This report provides exclusive insights into the COVID-19 impact on the Function-as-a-Service Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Function-as-a-Service Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Function-as-a-Service Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the function-as-a-service market provides an in-depth analysis of segments and
sub-segments in the global as well as the regional function-as-a-service market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional function-as-a-service market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global function-as-a-service market.
According to the report, the global function-as-a-service market is projected
to grow at a CAGR of 30.2% over the forecast period of 2019-2025.
Function-as-a-service is serverless computing via serverless
architectures. It allows developers to execute code with respect to events
without building out or maintaining a complex infrastructure. Companies in the
function-as-a-service market are adopting strategies such as mergers,
acquisitions, and collaborations that maximize their market share. For
instance, in 2017, TIBCO collaborated with Amazon Web Services to deliver
serverless integration solutions. TIBCO is the first integration vendor that
gives support for AWS Lambda Serverless Compute by creating
function-as-a-service with its ultralight edge microservices framework.
The rising need for optimization of microservices and the
management of multiple platforms drives the growth of the function-as-a-service
market. Factors such as maturity of hosted services, scalability, and agility
contribute to the growth of the function-as-a-service market. Services such as
automation and integration and microservice management and monitoring promote
the growth of the function-as-a-service market. The increasing adoption of
function-as-a-service by several companies to run, manages, and deploy
applications boosts the growth of the function-as-a-service market. The shift
from DevOps to serverless computing stimulates the growth of the
function-as-a-service market. On the flip side, issues related to portability
to the cloud hamper the growth of the function-as-a-service market. Moreover,
microservice-based deployment creates several opportunities for the growth of
the function-as-a-service market.
Based on geography, the global function-as-a-service market is
classified into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is anticipated to have a premium share in the global
function-as-a-service market. The presence of a large number of
function-as-a-service providers in North America drives the growth of the
function-as-a-service market in North America. Asia-Pacific region is
anticipated to grow in the global function-as-a-service market with a
significant CAGR over the forecast period. The increasing number of software
firms in Asia-Pacific stimulates the growth of the function-as-a-service market
in the Asia-Pacific region. Europe is showing growth in the global
The report on the global function-as-a-service market covers segments
such as type, application, and deployment model. On the basis of type, the
sub-markets include service type, vertical type, and user type. On the basis of
application, the sub-markets include research and academic application,
web-based and mobile application, and other applications. On the basis of the deployment model, the sub-markets include private cloud, public cloud, and
The report provides profiles of the companies in the market such
as Google LLC, Amazon Web Services Inc., TIBCO Software Inc., SAP SE, Microsoft
Corporation, International Business Machines Corporation, Dynatrace LLC,
Fiorano Software, Inc., Rogue Wave Software Inc., Infosys Ltd., and other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the function-as-a-service market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.