Category

Function As A Service (FaaS) Market Size, Share, Opportunities, And Trends By Deployment Model (Public, Private, Hybrid), By Enterprise Size (Small, Medium, Large), By End-User Industry (BFSI, Communication And Technology, Retail, Media And Entertainment, Others) And Geography - Forecasts From 2019 To 2024

106 pages
Published on : May 2019
Report Code : KSI061612325

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Description

The Function as a Service (FaaS) market is projected to grow at a CAGR of 18.37% during the forecast period. The growth of the function as a service (FaaS) market is majorly attributed to the increasing focus of enterprises towards agility of infrastructure and cost reduction. As these remain the key focal points for many enterprises, the popularity of serverless computing has been increasing significantly over the past few years. Companies are shifting from legacy DevOps trend to serverless computing on account of significantly high ease of deployment and management associated with it besides huge cost savings which come with it. This increasing shift towards serverless computing is driving with it the demand for Function as a Service, thus boosting the growth of the market. However, challenges associated with the running of various applications in a cloud environment, owing to incompatibility of such applications with various cloud environments, is limiting the growth of this market to some extent.

DRIVERS

Growing shift towards serverless computing
Increasing focus towards agility of infrastructure and cost reduction

RESTRAINTS

Incompatibility of some applications with cloud environment

INDUSTRY UPDATE
Recently Pivotal has launched ‘Pivotal Function Service’ which is a multi-cloud function service.
The major players profiled in the Function as a Service (FaaS) market include IBM, Amazon Web Services, Google, and Microsoft.

Segmentation

The Function as a Service (FaaS) Market has been analyzed through the following segments:

By Deployment Model

Public
Private
Hybrid

By Enterprise Size

Small
Medium
Large

By End-User Industry

BFSI
Communication and Technology
Retail
Media and Entertainment
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
Australia
India
Others

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