Serverless Architecture Market by End-users and Geography - Forecast 2019-2023

Industry Insights

The global serverless architecture market size will grow by USD 9.16 billion during 2019-2023 at CAGR close to 26%. The reduced operating cost of serverless architecture and digital transformation are a few factors that are expected to drive market growth in the coming years. This report provides a detailed analysis of the market by end-users (BFSI, government, telecommunication, healthcare, retail, media and entertainment, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., IBM Corp., Microsoft Corp., and Oracle Corp.

Serverless architecture involves the use of cloud platforms. The cloud provider runs the server. As a result, end-users do not have to install physical servers, eliminating maintenance tasks such as server or cluster provisioning, patching, operating system maintenance, and capacity provisioning.

Key Insights from Serverless Architecture Market – Global Forecast 2019-2023

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The rising need for enterprises to optimize business operations has been encouraging them to opt for an effective IT infrastructure. However, a physical setup includes significant infrastructure cost that primarily depends on server capacity and type. Moreover, in-house server infrastructure has limited storage and processing capacity. This has led to constant digital transformation to address the mentioned drawbacks associated with physical servers. The need for enterprises to scale-up their businesses at reduced cost has given rise to a serverless architecture. The use of serverless architecture has become crucial for companies as it can offer an unlimited number of servers for testing and deployments at low cost. The trend of digital transformation and the benefits of serverless infrastructure will boost the growth of the market in focus in the coming years.          

Benefits such as the reduction in operating cost will also contribute to the growth of the serverless architecture market. End-users availing serverless architecture services do not have to bear the burden of purchasing, provisioning, and managing backend servers. Many companies from the end-user industries are using flexible IT solutions such as serverless architecture to reduce cost pressure. The on-premise deployment model includes expenses associated with licensing, system design and customization, implementation, training, and maintenance. These upfront costs can be avoided with the use of serverless architecture. As a result of these factors, the serverless architecture market will register over 26% CAGR during 2019-2023.

Industry Analysis

Quantitative Data Market size for 2018 Market forecast for 2019 to 2023 Regional market opportunities Market segment opportunities Growth momentum: Overall market and individual market segments Market condition: 2018 Market segmentation based on end-user: BFSI, government, telecommunication, healthcare, retail, media and entertainment, and other end-users Market size, market forecast, and growth momentum Market size and forecast in APAC, Europe, MEA, North America, and South America Market forecasts for key countries

Qualitative Data Porter’s Five Forces analysis Trends, drivers, and challenges Vendor Landscape Market structure Criticality of inputs Factors of differentiation Market landscape disruption Market maturity Disruption threats Factors driving disruptions Competitive landscape Vendor classification Market positioning of vendors Customer landscape Market fragmentation Sources of disruption PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT 2.1 Preface 2.2 Preface 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis PART 04: MARKET SIZING Market definition Market sizing 2018 Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY END-USER Market segmentation by end-user Comparison by end-user BFSI - Market size and forecast 2018-2023 Government - Market size and forecast 2018-2023 Telecommunication  - Market size and forecast 2018-2023 Healthcare  - Market size and forecast 2018-2023 Retail - Market size and forecast 2018-2023 Media and entertainment - Market size and forecast 2018-2023 Other end-users - Market size and forecast 2018-2023 Market opportunity by end-user PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison North America - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES Market drivers Market challenges PART 11: MARKET TRENDS Digital transformation Increasing demand for vast server space and speed High internet penetration due to increasing online content PART 12: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario PART 13: VENDOR ANALYSIS Vendors covered Vendor classification Market positioning of vendors Alibaba Group Holding Ltd. Alphabet Inc. Amazon.com Inc. IBM Corp. Microsoft Corp. Oracle Corp. PART 14: APPENDIX Research methodology List of abbreviations Definition of market positioning of vendors PART 15: EXPLORE TECHNAVIO Safe and Secure SSL Encrypted Buy Report - Single User License [Avail subscription at 50% off, with report purchase] Single: One user only. Quick & easy download option Enterprise: Unlimited user access (Within your organization) Complimentary Customization Included *For Enterprise license, go to checkout page *Avail subscription at 50% off, with report purchase - limited to a week 2500 USD Subscribe - Basic Plan [5 reports/month/user] Basic Plan [5000 USD/Year]: Single User Download 5 Reports/Month View 100 Reports/Month Add upto 3 Users at 625 USD/user Teams Plan [7500 USD/Year]: 5 User Download 5 Reports/Month/User View 100 Reports/Month/User Add upto 30 Users at 500 USD/user *You can upgrade to Teams plan at Subscription page 5000 USD Quick Buy Quick Buy View Free Data Sample VIEW FREE SAMPLE PDF Get the report (PDF) sent to your email within minutes. Subscribe & Save Get lifetime access to our Technavio Insights Basic Plan $5000 Teams Plan $7500 Subscribe Now Quick Report Overview: Market Size Table of Contents Market Segmentation Regional Analysis Market Dynamics Exclusive Customer Landscape Key Companies & Market Insights FAQ Serverless Architecture Market by End-users and Geography - Forecast 2019-2023 Published: Jul 2019 Pages: 144 SKU: IRTNTR31626 Add to cart View Sample PDF View Free Data Sample Cookie Policy The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice. I’m fine with this