Global Serverless Computing Market by Type (Private Cloud, Public Cloud), By Application (BFSI, Telecommunications and IT, Retail and E-commerce, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global serverless computing market is expected to grow from USD 2.14 Billion in 2018 to USD 11.96 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 28.5% during the forecast period. The growth of the serverless computing market can be attributed to the increasing demand for cloud-based services, growing need for agility and scalability in businesses, and rising trend of Bring Your Own Device (BYOD). The private cloud segment is expected to hold the largest share of the global serverless computing market in 2018. The large share of this segment can be attributed to factors such as increased flexibility and control over data security offered by private clouds, along with low Total Cost of Ownership (TCO) compared with public clouds. The BFSI sector is expected to account for the largest share of the global serverless computing market in 2018. This growth can be attributed to factors such as increasing adoption rateof cloud-based services by banks and financial institutions due totemporary IT infrastructure needsandthe need for agility and scalabilityin business operations .



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Product Definition:

Serverless computing is a cloud-based model of computing where the provider (in this case, AWS) manages and scales the infrastructure required to run your application. You simply upload your code and specify what triggers (events) should cause it to run. Serverless applications are composed of functions that are triggered by events. These functions can be written in any language that can be executed on AWS Lambda, such as Node.js, Java, Python or C#.

Private Cloud:

Private cloud is a term used to define a set of services that are provided by an organization's own data center and is accessible only to authorized users. It can be used synonymously with the term "serverless computing", however, it has different characteristics from SSC. A private cloud provides greater security as compared to public clouds and also offers more customization options for its applications.

Public Cloud:

Public cloud is a group of services that make up the core infrastructure for enterprises. It provides shared resources and software environment over the internet which can be used by multiple users simultaneously. The major advantage of public cloud computing is that it offers greater operational flexibility, scalability, and cost-effectiveness to organizations as compared to traditional on-premise solutions.

Application Insights:

The serverless computing market is categorized based on applications into Banking, Financial Services, and Insurance (BFSI), telecommunications and IT, retail and e-commerce, healthcare and life sciences, government and public sector, manufacturing. The BFSI segment accounted for the largest market share in 2017 owing to the need for cost-effective solutions that offer high scalability with minimal management overhead. The segment is also anticipated to register a significant growth rate over the forecast period as serverless computing enables real-time data processing without requiring a local installation or infrastructure.

Telecommunications & IT is expected to emerge as one of the fastest growing segments over the forecast period owing to increasing demand from emerging economies such as China India Brazil etc., which are majorly driven by their rapidly growing internet population along with increased cloud adoption across all industry verticals driving down overall TCO making it an attractive option for service providers globally.

Regional Analysis:

North America dominated the global serverless computing market in 2017. North America has been witnessing continuous digital transformation and an increasing number of cloud-based services. The growing adoption of IoT, AI, and machine learning is expected to drive the demand for serverless computing solutions in this region over the forecast period. Moreover, a significant reduction in IT costs due to automation is anticipated to propel regional growth over the next eight years.

Asia Pacific is projected to emerge as one of the most lucrative regions during the forecast period owing to several initiatives taken up by governments across various countries including China and India for developing their respective economies through innovation instead of imitation (DII). Furthermore, these governments are encouraging companies based out their through tax benefits such as income tax holiday or investment incentives etc.

Growth Factors:

Increased demand for faster and more efficient application development and deployment.
Growing popularity of microservices architecture that can be easily deployed on serverless platforms.
The need to reduce operational costs and improve scalability by moving away from traditional infrastructure-based solutions.
Proliferation of cloud-based services and the increasing demand for on-demand access to computing resources.
Emergence of new use cases such as the Internet of Things (IoT) that are well suited for deployment on serverless platforms


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Scope Of The Report
Report Attributes
Report Details
Report Title
Serverless Computing Market Research Report
By Type
Private Cloud, Public Cloud
By Application
BFSI, Telecommunications and IT, Retail and E-commerce, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others
By Companies
Amazon Web Services (AWS), Google, IBM, Microsoft, Oracle, Broadcom, Rackspace, Alibaba, Tibco Software, Platform9, Syncano, NTT Data, Joyent, Iron.io, Stdlib, Realm, Galactic Fog Ip Inc, Modubiz, Tarams Software Technologies, Snyk, Dynatrace, Fiorano Software, Manjrasoft, Sixsq, Twistlock
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.

Global Serverless Computing Market Report Segments:
The global Serverless Computing market is segmented on the basis of:
Types
Private Cloud, Public Cloud
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
BFSI, Telecommunications and IT, Retail and E-commerce, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others
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:
Amazon Web Services (AWS)
Google
IBM
Microsoft
Oracle
Broadcom
Rackspace
Alibaba
Tibco Software
Platform9
Syncano
NTT Data
Joyent
Iron.io
Stdlib
Realm
Galactic Fog Ip Inc
Modubiz
Tarams Software Technologies
Snyk
Dynatrace
Fiorano Software
Manjrasoft
Sixsq
Twistlock



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Highlights of The Serverless Computing 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:
Private Cloud
Public Cloud
By Application:
BFSI
Telecommunications and IT
Retail and E-commerce
Healthcare and Life Sciences
Government and Public Sector
Manufacturing
Media and Entertainment
Others
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 Computing 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
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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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