Severless Apps Market By Services (Automation & Integration, API Management, Monitoring, Security, Support and Maintenance), Enterprise Size (Large Enterprise, SME), End-User (BFSI, Government & Public, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Retail & Ecommerce, Telecom & IT) & Region for 2021 – 2031: Analysis and Review

Severless Apps Market By Services, Enterprise Size, End-User & Region – Forecast 2021 – 2031

Severless Apps Market Overview

Severless apps market is expected to grow at a CAGR of 16.6% during the forecast period of 2021-2031. Serverless is a cloud-native development model that permits developers to build and run applications without having to manage servers.

There are still servers in serverless, which are abstracted away from app development. A cloud provider handles the work of maintaining, provisioning, and scaling the server infrastructure. Developers simply package the code in containers for deployment.

What is Driving Demand for Severless Apps?

Serverless apps market is majorly driven by rapid app development, move from DevOps to serverless computing, and increasing need to eradicate management of servers. Moreover, benefits such improved scalability and cost-efficiency of serverless apps are positively impacting the market growth.

Also, continuous rise in the adoption of cloud technologies and the development of serverless computing in increasing IoT landscape are anticipated to give lucrative opportunities for the global market.

By adopting serverless apps, organizations can efficiently eliminate expensive traditional and time-consuming approaches. It helps in shifting the responsibility of managing servers, application logic, and databases, which eliminates set-up and maintenance costs.

BFSI is Expected to Hold the Largest Share of the Severless Apps Market by End-User

On the basis of end-user, the market for severless apps is segmented into BFSI, government & public, healthcare & life sciences, manufacturing, media & entertainment, retail & ecommerce, telecom & IT, and others. The banking, financial services, and insurance (BFSI) segment dominated the market in 2020 and is expected to grow with the same pace during the forecast period.

Major companies in the BFSI vertical have a substantial user base, deployment of serverless apps has allowed enterprises in auto-scaling to highly variable or an unpredictable demand and resulted in benefitting by handling a variety of functions.

This further helps in optimizing the bank workflow, offers quick responses, and upsurges customer satisfaction. As banks focus on enhancing the customer services by innovative technologies, serverless apps has reduced developer’s operational burden and improved performance and overall productivity.

North America Severless Apps Demand Outlook

North America is one of the largest markets for severless apps across the globe. The growth is majorly attributed to the presence of the major players in the region. U.S. is the major contributor to the regional market. It has further strengthened the market with industries such as manufacturing, BFSI, retail, healthcare, boosting of a large user base.

Enterprises are continuously innovating and adopting new technologies and delivering to new features to stay competitive in the market. Additionally, North America happens to be the most rapidly changing and competitive market across the globe. Also, the region is also anticipated to adopt new technologies at a faster pace as compared to other countries across the globe.

Asia Pacific Demand Outlook for Severless Apps

Asia Pacific is accounted the highest CAGR and is anticipated to grow with the same pace in the upcoming years. Traditional IT infrastructure in the industries like retail, manufacturing, and BFSI are gradually shifting toward automation, which is positively influencing the market growth.

With the adoption of new cloud-based technologies, serverless apps is composed to witness substantial growth during the forecast period. Also, growing investments in digital transformation to eliminate the operational costs is predicted to be a major factor driving the market in Asia Pacific.

Who are the Key Manufacturers and Suppliers of Severless Apps?

Some of the leading players of severless apps market are

  • Amazon Web Services Inc.
  • CA Technologies
  • Alibaba Cloud
  • Dynatrace
  • Galactic Fog IP Inc.
  • Fiorano Software Inc.
  • Google LLC
  • Joyent Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Manjrasoft Pty Ltd.
  • ModuBiz Ltd.
  • Oracle Corporation
  • Realm
  • Platform9 Systems
  • Rackspace Inc. Snyk Ltd.
  • StdLib
  • TIBCO Software Inc.
  • SixSq
  • Tarams Technologies
  • NTT Data
  • Twistlock.

The key players operating in the market are focused on acquisitions, partnerships, and new product launches in order to strengthen their presence and enhance their product portfolio in the market. Product launches and development is one of the key strategy adopted by the company. For instance, Amazon Web Services, Inc., announced the general availability of AWS Proton, an application delivery service which makes customers easier to deploy, provision, and monitor the microservices which forms the basis of serverless applications and modern container.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Severless Apps Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may time to reflect in the analysis.

Key Segments

By Services:

  • Automation & Integration
  • API Management
  • Monitoring
  • Security
  • Support and Maintenance
  • Training and Consulting
  • Others

By Enterprise Size:

  • Large Enterprise
  • SME

By End-User:

  • BFSI
  • Government & Public
  • Healthcare & Life Sciences
  • Manufacturing
  • Media & Entertainment
  • Retail & Ecommerce
  • Telecom & IT
  • Others

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • Malaysia
    • Indonesia
    • Singapore
    • Australia & New Zealand
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of Middle East & Africa

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Severless Apps Market