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Serverless Architecture Market by Deployment Model (Public Cloud and Private Cloud), Application (Real-time File/Stream Processing, Web Application Development, IoT Backend, and Others), Organization Size (Large Enterprises and SMEs), and Industry Vertical (BFSI, IT & Telecom, Healthcare, Manufacturing, Media & Entertainment, Public Sector, Retail & E-Commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025

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IC_195290
Pages: 260
May 2019 | 182 Views
 
Author(s) : Pramod Borasi , Supradip Baul
Tables: 95
Charts: 77
 

Serverless Architecture Market Outlook - 2025

Serverless architecture is a software design pattern in which a third-party service hosts application and eliminates the need for server management by the developer. 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 global serverless architecture market size was valued at $3,105.64 million in 2017 and is projected to reach $21,988.07 million by 2025, registering a CAGR of 27.8% from 2018 to 2025.

Serverless Architecture Market

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The growth of the global serverless architecture market is driven by rapid app development, rise in need to eliminate management of servers, and shift from DevOps to serverless computing. In addition, several benefits such enhanced scalability and cost-efficiency of serverless architecture propel the growth of the market. However, certain issues associated with third-party APIs such as lock-in problems, compliance, security concerns, and vendor dependency are expected to impact the growth of the serverless architecture market during the forecast period. On the contrary, continuous increase in adoption of cloud technologies and the emergence of serverless computing in growing IoT landscape are expected to be opportunistic for the global market.

Serverless Architecture Market by Organization Size
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The large enterprises segment dominated the overall serverless architecture market share in 2017, owing to significant adoption of serverless computing among these organizations for different applications such as real-time web applications and data processing. In addition, rise in focus to eliminate server management among large organizations has driven the market growth. However, SMEs are expected to exhibit the highest growth rate during the serverless architecture market forecast period, owing to rise in need for cost-efficient and scalable technology, which can reduce IT and infrastructure costs among these organizations while providing high scalability. 

Serverless Architecture Market by Industry Vertical

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The IT & telecom segment dominated the global serverless architecture market in 2017, owing to rise in adoption of the technology among app developers. Furthermore, numerous benefits offered by it such as high scalability, cost-efficiency, and others boost its adoption among consumers. However, the media & entertainment segment is expected to grow at the highest rate in the near future, due to rise in demand for managing large volume of data & workflows and to ensure efficient broadcasting & improved business outcomes. In addition, several companies are moving toward adoption of this technology to enhance and transform the raw data with rapid speed, high scalability and capabilities to capture, analyze, and deliver large chunks of data of data to their fans.

Serverless Architecture Market by Region

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North America governed the overall serverless architecture market share, in terms of revenue, in 2017, due to well-established cloud industry, growth of the app development market, and significant adoption of serverless architecture for IoT applications. However, Asia-Pacific is expected to witness the highest growth rate during the market forecast period, owing to factors such as increase in IT modernization in well-established telecommunication industries in countries such as China, India, and Japan. In addition, upsurge in adoption of IoT-based devices in countries such as Taiwan & South Korea is expected to provide remunerative opportunities for serverless architecture market expansion during the forecast period.

The report focuses on the growth prospects, restraints, and trends of the global serverless architecture market analysis. Moreover, the study includes the Porter’s five forces analysis of the industry 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 growth of the market.

Segment review

The global serverless architecture market is segmented based on deployment model, organization size, industry vertical, and region. Depending on deployment model, the market is divided into public cloud and private cloud. Based on application, it is segmented into real-time file/stream processing, web application development, IoT backend, and others. On the basis of 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, serverless architecture market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global serverless architecture market include Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Top impacting factors

Rapid rise of the app development market

Increase in demand for useful applications for different platforms such as Android and iOS has created business opportunities for app developers. In addition, rise in number of smartphones, increase in BYOD adoption, surge in number of applications have led to significant growth in demand for app development technologies. For instance, according to the US Bureau of Labor Statistics, the number of developers is expected to increase from 17% to 24% by 2024. With growing demand of applications, the major requirement comes is affordable and budget-friendlier applications along with their rapid development and deployment. Serverless architecture is considered as one of the ideal solutions to build, test, and release cycles inherently agile, thus enhancing developer productivity. In addition, through the serverless approach, developers are able to deliver massively scalable and event-driven applications without any underlying infrastructure issues such as managing servers, storage systems, networking, and others. This helps companies to focus IT labor and time investment into building solutions and products that address core business problems. As a result of aforementioned benefits, large number of companies and their developers are adopting serverless architecture, thus driving the serverless architecture market growth.

Issues associated with third-party APIs

Several issues such as vendor control, vendor lock-in, multitenancy problems, and security & compliance concerns are associated with serverless architectures, due to third-party APIs, and hampers the serverless architecture market. The absence of system control during implementation of APIs has several consequences such as system downtime, loss of functionality, forced API upgrades, unexpected limits, and cost changes. In addition, multitenancy problems have been found in several cloud computing frameworks as serverless architecture can have problems with security, robustness, and performance. Moreover, the dependency of developers on vendors for debugging and monitoring tools is considered a pitfall with serverless architecture, as debugging distributed systems is difficult and requires significant access to amount of relevant metrics to identify the root problem. Moreover, lock-in issues in switching from one vendor’s serverless offering to another’s require significant time and efforts. Furthermore, security concerns in multiple customers sharing the same serverless architecture are affecting the adoption of serverless architecture. All these complex issues create the ambiguity in customers toward the use of this technology, thus restraining the serverless architecture market growth.

Emergence of serverless architecture 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. Serverless computing can be used to run batch processing, access external APIs?, and route data through just HTTP request from user’s device, which reduces the load from hardware. All these applications are considered as major serverless architecture market opportunity.

Key Benefits for Serverless Architecture Market:

  • This study includes the analytical depiction of the global serverless architecture market trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current serverless architecture market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the serverless architecture industry.

Serverless Architecture Market Key Segments:

By Deployment Model

  • Private Cloud
  • Public Cloud 

By Application

  • Real-time file/stream processing
  • Web Application Development
  • IoT Backend
  • Others 

By Organization Size

  • Large Enterprises
  • SMEs

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
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players:

  • Alibaba Group
  • Amazon Web Services
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Platform9 Systems, Inc.
  • Rackspace Inc. 
  • Tibco Software 
  • Twilio
 

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

CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key forces shaping Serverless Architecture Market

3.2.1.    Moderate-to-high bargaining power of suppliers
3.2.2.    Moderate bargaining power of buyers
3.2.3.    Moderate-to-high threat of substitutes
3.2.4.    Moderate-to-high threat of new entrants
3.2.5.    High competitive rivalry

3.3.    Case studies
3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

CHAPTER 4:    SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL

4.1.    Overview
4.2.    Public Cloud

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.    Private Cloud

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:    SERVERLESS ARCHITECTURE MARKET, BY APPLICATION

5.1.    Overview
5.2.    Real-time file/stream processing

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.    Web Application Development

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.    IoT Backend

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

5.5.    Others

5.5.1.    Key market trends, growth factors, and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market analysis, by country

CHAPTER 6:    SERVERLESS ARCHITECTURE 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:    SERVERLESS ARCHITECTURE 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:    SERVERLESS ARCHITECTURE 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

8.2.2.1.    Market size and forecast, by Deployment Model
8.2.2.2.    Market size and forecast, by Application
8.2.2.3.    Market size and forecast, by organization size
8.2.2.4.    Market size and forecast, by industry vertical
8.2.2.5.    Market size and forecast, by country
8.2.2.6.    U.S.

8.2.2.6.1.    Market size and forecast, by Deployment Model
8.2.2.6.2.    Market size and forecast, by Application
8.2.2.6.3.    Market size and forecast, by organization size
8.2.2.6.4.    Market size and forecast, by industry vertical

8.2.2.7.    Canada

8.2.2.7.1.    Market size and forecast, by Deployment Model
8.2.2.7.2.    Market size and forecast, by Application
8.2.2.7.3.    Market size and forecast, by organization size
8.2.2.7.4.    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

8.3.2.1.    Market size and forecast, by Deployment Model
8.3.2.2.    Market size and forecast, by Application
8.3.2.3.    Market size and forecast, by organization size
8.3.2.4.    Market size and forecast, by industry vertical
8.3.2.5.    Market size and forecast, by country
8.3.2.6.    UK

8.3.2.6.1.    Market size and forecast, by Deployment Model
8.3.2.6.2.    Market size and forecast, by Application
8.3.2.6.3.    Market size and forecast, by organization size
8.3.2.6.4.    Market size and forecast, by industry vertical

8.3.2.7.    Germany

8.3.2.7.1.    Market size and forecast, by Deployment Model
8.3.2.7.2.    Market size and forecast, by Application
8.3.2.7.3.    Market size and forecast, by organization size
8.3.2.7.4.    Market size and forecast, by industry vertical

8.3.2.8.    France

8.3.2.8.1.    Market size and forecast, by Deployment Model
8.3.2.8.2.    Market size and forecast, by Application
8.3.2.8.3.    Market size and forecast, by organization size
8.3.2.8.4.    Market size and forecast, by industry vertical

8.3.2.9.    Italy

8.3.2.9.1.    Market size and forecast, by Deployment Model
8.3.2.9.2.    Market size and forecast, by Application
8.3.2.9.3.    Market size and forecast, by organization size
8.3.2.9.4.    Market size and forecast, by industry vertical

8.3.2.10.    Rest of Europe

8.3.2.10.1. Market size and forecast, by Deployment Model
8.3.2.10.2. Market size and forecast, by Application
8.3.2.10.3. Market size and forecast, by organization size
8.3.2.10.4. 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

8.4.2.1.    Market size and forecast, by Deployment Model
8.4.2.2.    Market size and forecast, by Application
8.4.2.3.    Market size and forecast, by organization size
8.4.2.4.    Market size and forecast, by industry vertical
8.4.2.5.    Market size and forecast, by country
8.4.2.6.    China

8.4.2.6.1.    Market size and forecast, by Deployment Model
8.4.2.6.2.    Market size and forecast, by Application
8.4.2.6.3.    Market size and forecast, by organization size
8.4.2.6.4.    Market size and forecast, by industry vertical

8.4.2.7.    India

8.4.2.7.1.    Market size and forecast, by Deployment Model
8.4.2.7.2.    Market size and forecast, by Application
8.4.2.7.3.    Market size and forecast, by organization size
8.4.2.7.4.    Market size and forecast, by industry vertical

8.4.2.8.    Japan

8.4.2.8.1.    Market size and forecast, by Deployment Model
8.4.2.8.2.    Market size and forecast, by Application
8.4.2.8.3.    Market size and forecast, by organization size
8.4.2.8.4.    Market size and forecast, by industry vertical

8.4.2.9.    South Korea

8.4.2.9.1.    Market size and forecast, by Deployment Model
8.4.2.9.2.    Market size and forecast, by Application
8.4.2.9.3.    Market size and forecast, by organization size
8.4.2.9.4.    Market size and forecast, by industry vertical

8.4.2.10.    Rest of Asia-Pacific

8.4.2.10.1. Market size and forecast, by Deployment Model
8.4.2.10.2. Market size and forecast, by Application
8.4.2.10.3. Market size and forecast, by organization size
8.4.2.10.4. 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

8.5.2.1.    Market size and forecast, by Deployment Model
8.5.2.2.    Market size and forecast, by Application
8.5.2.3.    Market size and forecast, by organization size
8.5.2.4.    Market size and forecast, by industry vertical
8.5.2.5.    Market size and forecast, by country
8.5.2.6.    Latin America

8.5.2.6.1.    Market size and forecast, by Deployment Model
8.5.2.6.2.    Market size and forecast, by Application
8.5.2.6.3.    Market size and forecast, by organization size
8.5.2.6.4.    Market size and forecast, by industry vertical

8.5.2.7.    Middle East

8.5.2.7.1.    Market size and forecast, by Deployment Model
8.5.2.7.2.    Market size and forecast, by Application
8.5.2.7.3.    Market size and forecast, by organization size
8.5.2.7.4.    Market size and forecast, by industry vertical

8.5.2.8.    Africa

8.5.2.8.1.    Market size and forecast, by Deployment Model
8.5.2.8.2.    Market size and forecast, by Application
8.5.2.8.3.    Market size and forecast, by organization size
8.5.2.8.4.    Market size and forecast, by industry vertical

CHAPTER 9:    COMPETITIVE LANDSCAPE

9.1.    INTRODUCTION

9.1.1.    MARKET PLAYER POSITIONING, 2017

9.2.    TOP WINNING STRATEGIES

9.2.1.    Top winning strategies, by year
9.2.2.    Top winning strategies, by development
9.2.3.    Top winning strategies, by company

CHAPTER 10:    COMPANY PROFILES

10.1.    Alibaba Group

10.1.1.    Company overview
10.1.2.    Key Executives
10.1.3.    Company snapshot
10.1.4.    Product portfolio
10.1.5.    Key strategic moves and developments

10.2.    Amazon Web Services

10.2.1.    Company overview
10.2.2.    Key Executives
10.2.3.    Company snapshot
10.2.4.    Product portfolio
10.2.5.    R&D Expenditure
10.2.6.    Business performance
10.2.7.    Key strategic moves and developments

10.3.    Google LLC

10.3.1.    Company overview
10.3.2.    Key Executives
10.3.3.    Company snapshot
10.3.4.    Operating business segments
10.3.5.    Product portfolio
10.3.6.    Business performance
10.3.7.    Key strategic moves and developments

10.4.    IBM Corporation

10.4.1.    Company overview
10.4.2.    Key Executives
10.4.3.    Company snapshot
10.4.4.    Product portfolio
10.4.5.    Key strategic moves and developments

10.5.    Microsoft Corporation

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

10.6.    Oracle 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.    Platform9 Systems, Inc.

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

10.8.    Rackspace Inc.

10.8.1.    Company overview
10.8.2.    Key Executives
10.8.3.    Company snapshot
10.8.4.    Product portfolio
10.8.5.    R&D Expenditure
10.8.6.    Business performance
10.8.7.    Key strategic moves and developments

10.9.    Tibco Software

10.9.1.    Company overview
10.9.2.    Key Executives
10.9.3.    Company snapshot
10.9.4.    Product portfolio
10.9.5.    Key strategic moves and developments

10.10.    Twilio

10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Product portfolio
10.10.5. R&D Expenditure
10.10.6. Business performance
10.10.7. Key strategic moves and developments

LIST OF TABLES

TABLE 01.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 02.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR PUBLIC CLOUD, BY REGION, 2017–2025 ($MILLION)
TABLE 03.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR PRIVATE CLOUD, BY REGION, 2017–2025 ($MILLION)
TABLE 04.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 05.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR REAL-TIME FILE/STREAM PROCESSING, BY REGION, 2017–2025 ($MILLION)
TABLE 06.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR WEB APPLICATION DEVELOPMENT, BY REGION, 2017–2025 ($MILLION)
TABLE 07.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR IOT BACKEND, BY REGION, 2017–2025 ($MILLION)
TABLE 08.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR OTHERS, BY REGION, 2017–2025 ($MILLION)
TABLE 09.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 10.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR LARGE ENTERPRISES, BY REGION, 2017–2025 ($MILLION)
TABLE 11.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR SMES, BY REGION, 2017–2025 ($MILLION)
TABLE 12.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 13.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR BFSI, BY REGION, 2017–2025 ($MILLION)
TABLE 14.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR IT & TELECOM, BY REGION, 2017–2025 ($MILLION)
TABLE 15.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR HEALTHCARE, BY REGION, 2017–2025 ($MILLION)
TABLE 16.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR MANUFACTURING, BY REGION, 2017–2025 ($MILLION)
TABLE 17.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION, 2017–2025 ($MILLION)
TABLE 18.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR PUBLIC SECTOR, BY REGION, 2017–2025 ($MILLION)
TABLE 19.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR RETAIL & E-COMMERCE, BY REGION, 2017–2025 ($MILLION)
TABLE 20.    SERVERLESS ARCHITECTURE MARKET REVENUE FOR OTHERS, BY REGION, 2017–2025 ($MILLION)
TABLE 21.    SERVERLESS ARCHITECTURE MARKET REVENUE, BY REGION, 2017–2025 ($MILLION)
TABLE 22.    NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 23.    NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 24.    NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 25.    NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 26.    NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 27.    U.S. SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 28.    U.S. SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 29.    U.S. SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 30.    U.S. SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 31.    CANADA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 32.    CANADA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 33.    CANADA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 34.    CANADA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 35.    EUROPE SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 36.    EUROPE SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 37.    EUROPE SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 38.    EUROPE SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 39.    EUROPE SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 40.    UK SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 41.    UK SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 42.    UK SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 43.    UK SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 44.    GERMANY SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 45.    GERMANY SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 46.    GERMANY SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 47.    GERMANY SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 48.    FRANCE SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 49.    FRANCE SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 50.    FRANCE SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 51.    FRANCE SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 52.    ITALY SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 53.    ITALY SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 54.    ITALY SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 55.    ITALY SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 56.    REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 57.    REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 58.    REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 59.    REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 60.    ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 61.    ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 62.    ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 63.    ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 64.    ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 65.    CHINA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 66.    CHINA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 67.    CHINA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 68.    CHINA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 69.    INDIA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 70.    INDIA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 71.    INDIA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 72.    INDIA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 73.    JAPAN SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 74.    JAPAN SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 75.    JAPAN SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 76.    JAPAN SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 77.    SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 78.    SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 79.    SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 80.    SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 81.    REST OF ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 82.    REST OF ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 83.    REST OF ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 84.    REST OF ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 85.    LAMEA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 86.    LAMEA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 87.    LAMEA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 88.    LAMEA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 89.    LAMEA SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 90.    LATIN AMERICA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 91.    CANADA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 92.    LATIN AMERICA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 93.    LATIN AMERICA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 94.    MIDDLE EAST SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 95.    MIDDLE EAST SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 96.    MIDDLE EAST SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 97.    MIDDLE EAST SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 98.    AFRICA SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
TABLE 99.    AFRICA SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 100.    AFRICA SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2017–2025 ($MILLION)
TABLE 101.    AFRICA SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2017–2025 ($MILLION)
TABLE 102.    ALIBABA GROUP: COMPANY SNAPSHOT
TABLE 103.    ALIBABA GROUP: PRODUCT PORTFOLIO
TABLE 104.    AMAZON WEB SERVICES: COMPANY SNAPSHOT
TABLE 105.    AMAZON WEB SERVICES: PRODUCT PORTFOLIO
TABLE 106.    GOOGLE LLC: COMPANY SNAPSHOT
TABLE 107.    GOOGLE LLC: OPERATING SEGMENTS
TABLE 108.    GOOGLE LLC: PRODUCT PORTFOLIO
TABLE 109.    IBM CORPORATION: COMPANY SNAPSHOT
TABLE 110.    IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 111.    FORTINET, INC.: COMPANY SNAPSHOT
TABLE 112.    FORTINET, INC.: PRODUCT PORTFOLIO
TABLE 113.    ORACLE CORPORATION: COMPANY SNAPSHOT
TABLE 114.    ORACLE CORPORATION: OPERATING SEGMENTS
TABLE 115.    ORACLE CORPORATION., LTD.: PRODUCT PORTFOLIO
TABLE 116.    PLATFORM9 SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 117.    PLATFORM9 SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 118.    PALO ALTO NETWORKS, INC.: COMPANY SNAPSHOT
TABLE 119.    PALO ALTO NETWORKS, INC.: PRODUCT PORTFOLIO
TABLE 120.    TIBCO SOFTWARE : COMPANY SNAPSHOT
TABLE 121.    TIBCO SOFTWARE : PRODUCT PORTFOLIO
TABLE 122.    TWILIO: COMPANY SNAPSHOT
TABLE 123.    TWILIO: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    GLOBAL SERVERLESS ARCHITECTURE MARKET, 2017–2025
FIGURE 03.    SERVERLESS ARCHITECTURE MARKET, BY REGION, 2017–2025
FIGURE 04.    GLOBAL SERVERLESS ARCHITECTURE MARKET: KEY PLAYERS
FIGURE 05.    TOP IMPACTING FACTORS
FIGURE 06.    TOP INVESTMENT POCKETS
FIGURE 07.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY DEPLOYMENT MODEL, 2017–2025 ($MILLION)
FIGURE 08.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR PUBLIC CLOUD, BY COUNTRY, 2017 & 2025(%)
FIGURE 09.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR PRIVATE CLOUD, BY COUNTRY, 2017 & 2025(%)
FIGURE 10.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY APPLICATION, 2017–2025($MILLION)
FIGURE 11.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR REAL-TIME FILE/STREAM PROCESSING, BY COUNTRY, 2017 & 2025(%)
FIGURE 12.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR WEB APPLICATION DEVELOPMENT, BY COUNTRY, 2017 & 2025(%)
FIGURE 13.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR IOT BACKEND, BY COUNTRY, 2017 & 2025(%)
FIGURE 14.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025(%)
FIGURE 15.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY ORGANIZATION SIZE, 2017–2025($MILLION)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR LARGE ENTERPRISES , BY COUNTRY, 2017 & 2025(%)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR SMES, BY COUNTRY, 2017 & 2025(%)
FIGURE 18.    GLOBAL SERVERLESS ARCHITECTURE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017–2025($MILLION)
FIGURE 19.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR BFSI, BY COUNTRY, 2017 & 2025(%)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR IT & TELECOM, BY COUNTRY, 2017 & 2025(%)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR HEALTHCARE, BY COUNTRY, 2017 & 2025(%)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR MANUFACTUIRNG, BY COUNTRY, 2017 & 2025(%)
FIGURE 23.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2017 & 2025(%)
FIGURE 24.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR PUBLIC SECTOR, BY COUNTRY, 2017 & 2025(%)
FIGURE 25.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR RETAIL & E-COMMERCE, BY COUNTRY, 2017 & 2025(%)
FIGURE 26.    COMPARATIVE SHARE ANALYSIS OF SERVERLESS ARCHITECTURE MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025(%)
FIGURE 27.    U.S. SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 28.    CANADA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 29.    UK SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 30.    GERMANY SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 31.    FRANCE SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 32.    ITALY SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 33.    REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 34.    CHINA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 35.    INDIA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 36.    JAPAN SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 37.    SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 38.    REST OF ASIA-PACIFIC SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 39.    LATIN AMERICA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 40.    MIDDLE EAST SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 41.    AFRICA SERVERLESS ARCHITECTURE MARKET, 2017–2025 ($MILLION)
FIGURE 42.    MARKET PLAYER POSITIONING, 2017
FIGURE 43.    TOP WTOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 44.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015–2019* (%)
FIGURE 45.    TOP WINNING STRATEGIES, BY COMPANY, 2015–2018
FIGURE 46.    KEY EXECUTIVES
FIGURE 47.    AMAZON WEB SERVICES: KEY EXECUTIVES
FIGURE 48.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 49.    AMAZON WEB SERVICES: REVENUE, 2016–2018 ($MILLION)
FIGURE 50.    AMAZON WEB SERVICES: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 51.    GOOGLE LLC: KEY EXECUTIVES
FIGURE 52.    GOOGLE LLC: REVENUE, 2015–2017 ($MILLION)
FIGURE 53.    GOOGLE LLC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54.    GOOGLE LLC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.    IBM CORPORATION; KEY EXECUTIVES
FIGURE 56.    FORTINET, INC.: KEY EXECUTIVES
FIGURE 57.    R&D EXPENDITURE, 2016–2017 ($MILLION)
FIGURE 58.    FORTINET, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.    FORTINET, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 60.    ORACLE CORPORATION: KEY EXECUTIVES
FIGURE 61.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 62.    ORACLE CORPORATION., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 63.    ORACLE CORPORATION, LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 64.    ORACLE CORPORATION, LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 65.    PLATFORM9 SYSTEMS, INC.: KEY EXECUTIVES
FIGURE 66.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 67.    PLATFORM9 SYSTEMS, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 68.    PLATFORM9 SYSTEMS, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 69.    PALO ALTO NETWORKS, INC.: KEY EXECUTIVES
FIGURE 70.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 71.    PALO ALTO NETWORKS, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 72.    PALO ALTO NETWORKS, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 73.    TIBCO SOFTWARE : KEY EXECUTIVES
FIGURE 74.    TWILIO: KEY EXECUTIVES
FIGURE 75.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 76.    TWILIO: REVENUE, 2016–2018 ($MILLION)
FIGURE 77.    TWILIO: REVENUE SHARE BY REGION, 2018 (%)


 

 
 

Serverless computing refers to an execution model where the cloud provider is responsible to maintain execution of applications through dynamic allocation of the resources. The architecture is completely based on pay-as-you-go, model as the charging is done on the basis of amount of resources used to run the code. This technology is highly scalable and reduces the server management burden from the developers, which are the major factors that have been driving its adoption among developers. The significant growth of app development market and rise in shift from DevOps to serverless architecture contribute toward the market growth. However, certain third-party issues associated with serverless architecture such as compliance concerns, vendor dependency, lock-in & security problems, and architectural complexities are the factors that majorly hinder the growth of the market. On the contrary, emergence of serverless architecture applications in growing IoT landscape and upsurge in adoption of cloud infrastructure are expected to be opportunistic for the market.

The serverless architecture market is consolidated with the presence of key vendors such as Amazon Web Services, Microsoft Corporation, IBM Corporation, and others that constitute large share. North America and Europe are the major shareholders of serverless architecture 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 application development market in the developing countries such as China, India, and others. Some of the key players profiled in the report include Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

 

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