Global Function as a Service Market, By Services Type (API Management Service, Automation and Integration Service, Support And Maintenance, Other), By Product (Developer-centric Function-as-a-service, Operator-centric Function-as-a-service), By Industry Verticals (BFSI, Government And Public Sector, Telecommunication, Healthcare, Other) and opportunities and forecast 2020-2027
Function as a Service Market Overview
The global function-as-a-service (FaaS) market is growing because of a rise in app development activities, an amendment from DevOps to server less computing, and a growing need to attenuate server administration difficulties. Third-party API difficulties, on the opposite hand, stymie growth. Within the next years, however, the increase of function-as-a-service applications within the developing IoT landscape, in addition, because the growth of the cloud infrastructure services business, can give new opportunities. Fast technology advancements and innovations have resulted in the transformation of assorted industries into a data-driven paradigm that has resulted during an excess of recent opportunities. Moreover, enterprises that are unit reworking their businesses using this technology for device integration and administration to enhance productivity and cost-efficiency are supporting a significant surge in IoT adoption. Within the increasing IoT landscape, server less computing has found varied uses, like processing.
The advancement in technology is well-liked among developers since it eliminates the requirement to worry concerning code execution. Moreover, no direct association with the software is needed to manage the code. This attracts massive developers as a result of it permits them to focus fully on application writing. Moreover, it allows engineers to use code across multiple comes, removing issues like network troubleshooting. The drag-and-drop interface choices modify for the short use of reusable code, which may cut development and testing time in half. As a result of time is effective in today's continuous unleash cycles, a reusable code strategy enabled by server less computing considerably reduces development time and will increase resource economies of scale. As a result, developers embracing clutch server less computing, propulsive propellant Function-as-a-Service market forward.
Report Metric
Details
Market size available for years
2019–2027
Base year considered
2019
Forecast period
2020–2027
Forecast unit
Value (USD Million)
Segments covered
Mode Type, Product, Application and Region
Regions covered
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered
IBM, Google Inc., Microsoft Corporation, Amazon Web Services, SAP SE, Dynatrace LLC, Infosys Ltd., Rogue Wave Software Inc., TIBCO Software Inc. and Fiorano Software and Affiliates.
The covid-19 Impact on Function as a Service Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Function as a Service Market Segment Overview
By Services Type, the automation and integration service sort is anticipated to carry the largest market share, whereas the micro service observance and management service is anticipated to develop at the quickest CAGR.
Organizations can still need numerous service sorts to help them in managing totally different platforms and optimizing micro services, which will boost the entire, perform as a Service market even any.
By Type, Developer centrically FaaS segment is anticipated to account for the major market share by 2027. Developers are more and more exploitation the FaaS platform for cryptography due to their cost-saving advantages. In addition, they supply less complicated ways for cryptography, not like alternative monolithic architectures. These aids have helped drive the market share of the function-as-a-service market globally.
By Industry Verticals, Healthcare segment accounted major market share in forecast period. The growing demand for improved tending across the globe and advantages like increased information usage and medical analysis and fewer prices are driving the market within the major regions.
Market Analysis, Insights and Forecast – By Services Type · API Management Service · Automation And Integration Service · Support And Maintenance · Other
Market Analysis, Insights and Forecast – By Type · Developer-centric Function-as-a-service · Operator-centric Function-as-a-service
Market Analysis, Insights and Forecast – By Industry Verticals · BFSI · Government And Public Sector · Telecommunication · Healthcare · Other
Function as a Service Market Regional Overview
Region-wise, in terms of regions, North America is predicted to carry the largest market share and dominate the FaaS market in 2016. There are various factors that contribute to this growth; they are the presence of pre-existing mature cloud infrastructure alongside the supply of employees who possess strong technical skills, enhancing technologically advanced solutions and services, and high penetration into the growing industries of the market.
Function as a Service Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Function as a Service Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Function as a Service are highlighted below.
· In 2020, Microsoft Corporation and NTT DATA Corporation announced an expansion of the alliance with attention on accelerating enterprise customer’s digital transformation with Microsoft Azure as a preferred cloud solution to assist accelerate business and increase workplace productivity.
Function as a Service Market, Key Players
· IBM · Google Inc. · Microsoft Corporation · Amazon Web Services · SAP SE · Dynatrace LLC · Infosys Ltd. · Rogue Wave Software Inc. · TIBCO Software Inc. · Fiorano Software and Affiliates
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Function as a Service market during the forecast period?
A. The Function as a Service market is expected to record a CAGR of ~27% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Function as a Service Market?
A. Developer-centric Function-as-a-service segment is projected to hold the largest share in the Function as a Service Market.
Q3. What are the driving factors for the Function as a Service market?
A. Developers are more and more exploitation the FaaS platform for cryptography due to their cost-saving advantages is key factors that boost the growth of the Function as a Service market progressively.
Q4. Which Segments are covered in the Function as a Service market report?
A. Service Type, Type, Industry Vertical and Region, these segments are covered in the Function as a Service market report.
Q5. Which are the prominent players offering Function as a Service?
A. IBM, Google Inc., Microsoft Corporation, Amazon Web Services, SAP SE, Dynatrace LLC, Infosys Ltd., Rogue Wave Software Inc., TIBCO Software Inc. and Fiorano Software and Affiliates.
Function as a Service Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Function as a Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Services Type
5.2.1. API Management Service
5.2.2. Automation And Integration Service
5.2.3. Support And Maintenance
5.2.4. Other
5.3. Market Analysis, Insights and Forecast – By Type
5.3.1. Developer-centric Function-as-a-service
5.3.2. Operator-centric Function-as-a-service
5.4. Market Analysis, Insights and Forecast – By Industry Verticals
5.4.1. BFSI
5.4.2. Government And Public Sector
5.4.3. Telecommunication
5.4.4. Healthcare
5.4.5. Other
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America, Middle East, and Africa
6. North America Function as a Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Services Type
6.2.1. API Management Service
6.2.2. Automation And Integration Service
6.2.3. Support And Maintenance
6.2.4. Other
6.3. Market Analysis, Insights and Forecast – By Type
6.3.1. Developer-centric Function-as-a-service
6.3.2. Operator-centric Function-as-a-service
6.4. Market Analysis, Insights and Forecast – By Industry Verticals
6.4.1. BFSI
6.4.2. Government And Public Sector
6.4.3. Telecommunication
6.4.4. Healthcare
6.4.5. Other
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Function as a Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Services Type
7.2.1. Single – Mode
7.2.2. Multiple – Mode
7.3. Market Analysis, Insights and Forecast – By Type
7.3.1. Connectorized Assemblies
7.3.2. Long Length Assemblies
7.3.3. High Complex Breakout Assemblies
7.3.4. Fibre Jumpers
7.4. Market Analysis, Insights and Forecast – By Industry Verticals
7.4.1. Telecom
7.4.2. Military/Aerospace
7.4.3. Medical
7.4.4. Test & Measurement
7.4.5. Computer & Peripherals
7.4.6. Others
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Function as a Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Services Type
8.2.1. API Management Service
8.2.2. Automation And Integration Service
8.2.3. Support And Maintenance
8.2.4. Other
8.3. Market Analysis, Insights and Forecast – By Type
8.3.1. Developer-centric Function-as-a-service
8.3.2. Operator-centric Function-as-a-service
8.4. Market Analysis, Insights and Forecast – By Industry Verticals
8.4.1. BFSI
8.4.2. Government And Public Sector
8.4.3. Telecommunication
8.4.4. Healthcare
8.4.5. Other
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. South East Asia
8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Function as a Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Services Type
9.2.1. API Management Service
9.2.2. Automation And Integration Service
9.2.3. Support And Maintenance
9.2.4. Other
9.3. Market Analysis, Insights and Forecast – By Type
9.3.1. Developer-centric Function-as-a-service
9.3.2. Operator-centric Function-as-a-service
9.4. Market Analysis, Insights and Forecast – By Industry Verticals
9.4.1. BFSI
9.4.2. Government And Public Sector
9.4.3. Telecommunication
9.4.4. Healthcare
9.4.5. Other
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil
9.5.2. Saudi Arabia
9.5.3. UAE
9.5.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. IBM
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Google Inc.
10.6. Microsoft Corporation
10.7. Amazon Web Services
10.8. SAP SE
10.9. Dynatrace LLC
10.10. Infosys Ltd.
10.11. Rogue Wave Software Inc.
10.12. TIBCO Software Inc.
List of Figures
Figure 1: Global Function as a Service Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Function as a Service Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Function as a Service Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Function as a Service Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Function as a Service Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Function as a Service Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Function as a Service Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Function as a Service Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027