Global Function as a Service Market
Global Function as a Service Market

Function as a Service Comprehensive Study by Application (Web-based and Mobile Application, Research and Academic Application, Others (Stream Processing and Media Processing)), By User (Developer-Centric FaaS, Operator-Centric FaaS), By Service (Automation and Integration Service, Microservice Monitoring and Management Service, API Management Service, Support and Maintenance, Training and Consulting, Others (Metering and Billing)), By Industrial Vertical (BFSI, Telecommunication and ITES, Consumer Goods and Retail, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Others), By Organization Size (Small Size, Medium Size, Large Size)

Function as a Service Market Segmented into XX Submarkets. | Forecast Years: 2021- 2026  

Aug 2021 Edition 200 Pages 217 Tables & Figures
  • Summary
  • Market Segments
  • Table of Content
  • List of Tables & Figures
  • Companies Mentioned
Global Function as a Service Market Overview:
Function as a Service (FaaS) is a type of cloud computing service that gives a stage permitting clients to create, run, and oversee application functionalities without the intricacy of building and keeping up with the foundation regularly connected with creating and dispatching an app. Building an application by following this model is one method of accomplishing "serverless" engineering, and is normally utilized when building microservices applications. The benefits of FaaS are it focus more on code, not infrastructure, pay only for the resources you use when you use them, you pay only when an action occurs, scale up or down automatically, FaaS offers inherent high availability because it is spread across multiple availability zones per geographic region.

Growth Drivers
  • FaaS provides easy to deploy, manage, and run the functions
  • FaaS create a shift from DevOps to serverless computing

Roadblocks
  • Application portability on various cloud environments related to architecture
  • The high initial cost of the application of FaaS

Opportunities
  • Increase in Microservice-based deployment across the industries
  • Increase in adoption of FaaS by SMEs in emerging countries

Challenges
  • Solving the different issues with third-party services and reduce architectural complexity
  • To reduce the operational complexity


Competitive Landscape:
The function as a service market is highly competitive due to there is the availability of many players in the market. The leading organization in the market are using various strategies, techniques like new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their market share.
Some of the key players profiled in the report are IBM (United States), Google Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), Dynatrace LLC (United States), Infosys Ltd. (India), Rogue Wave Software Inc. (United States), TIBCO Software Inc. (United States) and Fiorano Software and Affiliates (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Function as a Service market by 2026. Considering Market by By User , the sub-segment i.e. Developer-Centric FaaS will boost the Function as a Service market. Considering Market by By Service, the sub-segment i.e. Automation and Integration Service will boost the Function as a Service market. Considering Market by By Industrial Vertical, the sub-segment i.e. BFSI will boost the Function as a Service market. Considering Market by By Organization Size, the sub-segment i.e. Small Size will boost the Function as a Service market.

On 13 July 2021, Microsoft Corp. and NEC Corporation announced an expansion of their decades-long collaboration. Through a new multi-year strategic partnership, the companies will leverage Microsoft Azure, Microsoft 365, NECís network and IT expertise, and each otherís AI and IoT solutions to help enterprise customers and the public sector across multiple markets and industries further accelerate their cloud adoption and digital transformation initiatives.

What Can be Explored with the Function as a Service Market Study
 Gain Market Understanding
 Identify Growth Opportunities
 Analyze and Measure the Global Function as a Service Market by Identifying Investment across various Industry Verticals
 Understand the Trends that will drive Future Changes in Function as a Service
 Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Function as a Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Function as a Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes IT Firms, Industrial Associations, Government Regulatory Bodies and Research and Development Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

Frequently Asked Questions (FAQ):

1. What is the growth rate predicted for the Global Function as a Service Market?
The Function as a Service market is expected to see a CAGR of % during projected year 2020 to 2026.

2. Who are the top performing companies in Function as a Service Market?
Top performing companies in the Global Function as a Service market are IBM (United States), Google Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), Dynatrace LLC (United States), Infosys Ltd. (India), Rogue Wave Software Inc. (United States), TIBCO Software Inc. (United States) and Fiorano Software and Affiliates (United States), to name a few.

3. What trending factors would impact Function as a Service Market growth most?
"Retailers are continuously seeking to adopt hybrid cloud for their operations " is seen as one of major influencing trends for Function as a Service Market during projected period 2020-2026.

Report Objectives / Segmentation Covered
By Application
  • Web-based and Mobile Application
  • Research and Academic Application
  • Others (Stream Processing and Media Processing)
By By User
  • Developer-Centric FaaS
  • Operator-Centric FaaS

By By Service
  • Automation and Integration Service
  • Microservice Monitoring and Management Service
  • API Management Service
  • Support and Maintenance
  • Training and Consulting
  • Others (Metering and Billing)

By By Industrial Vertical
  • BFSI
  • Telecommunication and ITES
  • Consumer Goods and Retail
  • Healthcare and Life Sciences
  • Government and Public Sector
  • Manufacturing
  • Media and Entertainment
  • Others

By By Organization Size
  • Small Size
  • Medium Size
  • Large Size

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. FaaS provides easy to deploy, manage, and run the functions
        • 3.2.2. FaaS create a shift from DevOps to serverless computing
      • 3.3. Market Challenges
        • 3.3.1. Solving the different issues with third-party services and reduce architectural complexity
        • 3.3.2. To reduce the operational complexity
      • 3.4. Market Trends
        • 3.4.1. Retailers are continuously seeking to adopt hybrid cloud for their operations
        • 3.4.2. Increase in demand for automation and integration of service
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. Global Function as a Service, by Application, By User , By Service, By Industrial Vertical and By Organization Size (value and price ) (2015-2020)
      • 5.1. Introduction
      • 5.2. Global Function as a Service (Value)
        • 5.2.1. Global Function as a Service by: Application (Value)
          • 5.2.1.1. Web-based and Mobile Application
          • 5.2.1.2. Research and Academic Application
          • 5.2.1.3. Others (Stream Processing and Media Processing)
        • 5.2.2. Global Function as a Service by: By Service (Value)
          • 5.2.2.1. Automation and Integration Service
          • 5.2.2.2. Microservice Monitoring and Management Service
          • 5.2.2.3. API Management Service
          • 5.2.2.4. Support and Maintenance
          • 5.2.2.5. Training and Consulting
          • 5.2.2.6. Others (Metering and Billing)
        • 5.2.3. Global Function as a Service by: By Industrial Vertical (Value)
          • 5.2.3.1. BFSI
          • 5.2.3.2. Telecommunication and ITES
          • 5.2.3.3. Consumer Goods and Retail
          • 5.2.3.4. Healthcare and Life Sciences
          • 5.2.3.5. Government and Public Sector
          • 5.2.3.6. Manufacturing
          • 5.2.3.7. Media and Entertainment
          • 5.2.3.8. Others
        • 5.2.4. Global Function as a Service by: By Organization Size (Value)
          • 5.2.4.1. Small Size
          • 5.2.4.2. Medium Size
          • 5.2.4.3. Large Size
      • 5.3. Global Function as a Service (Price)
    • 6. Function as a Service: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2020)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. IBM (United States)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. Google Inc. (United States)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. Microsoft Corporation (United States)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. Amazon Web Services (United States)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. SAP SE (Germany)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. Dynatrace LLC (United States)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. Infosys Ltd. (India)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. Rogue Wave Software Inc. (United States)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. TIBCO Software Inc. (United States)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Fiorano Software and Affiliates (United States)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
    • 7. Global Function as a Service Sale, by Application, By User , By Service, By Industrial Vertical and By Organization Size (value and price ) (2021-2026)
      • 7.1. Introduction
      • 7.2. Global Function as a Service (Value)
        • 7.2.1. Global Function as a Service by: Application (Value)
          • 7.2.1.1. Web-based and Mobile Application
          • 7.2.1.2. Research and Academic Application
          • 7.2.1.3. Others (Stream Processing and Media Processing)
        • 7.2.2. Global Function as a Service by: By Service (Value)
          • 7.2.2.1. Automation and Integration Service
          • 7.2.2.2. Microservice Monitoring and Management Service
          • 7.2.2.3. API Management Service
          • 7.2.2.4. Support and Maintenance
          • 7.2.2.5. Training and Consulting
          • 7.2.2.6. Others (Metering and Billing)
        • 7.2.3. Global Function as a Service by: By Industrial Vertical (Value)
          • 7.2.3.1. BFSI
          • 7.2.3.2. Telecommunication and ITES
          • 7.2.3.3. Consumer Goods and Retail
          • 7.2.3.4. Healthcare and Life Sciences
          • 7.2.3.5. Government and Public Sector
          • 7.2.3.6. Manufacturing
          • 7.2.3.7. Media and Entertainment
          • 7.2.3.8. Others
        • 7.2.4. Global Function as a Service by: By Organization Size (Value)
          • 7.2.4.1. Small Size
          • 7.2.4.2. Medium Size
          • 7.2.4.3. Large Size
      • 7.3. Global Function as a Service (Price)
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Function as a Service: by Application(USD Million)
    • Table 2. Function as a Service: by By Service(USD Million)
    • Table 3. Function as a Service: by By Industrial Vertical(USD Million)
    • Table 4. Function as a Service: by By Organization Size(USD Million)
    • Table 5. Company Basic Information, Sales Area and Its Competitors
    • Table 6. Company Basic Information, Sales Area and Its Competitors
    • Table 7. Company Basic Information, Sales Area and Its Competitors
    • Table 8. Company Basic Information, Sales Area and Its Competitors
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Function as a Service: by Application(USD Million)
    • Table 16. Function as a Service: by By Service(USD Million)
    • Table 17. Function as a Service: by By Industrial Vertical(USD Million)
    • Table 18. Function as a Service: by By Organization Size(USD Million)
    • Table 19. Research Programs/Design for This Report
    • Table 20. Key Data Information from Secondary Sources
    • Table 21. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Function as a Service: by Application USD Million (2015-2020)
    • Figure 5. Global Function as a Service: by By Service USD Million (2015-2020)
    • Figure 6. Global Function as a Service: by By Industrial Vertical USD Million (2015-2020)
    • Figure 7. Global Function as a Service: by By Organization Size USD Million (2015-2020)
    • Figure 8. Global Function as a Service share by Players 2020 (%)
    • Figure 9. Global Function as a Service share by Players (Top 3) 2020(%)
    • Figure 10. Global Function as a Service share by Players (Top 5) 2020(%)
    • Figure 11. BCG Matrix for key Companies
    • Figure 12. IBM (United States) Revenue, Net Income and Gross profit
    • Figure 13. IBM (United States) Revenue: by Geography 2020
    • Figure 14. Google Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 15. Google Inc. (United States) Revenue: by Geography 2020
    • Figure 16. Microsoft Corporation (United States) Revenue, Net Income and Gross profit
    • Figure 17. Microsoft Corporation (United States) Revenue: by Geography 2020
    • Figure 18. Amazon Web Services (United States) Revenue, Net Income and Gross profit
    • Figure 19. Amazon Web Services (United States) Revenue: by Geography 2020
    • Figure 20. SAP SE (Germany) Revenue, Net Income and Gross profit
    • Figure 21. SAP SE (Germany) Revenue: by Geography 2020
    • Figure 22. Dynatrace LLC (United States) Revenue, Net Income and Gross profit
    • Figure 23. Dynatrace LLC (United States) Revenue: by Geography 2020
    • Figure 24. Infosys Ltd. (India) Revenue, Net Income and Gross profit
    • Figure 25. Infosys Ltd. (India) Revenue: by Geography 2020
    • Figure 26. Rogue Wave Software Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 27. Rogue Wave Software Inc. (United States) Revenue: by Geography 2020
    • Figure 28. TIBCO Software Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 29. TIBCO Software Inc. (United States) Revenue: by Geography 2020
    • Figure 30. Fiorano Software and Affiliates (United States) Revenue, Net Income and Gross profit
    • Figure 31. Fiorano Software and Affiliates (United States) Revenue: by Geography 2020
    • Figure 32. Global Function as a Service: by Application USD Million (2021-2026)
    • Figure 33. Global Function as a Service: by By Service USD Million (2021-2026)
    • Figure 34. Global Function as a Service: by By Industrial Vertical USD Million (2021-2026)
    • Figure 35. Global Function as a Service: by By Organization Size USD Million (2021-2026)
    Some of the key companies/manufacturers profiled in the report
    • IBM (United States)
    • Google Inc. (United States)
    • Microsoft Corporation (United States)
    • Amazon Web Services (United States)
    • SAP SE (Germany)
    • Dynatrace LLC (United States)
    • Infosys Ltd. (India)
    • Rogue Wave Software Inc. (United States)
    • TIBCO Software Inc. (United States)
    • Fiorano Software and Affiliates (United States)
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