Function-as-a-Service Market

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Function-as-a-Service Market
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According to a recent report released by Allied
Market Research, the global  for
Function-as-a-Service market size reached
3,017.00 million in 2018 and is anticipated to
achieve 24,007.00 million by 2026, demonstrating
a noteworthy CAGR of 29.7 from 2019 to 2026. 
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Function-as-a-Service (FaaS) represents a modern
paradigm where servers handle minimal processing
and infrastructure creation. FaaS users can run
their programming language without the complexity
of server setup. The growing FaaS market is
driven by its simplified deployment, management,
and operations, alongside the evolution of hosted
services and the transition from DevOps to
serverless computing. However, challenges like
application portability across different cloud
environments and architectural complexities limit
the FaaS market. The deployment of microservices
emerges as a potential solution to address these
constraints. 
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Impact of COVID-19 on FaaS Market

• The demand for function-as-a-service is expected
  to surge during the Covid-19 pandemic to develop,
  run, and manage application functionalities by
  avoiding the building and maintaining the complex
  infrastructure to facilitate work from home
  facilities.
• Function-as-a-service has been adopted by the IT
  industry as it provides serverless computing via
  serverless architecture in the lockdown period to
  continue all the operations smoothly and
  securely.

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Key Advantages for Stakeholders  

• This report offers a comprehensive analysis of
  global Function-as-a-Service market trends and
  future projections, identifying imminent
  investment opportunities. 
• An in-depth examination of Function-as-a-Service
  market segments assesses their potential,
  outlining favorable market conditions. 
• The report provides insights into key drivers,
  challenges, and opportunities shaping the
  Function-as-a-Service landscape. 
• The current market is quantitatively assessed
  from 2018 to 2026, showcasing the financial
  strength of the industry. 
• Porters five forces analysis depicts the
  influence of buyers and suppliers within the
  Function-as-a-Service sector.

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Segmentation of Function-as-a-Service Market  

• By Deployment Mode
• Public Cloud
• Private Cloud
• Hybrid Cloud
• By Industry Vertical
• BFSI
• IT Telecom
• Healthcare
• Manufacturing
• Media Entertainment
• Public Sector
• Retail e-commerce
• Others

• By Region
• North America  (U.S., Canada)
• Europe  (Germany, UK, France, Rest of Europe)
• Asia-Pacific  (Japan, China, India, Rest of
  Asia-Pacific)
• LAMEA  (Latin America, Middle East, Africa)

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Leading Market Players 

• Amazon Web Services, Inc
• Infosys Limited, 
• Oracle Corporation
• Rogue Wave Software
• SAP SE

• Dynatrace LLC
• TIBCO Software Inc.
• International Business Machines Corporation
• Google LLC
• Microsoft Corporation, 

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