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Market Scenario

Function as a service provides a platform allowing customers to develop, run, and manage application functionalities without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app. It is a category of cloud computing services that offers server less architecture.

Major forces driving the growth of function as a service market are maturity of hosted services and a gradual shift to server less architecture. Other factors responsible for driving the growth of function as a service market are agility and scalability.

The Function as a Service Market has been segmented on the basis of user type, service type, application, deployment and vertical. The application segment is further bifurcated into web based and mobile application and research and academic application. Out of which, the web based and mobile applications segment is expected to hold the largest market share while the research and academic applications segment is expected to grow at the highest CAGR during the forecast period. This is owing to the easy deployment solutions and hence offers performance optimization.

The global Function as a Service Market is expected to grow at approx. USD 12 Billion by 2023, at 30% of CAGR between 2017 and 2023.

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Key Players

The prominent players in function as a service market are – IBM (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), SAP SE (Germany), Dynatrace LLC (U.S.), Infosys Ltd. (India), Rogue Wave Software Inc. (U.S.), TIBCO Software Inc. (U.S.), Fiorano Software & Affiliates (U.S.), among others.

Segments:

Function as a service market can be segmented on the basis of following:

By User Type

  • Operator Centric
  • Developer Centric

By Service Type

  • Automation & Integration
  • Microservice Monitoring & Management Services
  • API Management Services
  • Support & Maintenance Services
  • Training & Consulting
  • Others

By Application

  • Web Based & Mobile Application
  • Research & Academic Application
  • Others

By Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Vertical

  • BFSI
  • Manufacturing
  • Healthcare
  • Retail
  • Media
  • IT & Telecommunication
  • Government
  • Others

Regional Analysis:

The regional analysis of function as a service market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in function as a service market in North America is attributed to the technical advancements and increasing investments in cloud based solutions in that region.

Intended Audience

  • Technology investors
  • Research/Consultancy firms
  • Software providers
  • Cloud Service providers
  • Professional Service providers
  • Solution providers
  • Integration service providers
  • Application development platform providers
  • Managed Service Providers (MSPs)
  • System integrators

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TABLE OF CONTENTS

1 Executive Summary

2 Market Dynamics

2.1 Market Growth Factors 13

2.1.1 Agility And Scalability 13

2.1.2 Growing Demand For Serverless Architecture 14

2.1.3 Cost Effectiveness 14

2.2 Market Restraints 15

2.2.1 Architectural Complexity 15

2.2.2 Security Concerns 15

2.3 Function As A Service Principles And Logic 16

2.4 Porter’s Five Forces Analysis 17

3 Global Function as a Service Market, By User Type

3.1 Introduction 18

3.2 Sub-Segment 19

3.2.1 Developer Centric 19

3.2.2 Operator Centric 19

4 Global Function as a Service Market, By Deployment

4.1 Introduction 20

4.2 Sub-Segment 21

4.2.1 Public Cloud 21

4.2.2 Private Cloud 21

4.2.3 Hybrid Cloud 21

5 Global Function as a Service Market, By Services

5.1 Introduction 22

5.2 Sub-Segment 23

5.2.1 Automation & Integration 23

5.2.2 Microservice Monitoring & Management Services 24

5.2.3 API Management Services 24

5.2.4 Support & Maintenance Services 24

5.2.5 Training & Consulting 24

6 Global Function as a Service Market, By Application

6.1 Introduction 25

6.2 Sub-Segment 26

6.2.1 Web & Mobile Based 26

6.2.2 Research & Academic 26

6.2.3 Other Applications 26

Continued…

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