Serverless architecture is an architecture which enables a user to develop and run applications and services without the infrastructural management. The serverless architecture allows a user to run applications, databases, and storage systems without any requirement to supply, scale, and maintain servers. This allows the developers to focus on their core product instead of managing the server and storage. The serverless architecture has enhanced the easiness of deployment, management, and execution to manage the servers in a cost-effective way. Additionally, the adoption of cloud-based technologies and third-party vendors to manage server component in organizations has propelled the serverless architecture market. However, the security and compliance issues of serverless architecture have restricted the growth of the market. The serverless architecture provides various services such as automation and integration services, monitoring services, API management services, security, and support and maintenance. Serverless architecture can be deployed on private as well as public cloud depending upon the requirements of the enterprise.

Geographically, the market has been segmented based on different regions include North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is expected to have significant market share in the serverless architecture market due to the dominance of major players which has strengthened the regional market by providing service in industries such as BFSI (Banking, financial services, and insurance), manufacturing, healthcare, and retail. Further, Asia-Pacific is anticipated to register the highest growth due to growing opportunities in the IT infrastructures in industries such as manufacturing, retail, and BFSI, who are moving towards automation system. Additionally, the increasing investments for digital transformation to reduce the operational costs is further boosting the growth of serverless architecture market within the region. The companies offering serverless architecture solutions include such as Amazon Web Services, Inc., Pivotal Software, Inc., Platform9, Microsoft Corp., IBM Corp., Google LLC, 99x Technology, and Coding Sans, Ltd.

Research Methodology:

The market study of the serverless architecture market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic public databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for medium and small enterprises and large business for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation:

• Global Serverless Architecture Market by Organization
• Global Serverless Architecture Market by Application

The Report Covers:

• Comprehensive research methodology of the serverless architecture market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global serverless architecture market.
• Insights about market determinants which are stimulating the global serverless architecture market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.