Function as a Service (FaaS) Market - Forecasts from 2019 to 2024

May 2019 | 106 pages | ID: F70417FCEC12EN
Knowledge Sourcing Intelligence LLP

Abstracts

The Function as a Service (FaaS) market is projected to grow at a CAGR of 18.37% during the forecast period. The growth of the function as a service (FaaS) market is majorly attributed to the increasing focus of enterprises towards agility of infrastructure and cost reduction. As these remain the key focal points for many enterprises, the popularity of serverless computing has been increasing significantly over the past few years. Companies are shifting from legacy DevOps trend to serverless computing on account of significantly high ease of deployment and management associated with it besides huge cost savings which come with it. This increasing shift towards serverless computing is driving with it the demand for Function as a Service, thus boosting the growth of the market. However, challenges associated with the running of various applications in a cloud environment, owing to incompatibility of such applications with various cloud environments, is limiting the growth of this market to some extent.

DRIVERS

Growing shift towards serverless computing

Increasing focus towards agility of infrastructure and cost reduction

RESTRAINTS

Incompatibility of some applications with cloud environment

INDUSTRY UPDATE

Recently Pivotal has launched ‘Pivotal Function Service’ which is a multi-cloud function service.

The major players profiled in the Function as a Service (FaaS) market include IBM, Amazon Web Services, Google, and Microsoft.

Segmentation

The Function as a Service (FaaS) Market has been analyzed through the following segments:

By Deployment Model

Public

Private

Hybrid

By Enterprise Size

Small

Medium

Large

By End-User Industry

BFSI

Communication and Technology

Retail

Media and Entertainment

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

United Kingdom

Germany

France

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

Australia

India

Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. FUNCTION AS A SERVICE (FAAS) MARKET BY DEPLOYMENT MODEL

5.1. Public
5.2. Private
5.3. Hybrid

6. FUNCTION AS A SERVICE (FAAS) MARKET BY ENTERPRISE SIZE

6.1. Small
6.2. Medium
6.3. Large

7. FUNCTION AS A SERVICE (FAAS) MARKET BY END-USER INDUSTRY

7.1. BFSI
7.2. Communication and Technology
7.3. Retail
7.4. Media and Entertainment
7.5. Others

8. FUNCTION AS A SERVICE (FAAS) MARKET BY GEOGRAPHY

8.1. North America
  8.1.1. USA
  8.1.2. Canada
  8.1.3. Mexico
8.2. South America
  8.2.1. Brazil
  8.2.2. Argentina
  8.2.3. Others
8.3. Europe
  8.3.1. United Kingdom
  8.3.2. Germany
  8.3.3. France
  8.3.4. Spain
  8.3.5. Others
8.4. Middle East and Africa
  8.4.1. Saudi Arabia
  8.4.2. Israel
  8.4.3. Others
8.5. Asia Pacific
  8.5.1. China
  8.5.2. Japan
  8.5.3. Australia
  8.5.4. India
  8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. IBM
10.2. Amazon Web Services
10.3. Google
10.4. Microsoft
List is not exhaustive*
LIST OF FIGURES
LIST OF TABLES