The global serverless architecture market is forecast to reach USD 25.49 Billion by 2026, according to a new report by Reports and Data. Serverless architecture is the application that depends on third-party services or on custom code that is run in ephemeral containers. Despite the name, it does not involve running the code without servers. The name ‘serverless computing’ is applied because the business or person that owns the system does not have to rent, purchase or provision servers or virtual machines for the back-end code to run on.

Application of serverless architecture by developers are made so that they can focus on the core product instead of handling, managing and operating server issues, either in the cloud or on-premises. The reduced time with the serverless architecture helps developers reclaim time and energy that can be spent on developing new reliable products.

Serverless architecture benefits from significant amount of cost reduction, complexity, and engineering lead time, at the cost of increased reliance on vendors and comparatively immature supporting services. Serverless architecture is being applied by cloud vendors such as AWS, in conferences to meetups to blog posts. It assures the possibility of ideal business implementation, which is cost-efficient as well.

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Key participants include

Amazon Web Services, Inc, Alibaba Cloud, CA Technologies, Dynatrace LLC, Fiorano Software, Inc., Google LLC, IBM Corporation, Microsoft Corporation, NIT Data Corporation, and Oracle Corporation, among others

Further key findings from the report suggest

Serverless architecture is breaking ground by disrupting server infrastructure. Serverless architecture is used by companies such as Reuters, Netflix, Telenor, and AOL. Companies are increasingly adopting the market. The ‘Big Three’ cloud vendors such as Google, Amazon, and Microsoft are also heavily invested in serverless.

Large enterprise held a market share of 59.1% in the year 2018 owing to the enterprise’s superior capabilities to run real-time applications on a large scale. Moreover, large enterprises are adopting serverless architecture for critical tasks, such as essential web applications and data processing.

Automation and Integration is the effective amalgamation of software and hardware, combining several subsystems for working together as a single unit. It held the largest market share of 21.3% in the year 2018.

Increase in the number of users and the rising adoption of several technologies associated with media and digital content are propelling the demand for secure and efficient serverless architecture across the telecommunication and IT sectors. Telecom and IT held the largest market share of 21.9% in the year 2018.

The Banking, Financial Services, and Insurance sector is constantly evolving and consists of intense competition, consolidation, worldwide expansion, changing consumer demand, and varied regulatory norms. The serverless architecture supports real-time applications and offers a secure and scalable platform to provide real-time information as demanded by the BFSI sector. It is forecasted to grow with a CAGR of 23.9% during the forecast period.

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For this report, Reports and Data have segmented into the global Serverless Architecture market on the basis of resin type, composite phases, industry vertical, and region:

Services Outlook (Revenue, USD Billion; 2016-2026)

Automation & Integration

Api Management Services

Monitoring Services

Security

Support and Maintenance

Training and Consulting

Others

Organization Size Outlook (Revenue, USD Billion; 2016-2026)

Large Enterprises

Small and Medium Enterprises

Vertical Outlook (Revenue, USD Billion; 2016-2026)

Healthcare

Retail and E-commerce

Telecom & IT

Media and Entertainment

BFSI

Manufacturing

Government and Public

Others

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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