Serverless Architecture Market Trends, Opportunities and Forecast to 2025

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The Global Serverless Architecture Market Report 2019 - 2025 analyzes the important factors of this market based on present industry situations, market demands, business strategies utilized by the market players and their growth synopsis. This report divides based on the key players, type, application and regions are mentioned below.

Advancement in cloud technology is enabling organizations to install the software, increasing the serverless architecture market demand. The platform provides enterprise-level security, automatic scaling, and ease in handling of data, making it easy to draw resources from different physical hubs. Moreover, the platform allows companies to have large space and ease in the expansion of space whenever necessary.

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Enterprises are focusing on internal expansion for managing high data traffic on their IT infrastructure. Companies are shifting their data from traditional systems to cloud technology. For instance, in 2016, the Coca-Cola Company, North America moved to a serverless framework for its vending machines. The newly installed serverless systems replaced the old vending machines and reduced the annual running costs to USD 4,500 down from USD 13,000. Such implementations are driving the market growth.

Europe accounted for a majority of the serverless architecture market share. With the rise in the number of IT companies and growth in small & medium businesses, the demand for serverless technologies is increasing. In the region, several companies are implementing cloud computing. These companies are using virtual servers from cloud providers, such as Microsoft and Amazon, eliminating the need for physical hardware, but still requiring some level of management of the operating system and web server software processes.

With serverless architecture, companies can focus on individual functions in their applications. Services, such as Microsoft Azure Functions, AWS Lambda, and Twilio Functions, help in taking care of the virtual machine operating system, physical hardware, and web-based server software management systems for companies, thereby reducing the infrastructure costs for companies. Such factors are presenting several opportunities for the market.

In the manufacturing sector, the use of cloud technology is anticipated to increase in the coming years, driving the serverless architecture market demand. Several companies in this sector are looking to enhance their production and efficiency by using advanced solutions. With the use of intelligent cloud-based systems, manufacturers are able to achieve speed, scale, and accuracy in their operations.

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Moreover, this architecture will help in the supply chain management, helping to predict the inventory usage & replenishment based on previous user demand and can be achieved using cloud-based architecture. The software can handle tracking and traceability, saving the manufacturer's time & effort by checking the quality of products. Several companies are implementing the architecture, thereby reforming the manufacturing sector. Such factors will boost the serverless architecture market over the coming years.

The key players operating in the serverless architecture market are Google LLC, Amazon Web Services (AWS), Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, CA Technologies, Inc., Rackspace, Inc., Alibaba Group Holding Limited, Nasuni Corporation, TIBCO Software Inc., Platform9 Systems, Inc., Syncano , Inc., NTT Data Corporation, Joyent, Iron.io, StdLib, Realm, Galactic Fog, and ModuBiz.

About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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