According to research report "Function-as-a-Service Market by User Type (Developer-Centric and Operator-Centric), Application (Web & Mobile Based, Research & Academic), Service Type, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2021", The Function-as-a-service (FaaS)market size is expected to grow from USD 1.88 Billion in 2016 to USD 7.72 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast period.
The major drivers of this market include instant provisioning, auto-scaling, pay-as-you-go model, and the availability of mature hosted services.
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The developer-centric FaaS is estimated to dominate the FaaS market share during the forecast period
The developer-centric FaaS segment is estimated to have the largest market share in the FaaS market. Developers are finding increased utility in FaaS for simpler coding and developing as compared to other monolithic architectures which is further driving the market.
The microservice monitoring and management segment is expected to grow at a high CAGR during the forecast period
The microservice monitoring and management services of the FaaS market is witnessing a potential growth in comparison to other applications owing to the benefits it offers such as, easy deployment, operation, and management. The BFSI, healthcare & life sciences, manufacturing, and other verticals are opting for this application to quickly address customer queries and concerns, keeping in mind the long-term benefits. They are additionally achieving a competitive advantage.
North America is the leading region in terms of market share in the FaaS market space
North America is expected to hold the largest market share and dominate the FaaS market in 2016, due to the penetration of large enterprises situated in this region with strong technically sound employees providing continuous innovative technologies, high penetration into the growing industries of the market, and greater efficiency of cloud-based solution in the front office. These are some of the major driving factors contributing to the growth of FaaS in North America.
Major vendors covered in the FaaS market for the study are IBM (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Amazon Web Services(U.S.), SAP SE (Germany), Dynatrace LLC (U.S.), Infosys Ltd. (India), Rogue Wave Software Inc. (U.S.), TIBCO Software Inc. (U.S.), and Fiorano Software and Affiliates (U.S.).
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Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the function as a service market include Amazon Web Services, Google LLC, Dynatrace LLC, Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Tibco Software Inc., Rogue Wave Software, Inc. SAP SE, and Infosys Limited.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Function As A Service Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/function-as-a-service-market/download-sampleMarket DynamicsThe rising usage of hybrid cloud as compared to other cloud is the major factor driving the Function as a service market.
The rise in fluctuating demand for computing and processing leads to high market demand from the companies as the hybrid cloud deployment provides companies an ability to scale their on-premises infrastructure.
The growing shift towards serverless computing and increasing focus towards agility of infrastructure and cost reduction is prompting high market demand in the forecast period.
Moreover, the high growth of cloud-based services and the rise in IoT-based devices are likely to create growth opportunities for key players of the Function as a service market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
During the forecast period, the market will be supported by consumers aiming for more convenience and the presence of effective communication.
High dependence on vendor partners on the other hand will challenge cloud-computing service sector based organizations functioning in the global Function as a Service industry.Researchers have segmented the market into application, deployment, service type, user type, and vertical segments based on products and services.
Analysts have studied the strategy of cloud-computing service segment based organizations to help new entrants and established businesses.
The market is further segmented into service type sub segment which is split into API management services, automation and integration, micro service monitoring and management services, support and maintenance services, and others.
But the report also identifies the lack of investments in R and the lack of developed infrastructure as major threats companies in cloud-computing service will face till 2023.
Function as a Service Market Regional OverviewCloud-computing service market-based companies in the Function as a Service market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world.
The latest trending report Global Function-as-a-Service Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Function-as-a-Service market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 25.3% in the forecast period of 2020 to 2025 and will expected to reach USD 7063.9 million by 2025, from USD 2861.4 million in 2019.The Function-as-a-Service market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/35085-function-as-a-service-market-analysis-reportThe major players covered in Function-as-a-Service are:IBM (US)Rogue Wave Software (US)Amazon Web Services(US)Google (US)Infosys (India)Microsoft (US)Fiorano Software and Affiliates (US)Dynatrace (US)SAP (Germany)TIBCO Software (US)By Type, Function-as-a-Service market has been segmented into: Developer-Centric Operator-CentricBy Application, Function-as-a-Service has been segmented into: Web & Mobile Based Research & AcademicThe report offers in-depth assessment of the growth and other aspects of the Function-as-a-Service market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Function-as-a-Service Market @ https://www.decisiondatabases.com/contact/download-sample-35085 There are 14 Chapters to deeply display the global Function-as-a-Service market.1 Function-as-a-Service Market Overview2 Company Profiles3 Global Function-as-a-Service Market Competition, by Players4 Global Function-as-a-Service Market Size by Regions5 North America Function-as-a-Service Revenue by Countries6 Europe Function-as-a-Service Revenue by Countries7 Asia-Pacific Function-as-a-Service Revenue by Countries8 South America Function-as-a-Service Revenue by Countries9 Middle East and Africa Revenue Function-as-a-Service by Countries10 Global Function-as-a-Service Market Segment by Type11 Global Function-as-a-Service Market Segment by Application12 Global Function-as-a-Service Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Function-as-a-Service Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-35085Other Reports by DecisionDatabases.com:Global Business Process-as-a-Service Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Energy-as-a-Service (EaaS) Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Insights-as-a-Service Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
Market ScenarioFunction as a service provides a platform allowing customers to develop, run, and manage application functionalities without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app.
It is a category of cloud computing services that offers server less architecture.Major forces driving the growth of function as a service market are maturity of hosted services and a gradual shift to server less architecture.
Other factors responsible for driving the growth of function as a service market are agility and scalability.The Function as a Service Market has been segmented on the basis of user type, service type, application, deployment and vertical.
The application segment is further bifurcated into web based and mobile application and research and academic application.
Out of which, the web based and mobile applications segment is expected to hold the largest market share while the research and academic applications segment is expected to grow at the highest CAGR during the forecast period.
This is owing to the easy deployment solutions and hence offers performance optimization.The global Function as a Service Market is expected to grow at approx.
The global function as a service is growing rapidly.
The function as a service (FaaS) platform provides organizations with auto-scalable architecture that enables resources to handle extra activity even when the load is more and reduces resources when the load is reduced.With the rising demand for auto-scalar performs to automatically scaling rules defined by the users, the market is projected to garner significant traction in the years to come.
In this regard, Market Research Future (MRFR) asserts that the global function as a service market is forecasted to reach exponential valuation by 2027, growing at a phenomenal CAGR during the assessment period (2020 – 2027).Additional factors bolstering the market size include the high adoption of automation across business processes and the rising utilization of cloud technology within enterprises to enhance business operations.
The augmenting demand for time and cost-effective manufacturing techniques and the spurting rise in the semiconductors and consumer electronics market acts as key driving forces.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3324Global Function as a Service Market – SegmentationThe report is segmented into user types, service types, applications, deployments, verticals, and region.
The service type segment is sub-segmented into automation & integration, microservice monitoring & management services, API management services, support & maintenance services, and others.The application segment is sub-segmented into web-based & mobile applications, research & academic application, and others.
The spurting growth in consumer electronics, automotive, aerospace & defense, and telecommunication industries stimulates market growth.The Asia Pacific Function as a Services Market Report is witnessing a rapid expansion.
