"Catapult Your Business to Fore, Gain Competitive Advantage "
Serverless computing also known as function as a service (FaaS) is a cloud infrastructure that manages all the server operations and maintenance. Cloud-based services such as Azure Functions, Google Cloud Functions, and AWS Lambda enable developers to focus on core application development logic rather than managing server infrastructure. Serverless computing architecture becomes favorable in the industry due to its capability to increase agility and scalability. Capabilities to eliminate infrastructure management tasks, operating system maintenance, capacity provisioning, and patching are expected to drive the serverless computing market growth. In the market, cloud-based microservice architecture is expected to see a large adoption as compared to an on-premise serverless computing model. The popularity of a consistent model of serverless computing is growing daily which is expected to contribute to the growth of the market. As the architecture reduces set up cost and maintenance cost with shifting of responsibilities of managing database and server support rapid adoption of serverless computing. Although, unconditional node deployment and built-in scalability thereby augmenting the serverless computing market. Most of the key players are focussing on the development of offering by adopting advanced technologies to reduce time is expected to fuelling the serverless computing market growth.
Key Market Driver -
• Elimination of the need to manage servers • Reduced complexity and infrastructure costs
Key Market Restraint -
• Security and compliance issues
The key players are enhancing their serverless computing offerings by adopting advanced technologies to stay ahead in the market position. With the rapid technological development in the business environment, companies are launching new product infrastructure and features to meet growing customer expectations. Start-up firms and small and medium organizations are seen as adopting serverless technology to achieve business value in minimum time, thereby propelling market growth. Moreover, strategic partnerships and collaborations by key players expand their business and product offerings, thereby flourishing the serverless computing market.
Other Key companies summarised include Microsoft Corporation, Amazon Web Services, Inc., Google LLC., Firebase, Alibaba Group, IBM Corporation, Oracle Corporation, Platform9 Systems, Inc., and Rackspace Inc. among others.
Rapidly increasing adoption of cloud-based applications makes opportunities for serverless computing to grow. Also, the digitalization of business contributing to offer opportunities for market growth in the upcoming years. However, the architectural complexity of the system may become a challenge for the market to grow in the future.
Presence of prominent market players within the region and rapid technological advancement expected to drive the serverless computing market in North America. Although, presence of a large server user base in the industries such as IT & Telecom, BFSI, retail, healthcare and, manufacturing expected to dominate the market across the region. Europe is expected to drive the serverless computing market as the adoption of cloud-based services is seen to be larger across the region. further, technologically advanced countries such as the U.K., Germany, France are leading in the digitalization, offer an opportunity for market growth. A large number of small, medium, and start-up firms in the Asia Pacific are anticipated to representing high growth rate serverless computing in the Asia Pacific. The Middle East and Africa will expect to showcase a slow growth rate of the serverless computing market.
To gain extensive insights into the market, Request for Customization
By Enterprise Size
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry