According to Inkwood Research, the global serverless architecture market will evolve with a CAGR of 24.57% during the forecast period 2019-2027. The global market generated $XX million in 2018 and is expected to reach a revenue of $XX million by the end of 2027. The base year considered for the market study is 2018.
The global market is classified into segments such as applications, industrial verticals, deployment model, and organization size. Various large, small & medium enterprises use serverless architecture to secure and manage their IT infrastructure along with gaining advantages over competitors. Further, the growing preferences of developers for serverless computing resulted in fueling the market growth of serverless architecture.
Geographically, the global market is divided into few regions such as North America, Asia Pacific, Europe, and Rest of the World regional segment that includes remaining countries. The North America region provides one of the largest markets for serverless architecture owing to the high adoption rate of serverless computing and scope of innovations in organizations. Also, the presence of large players in the market offering computing solutions fuels the growth of serverless architecture market.
The leading companies operating in the serverless architecture market are namely, Salesforce.Com, Inc., Dell EMC Corporation, HP Inc., Amazon Web Services, Microsoft, Fujitsu, Cisco, Google, Oracle Corporation, VMware Inc., SAP, Rackspace Hosting Inc., and IBM Corporation.