Global Function-as-a-Service Market Outlook, Opportunity and Demand Analysis, Forecast 2019-2025
The Infinium Global Research analyzes the Function-as-a-Service Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global function-as-a-service market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of function-as-a-service. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the function-as-a-service market during the period. The global function-as-a-service market is projected to grow at a CAGR of 30.2% over the forecast period of 2019-2025.
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Function-as-a-service is a category of cloud computing service. It offers a platform allowing customers to develop, run, and manage application functionalities without any complexity of building and maintaining the infrastructure.
Maturity of Hosted Services, Scalability, and Agility Drive the Growth of the Function-As-A-Service Market
Factors such as maturity of hosted services, scalability, and agility drive the growth of the function-as-a-service market. The growing need for optimization of microservices and management of multiple platforms contributes to the growth of the function-as-a-service market. Services such as automation and integration and microservice management and monitoring propel the growth of the function-as-a-service market. The rising adoption of function-as-a-service by several companies to run, manage, and deploy applications stimulates the growth of the function-as-a-service market. The shift from DevOps to serverless computing boosts the growth of the function-as-a-service market. On the flip side, issues related to portability to the cloud hinder the growth of the function-as-a-service market. Moreover, microservice-based deployment creates novel opportunities for the growth of the function-as-a-service market.
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Function-as-a-Service Market: Segmentation
The global function-as-a-service market is segmented on the basis of type, application, and deployment model. Based on type, the function-as-a-service market is divided into service type, vertical type, and user type. The service type segment is further divided into API management service, automation and integration service, support and maintenance, and other service types. The vertical type segment includes BFSI, government and public sector, telecommunication, healthcare, and other vertical types. The user type segment is again segmented into developer-centric function-as-a-service and operator-centric function-as-a-service. The application segment includes research and academic application, web-based and mobile application, and other applications. On the basis of the deployment model, the function-as-a-service market is segmented into the private cloud, public cloud, and hybrid cloud.
North America is Expected to Hold A Premium Share in the Global Function-As-A-Service Market
Geographically, the global function-as-a-service market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global function-as-a-service market. The presence of a large number of function-as-a-service providers in North America contributes to the growth of the function-as-a-service market in North America. Asia-Pacific region is anticipated to grow in the global function-as-a-service market with a healthy CAGR over the forecast period. The rising number of software firms in Asia-Pacific contributes to the growth of the function-as-a-service market in the Asia-Pacific region. Europe is growing in the global function-as-a-service market.
Function-as-a-Service Market: Competitive Landscape
The leading players in the global function-as-a-service market are Google LLC, Amazon Web Services Inc., TIBCO Software Inc., SAP SE, Microsoft Corporation, International Business Machines Corporation, Dynatrace LLC, Fiorano Software, Inc., Rogue Wave Software Inc., Infosys Ltd., and other companies. The key players operating in the global function-as-a-service market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the function-as-a-service.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.