HOME Top Market Reports Serverless Architecture Market by Service type (Automation and Integration, Monitoring, API Management, Security, Support & Maintenance, and Training & Consulting), Deployment Model, Organization Size, Verticals, and Region - Global Forecast to 2023

Serverless Architecture Market by Service type (Automation and Integration, Monitoring, API Management, Security, Support & Maintenance, and Training & Consulting), Deployment Model, Organization Size, Verticals, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: TC 6522

 

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The serverless architecture market was valued at USD 3.20 billion in 2017, and is expected to reach USD 14.93 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period. The base year considered for the study is 2017 and the forecast period considered is 2018–2023.

Objectives of the Study

  • To determine and forecast the global serverless architecture market by service type, deployment model, organization size, vertical, and region from 2018 to 2023, and analyze various macroeconomic and microeconomic factors, which affect the market growth
  • To forecast the size of the market’s segments with respect to 5 main regions, namely, North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)
  • To provide detailed information related to the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze each submarket with respect to the individual growth trends, prospects, and contributions to the total market
  • To analyze the market opportunities for stakeholders by identifying the high-growth segments in the market
  • To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market
  • To track and analyze the competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the serverless architecture market began with capturing data from the key vendors’ revenue and market size of the individual segments through secondary sources, industry associations, and trade journals, such as the World Analytics Association and the Cloud Native Computing Foundation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual segments. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with the key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The breakdown of the profiles of the primary participants is depicted in the figure below:

Serverless Architecture Market

To know about the assumptions considered for the study, download the pdf brochure

The serverless architecture market ecosystem includes players, such as Google (US), AWS (US), IBM (US), Microsoft (US), Oracle (US), CA Technologies (US), Rackspace (US), Alibaba (China), TIBCO (US), Platform9 (US), Syncano (US), NTT Data (Japan), Joyent (US), Iron.io (US), StdLib, Realm (US), Galactic Fog (US), ModuBiz (US), Tarams (US), Snyk (UK), Dynatrace (US), Fiorano Software (US), Manjrasoft (Australia), SixSq (Switzerland), and Twistlock (US).

Key Target Audience

  • Function-as-a-Service (FaaS) vendors
  • Application development platform providers
  • Managed Service Providers (MSPs)
  • Communications Service Providers (CSPs)
  • System integrators
  • Consultancy firms/advisory firms
  • Investors and venture capitalists
  • Independent software vendors
  • Value-Added Resellers (VARs) and distributors

Scope of the Report

The study includes the market segments, such as service types, deployment models, organization size, verticals, and regions to arrive at the market size of the global serverless architecture market during the forecast period.

By Service Type

  • Automation and Integration Services
  • Monitoring Services
  • API Management Services
  • Security
  • Support and Maintenance
  • Training and Consulting
  • Others (metering and billing, reporting, and analytics services)

By Deployment Model

  • Private Cloud
  • Public Cloud

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunications and IT
  • Retail and eCommerce
  • Healthcare and Life Sciences
  • Government and Public Sector
  • Manufacturing
  • Media and Entertainment
  • Others (energy and utilities, transportation and logistics, travel and hospitality, and education)

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • Australia and New Zealand
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Kingdom of Saudi Arabia (KSA)
    • Qatar
    • United Arab Emirates (UAE)
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of the additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Breakdown of Primaries
           2.1.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Serverless Architecture Market: Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Global Serverless Architecture Market
    4.2 Market By Service Type, 2018 vs 2023
    4.3 Market By Deployment Model, 2018 vs 2023
    4.4 Market By Organization Size, 2018 vs 2023
    4.5 Market By Vertical, 2018—2023
    4.6 Market Share Across Regions, 2018
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Elimination of the Need to Manage Servers, Thereby Reducing Infrastructure Costs
                    5.2.1.2 Ease of Deployment, Management, and Execution
                    5.2.1.3 Shift From Devops to Serverless Computing
                    5.2.1.4 Proliferation of the Microservices Architecture
           5.2.2 Restraints
                    5.2.2.1 Security and Compliance Issues
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of Cloud-Based Applications
                    5.2.3.2 Emergence of IoT Applications
           5.2.4 Challenges
                    5.2.4.1 Architectural Complexities
                    5.2.4.2 Concerns With Third-Party Services
                    5.2.4.3 Operational Complexities
    5.3 Industry Trends
           5.3.1 Value Chain Analysis
           5.3.2 Case Studies
                    5.3.2.1 Bustle Implemented AWS Lambda to Eliminate the Need to Manage Server Operations
                    5.3.2.2 Sitespirit Used IBM Openwhisk to Create Picture-Perfect Marketing Materials With the Serverless Media-Library-As-A-Service
                    5.3.2.3 Relativity Improved the Customer Experience of the Relativityone Cloud-Based Ediscovery Platform With Microsoft Azure Functions

6 Serverless Architecture Market, By Service Type (Page No. - 46)
    6.1 Introduction
    6.2 Automation and Integration Services
    6.3 Monitoring Services
    6.4 API Management Services
    6.5 Security
    6.6 Support and Maintenance
    6.7 Training and Consulting
    6.8 Others

7 Market By Deployment Model (Page No. - 56)
    7.1 Introduction
    7.2 Private Cloud
    7.3 Public Cloud

8 Market By Organization Size (Page No. - 60)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Serverless Architecture Market, By Vertical (Page No. - 64)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance
    9.3 Telecommunications and It
    9.4 Retail and Ecommerce
    9.5 Healthcare and Life Sciences
    9.6 Government and Public Sector
    9.7 Manufacturing
    9.8 Media and Entertainment
    9.9 Others

10 Serverless Architecture Market, By Region (Page No. - 75)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 Australia and New Zealand
             10.4.2 China
             10.4.3 Japan
             10.4.4 India
             10.4.5 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Kingdom of Saudi Arabia
             10.5.2 Qatar
             10.5.3 United Arab Emirates
             10.5.4 South Africa
             10.5.5 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 96)
     11.1 Overview
     11.2 Market Ranking Analysis for the Serverless Architecture Market
     11.3 Competitive Scenario
             11.3.1 New Service/Product Launches
             11.3.2 Business Expansions
             11.3.3 Mergers and Acquisitions
             11.3.4 Agreements, Collaborations, and Partnerships

12 Company Profiles (Page No. - 103)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 Amazon Web Services (AWS)
     12.3 Google
     12.4 IBM
     12.5 Microsoft
     12.6 Oracle
     12.7 CA Technologies
     12.8 Rackspace
     12.9 Alibaba
     12.10 Tibco Software
     12.11 Platform9
     12.12 Syncano
     12.13 NTT Data
     12.14 Key Innovators
             12.14.1 Joyent
             12.14.2 Iron.io
             12.14.3 Stdlib
             12.14.4 Realm
             12.14.5 Galactic Fog Ip Inc
             12.14.6 Modubiz
             12.14.7 Tarams Software Technologies
             12.14.8 Snyk
             12.14.9 Dynatrace
             12.14.10 Fiorano Software
             12.14.11 Manjrasoft
             12.14.12 Sixsq
             12.14.13 Twistlock

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 137)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (59 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Serverless Architecture Market Size, By Service Type, 2016–2023 (USD Million)
Table 3 Service Type: Market Size By Region, 2016–2023 (USD Million)
Table 4 Automation and Integration Services: Market Size By Region, 2016–2023 (USD Million)
Table 5 Monitoring Services: Market Size By Region, 2016–2023 (USD Million)
Table 6 API Management Services: Market Size By Region, 2016–2023 (USD Million)
Table 7 Security: Serverless Architecture Market Size, By Region, 2016–2023 (USD Million)
Table 8 Support and Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 9 Training and Consulting: Market Size By Region, 2016–2023 (USD Million)
Table 10 Others: Market Size By Region, 2016–2023 (USD Million)
Table 11 Serverless Architecture Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 12 Deployment Model: Market Size By Region, 2016–2023 (USD Million)
Table 13 Private Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 14 Public Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 15 Serverless Architecture Market Size, By Organization Size, 2016–2023 (USD Million)
Table 16 Organization Size: Market Size By Region, 2016–2023 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 18 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 19 Serverless Architecture Market Size, By Vertical, 2016–2023 (USD Million)
Table 20 Vertical: Market Size By Region, 2016–2023 (USD Million)
Table 21 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 22 Telecommunications and IT: Market Size By Region, 2016–2023 (USD Million)
Table 23 Retail and Ecommerce: Market Size By Region, 2016–2023 (USD Million)
Table 24 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 25 Government and Public Sector: Market Size By Region, 2016–2023 (USD Million)
Table 26 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 27 Media and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 28 Others: Market Size By Region, 2016–2023 (USD Million)
Table 29 Serverless Architecture Market Size, By Region, 2016–2023 (USD Million)
Table 30 North America: Market Size By Country, 2016–2023 (USD Million)
Table 31 North America: Market Size By Service Type, 2016–2023 (USD Million)
Table 32 North America: Market Size By Deployment Model, 2016–2023 (USD Million)
Table 33 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 34 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 35 Europe: Serverless Architecture Market Size, By Country, 2016–2023 (USD Million)
Table 36 Europe: Market Size By Service Type, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Deployment Model, 2016–2023 (USD Million)
Table 38 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 40 Asia Pacific: Serverless Architecture Market Size, By Country, 2016–2023 (USD Million)
Table 41 Asia Pacific: Market Size By Service Type, 2016–2023 (USD Million)
Table 42 Asia Pacific: Market Size By Deployment Model, 2016–2023 (USD Million)
Table 43 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 45 Middle East and Africa: Serverless Architecture Market Size, By Country, 2016–2023 (USD Million)
Table 46 Middle East and Africa: Market Size By Service Type, 2016–2023 (USD Million)
Table 47 Middle East and Africa: Market Size By Deployment Model, 2016–2023 (USD Million)
Table 48 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 49 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 50 North America: Serverless Architecture Market Size, By Country, 2016–2023 (USD Million)
Table 51 Latin America: Market Size By Service Type, 2016–2023 (USD Million)
Table 52 Latin America: Market Size By Deployment Model, 2016–2023 (USD Million)
Table 53 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 54 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 55 Market Ranking, 2018
Table 56 New Service/Product Launches, 2016–2018
Table 57 Business Expansions, 2016–2018
Table 58 Mergers and Acquisitions, 2016–2017
Table 59 Agreements, Collaborations, and Partnerships, 2016–2018


List of Figures (44 Figures)

Figure 1 Global Serverless Architecture Market Segmentation
Figure 2 Regional Scope
Figure 3 Global Market Research Design
Figure 4 Research Methodology
Figure 5 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 6 Data Triangulation
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Serverless Architecture Evolution
Figure 10 Serverless Architecture Market Size, 2016–2023
Figure 11 Serverless Architecture Market Analysis
Figure 12 Fastest Growing Segments in the Market, 2018–2023
Figure 13 Market Regional Analysis, 2018
Figure 14 Elimination of the Need to Manage Infrastructure is Expected to Drive the Market Growth During the Forecast Period
Figure 15 Automation and Integration Services Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 16 Private Cloud Deployment Model is Expected to Hold the Larger Market Share During the Forecast Period
Figure 17 Large Enterprises Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 18 Banking, Financial Services, and Insurance Vertical is Expected to Hold the Largest Market Share During the Forecast Period
Figure 19 Europe is Estimated to Hold the Largest Market Share in 2018
Figure 20 Asia Pacific is Expected to Emerge as the Best Market for Investments During the Forecast Period
Figure 21 Serverless Architecture Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Serverless Architecture Market: Value Chain Analysis
Figure 23 Monitoring Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Public Cloud Deployment Model is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 25 Small and Medium-Sized Enterprises Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 26 Media and Entertainment Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Key Developments By Leading Players in the Serverless Architecture Market During 2016–2018
Figure 31 Market Evaluation Framework
Figure 32 Amazon Web Services: Company Snapshot
Figure 33 Amazon Web Services: SWOT Analysis
Figure 34 Google: Company Snapshot
Figure 35 Google: SWOT Analysis
Figure 36 IBM: Company Snapshot
Figure 37 IBM: SWOT Analysis
Figure 38 Microsoft: Company Snapshot
Figure 39 Microsoft: SWOT Analysis
Figure 40 Oracle: Company Snapshot
Figure 41 Oracle: SWOT Analysis
Figure 42 CA Technologies: Company Snapshot
Figure 43 Alibaba: Company Snapshot
Figure 44 NTT Data: Company Snapshot

The serverless architecture market is expected to grow from USD 4.25 billion in 2018 to USD 14.93 billion by 2023, at a CAGR of 28.6% during the forecast period. It is expected to witness massive growth, due to factors such as the elimination of the need to manage servers for reducing infrastructure costs and easing deployment, management, and execution, shift from the DevOps to the serverless computing, and proliferation of microservices architecture. The increasing adoption of cloud-based applications and emergence of IoT applications are expected to provide growth opportunities for serverless architecture vendors.

Serverless architecture helps organizations in managing campaigns, making quick decisions, analyzing markets, and deriving customer insights. Leveraging the diversified advantages of cloud solutions, Serverless architecture vendors are now offering their solutions via SaaS (Software-as-a-service)-based delivery models over cloud. These cloud-based solutions provide a centralized way to monitor sensitive files across organizations. With the prevalent adoption of cloud-based applications, enterprises are moving away from the monolithic application approach and swiftly implementing the serverless architecture.

The global serverless architecture market has been segmented on the basis of service types, deployment models, organization size, verticals, and regions. The service type segment has been further divided into automation and integration services, monitoring services, API management services, security, support and maintenance, training and consulting, and others (metering and billing, reporting, and analytics services). The deployment model segment comprises private cloud and public cloud models, which assist in deploying serverless architecture. The verticals include Banking, Financial Services, and Insurance (BFSI), telecommunications and IT, retail and eCommerce, healthcare and life sciences, government and public sector, manufacturing, media and entertainment, and others (transportation and logistics, energy and utilities, travel and hospitality, and education). Based on regions, the market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

Based on service types, the automation and integration services segment is expected to lead the serverless architecture market from 2018 to 2023. Automation services help efficiently manage microservices, which are deployed on hybrid IT platforms, to provide faster response along with optimum resource utilization. Integration services combine and consolidate the data and function of multiple microservices. Automation and integration services need to be carefully designed for promoting portability and adopting the microservice-based architecture that is required while implementing serverless architecture.

On the basis of deployment models, the public cloud deployment model is expected to grow at a higher CAGR during the forecast period. The growth of the public cloud segment can be majorly attributed to its high adoption among cloud storage providers, ease of access, and faster deployment.

The serverless architecture market has been segmented on the basis of organization size into large enterprises and SMEs. The large enterprises segment is expected to lead the market from 2018 to 2023. The adoption of serverless architecture services among the large enterprises is expected to be high, owing to the ever-increasing demand for cloud automation and this trend is expected to continue during the forecast period. The large enterprises are heavily investing in advanced technologies to increase their overall productivity and efficiency.

Based on verticals, the media and entertainment vertical is expected to grow at the highest CAGR during the forecast period. In the past, media and entertainment companies faced the challenge of managing and supporting complex workflows, and new data formats with uncertain revenue and monetization. To manage the enormous volume of digital media and data generated across applications, serverless architecture offers an attractive solution. It enables the media and entertainment companies to manage their processes and workflows in an efficient, scalable, flexible, and reliable manner.

Among regions, North America is estimated to account for the largest market share in the serverless architecture market in 2018. North American countries are early adopters of the serverless architecture technology. Some of the major vendors operating in this region are Microsoft (US), AWS (US), Google (US), and IBM (US). It is the most developed market in terms of cloud adoption, due to various factors such as standard regulations, advanced IT infrastructure, the presence of a large number of enterprises, and availability of technical expertise.

Serverless Architecture Market

The serverless architecture market has been demonstrating considerable growth, but the lack of security and strict compliances may restrain the growth of this market.

Key players operating in the serverless architecture market include Google (US), AWS (US), IBM (US), Microsoft (US), Oracle (US), CA Technologies (US), Rackspace (US), Alibaba (China), TIBCO (US), Platform9 (US), Syncano (US), NTT Data (Japan), Joyent (US), Iron.io (US), StdLib, Realm (US), Galactic Fog (US), ModuBiz (US), Tarams (US), Snyk (UK), Dynatrace (US), Fiorano Software (US), Manjrasoft (Australia), SixSq (Switzerland), and Twistlock (US). These companies focus on the adoption of various growth strategies, including new product launches, product enhancements, partnerships, and collaborations, to strengthen their positions in the market.

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