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Function-as-a-Service Market Worth 7.72 Billion USD by 2021PUNE, India, February 15, 2017 /PRNewswire/ -- According to a new market research report "Function-as-a-Service Market by User Type (Developer-Centric and Operator-Centric), Application (Web & Mobile Based, Research & Academic), Service Type, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the Function-as-a-service (FaaS)market size is expected to grow from USD 1.88 Billion in 2016 to USD 7.72 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 67 market data Tables and 55 Figures spread through 140 Pages and in-depth TOC on "Function-as-a-Service Market" http://www.marketsandmarkets.com/Market-Reports/function-as-a-service-market-127202409.html Early buyers will receive 10% customization on this report. The developer-centric Function-as-a-Service is estimated to dominate the Function-as-a-Service Market share during the forecast period The developer-centric Function-as-a-Service segment is estimated to have the largest market share in the Function-as-a-Service Market. Developers are finding increased utility in Function-as-a-Service for simpler coding and developing as compared to other monolithic architectures which is further driving the market. Request for Report Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=127202409 The micro service monitoring and management segment is expected to grow at a high CAGR during the forecast period The micro service monitoring and management services of the Function-as-a-Service Market is witnessing a potential growth in comparison to other applications owing to the benefits it offers such as, easy deployment, operation, and management. The BFSI, healthcare & life sciences, manufacturing, an other verticals are opting for this application to quickly address customer queries and concerns, keeping in mind the long-term benefits. They are additionally achieving a competitive advantage. North America is the leading region in terms of market share in the Function-as-a-Service Market space North America is expected to hold the largest market share and dominate the Function-as-a-Service Market in 2016, due to the penetration of large enterprises situated in this region with strong technically sound employees providing continuous innovative technologies, high penetration into the growing industries of the market, and greater efficiency of cloud-based solution in the front office. These are some of the major driving factors contributing to the growth of Function-as-a-Service in North America. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=127202409 The major drivers of this market include instant provisioning, auto-scaling, pay-as-you-go model, and the availability of mature hosted services. Major vendors covered in the Function-as-a-Service Market for the study 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.), and Fiorano Software and Affiliates (U.S.). Browse Related Report Integration Platform as a Service Market by Service (Cloud Service Orchestration, API Management, Application Integration, B2B and Cloud Integration, Data Integration), Deployment, Organization Size, Vertical, & Region - Global Forecast to 2021 Know more about our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. 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