Serverless Architecture Market, Top Companies Analysis To Grow Your Business in 2030 | Oracle, Google, IBM, Microsoft

Serverless Architecture Market

Global serverless architecture market will report double digit CAGR during the forecast period.

PORTLAND, PORTLAND, OR, UNITED STATE, February 23, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global serverless architecture market was estimated at $3.01 billion in 2017 and is expected to hit $21.99 billion by 2025, registering a CAGR of 27.8% from 2018 to 2025.

Surge in a number of smartphones, increase in BYOD adoption, rise in number of applications, growing shift from DevOps to serverless computing, and rising need to eliminate server management challenges have led to significant growth of the global serverless architecture market.

However, issues associated with third-party APIs restrict the market growth. On the other hand, the emergence of serverless architecture applications in growing IoT landscape and growing cloud infrastructure services market would provide lucrative opportunities for the serverless architecture market.

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The effects of COVID-19 are having a considerable impact on the technology sector, acting on raw materials supply, disturbing the electronics value chain, and triggering an escalatory risk on products. However, this interference and obstruction has instigated a stimulation for remote working, and a rapid focus on assessing the end-to-end value chain.

The key market players analyzed in the global serverless architecture market report include Amazon Web Services, Twilio, Oracle Corporation,Google LLC, Tibco Software, IBM Corporation, Alibaba Group, Microsoft Corporation, Platform9 Systems, Inc., and Rackspace Inc. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their stand in the industry.

Based on the deployment model, the public cloud segment contributed to nearly three-fourths of the total market revenue in 2017, and is anticipated to rule the roost by the end of 2025. The private cloud segment, on the other hand, is projected to manifest the fastest CAGR of 30.0% throughout the forecast period.

By application, the web application development segment accounted for nearly half of the global market share in the year 2017, and is expected to dominate during the study period. At the same time, the IoT backend segment would portray the CAGR of 31.7% till 2025.

By geography, North America held the lion’s share in 2017 and is anticipated to lead the trail from 2018 to 2025. Simultaneously, Asia-Pacific would showcase at the fastest CAGR of 31.0% during the period. The report also analyzes the market across Europe and LAMEA.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

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