 74. ORACLE CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 75. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 76. SAP SE: REVENUE, 2016–2018 ($MILLION)
FIGURE 77. SAP SE: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 78. SAP SE: REVENUE SHARE BY REGION, 2018 (%)

 
 

In accordance with several interviews that were conducted of the top level CXOs, the adoption of function-as-a-service has increased over a period of time for isolating high volume of data and improving the velocity of the software developers. Function-as-a-service allows software developers to develop application and deploy functionalities without maintaining a server. This technology is highly scalable and reduces the server management burden from the developers, which are the major factors that are driving its adoption among developers. Rise in need to eliminate server management and rapid growth of the app development market along with shift from DevOps toward serverless computing drives the growth of the market. However, issues associated with third-part APIs such as lock-in problems, security & compliance concerns and other architectural complexities hinders the growth of the market. Furthermore, high growth of cloud-based services and rise in IoT-based devices are expected to present major opportunities for the market growth during the forecast period.

The function-as-a-service market is consolidated with the presence of key vendors such as Amazon Web Services, Microsoft Corporation, IBM Corporation, and others, which constitute a large share. North America and Europe are the major shareholders of the function-as-a-service market, owing to early adoption of cloud-based services across. However, Asia-Pacific is expected to attain significant opportunities in the near future, owing to increase in cloud adoption, growth in IoT landscape, well-established telecommunication industry, and rise in the application development market in developing countries such as China, India, and others.

 

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