As per Inkwood Research, in 2018, the Europe serverless architecture market contributed revenue of $XX million and is predicted to generate a value of $XX million by the end of 2027. The market is expected to evolve with a CAGR of 24.86% during the forecast period of 2019 to 2027.
The serverless architecture market in the Europe region is studied over the countries, namely Spain, Russia, Germany, United Kingdom, Italy, France, and Rest of Europe regional segment, which includes other European countries. The prospering IT industry in Russia, Germany, and other economies helps the serverless architecture to grow in the region. On the other hand, the Digital Agenda of Spain with a focus on innovation and promotion of cloud computing contributes towards the growth of serverless architecture market in the country. Thus, the growing investments in big data solutions coupled with favorable government policies elevate the growth of Europe serverless architecture market.
The Europe serverless architecture market has the presence of numerous key players. Some of the leading companies operating in the market are such as VMware Inc., SAP, Google, Microsoft, Oracle Corporation, Salesforce.Com Inc., Rackspace Hosting Inc., HP Inc., and Fujitsu. The market is highly competitive, with the presence of major players. Also, the requirement of high capital investment and extensive research in the development of efficient systems are posing as entry-level barriers for the new entrants.