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Global $19.8 Bn Serverless Architecture Market 2018-2025 Featuring Amazon Web Services, Google, Microsoft and OracleDUBLIN, Nov. 14. 2018 /PRNewswire/ -- The "Serverless Architecture Market Size, Share & Trends Analysis Report By Organization (SME, Large Enterprises), By Vertical, By Service (Automation & Integration), And Segment Forecasts 2018 - 2025" report has been added to ResearchAndMarkets.com's offering. The global serverless architecture market size is expected to reach USD 19.84 billion by 2025 at a 26.0% CAGR during the forecast period. Growing demand for economizing operations and increasing profitability has been driving the market. Emergence of cloud technology, coupled with advancements in serverless computing, has further strengthened the market. As the business model of serverless operations is execution based, enterprises can eliminate the cost of provisioning and maintaining the server round the clock. Charges are billed on number of executions, which in turn, reduces cost. Application development processes are a major beneficiary of a serverless architecture. DevOps and agile development culture within an organization are driving enterprises to change the way they develop business applications fundamentally. Monolithic applications are paving the way for application programming interface (API), micro-services, and function-based execution units, resulting in a paradigm shift of organizational mindset. These trends have changed the way enterprises approach IT infrastructure. In such an environment, serverless architecture enables organizations to streamline their operations, hire optimal resources, and allow developers to focus on core product development. Cloud service providers (CSP) manage serverless architecture, enabling the platform to provide automatic scaling, enterprise-level global security, and promote continuous building, integration, and development efforts. Such factors positively impact an enterprise's time-to-market, market share, and sustainability. From a business perspective, serverless architecture eliminates the cost of hiring back-end infrastructure engineers, provides process agility, and reduces overall operational cost by a significant amount. From a developer perspective, it offers reduced liability and zero system administration as well as fosters adoption of microservices and nano-services. However, there are several risks involved in deploying serverless architecture. As CSPs control the underlying infrastructure, users annot customize/optimize the infrastructure to suit specific needs of an enterprise and developer. Moreover, as the organization has no control over the infrastructure, adding multiple customers on the same platform may raise security concerns. Furthermore, as a consumer, there is no authorization to do penetration tests and vulnerability scanning on infrastructure underlying the serverless offerings. Thus, increasing need for compliance concerns adopters and thereby acts as a restraint to market growth. Further key findings from the study suggest that:
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