$21.99 billion Industry Expected by 2026 for Serverless Architecture Market

A surge in the number of smartphones, increase in BYOD adoption, rise in the number of applications, growing shift from DevOps to serverless computing, and rising need to eliminate server management challenges have led to significant growth of the global serverless architecture market. However, issues associated with third-party APIs restrict market growth. On another hand, the emergence of serverless architecture applications in the growing IoT landscape and growing cloud infrastructure services market would provide lucrative opportunities for the serverless architecture market.

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According to the report published by Allied Market Research, the global serverless architecture market generated $3.01 billion in 2017 and is estimated to reach $21.99 Billion by 2025, growing at a CAGR of 27.8% from 2018 to 2025. The rapid rise of the app development market along with an increase in demand for useful applications for different platforms such as Android and iOS have boosted the growth of the serverless architecture market. The growing shift from DevOps to serverless computing and rising need to eliminate server management challenges have supplemented to the growth of the market. The region of the North America region accounted for nearly half of the market of global serverless architecture in terms of revenue in 2017.

Major key findings of the study:

· Public Cloud segment to maintain its leadership status by 2025

· Web Application Development segment to maintain its dominance throughout the forecast period

· IT & Telecom segment to maintain its leadership status by 2025

· Large Enterprises segment to maintain its dominance throughout the forecast period

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The public cloud segment accounted for nearly three-fourths of the total market share in 2017, and is expected to maintain its dominance by 2025. The major factors that drive the growth of this segment include its high availability, cost-efficiency, and capabilities to improve the functionality as well as the overall development process. However, the private cloud segment is estimated to project the fastest CAGR of 30.0% from 2018 to 2025, owing to its less vendor-locking problems and enhanced security.

Asia-Pacific to grow at the fastest CAGR followed by North America

Asia-Pacific would grow at the fastest CAGR of 31.0% from 2018 to 2025, owing to factors such as on-going IT modernization in well-established telecommunication industries and an increase in adoption of IoT-based devices which are expected to provide remunerative opportunities for market. However, North America contributed to nearly half of the total share in 2017 and is estimated to maintain its dominance during the forecast period. This is due to the growth of the app development market, well-established cloud industry, and significant adoption of serverless architecture for media processing and IoT applications.

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Frontrunners of the industry

· Amazon Web Services

· Alibaba Group

· Google LLC

· Oracle Corporation

· Microsoft Corporation

· IBM Corporation

· Platform9 Systems Inc.

· Twilio

· Rackspace Inc.

· Tibco Software.

Key questions answered in the Serverless Architecture Market research report:

· What is the growth rate of the Serverless Architecture Market during the forecast period?

· What will be the global Serverless Architecture Market size from 2019 to 2026?

· What are the leading manufacturing companies in the Serverless Architecture Market?

· How the major current trends will shape the market in the future?

· What are the driving factors and opportunities in the Serverless Architecture Market?

· Which will be the niches at which, players profiling with thorough plans, financials, and also recent advancements should set a presence?

· Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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