Global Serverless Cloud Market by Type (Backend-as-a-Service, Function-as-a-Service), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global serverless cloud market is expected to grow at a CAGR of 33.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for cloud-based services, growing trend of Bring Your Own Device (BYOD), and rising need for agility and scalability in businesses. The backend-as-a-service segment is expected to hold the largest share of the global serverless cloud market in 2018, owing to its ability to provide enterprises with a more efficient way to manage their applications and data. The function-as-a service segment is projected grow at a higher CAGR during the forecast period, as it offers several benefits such as improved efficiency, faster time-tomarket, and reduced costs over traditional application development models. Regionally, North America is expected hold the largest share of the global serverless cloud market in 2018 followed by Europe and Asia Pacific respectively.



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Product Definition:

Serverless cloud is a cloud computing model in which the user does not have to manage or provision servers. Instead, the provider manages and provisions the servers on behalf of the user. The importance of serverless clouds lies in their ability to scale seamlessly and handle sudden spikes in demand with little or no interruption to service.

Backend-as-a-Service:

Backend-as-a-Service (BaaS) is an architectural style in which the backend processes are run without any intervention from the developer. The BaaS model offers several benefits such as faster time to market, reduced maintenance efforts, and low operational cost among others. In addition, it also helps developers to focus on frontend activities that require more expertise and higher pay rates.

Function-as-a-Service:

In the current IT world, there is a growing trend of moving towards service-oriented architecture (SOA). A major benefit of this approach is that it helps in reducing the time to market for new products and services. The concept of function-as-a-service (FaaS) has been gaining significant traction among developers over the past few years. It allows developers to leverage cloud infrastructure without managing servers, storage devices or networking components.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017 and is expected to continue leading over the forecast period. The growing demand for cloud computing among large enterprises to reduce costs while improving performance efficiency is anticipated to drive this segment over the forecast period.

Function-as-a-service (FAAS) has gained significant traction among small and medium-sized businesses (SMBs). SMBs are increasingly adopting serverless architecture, wherein they can focus on their core business without having to worry about infrastructure or servers. With serverless architecture, there are no additional costs incurred on maintaining an underlying infrastructure; everything is done through virtual machines running on a cloud provider¢â‚¬â„¢s servers. This makes it easy for even small businesses with limited IT resources to deploy applications and gain operational efficiencies quickly with minimum effort.

Regional Analysis:

North America dominated the global serverless cloud market in 2017. North America is home to several large enterprises and SMEs that are increasingly adopting cloud-based solutions for various business needs. The region’s growth can also be attributed to the presence of a robust service provider eco-system, which has enabled businesses to adopt these technologies faster. Moreover, North America is one of the early adopters of new technologies across all industries; this trend will continue over the forecast period, thereby driving regional growth.

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from small and medium enterprises (SMEs). These SMEs find it cost-effective and easier than having a dedicated virtual machine or container instance for each use case as well as application type since they can now offload certain tasks/applications from their primary infrastructure components such as servers or laptops into serverless clouds with minimal effort required on part of users at any given time.

Growth Factors:

Increased demand for agility and faster time-to-market from businesses seeking to remain competitive.
The need for greater scalability to handle unpredictable spikes in traffic or data volume.
Growing popularity of microservices architectures, which are well suited for deployment on a serverless platform.
Shift from CAPEX to OPEX spending model as businesses move away from traditional infrastructure investments towards pay-as-you-go services


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Scope Of The Report
Report Attributes
Report Details
Report Title
Serverless Cloud Market Research Report
By Type
Backend-as-a-Service, Function-as-a-Service
By Application
Large Enterprises, SMEs
By Companies
Cloudflare, Google, Amazon, Red Hat, Microsoft, Alibaba, Tencent, Huawei, Dell, IBM, Lightbend
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.

Global Serverless Cloud Market Report Segments:
The global Serverless Cloud market is segmented on the basis of:
Types
Backend-as-a-Service, Function-as-a-Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Cloudflare
Google
Amazon
Red Hat
Microsoft
Alibaba
Tencent
Huawei
Dell
IBM
Lightbend



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Highlights of The Serverless Cloud Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Backend-as-a-Service
Function-as-a-Service
By Application:
Large Enterprises
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Serverless Cloud Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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