North America to dominate the Serverless Architecture Market through 2026
Growing IT & Telecom
sector and rapid app development is expected to drive the demand for global serverless
architecture market in forecast period.
According to TechSci Research report, “Global Serverless Architecture Market By Type (Automation & Integration
Services, Monitoring Services, API Management Services, Security, and Support
& Maintenance) By Deployment Model (Public Cloud, and Private Cloud) By
Organization Size (Small & Medium-Sized Enterprises, and Large Enterprises)
By End User (Telecommunications & IT, Retail & Ecommerce, Healthcare,
Manufacturing, Media & Entertainment and Others), By Region, Company
Forecast & Opportunities, 2026”, The global serverless architecture
market is expected to witness significant growth for the next five years.
Adoption of the serverless architecture is cost-effective which is considered
the driving factor for the growth of the market. These take less computing
power and human resources which lowers the maintenance cost of the servers.
Organizations hosting the data center or have their servers have to
continuously keep their own which consumes a lot of power. Serverless
architecture can be used on-demand thereby reducing power consumption.
Continuous rise in the adoption of cloud technology coupled with the use of
serverless computing in IoT technology is expected to boost the growth of the
serverless architecture market growth in the next five years.
However, security concerns and compliance issues may
restrain the growth of the serverless architecture market.
Browse XX Figures spread through XX Pages and an
in-depth TOC on "Global Serverless Architecture Market”.
Global
serverless architecture market is segmented into type, deployment model,
organization size, end user, regional distribution, and company. Based on
organization size, the market can be divided into small & medium-sized
enterprises and large enterprises. The large enterprises segment is expected to
hold a major market share in the forecast period, 2022-2026. The rise in demand
for cloud automation services and technology is fueling the demand for
serverless architecture in large organizations. Large organizations have the
capacity and the funds to invest heavily in the adoption of advanced
technologies and services, thereby are expected to accelerate the serverless
architecture market growth. The heavy investment from large organizations to
optimize infrastructural costs and improve the overall workflow is expected to
contribute to the serverless architecture market growth. Based on type, the
market can be divided into automation & integration services, monitoring
services, API management services, security, and support & maintenance. The
monitoring services type segment is expected to witness substantial growth in
the forecast period. Monitoring is essential to provide protection and
stability to the operation process. Tracking system alerts of failures begore
impacting the clients and in the serverless architecture system, the need to
monitor and find the blind spot is crucial for smooth functioning of the system.
Monitoring services use load balancers, containers, third-party providers, and
disconnected hosts to help improve the efficiency and accuracy of the tracking
system. Based on the deployment model, the market can be bifurcated into public
cloud and private cloud. The public cloud segment is expected to dominate the
serverless architecture market in the forecast period. Public cloud is defined
as the cloud computing model in which the information is accessible to multiple
users through the internet. The public cloud services can be offered free of
cost or pay-per-use model depending upon the requirements of the end-user. The
high adoption of public cloud by the organizations owing to the several
benefits offered by the public cloud technology such as scalability,
flexibility, and the facility for remote location access.
Alibaba
Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation,
Platform9 Systems, Inc., Rackspace Inc., Tibco Software, Twilio are the leading
players operating in global serverless architecture market. Service Providers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several serverless architecture providers are coming
up with their technologically advanced offerings.
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“The
growing IT & Telecom sector is expected to hold a significant share in the
serverless architecture market growth. The use of serverless architecture in
the IT sector aids in providing optimization of the distributed computing and
eliminates the maintenance expenses and the need for operating the system manually.
Serverless architecture system provides the auto-scaling facility in the case
of variable and heavy workloads. The combination of serverless architecture and
big data analytics in the field of the healthcare industry, e-commerce, and
retail can aid in real-time monitoring and advanced analytics to get improved
results and higher efficiency which is expected to boost the serverless
architecture market growth till 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Serverless
Architecture Market By Type (Automation & Integration Services, Monitoring
Services, API Management Services, Security, and Support & Maintenance) By
Deployment Model (Public Cloud, and Private Cloud) By Organization Size (Small
& Medium-Sized Enterprises, and Large Enterprises) By End User
(Telecommunications & IT, Retail & Ecommerce, Healthcare,
Manufacturing, Media & Entertainment and Others), By Region, Company
Forecast & Opportunities, 2026” has
evaluated the future growth potential of global serverless architecture market
and provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global serverless
architecture market.
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