The latest market report published by Credence Research, Inc. “Global Serverless Apps Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global Serverless apps market has witnessed steady growth in recent years and is expected to grow at a CAGR of 22.50% between 2023 and 2030. The market was valued at USD 9.1 billion in 2022 and is expected to reach USD 37.66 billion in 2030.
The serverless apps market is a rapidly growing segment of the technology industry that revolves around the development and deployment of applications without the need to manage traditional server infrastructure. In serverless computing, cloud service providers automatically manage the underlying hardware and infrastructure, allowing developers to focus solely on writing code and defining the application's functionality.
This paradigm shift has gained popularity due to its scalability, cost-efficiency, and ease of development. Organizations across various industries are increasingly adopting serverless technology to build and run applications, leveraging its advantages in agility, reduced operational complexity, and the ability to handle variable workloads seamlessly. As businesses continue to embrace digital transformation, the serverless apps market is expected to expand further, offering new opportunities and solutions for software development and deployment.
Here are some of the major challenges and risks associated with serverless computing:
Vendor Lock-In: Serverless platforms are offered by cloud providers, and once an organization builds its applications on a specific provider's infrastructure, it can be challenging to migrate to another provider. This creates a risk of vendor lock-in, potentially limiting flexibility and increasing long-term costs.
Limited Control over Infrastructure: Serverless abstracts away much of the underlying infrastructure, which can be advantageous for ease of use. However, it also means that organizations have limited control over the environment, making it difficult to fine-tune performance or security settings to meet specific needs.
Cold Start Latency: Serverless functions can experience latency when they are invoked, especially if they need to start from a "cold" state. This latency can impact real-time applications that require instant response times.
Security Concerns: While cloud providers invest heavily in security, serverless apps still face security challenges. Organizations must ensure that their serverless functions are configured securely, and data protection measures are in place to prevent unauthorized access.
Some of the major players in the market and their market share are as follows:
· Amazon Web Services
· Microsoft Corporation
· Google LLC
· IBM Corporation
· Cisco System, Inc
· Oracle Corporation
· Rackspace Technology
· TIBCO Software Inc.
Browse 232 pages report Serverless Apps Market By Applications (Real-Time File/Stream Processing, Web Application Development, IoT Backend, Others) By Enterprise Size Types (SMEs, Large Enterprises) By Industry Type (IT & Telecommunication, BFSI, Retail, Government, Manufacturing, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 - https://www.credenceresearch.com/report/serverless-apps-market
The serverless apps market offers a range of key offerings that cater to the needs of developers and organizations looking to build, deploy, and manage serverless applications. These offerings provide tools, services, and platforms that streamline the development process and enhance the functionality of serverless applications.
Market Segmentation
By Applications
· Real-Time File/Stream Processing
· Web Application Development
· IoT Backend
· Others
By Enterprise Size Types
· SMEs
· Large Enterprises
By Industry Type
· IT & Telecommunication
· BFSI
· Retail
· Government
· Manufacturing
· Others
Serverless Apps Market Partners and Acquisitions
Partnerships:
· Serverless Framework and AWS: The Serverless Framework, an open-source serverless application framework, has a strong partnership with AWS. This partnership has resulted in seamless integration and support for AWS Lambda, making it easier for developers to build and deploy serverless applications on AWS infrastructure.
· Microsoft and HashiCorp: Microsoft Azure has partnered with HashiCorp, the company behind popular DevOps tools like Terraform and Vault. This collaboration aims to provide better infrastructure automation and management solutions for serverless applications on Azure.
· Google Cloud and TriggerMesh: Google Cloud has partnered with TriggerMesh, a serverless integration platform, to simplify the orchestration of serverless functions and events across different cloud providers. This partnership enhances multi-cloud serverless capabilities.
Acquisitions:
· Twilio and Segment: Twilio, a cloud communications platform, acquired Segment, a customer data platform, to expand its serverless communication offerings. This acquisition allows Twilio to provide serverless data integration and analytics capabilities.
· MongoDB and Realm: MongoDB, a leading NoSQL database provider, acquired Realm, a serverless application platform. This acquisition enables MongoDB to offer a more comprehensive serverless development experience for mobile and web applications.
· Cisco and AppDynamics: Cisco acquired AppDynamics, an application performance monitoring company. While not directly related to serverless, this acquisition enhances Cisco's ability to monitor and manage serverless applications and their performance.
Why to Buy This Report-
· The report provides a qualitative as well as quantitative analysis of the global Serverless Apps Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
· The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
· Major nations in each region with their import/export statistics
· The global Serverless Apps Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Complete Report- https://www.credenceresearch.com/report/serverless-apps-market
Visit our Website- https://www.credenceresearch.com/
Related Reports- https://www.credenceresearch.com/report/saudi-arabia-data-center-market
https://www.credenceresearch.com/report/us-it-staffing-market
Browse Our Blog- https://www.linkedin.com/pulse/serverless-apps-market-size-expected-acquire-usd-3766-vanshika-shukla
https://hackmd.io/@vanshikashukla/serverless-apps-market
About Us -
Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 10,000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. For nearly a century, we’ve built a company well-prepared for this task.
Contact Us:
Office No 3 Second Floor, Abhilasha Bhawan, Pinto Park, Gwalior [M.P] 474005 India
Comments
0 comment