The serverless computing market to obtain promising results;

Pune, India, Nov 18, 2021 (GLOBE NEWSWIRE) – The growing need for serverless computing to reduce complexity and infrastructure costs is expected to drive the global market over the forecast period, says Fortune Business Insights, in a report entitled “Serverless Computing Market Size, Industry Sharing & Analysis, By Services (Monitoring Services, API Management Services, Integration Services, Security, Support & Maintenance, Others), By Deployment (Public Cloud, Private Cloud), By Company Size business (large enterprises, small and medium-sized enterprises (SMEs), start-ups), by industry (BFSI, IT and telecommunications, retail, healthcare) and regional forecasts, 2020-2027. The growing emphasis on downsizing servers is expected to drive market expansion.

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The report lists the key companies in the Serverless Computing Market:

  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • Google LLC.
  • Fire base
  • Alibaba Group
  • IBM Company
  • Oracle Corporation
  • Platform9 Systems, Inc.
  • and Rackspace Inc.

Market engine:

Growing popularity of serverless computing to drive the market

The growing implementation of cloud-based microservices architecture is expected to drive the market growth during the forecast period. The shift from the server model to the on-premises serverless computing model is expected to drive the market growth. Growing awareness of the benefits of serverless computing, such as lower installation and maintenance costs, is expected to enable rapid market expansion. The rapid adoption of serverless computing for efficient database management and server support is expected to further stimulate opportunities for the foreseeable future. The integrated scalability of the serverless computing market in computing is expected to prompt its deployment, thereby helping the market. Technological advancements aimed at reducing the uptime of serverless computing are expected to promote healthy growth in the market. Additionally, serverless computing has the ability to eliminate infrastructure management tasks, reduce operating system maintenance costs, and encourage capacity provisioning and patching. In addition, the growing orientation of companies towards serverless infrastructure is likely to offer lucrative opportunities for the market.

However, the security concerns associated with serverless computing are expected to dampen the growth of the market during the forecast period.

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The report on the Serverless Computing Market characteristics:

  • Exceptional market information
  • Complete facts and figures
  • Latest development in the industry
  • Information on leading players
  • Dominant regions in the market

Regional analysis:

Rapid technological advances to drive growth in North America

The serverless computing market in North America is expected to grow exponentially due to the rapid technological advancements in the region. The presence of a large server user base in industries such as IT and Telecom, BFSI, Retail, Healthcare and Manufacturing is expected to support market growth in the region. Europe is expected to hold a significant share due to the growing adoption of cloud-based services in UK, Germany and France. Increasing digitization is expected to create opportunities for the market. Asia-Pacific is expected to experience a high growth rate due to the emergence of many small and medium-sized enterprises in the region. The Middle East and Africa are expected to hold a considerable share due to the growing awareness of serverless computers.

Key development:

april 2018: Google LLC introduced a new version of the cloud function for Firebase SDK to improve debugging, implementation and management functions in applications.

december 2017: Pivotal Software, Inc. has unveiled a new serverless computing product called Pivotal Function Service.

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Some of the key questions answered in this Serverless Computing Market report:

  • What targeted approaches and constraints are holding back the demand for the serverless computing market?
  • SWOT analysis of each key player defined along with their profile and Porter’s five forces analysis to complete the same.
  • What trends, challenges, and hurdles will impact the development and sizing of the global serverless computing market?
  • A detailed market overview will help clients and businesses to strategize.
  • Influencing factors that drive demand and the latest market trends.
  • Serverless Computing Market forecast for the global market divided into segments such as region, product, applications, end user, technology etc.
  • What are the growth dynamics or market of the serverless computing market during the forecast period?
  • Which region could harness the highest market share in the coming era?
  • What category of application / end user or what type of product can look for incremental growth prospects?

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