The Serverless Architecture Market size was USD 9.8 Billion in 2023 and is expected to Reach USD 50.3 Billion by 2031 and grow at a CAGR of 22.6% over the forecast period of 2024-2031.
The serverless architecture market was experiencing significant growth and adoption. Serverless architecture, also known as Function as a Service, is a cloud computing model where cloud providers manage the infrastructure and automatically scale resources based on demand. This approach allows developers to focus solely on writing code without worrying about the underlying infrastructure. AWS Lambda is one of the pioneers of serverless computing, and Amazon has a significant share of the serverless market. Serverless functions can be triggered by events such as HTTP requests, database changes, or messages from queues, making it suitable for event-driven applications. The serverless architecture market is segmented by service type, deployment model, organization size, and application. Function as a Service This is the most popular service type that dominated the market in 2021 with a revenue share of 70% in the serverless architecture market. It allows developers to run code without having to worry about provisioning or managing servers. Serverless architecture offers significant advantages to SMEs; it offers flexibility and reduces overall infrastructure costs. Moreover, in a competitive market, start-ups are anticipated to scale rapidly and deliver enhanced features for their products and services, thereby improving their business values. The development of serverless architecture has proven to be a breakthrough step in realizing the full potential of cloud-based technology. Instead of handling a heavy volume of traffic on their IT infrastructure, it allows businesses to concentrate on their core goods and services. As a result, a user can speed up deployment by running an application on a third-party server. Significant advancements in enterprise IT over the past few years have facilitated company agility, enhanced resilience, and increased cost-effectiveness. Serverless computing has become an essential component for the deployment of cloud services and applications in such a landscape. For instance, using a conventional cloud Infrastructure-as-a-Service paradigm to create a feature that provides mobile customers with a credit score. Overall The serverless architecture market is a rapidly growing market with a lot of potential. The market is expected to continue to grow in the coming years.
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KEY DRIVERS
Rapid Increase of the app development market
The growing demand for serverless solutions
App developers now have more business opportunities because to the rising demand for practical applications for various platforms like Android and iOS. Additionally, there has been a huge increase in demand for app development technologies as a result of the proliferation of smartphones, BYOD usage, and applications. For instance, the US Bureau of Labor Statistics predicts that by 2024, there will be a 24% increase in the number of developers.
RESTRAIN
Serverless architecture industry growth is hampered by problems with third-party APIs.
Due to third-party APIs, serverless designs suffer from a number of challenges, including vendor control, vendor lock-in, multitenancy issues, and security and compliance issues, which restrict the market for serverless architectures. The absence of system control during API implementation has a number of negative effects, including system outages, functionality loss, forced API updates, unforeseen constraints, and price increases.
OPPORTUNITY
The growth of IoT and edge computing Create an Opportunity for the Serverless architecture market.
The growth of artificial intelligence and machine learning.
IoT devices and edge computing platforms generate a large amount of data that needs to be processed quickly and efficiently. Serverless architecture is well-suited for this type of workload, as it can scale to handle large amounts of data without having to worry about managing servers. Serverless architecture is reliable and can handle spikes in traffic. This is important for IoT and edge computing deployments, which can be unpredictable.
CHALLENGES
The lack of maturity poses a Challenges
Serverless architecture can be a complex technology, and it can take time for developers to learn how to use it effectively.
Serverless architecture is a relatively new technology, and it is still not as mature as other technologies, such as virtual machines and containers. This can lead to challenges in terms of reliability and performance.
Due to issues such as rising energy prices and supply chain disruptions, the battle has increased expenses for companies in the serverless architecture market. Due of this, using serverless architecture has become more expensive for enterprises, and some have reduced their usage of the technology as a result. These difficulties are anticipated to cause the serverless architecture market to expand less quickly in 2023 than they otherwise would have. The suspension of new sales in Russia was announced by AWS in March 2022. The corporation claimed that the ongoing crisis and military activity in Ukraine were factors in the decision. On the other hand, the research also mentions that the war is anticipated to have a detrimental impact. impact on the market in the short term, with revenue growth slowing to 20.7% in 2023.
IMPACT OF ONGOING RECESSION
The ongoing recession is expected to have a significant impact on the serverless architecture market including Reduced investment in new projects, Shift to more cost-effective solutions, For example, in 2023, Google Cloud Platform announced that it would be launching a new serverless offering called Cloud Run. This is a direct challenge to AWS Lambda, and it could help to drive down prices in the serverless market. The recession could lead to increased competition in the serverless architecture market. For example, in 2023, Microsoft Azure announced that it would be expanding its support for serverless architecture. This is a sign that Microsoft is taking the serverless market seriously, and it could help to increase competition in the market. The retail sector is already facing challenges due to the rise of e-commerce. The recession could further dampen demand for retail services, which could lead to layoffs and budget cuts. This could impact the adoption of serverless architecture in the retail sector. According to a report by the National Retail Federation, retail sales in the United States fell by 8% in 2023. This is the largest decline in retail sales since the Great Recession.
By Deployment
Private Cloud
By Application
Real-time File
Stream Processing
Web Application Development
IoT Backend
Others
By Enterprise Size
Large Enterprise
Small and Medium Size Enterprise
By Industry Vertical
IT
Telecom
Healthcare
Utilities
BFSI
Others
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Region Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America dominated the global serverless architecture market in 2022 with a revenue share of 36.8%. The penetration rate of serverless architecture in North America was 37.76% in 2022. With industries like BFSI, manufacturing, healthcare, and retail boasting sizable user bases, the presence of major competitors in the U.S. has reinforced the regional market. Enterprises therefore continuously innovate and adopt new technologies in order to be competitive in the changing market and supply new features and goods swiftly. As a result, the market in North America has expanded quickly. There are a number of major technology companies in North America that are investing in a serverless architecture. This is helping to drive the growth of the market in the region.
Asia Pacific is anticipated to present significant opportunities and exhibit a revenue share of 27.8% in 2022. The penetration rate of serverless architecture in Asia Pacific was 23.8% in 2022. Cloud computing is becoming increasingly popular in Asia Pacific, as businesses look to move their IT infrastructure to the cloud. Serverless architecture is a natural fit for cloud computing, as it allows businesses to deploy and scale applications without having to worry about managing servers. In sectors including manufacturing, retail, and BFSI, traditional IT infrastructure is progressively giving way to automation. Serverless architecture is likely to experience growth with the adoption of new cloud-based technologies.
The major key players in the Serverless Architecture Market are Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio. and other players.
Microsoft Azure: In March 2023, Microsoft Azure announced the preview of Azure Container Apps, a serverless container platform that allows developers to create and deploy containerized applications without having to manage servers.
Oracle Cloud: In February 2023, Oracle Cloud announced the preview of Oracle Functions for Kubernetes, a serverless platform that allows developers to create and deploy functions that are running on Kubernetes clusters.
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.8 Bn |
| Market Size by 2031 | US$ 50.3 Bn |
| CAGR | CAGR of 22.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment Model (Public Cloud, Private Cloud) • By Application (Real-time File, Stream Processing, Web Application Development, IoT Backend, Others) • By Enterprise Size (Large Enterprises, Small and Medium Size Enterprise) • By Industry Vertical (IT, Telecom, Healthcare, Utilities, BFSI, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio |
| Key Drivers | • Rapid Increase of the app development market • The growing demand for serverless solutions |
| Market Restraints | • Serverless architecture industry growth is hampered by problems with third-party APIs. |
Ans. The Compound Annual Growth rate for Serverless Architecture Market over the forecast period is 22.6%.
Ans. USD 50.3 Billion is the Company's projected Serverless Architecture Market size by 2031.
Ans. Function as a Service is the compute layer of a serverless architecture, which is AWS Lambda. In serverless applications, Lambda is typically used to connect services.
Ans. Some benefits of serverless architecture include reduced operational costs, improved scalability and availability, and faster time-to-market for applications. Some drawbacks include limited control over the underlying infrastructure, potential vendor lock-in, and increased complexity in application design.
Ans. Serverless applications eliminate the need to provision, deploy, or manage servers or other infrastructure. They come with built-in high availability and they scale continuously and automatically. You can use one of the many fully managed AWS services to build and run serverless applications, including AWS Lambda for compute, Amazon API Gateway for APIs, and Amazon DynamoDB for databases.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.9 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Serverless Architecture Market Segmentation, By Deployment
9.1 Introduction
9.2 Trend Analysis
9.3 Public Cloud
9.4 Private Cloud
10. Serverless Architecture Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Real-time File
10.4 Stream Processing
10.5 Web Application Development
10.6 IoT Backend
10.7 Others
11. Serverless Architecture Market Segmentation, By Enterprise Size
11.1 Introduction
11.2 Trend Analysis
11.3 Large Enterprise
11.4 Small and Medium Size Enterprise
12. Serverless Architecture Market Segmentation, By Industry Vertical
12.1 Introduction
12.2 Trend Analysis
12.3 IT
12.4 Telecom
12.5 Healthcare
12.6 Utilities
12.7 BFSI
12.8 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Serverless Architecture Market by Country
13.2.3 North America Serverless Architecture MarketBy Deployment
13.2.4 North America Serverless Architecture MarketBy Application
13.2.5 North America Serverless Architecture MarketBy Enterprise Size
13.2.6 North America Serverless Architecture MarketBy Industry Vertical
13.2.7 USA
13.2.7.1 USA Serverless Architecture MarketBy Deployment
13.2.7.2 USA Serverless Architecture MarketBy Application
13.2.7.3 USA Serverless Architecture MarketBy Enterprise Size
13.2.7.4 USA Serverless Architecture MarketBy Industry Vertical
13.2.8 Canada
13.2.8.1 Canada Serverless Architecture MarketBy Deployment
13.2.8.2 Canada Serverless Architecture MarketBy Application
13.2.8.3 Canada Serverless Architecture MarketBy Enterprise Size
13.2.8.4 Canada Serverless Architecture MarketBy Industry Vertical
13.2.9 Mexico
13.2.9.1 Mexico Serverless Architecture MarketBy Deployment
13.2.9.2 Mexico Serverless Architecture MarketBy Application
13.2.9.3 Mexico Serverless Architecture MarketBy Enterprise Size
13.2.9.4 Mexico Serverless Architecture MarketBy Industry Vertical
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Serverless Architecture Market by Country
13.3.2.2 Eastern Europe Serverless Architecture MarketBy Deployment
13.3.2.3 Eastern Europe Serverless Architecture MarketBy Application
13.3.2.4 Eastern Europe Serverless Architecture MarketBy Enterprise Size
13.3.2.5 Eastern Europe Serverless Architecture MarketBy Industry Vertical
13.3.2.6 Poland
13.3.2.6.1 Poland Serverless Architecture MarketBy Deployment
13.3.2.6.2 Poland Serverless Architecture MarketBy Application
13.3.2.6.3 Poland Serverless Architecture MarketBy Enterprise Size
13.3.2.6.4 Poland Serverless Architecture MarketBy Industry Vertical
13.3.2.7 Romania
13.3.2.7.1 Romania Serverless Architecture MarketBy Deployment
13.3.2.7.2 Romania Serverless Architecture MarketBy Application
13.3.2.7.3 Romania Serverless Architecture MarketBy Enterprise Size
13.3.2.7.4 Romania Serverless Architecture MarketBy Industry Vertical
13.3.2.8 Hungary
13.3.2.8.1 Hungary Serverless Architecture MarketBy Deployment
13.3.2.8.2 Hungary Serverless Architecture MarketBy Application
13.3.2.8.3 Hungary Serverless Architecture MarketBy Enterprise Size
13.3.2.8.4 Hungary Serverless Architecture MarketBy Industry Vertical
13.3.2.9 Turkey
13.3.2.9.1 Turkey Serverless Architecture MarketBy Deployment
13.3.2.9.2 Turkey Serverless Architecture MarketBy Application
13.3.2.9.3 Turkey Serverless Architecture MarketBy Enterprise Size
13.3.2.9.4 Turkey Serverless Architecture MarketBy Industry Vertical
13.3.2.9 Rest of Eastern Europe
13.3.2.9.1 Rest of Eastern Europe Serverless Architecture MarketBy Deployment
13.3.2.9.2 Rest of Eastern Europe Serverless Architecture MarketBy Application
13.3.2.9.3 Rest of Eastern Europe Serverless Architecture MarketBy Enterprise Size
13.3.2.9.4 Rest of Eastern Europe Serverless Architecture MarketBy Industry Vertical
13.3.3 Western Europe
13.3.3.1 Western Europe Serverless Architecture Market by Country
13.3.3.2 Western Europe Serverless Architecture MarketBy Deployment
13.3.3.3 Western Europe Serverless Architecture MarketBy Application
13.3.3.4 Western Europe Serverless Architecture MarketBy Enterprise Size
13.3.3.5 Western Europe Serverless Architecture MarketBy Industry Vertical
13.3.3.6 Germany
13.3.3.6.1 Germany Serverless Architecture MarketBy Deployment
13.3.3.6.2 Germany Serverless Architecture MarketBy Application
13.3.3.6.3 Germany Serverless Architecture MarketBy Enterprise Size
13.3.3.6.4 Germany Serverless Architecture MarketBy Industry Vertical
13.3.3.7 France
13.3.3.7.1 France Serverless Architecture MarketBy Deployment
13.3.3.7.2 France Serverless Architecture MarketBy Application
13.3.3.7.3 France Serverless Architecture MarketBy Enterprise Size
13.3.3.7.4 France Serverless Architecture MarketBy Industry Vertical
13.3.3.8 UK
13.3.3.8.1 UK Serverless Architecture MarketBy Deployment
13.3.3.8.2 UK Serverless Architecture MarketBy Application
13.3.3.8.3 UK Serverless Architecture MarketBy Enterprise Size
13.3.3.8.4 UK Serverless Architecture MarketBy Industry Vertical
13.3.3.9 Italy
13.3.3.9.1 Italy Serverless Architecture MarketBy Deployment
13.3.3.9.2 Italy Serverless Architecture MarketBy Application
13.3.3.9.3 Italy Serverless Architecture MarketBy Enterprise Size
13.3.3.9.4 Italy Serverless Architecture MarketBy Industry Vertical
13.3.3.9 Spain
13.3.3.9.1 Spain Serverless Architecture MarketBy Deployment
13.3.3.9.2 Spain Serverless Architecture MarketBy Application
13.3.3.9.3 Spain Serverless Architecture MarketBy Enterprise Size
13.3.3.9.4 Spain Serverless Architecture MarketBy Industry Vertical
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Serverless Architecture MarketBy Deployment
13.3.3.11.2 Netherlands Serverless Architecture MarketBy Application
13.3.3.11.3 Netherlands Serverless Architecture MarketBy Enterprise Size
13.3.3.11.4 Netherlands Serverless Architecture MarketBy Industry Vertical
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Serverless Architecture MarketBy Deployment
13.3.3.12.2 Switzerland Serverless Architecture MarketBy Application
13.3.3.12.3 Switzerland Serverless Architecture MarketBy Enterprise Size
13.3.3.12.4 Switzerland Serverless Architecture MarketBy Industry Vertical
13.3.3.13 Austria
13.3.3.13.1 Austria Serverless Architecture MarketBy Deployment
13.3.3.13.2 Austria Serverless Architecture MarketBy Application
13.3.3.13.3 Austria Serverless Architecture MarketBy Enterprise Size
13.3.3.13.4 Austria Serverless Architecture MarketBy Industry Vertical
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Serverless Architecture MarketBy Deployment
13.3.3.14.2 Rest of Western Europe Serverless Architecture MarketBy Application
13.3.3.14.3 Rest of Western Europe Serverless Architecture MarketBy Enterprise Size
13.3.3.14.4 Rest of Western Europe Serverless Architecture MarketBy Industry Vertical
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Serverless Architecture Market by Country
13.4.3 Asia-Pacific Serverless Architecture MarketBy Deployment
13.4.4 Asia-Pacific Serverless Architecture MarketBy Application
13.4.5 Asia-Pacific Serverless Architecture MarketBy Enterprise Size
13.4.6 Asia-Pacific Serverless Architecture MarketBy Industry Vertical
13.4.7 China
13.4.7.1 China Serverless Architecture MarketBy Deployment
13.4.7.2 China Serverless Architecture MarketBy Application
13.4.7.3 China Serverless Architecture MarketBy Enterprise Size
13.4.7.4 China Serverless Architecture MarketBy Industry Vertical
13.4.8 India
13.4.8.1 India Serverless Architecture MarketBy Deployment
13.4.8.2 India Serverless Architecture MarketBy Application
13.4.8.3 India Serverless Architecture MarketBy Enterprise Size
13.4.8.4 India Serverless Architecture MarketBy Industry Vertical
13.4.9 Japan
13.4.9.1 Japan Serverless Architecture MarketBy Deployment
13.4.9.2 Japan Serverless Architecture MarketBy Application
13.4.9.3 Japan Serverless Architecture MarketBy Enterprise Size
13.4.9.4 Japan Serverless Architecture MarketBy Industry Vertical
13.4.9 South Korea
13.4.9.1 South Korea Serverless Architecture MarketBy Deployment
13.4.9.2 South Korea Serverless Architecture MarketBy Application
13.4.9.3 South Korea Serverless Architecture MarketBy Enterprise Size
13.4.9.4 South Korea Serverless Architecture MarketBy Industry Vertical
13.4.11 Vietnam
13.4.11.1 Vietnam Serverless Architecture MarketBy Deployment
13.4.11.2 Vietnam Serverless Architecture MarketBy Application
13.4.11.3 Vietnam Serverless Architecture MarketBy Enterprise Size
13.4.11.4 Vietnam Serverless Architecture MarketBy Industry Vertical
13.4.12 Singapore
13.4.12.1 Singapore Serverless Architecture MarketBy Deployment
13.4.12.2 Singapore Serverless Architecture MarketBy Application
13.4.12.3 Singapore Serverless Architecture MarketBy Enterprise Size
13.4.12.4 Singapore Serverless Architecture MarketBy Industry Vertical
13.4.13 Australia
13.4.13.1 Australia Serverless Architecture MarketBy Deployment
13.4.13.2 Australia Serverless Architecture MarketBy Application
13.4.13.3 Australia Serverless Architecture MarketBy Enterprise Size
13.4.13.4 Australia Serverless Architecture MarketBy Industry Vertical
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Serverless Architecture MarketBy Deployment
13.4.14.2 Rest of Asia-Pacific Serverless Architecture MarketBy Application
13.4.14.3 Rest of Asia-Pacific Serverless Architecture MarketBy Enterprise Size
13.4.14.4 Rest of Asia-Pacific Serverless Architecture MarketBy Industry Vertical
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Serverless Architecture Marketby Country
13.5.2.2 Middle East Serverless Architecture MarketBy Deployment
13.5.2.3 Middle East Serverless Architecture MarketBy Application
13.5.2.4 Middle East Serverless Architecture MarketBy Enterprise Size
13.5.2.5 Middle East Serverless Architecture MarketBy Industry Vertical
13.5.2.6 UAE
13.5.2.6.1 UAE Serverless Architecture MarketBy Deployment
13.5.2.6.2 UAE Serverless Architecture MarketBy Application
13.5.2.6.3 UAE Serverless Architecture MarketBy Enterprise Size
13.5.2.6.4 UAE Serverless Architecture MarketBy Industry Vertical
13.5.2.7 Egypt
13.5.2.7.1 Egypt Serverless Architecture MarketBy Deployment
13.5.2.7.2 Egypt Serverless Architecture MarketBy Application
13.5.2.7.3 Egypt Serverless Architecture MarketBy Enterprise Size
13.5.2.7.4 Egypt Serverless Architecture MarketBy Industry Vertical
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Serverless Architecture MarketBy Deployment
13.5.2.8.2 Saudi Arabia Serverless Architecture MarketBy Application
13.5.2.8.3 Saudi Arabia Serverless Architecture MarketBy Enterprise Size
13.5.2.8.4 Saudi Arabia Serverless Architecture MarketBy Industry Vertical
13.5.2.9 Qatar
13.5.2.9.1 Qatar Serverless Architecture MarketBy Deployment
13.5.2.9.2 Qatar Serverless Architecture MarketBy Application
13.5.2.9.3 Qatar Serverless Architecture MarketBy Enterprise Size
13.5.2.9.4 Qatar Serverless Architecture MarketBy Industry Vertical
13.5.2.9 Rest of Middle East
13.5.2.9.1 Rest of Middle East Serverless Architecture MarketBy Deployment
13.5.2.9.2 Rest of Middle East Serverless Architecture MarketBy Application
13.5.2.9.3 Rest of Middle East Serverless Architecture MarketBy Enterprise Size
13.5.2.9.4 Rest of Middle East Serverless Architecture MarketBy Industry Vertical
13.5.3 Africa
13.5.3.1 Africa Serverless Architecture Market by Country
13.5.3.2 Africa Serverless Architecture MarketBy Deployment
13.5.3.3 Africa Serverless Architecture MarketBy Application
13.5.3.4 Africa Serverless Architecture MarketBy Enterprise Size
13.5.3.5 Africa Serverless Architecture MarketBy Industry Vertical
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Serverless Architecture MarketBy Deployment
13.5.3.6.2 Nigeria Serverless Architecture MarketBy Application
13.5.3.6.3 Nigeria Serverless Architecture MarketBy Enterprise Size
13.5.3.6.4 Nigeria Serverless Architecture MarketBy Industry Vertical
13.5.3.7 South Africa
13.5.3.7.1 South Africa Serverless Architecture MarketBy Deployment
13.5.3.7.2 South Africa Serverless Architecture MarketBy Application
13.5.3.7.3 South Africa Serverless Architecture MarketBy Enterprise Size
13.5.3.7.4 South Africa Serverless Architecture MarketBy Industry Vertical
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Serverless Architecture MarketBy Deployment
13.5.3.8.2 Rest of Africa Serverless Architecture MarketBy Application
13.5.3.8.3 Rest of Africa Serverless Architecture MarketBy Enterprise Size
13.5.3.8.4 Rest of Africa Serverless Architecture MarketBy Industry Vertical
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Serverless Architecture Market by country
13.6.3 Latin America Serverless Architecture MarketBy Deployment
13.6.4 Latin America Serverless Architecture MarketBy Application
13.6.5 Latin America Serverless Architecture MarketBy Enterprise Size
13.6.6 Latin America Serverless Architecture MarketBy Industry Vertical
13.6.7 Brazil
13.6.7.1 Brazil Serverless Architecture MarketBy Deployment
13.6.7.2 Brazil Serverless Architecture MarketBy Application
13.6.7.3 Brazil Serverless Architecture MarketBy Enterprise Size
13.6.7.4 Brazil Serverless Architecture MarketBy Industry Vertical
13.6.8 Argentina
13.6.8.1 Argentina Serverless Architecture MarketBy Deployment
13.6.8.2 Argentina Serverless Architecture MarketBy Application
13.6.8.3 Argentina Serverless Architecture MarketBy Enterprise Size
13.6.8.4 Argentina Serverless Architecture MarketBy Industry Vertical
13.6.9 Colombia
13.6.9.1 Colombia Serverless Architecture MarketBy Deployment
13.6.9.2 Colombia Serverless Architecture MarketBy Application
13.6.9.3 Colombia Serverless Architecture MarketBy Enterprise Size
13.6.9.4 Colombia Serverless Architecture MarketBy Industry Vertical
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Serverless Architecture MarketBy Deployment
13.6.9.2 Rest of Latin America Serverless Architecture MarketBy Application
13.6.9.3 Rest of Latin America Serverless Architecture MarketBy Enterprise Size
13.6.9.4 Rest of Latin America Serverless Architecture MarketBy Industry Vertical
14. Company Profiles
14.1 Alibaba Group
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Amazon Web Services
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Google LLC
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 IBM Corporation
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Microsoft Corporation
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Oracle Corporation
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Platform9 Systems, Inc.
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Rackspace Inc.
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Tibco Software
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Twilio
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusio
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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