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Market Size – USD 13.47 Billion in 2021, Market Growth - CAGR of 23.0%, Market Trends
NEW YORK CITY, NEW YORK, USA, August 4, 2022 /EINPresswire.com / -- The global serverless architecture market is forecast to reach USD 86.94 Billion by 2030, according to a new report by Reports and Data. Serverless architecture is the application that depends on third-party services or on custom code that is run in ephemeral containers. Despite the name, it does not involve running the code without servers. The name 'serverless computing' is applied because the business or person that owns the system does not have to rent, purchase or provision servers or virtual machines for the back-end code to run on.
Application of serverless architecture by developers are made so that they can focus on the core product instead of handling, managing and operating server issues, either in the cloud or on-premises. The reduced time with the serverless architecture helps developers reclaim time and energy that can be spent on developing new reliable products.
Serverless architecture benefits from significant amount of cost reduction, complexity, and engineering lead time, at the cost of increased reliance on vendors and comparatively immature supporting services. Serverless architecture is being applied by cloud vendors such as AWS, in conferences to meetups to blog posts. It assures the possibility of ideal business implementation, which is cost-efficient as well.
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Top Profiled in the Serverless Architecture Market Report:
•Amazon Web Services
•Alibaba Cloud
•CA Technologies
•Dynatrace LLC
•Fiorano Software
•Google LLC
•IBM Corporatio
•Microsoft Corporation
•NIT Data Corporation
•Oracle Corporation
Market Segmentation:
Software Type Outlook (Revenue, USD Billion; 2019-2030)
•Function-as-a-service (FaaS)
•Backend-as-a-service (BaaS)
•Database
Deployment Outlook (Revenue, USD Billion; 2019-2030)
•Cloud
•On-premise
•Others
Application Outlook (Revenue, USD Billion; 2019-2030)
•Customer relationship management (CRM)
•Data Analytics
•Finance
•Human resource information system
•Others
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Key Takeaways of the Serverless Architecture Market Report:
•A comprehensive overview of the global Serverless Architecture industry.
•Accurate market projections in terms of market size, share, and volume.
•Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
•Deep-dive analysis of the upcoming market trends.
•Qualitative and quantitative analyses of the Serverless Architecture Market.
•Elaborate study of the leading regional markets in the Serverless Architecture Market.
•Complete overview of the market's competitive landscape.
•Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
•North America
oU.S.
oCanada
oMexico
•Europe
oRussia
oU.K.
oGermany
oFrance
oBENELUX
oRest of Europe
•Asia Pacific
oChina
oJapan
oIndia
oSouth Korea
oRest of Asia Pacific
•Latin America
oBrazil
oRest of Latin America
•Middle East & Africa
oSaudi Arabia
oU.A.E.
oIsrael
oRest of Middle East & Africa
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Tushar Rajput
Reports and Data
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