Pune, Maharashtra -- (SBWire) -- 12/17/2019 --Function as a service Market 2019
Description: -
The global function as a service (FaaS) market has been witnessing a huge growth over the last few years. The factors responsible for the growing adoption of FaaS include agility and scalability features and growing demand for serverless architecture. The FaaS platform provides organizations with auto-scalable architecture and helps in reducing costs as the resources are adjusted according to the requirement of an application. It also eliminates the need to manage servers on cloud and replace them with pervasive use of functional computing resources. Therefore, the cost efficiency of the FaaS architecture is driving the growth of function as a service market. However, complex architecture and security concerns are restraining the market for function as a service on a global scale.
The global function as a service market is expected to reach approximately USD 11,932.95 million by 2023, growing at a CAGR of 34.32% from 2017 to 2023.
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Major Key Players
The key players of function as a service market include IBM Corporation (US), Google Inc. (US), Microsoft Corporation (US), Amazon Web Services (US), SAP SE (Germany), Dynatrace LLC (US), Infosys Ltd. (India), Rogue Wave Software Inc. (US), TIBCO Software Inc. (US) and Fiorano Software & Affiliates (US).
The global Function as a service market report provides readers with a comprehensive of the market across the world. It carefully studies the global business models, market shares, key strategies of some of the most key players who are dominating the market. Besides, it covers different types of market segmentation, which also shows the market shares of different segments. Apart from this information, the report also offers insight into prominent influencing factors, revenues, market growth opportunities, and more. By analyzing all the collected information, the industry experts have suggested a CAGR for the year 2019 to 2023. So, it can be said that this is a comprehensive documentation that deals with all the facets of developing the Function as a service market.
Methods of Market Research
In this report, the experts have collected all the valuable data by conducting both quantitative and qualitative assessments. For this, they have implemented the Five Force Model designed and developed by Michael E. Porter. The analysis report also contains an in-depth analysis of micro as well as macro-economic, growth factors, market opportunities, driving, and restraining factors, and more. The research procedures are mainly divided into two categories. These are secondary researches and primary researches. This helps in a better understanding of the global Function as a service market in terms of its strength, opportunity, threats, and weaknesses. Besides, it analyses the current condition of top market players by considering challenges, market drivers, growth, and more.
Market Segmentation Analysis
The Function as a service market report offers a comprehensive overview, growth opportunities, and market share of this market based on application, product type, key players, countries, and regions. The application-based segment mainly focuses on the outlook and status for the critical applications as well as end-users, market share, and growth of every end-user or application. It greatly supports the growth of the global market. The market segmentation analysis is carried out in order to get accurate data related to market growth. The industry experts have analyzed the markets located in the Middle East & Africa, Asia Pacific, North America, South America, and Europe (including Eastern and Western Europe).
Market Dynamic Overview
This section covers the factors which are greatly influencing the growth of the global Function as a service market. This analyses products or services pricing, their values, and the latest trends in the market. Factors such as rising population, technological advancement, etc. are greatly driving the market. This also studies how various government rules are affecting the market from 2019 to 2023.
Prominent Market Players
In terms of key players, the report offers a complete analysis of the market's competitive landscape. Besides, it also gives insight into the recent trends that are penetrating the development space. It shows how the key players are influencing the global market and what will be their strategies during the projected period.
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Table of Contents – Major Key Points
1 Executive Summary
2 Market Dynamics
3 Global Function as a Service Market, By User Type
4 Global Function as a Service Market, By Deployment
5 Global Function as a Service Market, By Services
6 Global Function as a Service Market, By Application
7 Global Function as a Service Market, by Verticals
8 Global Function as a Service Market, By Region
Continued…
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Function as a Service Market Analysis, Strategic Assessment, Trend Outlook and Bussiness Opportunities 2019-2022
WiseGuyReports.Com Publish a New Market Research Report On –“ Function as a service Market Analysis, Strategic Assessment, Trend Outlook and Bussiness Opportunities 2019-2022”.