Inkwood research estimates that the market for serverless architecture will grow with an expected CAGR of 24.57% during the forecast period & will generate revenue of $28764 million by 2027. The base year considered for the market study is 2018 & the forecasted period is between 2019-2027. Serverless architecture or serverless computing is used because the entity which owns the system does not have to buy or rent servers to run the back-end code. Serverless architecture helps in establishing and executing applications without the need for infrastructure management. As applications will be executed on servers of hosts like AWS Lambda or others, hosts will do all of the server management. Hence, the user is not required to maintain, provision, and scale servers to run the applications.
GLOBAL SERVERLESS ARCHITECTURE MARKET FORECAST 2019-2027
Global Serverless Architecture Market by Industry Vertical (Bfsi, It & Telecom, Healthcare, Manufacturing, Media & Entertainment, Public Sector, Retail & E-commerce, Other Industrial Verticals) by Application (Real-time File/stream Processing, Web Application Development, IOT Back end, Other Applications) By Deployment Model (Public Cloud Deployment, Private Cloud Deployment) by Organization Size (Large Enterprises, Small and Medium Enterprises) by Geography.
Inkwood research estimates that the market for serverless architecture will grow with an expected CAGR of 24.57% during the forecast period & will generate revenue of $28764 million by 2027. The base year considered for the market study is 2018 & the forecasted period is between 2019-2027.
Serverless architecture or serverless computing is used because the entity which owns the system does not have to buy or rent servers to run the back-end code. Serverless architecture helps in establishing and executing applications without the need for infrastructure management. As applications will be executed on servers of hosts like AWS Lambda or others, hosts will do all of the server management. Hence, the user is not required to maintain, provision, and scale servers to run the applications.
Global serverless architecture market is driven by:
- Growth in preference for serverless computing
- Minimize the efforts and resources towards server management
- The rise in mobile app development
- Decentralized workforce drives the requirement of serverless architecture
- Increased internet penetration
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Growth in preference for serverless computing is considered as a prime driver for the growth of the global serverless architecture market. The serverless computing helps the developers develop and execute software code without worrying about the computing power of the available system at their end. It eliminates the need for server management, which requires additional resources at the developer end.
Web application development is the leading application in terms of revenue in the global serverless architecture market with around 46.72% market share in 2018. Web application development includes application development that is placed in servers at a remote place which can be accessed at the user’s device using the internet. The web application can be accessed directly without actually downloading. A web browser such as Google Chrome, Safari, and Mozilla Firefox can be used for access. Web applications are usually in JavaScript, HTML5, and Cascading Style Sheets (CSS).
On the other hand, global serverless architecture market growth is restricted by the need for higher bandwidth for serverless architecture solutions. Though the processing of the application takes place at the server end, the transfer of information needs a high bandwidth as per the requirement. Security and privacy concerns are challenging the growth of serverless architecture market. Particularly, in cases where the vendor is a public cloud provider, and data is stored & managed at the server, the possibility of a security breach is high.
Report scope of global serverless architecture market covers segmentation analysis of deployment model, application, industry vertical, organization size, and region.
Market by Application:
- IoT Backend
- Real-time file/stream processing
- Web Application Development
- Other
Market by Deployment model:
- Public cloud
- Private cloud
Market by Industrial vertical:
- BFSI
- Healthcare
- IT & TELECOM
- Manufacturing
- Public sector
- Media & entertainment
- Retail & eCommerce
- Others
Based on geography, the global serverless architecture market has been segmented into four major regions:
- North America Serverless Architecture Market : the United States & Canada
- Europe Serverless Architecture Market : United Kingdom, Germany, France, Spain, Italy, Russia & Rest of Europe
- Asia Pacific Serverless Architecture Market : China, India, Japan, Australia, South Korea & Rest of Asia Pacific
- Rest of World: Latin America and Middle East & Africa
Geographically, North America is the largest market with a market share of 38.62% in terms of revenue in 2018. The two major countries of North America considered in the report include the United States and Canada. North America is a mature market for serverless architecture products. Major market players namely, Google, Microsoft, and Amazon are boosting up their serverless offerings in this region, in turn, fuelling the serverless architecture market growth in North America.
The market has several players & some of the key players involved in global serverless architecture market are:
- AMAZON WEB SERVICES
- IBM CORPORATION
- MICROSOFT
- ORACLE CORPORATION
In December 2018, Amazon Web Services launched a new service in Sweden. New AWS Europe (Stockholm) Region service enables Nordic customers to run applications and store their content in data centers in Sweden. In June 2017, Google launched its cloud platform in Singapore. The company offers three zones and a range of computing, storage, networking, and big data services.
Key findings of the global serverless architecture market:
- Web application development is the dominant application of the serverless architecture
- Public cloud is the fastest-growing deployment model of serverless architecture
- IT & Telecom is the major industrial vertical in the serverless architecture market
- Small and medium enterprises are increasingly using a serverless architecture
- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- WEB APPLICATION DEVELOPMENT IS THE DOMINANT APPLICATION OF THE SERVERLESS ARCHITECTURE
- PUBLIC CLOUD IS THE FASTEST-GROWING DEPLOYMENT MODEL OF SERVERLESS ARCHITECTURE
- IT & TELECOM IS THE MAJOR INDUSTRIAL VERTICAL IN SERVERLESS ARCHITECTURE MARKET
- SMALL AND MEDIUM ENTERPRISES ARE INCREASINGLY USING SERVERLESS ARCHITECTURE
- MARKET DYNAMICS
- MARKET SCOPE & DEFINITION
- MARKET DRIVERS
- GROWTH IN PREFERENCE FOR SERVERLESS COMPUTING
- MINIMIZE THE EFFORTS AND RESOURCES TOWARDS SERVER MANAGEMENT
- RISE IN MOBILE APP DEVELOPMENT
- DECENTRALIZED WORKFORCE DRIVES THE REQUIREMENT OF SERVERLESS ARCHITECTURE
- INCREASED INTERNET PENETRATION
- MARKET RESTRAINTS
- DIFFICULTIES RELATED TO THIRD PARTY APIs
- NEED FOR HIGHER BANDWIDTH FOR SERVERLESS ARCHITECTURE SOLUTIONS
- MARKET OPPORTUNITIES
- IMPROVEMENT AND GROWTH IN CLOUD INFRASTRUCTURE
- RISING DEMAND FROM GOVERNMENT & PUBLIC SECTOR
- MARKET CHALLENGES
- SECURITY & PRIVACY CONCERNS
- MARKET BY INDUSTRY VERTICAL
- BFSI
- IT & TELECOM
- HEALTHCARE
- MANUFACTURING
- MEDIA & ENTERTAINMENT
- PUBLIC SECTOR
- RETAIL & E-COMMERCE
- OTHER INDUSTRIAL VERTICALS
- MARKET BY APPLICATION
- REAL-TIME FILE/STREAM PROCESSING
- WEB APPLICATION DEVELOPMENT
- IOT BACKEND
- OTHER APPLICATIONS
- MARKET BY DEPLOYMENT MODEL
- PUBLIC CLOUD DEPLOYMENT
- PRIVATE CLOUD DEPLOYMENT
- MARKET BY ORGANIZATION SIZE
- LARGE ENTERPRISES
- SMALL AND MEDIUM ENTERPRISES
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- INTENSITY OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- KEY BUYING CRITERIA
- VENDOR LANDSCAPE
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE (ROE)
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- SINGAPORE
- REST OF ASIA PACIFIC (ROAPAC)
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- COMPANY PROFILE
- AMAZON WEB SERVICES
- IBM CORPORATION
- MICROSOFT
- ORACLE CORPORATION
- COM, INC.
- SAP
- VMWARE, INC.
- RACKSPACE HOSTING, INC.
- HP INC.
- FUJITSU
- DELL EMC CORPORATION
- CISCO
- COMPANY PROFILE
LIST OF TABLES
TABLE 1 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 2 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY INDUSTRY VERTICAL, 2019-2027 (IN $ MILLION)
TABLE 3 GLOBAL BFSI MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 4 GLOBAL IT & TELECOM MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 5 GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 6 GLOBAL MANUFACTURING MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 7 GLOBAL MEDIA & ENTERTAINMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 8 GLOBAL PUBLIC SECTOR MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 9 GLOBAL RETAIL & E-COMMERCE MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 10 GLOBAL OTHER INDUSTRIAL VERTICALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 11 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 12 GLOBAL REAL-TIME FILE/STREAM PROCESSING MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 13 GLOBAL WEB APPLICATION DEVELOPMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 14 GLOBAL IOT BACKEND MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 15 GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 16 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY DEPLOYMENT MODEL, 2019-2027 (IN $ MILLION)
TABLE 17 GLOBAL PUBLIC CLOUD DEPLOYMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 18 GLOBAL PRIVATE CLOUD DEPLOYMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 19 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 20 GLOBAL LARGE ENTERPRISES MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 21 GLOBAL SMALL AND MEDIUM ENTERPRISES MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 22 OPPORTUNITY MATRIX
TABLE 23 VENDOR LANDSCAPE
TABLE 24 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 25 NORTH AMERICA SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 26 EUROPE SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 27 ASIA PACIFIC SERVERLESS ARCHITECTURE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 28 REST OF WORLD SERVERLESS ARCHITECTURE MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)
LIST OF FIGURE
FIGURE 1 GLOBAL SERVERLESS ARCHITECTURE MARKET SHARE, BY APPLICATION 2018 & 2027 (%)
FIGURE 2 GLOBAL WEB APPLICATION DEVELOPMENT MARKET, 2019 – 2027 (IN $ MILLION)
FIGURE 3 GLOBAL PUBLIC CLOUD DEPLOYMENT MODEL MARKET, 2019 – 2027 (IN $ MILLION)
FIGURE 4 GLOBAL IT & TELECOM MARKET, 2019 – 2027 (IN $ MILLION)
FIGURE 5 GLOBAL SMALL AND MEDIUM ENTERPRISES MARKET, 2019 – 2027 (IN $ MILLION)
FIGURE 6 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY BFSI, 2019-2027 (IN $ MILLION)
FIGURE 7 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)
FIGURE 8 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)
FIGURE 9 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)
FIGURE 10 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027 (IN $ MILLION)
FIGURE 11 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY PUBLIC SECTOR, 2019-2027 (IN $ MILLION)
FIGURE 12 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY RETAIL & E-COMMERCE, 2019-2027 (IN $ MILLION)
FIGURE 13 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY OTHER INDUSTRIAL VERTICALS, 2019-2027 (IN $ MILLION)
FIGURE 14 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY REAL-TIME FILE/STREAM PROCESSING, 2019-2027 (IN $ MILLION)
FIGURE 15 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY WEB APPLICATION DEVELOPMENT, 2019-2027 (IN $ MILLION)
FIGURE 16 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY IOT BACKEND, 2019-2027 (IN $ MILLION)
FIGURE 17 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)
FIGURE 18 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY PUBLIC CLOUD DEPLOYMENT, 2019-2027 (IN $ MILLION)
FIGURE 19 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY PRIVATE CLOUD DEPLOYMENT, 2019-2027 (IN $ MILLION)
FIGURE 20 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY LARGE ENTERPRISES, 2019-2027 (IN $ MILLION)
FIGURE 21 GLOBAL SERVERLESS ARCHITECTURE MARKET, BY SMALL AND MEDIUM ENTERPRISES, 2019-2027 (IN $ MILLION)
FIGURE 22 PORTER’S FIVE FORCE MODEL
FIGURE 23 GLOBAL SERVERLESS ARCHITECTURE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (%)
FIGURE 24 UNITED STATES SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25 CANADA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION
FIGURE 26 UNITED KINGDOM SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27 GERMANY SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28 FRANCE SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 29 ITALY SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 30 SPAIN SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 31 RUSSIA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 32 REST OF EUROPE SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 33 INDIA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34 CHINA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 35 JAPAN SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 36 AUSTRALIA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 37 SOUTH KOREA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 38 SINGAPORE SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 39 REST OF ASIA PACIFIC SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 40 LATIN AMERICA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 41 MIDDLE EAST AND AFRICA SERVERLESS ARCHITECTURE MARKET, 2019-2027 (IN $ MILLION)
- MARKET BY INDUSTRY VERTICAL
- BFSI
- IT & TELECOM
- HEALTHCARE
- MANUFACTURING
- MEDIA & ENTERTAINMENT
- PUBLIC SECTOR
- RETAIL & E-COMMERCE
- OTHER INDUSTRIAL VERTICALS
- MARKET BY APPLICATION
- REAL-TIME FILE/STREAM PROCESSING
- WEB APPLICATION DEVELOPMENT
- IOT BACKEND
- OTHER APPLICATIONS
- MARKET BY DEPLOYMENT MODEL
- PUBLIC CLOUD DEPLOYMENT
- PRIVATE CLOUD DEPLOYMENT
- MARKET BY ORGANIZATION SIZE
- LARGE ENTERPRISES
- SMALL AND MEDIUM ENTERPRISES
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE (ROE)
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- SINGAPORE
- REST OF ASIA PACIFIC (ROAPAC)
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
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