Global Serverless Architecture to Reach USD 19.84 Billion

The global serverless architecture market size is expected to reach USD 19.84 billion by 2025. The growth will be at a rate of 26.0 percent CAGR during the forecasted period, claims ResearchAndMarkets.com's Serverless Architecture Market Size, Share & Trends Analysis report.

A Brief About Serverless Architecture

The cloud computing environments are already saving cost in millions to enterprises around the world and it is a key driver in the growth of the startup ecosystem. However, the demand to lower the cost further in the cloud environment is only possible with serverless architecture and driving the growth of global serverless architecture market. In serverless architecture, the billing is based on the number of executions saving the cost by eliminating the cost of provisioning and maintaining the instances/virtual machines in a cloud environment.

The emergence of API economy, micro-services along with DevOps and agile development culture have changed the way business applications built and delivered fundamentally.

Cloud service providers (CSP) manage serverless architecture. It allows CSPs to provide automatic scaling, enterprise-level global security, and promote continuous building, integration, and development efforts with much less end-user involvement. These factors impact an enterprise's time-to-market, market share, and sustainability.

In addition, serverless architecture, allows developers to focus on core application/product development rather than focusing on cloud administration activities, thus increasing overall developer productivity, translating directly to further cost savings. Business can save cost in terms of backend infrastructure engineers thereby saving operation cost by a significant amount.

However, the current security compliances in the cloud environment may not directly suit the customer needs utilizing serverless architecture. However, these compliances may come at par with serverless in the future.

Key findings 

• By service, the monitoring segment is anticipated to register the highest CAGR of 28.8% over the forecast period. The automation & integration service segment, on the other hand, holds the dominant share and was valued at USD 830.6million in 2017
• Based on the organization, the large enterprise's segment is expected to retain its dominance in the market, valuing an estimated USD 13.80 billion by 2025. The SME segment is anticipated to register the highest CAGR of 28.6% over the forecast period
• By way of vertical, media & entertainment is expected to register the highest CAGR of 30.3% over the forecast period
• North America was valued at USD 1.32 billion in 2017 and is expected to hold a dominant revenue share in the market by 2025. Asia Pacific is anticipated to witness the highest CAGR of 29.7% over the forecast period
• Key players in the market include Amazon Web Services Inc., Google LLC, Microsoft Corporation, and Oracle Corporation.

You can find more information about this report here.