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Oct 21, 2019 6:42 AM ET

Serverless Architecture Market Insight: Globally Grows at a CAGR of over 26% by Revenue during the Forecast Period 2019-2023

Serverless Architecture Market Insight:  Globally Grows at a CAGR of over 26% by Revenue during the Forecast Period 2019-2023

iCrowd Newswire - Oct 21, 2019

Global “Serverless Architecture Market” Report offers overall business strategies and market trends to those who are actively seeking an effective way to grow in the industry. Research report on Serverless Architecture Market describes emerging Key players, sales by types and application, and revenue market share by region. The report justifies that why this Serverless Architecture market will drive growth between the years 2019 to 2023. Serverless Architecture Market Report also includes growth rate, gross margin, Sales Volume, Business SWOT analysis and forecast which satisfies all conditions to make genuine decisions.

“Serverless Architecture market is giving the largest share of 23.82% in 2018 and expected to grow at compound annual growth rate (CAGR) of over 26% during forecast period 2019-2023.“

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About Serverless Architecture Market:

Serverless architecture allows users to shift their operations to the cloud server. Our serverless architecture market analysis considers sales to BFSI, government, telecommunication, healthcare, retail, media and entertainment, and other end-users segments. Our analysis also considers the sales of serverless architecture solutions in APAC, Europe, MEA, North America, and South America. In 2018, the BFSI segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the increasing data generation in the BFSI sector owing to significant online transactions and transformation of business processes to digital models will significantly help the segment in maintaining its leading market position. Also, our global serverless architecture report has observed market growth factors such as the reduction in operating cost, increasing popularity of SOA, and proliferation of the cloud deployment model. However, challenges such as serverless computing introducing new security concerns, stringent cloud data storage regulations, function event data injection risk may hamper the growth of the serverless architecture industry over the forecast period.

Market Driver: reduction in operating costMarket Trend: digital transformationMarket Challenge: new security concerns.Reduction in operating costThe service providers of serverless architecture provide most of the backend services. Therefore, the developers do not have to spend on purchasing, provisioning, and managing backend servers. The benefit of reduced operating cost is promoting significant adoption of serverless architecture across all end-user sectors. As a result, the market is expected to record a CAGR of over 26% during the forecast period.Digital transformationEnterprises have been increasingly setting up IT infrastructure to leverage benefits such as cost efficiency, business agility, and reduced resiliency. The IT infrastructures are further transforming account of the availability of advanced technologies. This will increase the deployment of software, which depend on storage and processing capacity. The role of serverless architecture is gaining prominence for processing and storage requirements. Therefore, Digital transformation will have a positive impact on the overall market growth.

Serverless Architecture Market has been segmented on the basis of industry which comprises of:

Serverless Architecture Market Report initially describes methodology and research approach, research programs (Design), market size estimation, market breakdown and data tracking (measurement), the data source which includes secondary sources and primary sources etc. These data will help to measure market coverage and competitive analysis of Serverless Architecture Industry.

The intended increase in the Serverless Architecture Market and an overall growth in the industry are the principal aspects of this global market. In addition, the rising focus on key players on developing new technology, along with the increased marketing activities is projected to raise market growth during the forecast period. The emergence new advancements and factors encouraging the market growth is mentioned in the report.

Serverless Architecture market report provides regional analysis forecast (2019-2023) including following regions and country level analysis:APAC, Europe, MEA, North America, and South America

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Why should one buy this report?

Lastly Serverless Architecture Market analyse different driving factors associated with Serverless Architecture market growth, major challenges, and Serverless Architecture opportunities. Serverless Architecture market surveys on dynamics, the scope of production, a study on the complete pricing of the top manufacturer.

No. of Pages: 144

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TOC of Serverless Architecture Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY END-USERMarket segmentation by end-userComparison by end-userBFSI – Market size and forecast 2018-2023Government – Market size and forecast 2018-2023Telecommunication – Market size and forecast 2018-2023Healthcare – Market size and forecast 2018-2023Retail – Market size and forecast 2018-2023Media and entertainment – Market size and forecast 2018-2023Other end-users – Market size and forecast 2018-2023Market opportunity by end-userPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonNorth America – Market size and forecast 2018-2023APAC – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 11: MARKET TRENDSDigital transformationIncreasing demand for vast server space and speedHigh internet penetration due to increasing online contentPART 12: VENDOR LANDSCAPEOverviewLandscape disruption

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Contact Us:

Name: Ajay More

Phone: US +1424 253 0807/ UK +44 203 239 8187

Email ID: [email protected]

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