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Sept. 18, 2019, 4:47 a.m. EDT

Serverless Architecture Market Size 2019 From Manufacturing Sector To Witness Robust Growth Over 2025

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Sep 18, 2019 (AmericaNewsHour) -- Serverless architecture market size is anticipated to grow significantly to 2025 due to increasing demand in the manufacturing sector, the use of cloud technology is anticipated to increase in the coming years. 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. 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.

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Increase in the demand for IoT technology in several sectors has reduced human effort. Usability of serverless architecture with IoT system will improve the products in several ways, such as setting up a managing infrastructure in the cloud, to perform various functions including the processing of data generated from a network of devices in real-time, and analyzing the data to gain insights, thereby boosting the serverless architecture market. As IoT devices generate & store large data, the need for flexible space is necessary to overcome the problems caused due to the lack of space. With cloud hosting, the cost for handling the server for any IoT-based device can be reduced, increasing the efficiency for various start-up companies. For instance, Canary, a home security system provider, makes use of cloud technology to help users store data on a serverless platform. With the use of this technology in various IoT devices, the demand for market will rise.

Latency, loss of control, loss of performance, and security issues are hindering the serverless architecture market growth. Serverless technology inherently involves giving up full control of data to the cloud technology, which is connected digitally and is easy to hack as cyber-attack is leading to the loss of important data. Moreover, serverless technologies have virtual servers that hide the program execution. This has forbidden several coders to make changes in the performance during the peak period and impacting the business performance; hence, companies are not willing to implement this architecture, thereby impacting the market. 

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 serverless architecture market.

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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. These companies are trying to incorporate several changes in the usage of serverless architecture in various sectors.

 Serverless Architecture Market, By Model

  • Private cloud

  • Public cloud

  • Hybrid cloud

Serverless Architecture Market, By Organization Size

  • SMEs

  • Large enterprises

 Serverless Architecture Market, By Type

  • API management

  • Automation & integration

  • Monitoring

  • Security

  • Support & maintenance

  • Training & consulting

  • Others

 Market, By Model

  • BFSI

  • Colocation

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