Serverless Security Market Size, Share & Segmentation by Service Model (Backend as a Service and Function as a Service), by Security Type (Data Security, Network Security, Perimeter Security, Application Security, and Others), by Organization Size (SMEs and Large enterprises), by Verticals (BFSI, Telecom, Energy and Utility, IT and ITeS, Healthcare, Manufacturing, Retail and eCommerce, Media and Entertainment, and Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

Serverless Security Market size was valued at USD 1.79 Bn in 2022 and is expected to reach USD 15.69 Bn by 2030, and grow at a CAGR of 31.12 % over the forecast period 2023-2030.

Serverless architecture allows users to design and execute apps and services without having to maintain infrastructure. AWS typically manages servers, and this is how apps operate on servers. A serverless architecture eliminates the need for the user to provision, scale, and manage servers to run applications, databases, and storage systems. Instead of worrying about maintaining and administering servers or runtimes, developers may concentrate on their core product. Such architectures may be deployed both in the cloud and on-premises. Because of the lower expense, developers can recoup time and energy to focus on creating exceptional, dependable solutions.

Insecure deployment settings, event data injection, weak authentication, over-privileged function permission and roles, insufficient logging and monitoring, DoS, inappropriate exception handling, and vulnerability management are all security problems associated with serverless systems. Adopting a serverless approach may have a positive impact on application development in various ways, including decreased operational overhead, better agility, and lower costs. Serverless security foreshadows apps from a security standpoint since enterprises no longer have to worry about infrastructure, network, or host security. New attack vectors are developing, and old ones have been reinvented for serverless settings. As a result, demand for serverless security is expected to rise throughout the projection period.

MARKET DYNAMICS:

KEY DRIVERS:

• Increase in misconfiguration to increase serverless security growth.

• Concerns about compliance with conventional cloud computing.

• Serverless and function-as-a-service are the microservices of the future.

• Inadequate security tools and methods.

RESTRAINTS:

• Unawareness of serverless resources, serverless design, serverless security, and serverless strategy.

• Enterprises and serverless security service providers are distrustful of one another.

OPPORTUNITY:

• Migration to serverless technology to provide for serverless security.

• New serverless function markets.

• Use of edge computing in conjunction with serverless technologies.

CHALLENGES:

• Long-running computation cost-effectiveness.

• Difficulties in showing compliance.

IMPACT OF COVID-19:

Cloud computing has emerged as an ally for businesses with the advent of remote work and collaboration. The COVID-19 scenario has fueled a spike in demand for cloud solutions. Prior to this outbreak, many firms feared that relocating sensitive data housed in the cloud may be dangerous. Businesses are increasingly storing vital data in the cloud. However, rising cloud utilization raises security concerns. With the rising need for a cloud environment, there is a potential for cloud security services and solutions to flourish. The introduction of new gadgets has raised the danger of data breaches in security and access patterns and processes required to manage cloud environments while working from home.

MARKET ESTIMATION:

The market is divided into Function as a Service (FaaS) and Backend as a Service (BaaS) based on the Service Model (BaaS). FaaS facilitates the deployment of cloud-based applications. On the other hand, because each application feature is implemented as a unified independent feature, each feature is individually hosted by the provider. In comparison to BaaS, FaaS gives developers more freedom to create bespoke apps rather of relying on a library of prewritten services.

The market is divided into two categories based on enterprise size: large enterprises and small and medium enterprises. Large corporations are increasingly embracing DevOps and microservices designs. Large organizations are thus implementing serverless security to mitigate serverless security threats such as event injection, unsecured app secret storage, failed authentication, and inappropriate exception handling.

On the serverless architecture, network security is the process of protecting networks from sophisticated attacks. Sophisticated attacks are wreaking havoc on the serverless computing platform by bypassing network defenses and exploiting system weaknesses. Misconfigurations have become far more common as cloud use has expanded. Serverless security aids in the monitoring of serverless applications in order to prevent unwanted access and the exploitation of networking resources. The increasing use of cloud computing services and serverless architectures are important factors driving the serverless network security market growth. As a result, it is predicted to develop at the fastest CAGR.

In the aftermath of the COVID-19 outbreak, banks and financial organizations are progressively shifting their data to a serverless environment. With the increased adoption of cloud computing and serverless platforms, finance and insurance organizations must adhere to the strictest security requirements imposed by financial regulatory bodies. Financial institutions are expanding their collaborations with serverless security service providers in order to establish a complete serverless application security environment that meets global and regional regulatory standards.

KEY MARKET SEGMENTS:

On The Basis of Service Model

• Backend as a Service

• Function as a Service

On The Basis of Security Type

• Data Security

• Network Security

• Perimeter Security

• Application Security

• Others

On The Basis of Organization Size

• SMEs

• Large enterprises

On The Basis of Verticals

• BFSI

• Telecom

• Energy and Utility

• IT and ITeS

• Healthcare

• Manufacturing

• Retail and eCommerce

• Media and Entertainment

• Others

REGIONAL ANALYSIS:

Throughout the projection period, Asia Pacific is likely to present considerable growth possibilities. The serverless security market is expected to be driven by unexplored prospective markets, increasing acceptance of current technologies, increase in application development in different industries, economic developments, and government restrictions throughout the forecast period. A rising number of enterprises in APAC are migrating from traditional data center methods to a serverless environment. As a result, concerns such as unsafe configuration, function permissions, and event data injection emerge, necessitating the use of serverless security. Due to increasing advancements in mobility and cloud usage, as well as escalating enforced compliance with regulatory regulations to address data security concerns, enterprises have been forced to deploy serverless security solutions.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are AWS, Google, Microsoft, Imperva, Aqua Security, Signal Sciences, Rackspace, Micro Focus, and Sophos.

Frequently Asked Questions (FAQ) :