+91-8668442535

Managed Serverless Platform Market By Deployment Model (Public cloud, Private cloud) By Organization Size (Large Enterprises, SMEs) By Verticals (BFSI, Telecommunications and IT, Retail and eCommerce, Healthcare and Life Sciences, Government and Public sector, Manufacturing, Media and Enetertainment, Others (transportation and logistics, energy and utilities, travel and hospitality, and education)) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2028

Market Introduction of Managed Serverless Platform Market

When referring to cloud computing, the term "serverless" describes an operational strategy used by many businesses. Because an organization's applications depend on managed services, this paradigm eliminates the need to patch, secure, and manage infrastructure and virtual machines. Serverless apps also require the integration of managed cloud services and function-as-a-service or FaaS. The market expansion for serverless architecture is attributed to the creation and deployment of applications over cloud infrastructure for increased agility and the development and testing of serverless architecture use cases, such as media & log processing, I.T. automation, IoT backends, etc. The sector as a whole is being encouraged to adopt serverless architecture by the actions of technology corporations.

managed-serverless-platform-market

What is the Market Size of Managed Serverless Platform Equipment in terms of value?

Over the following several years, the managed serverless platform market is expected to expand rapidly with a CAGR of XX%. By 2028, the market for managed serverless systems was projected to reach USD XX billion from an estimated USD XX billion in 2021. The Managed Serverless Platform will likely have a rapid expansion, benefiting the market's top players with a revenue potential of USD XX billion between 2022 and 2028.                

Which is the major organization size segment in the Managed Serverless Platform Market?

In terms of revenue, the big business market accounted for more than 50.0% of the Managed Serverless Platform in 2021. Major firms are increasingly adopting serverless architecture service types due to the growing need for cloud automation, and this trend is expected to continue during the projected time. Large organizations invest a lot of money in cutting-edge technology to increase their total production and efficiency. Due to the ever-increasing volume of data, large firms must continuously invest in I.T. infrastructure and technological know-how to automate a range of activities. Large enterprises frequently use serverless architecture service types to reduce infrastructure CAPEX and OPEX. The serverless architecture service types that will enable large enterprises to save infrastructure costs, improve business operations, and effectively compete should be implemented with a significant investment.

Interesting Facts about Managed Serverless Platform Industry

  • The United States, China, Canada, the United Kingdom, Germany, and France are the top nations in the Managed Serverless Platform market.
  • The growing usage of cloud computing and market competition is the main reason driving the market's expansion.
  • Allocated computing architectures, which are challenging and time-consuming to create, are restraining the growth of the global Managed Serverless Platform market.
  • The North American region dominated the market in 2021 in terms of volume and value, and it is projected that this dominance will last throughout the forecast period.
  • High growth is anticipated in the I.T. and telecommunications sectors during the projection.

Who are the leading participants and businesses in the Managed Serverless Platform market?

Microsoft (U.S.), Alibaba (China), Amazon (U.S.), Google (U.S.), NTT DATA (Japan), IBM (U.S.), Cloudflare (U.S.), Rackspace (U.S.), Oracle (U.S.), and TIBCO Software are the leading companies in the global Managed Serverless Platform market in terms of value (U.S.). To improve the quality of their Managed Serverless Platform production and seize a competitive market share globally, these main players are concentrating on technology breakthroughs and new product improvements. A few local and national businesses are also investing heavily to diversify their product lines and increase sales. For instance, Google Cloud released the Change Data Capture (CDC) service and DataStream, a serverless replication, in May 2021. This invention makes serverless architecture possible by enabling businesses to merge diverse components, such as Cloud storage, into Google.

Who are the Top 10 Market Players for Managed Serverless Platforms?

The top nations in the international Managed Serverless Platform market are China, the United States, the United Kingdom, India, Canada, Japan, Germany, France, Italy, and Brazil. The United States has the largest share of the Managed Serverless Platform in 2021, accounting for a sizeable volume portion of the global market. High levels of digitalization and the adoption of new cloud computing services by businesses are increasing demand in the area because these businesses are constantly innovating and implementing new technologies to stay competitive in the quickly changing market and deliver new features and products.

Which is the major Vertical in the Managed Serverless Platform Market?

In 2021, the Managed Serverless Platform market dominated the Telecommunications and I.T. segment. Most companies in the I.T. and telecom industries have shifted to cloud infrastructure. The growth of public clouds and the acceptance of serverless backend-as-a-service are expected to accelerate as telecom carriers try to use their infrastructure to offer hosting services. For handling legacy applications, most telecom corporations operate large-scale data centers. These data centers are also utilized to provide public cloud services. A serverless architecture enables businesses to do away with the need for additional resources and reduce capital expenses.

Enterprises may speed up the development and delivery of apps by combining DevOps with serverless computing solutions. The benefits of serverless architecture over conventional methods, such as cost reductions, easier server configuration, and painless server troubleshooting, are likely to propel industry expansion. Enterprise-level security, automated scalability, and resource management across geographically dispersed locations are all made easier for enterprises thanks to the design. The advancements in cloud technology driving enterprises to embrace microservices are driving the demand for serverless architecture solutions.

What are the Major Dynamic Factors for Managed Serverless Platform Market?

The rise of serverless architecture is largely driven by organizations' growing desire to eliminate the challenges associated with server management. To retain profitability and market competitiveness, businesses are under pressure to switch to less expensive models due to the growing use of cloud computing. Businesses can reduce the financial and resource commitment necessary for server administration thanks to serverless architecture's greater scalability and pay-as-you-go pricing model. Because serverless architecture adopts a more condensed approach than microservices and as global digitalization accelerates, businesses must take precautions to protect their serverless systems. Once the connection with cloud providers has been established, it uses tiny, standalone pieces of software that connect via several open APIs.

What is the Major Restriction for Managed Serverless Platform Market?

Allocated computing architectures, which are challenging and time-consuming to create, are the key factor restraining the growth of the global Managed Serverless Platform market. Microservices and serverless systems both have similar consequences. Evaluation, implementation, and testing of function size-related decisions take a lot of time. The number of functions that an application calls must be balanced. Mini-monoliths are created when granularity is ignored while controlling several functions. Services that rely on vendors or outside parties and use serverless architecture may have data security flaws. On serverless platforms, denial-of-service (DoS) assaults can overwhelm the user system and shut down vital features for many concurrent users. These elements are the main impediments to the market for serverless architecture.

Which Region Dominated the Managed Serverless Platform Market?

In 2021, the Managed Serverless Platform market was dominated by North America due to the quick development of technology and the presence of numerous notable players across sectors like retail, manufacturing, BFSI, healthcare, and I.T. & Telecom, which boast a sizable user base throughout the region. High levels of digitalization and the adoption of new cloud computing services by businesses are increasing demand in the area because these businesses are constantly innovating and implementing new technologies to stay competitive in the quickly changing market and deliver new features and products. Additionally, a company called Light Bend Inc. is attempting to overcome the drawbacks of serverless computing, which usually prevent its acceptance for more complex, data-hungry applications. In June 2021, the company launched Akka Serverless, a brand-new open-source development platform that it promised would raise the bar for building cloud-native applications.

As developers assume more responsibility for managing their apps, they are starting to employ platforms that automate infrastructure maintenance on their behalf without assistance from an I.T. operations team. The capacity to autonomously scale compute and memory resources up and down in response to requests from developers will be introduced, according to a statement made in June 2021 by Render, a provider of cloud services that streamline DevOps processes.

Segmentation of Global Managed Serverless Platform Market-

Global Managed Serverless Platform Market – By Deployment Model

  • Public cloud
  • Private cloud

Global Managed Serverless Platform Market – By Organization Size

  • Large Enterprises
  • SMEs

Global Managed Serverless Platform Market – By Verticals

  • BFSI
  • Telecommunications and IT
  • Retail and eCommerce
  • Healthcare and Life Sciences
  • Government and Public sector
  • Manufacturing
  • Media and Enetertainment
  • Others (transportation and logistics, energy and utilities, travel and hospitality, and education)

Global Managed Serverless Platform Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Managed Serverless Platform market

A significant boost has been given to the serverless architecture market by the current COVID-19 epidemic. Serverless architecture has seen significant market acceleration as a result of industry verticals quickly adopting advanced cloud technologies like containerization, microservices, and functions-as-a-service (FaaS).

The largest market share for Managed Serverless Platforms was held by North America.

Businesses are under pressure to move to less expensive models due to the widespread use of cloud computing to maintain profitability and market competitiveness, which are the major factors driving the market's growth.

Public cloud had a major share in 2021 with around 70% of the market revenue share. Besides, it is also projected to witness the fastest growth.

Telecommunications and I.T. had a major share in the global market in 2021.

Managed Serverless Platform Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Data Center & Networking
Report ID:   60605
Report Format:   PDF
Pages:   190
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support