To make enterprise adoption of cloud native technologies simpler, Oracle Cloud Infrastructure expands its app development portfolio with new serverless containers, messaging services, and capabilities.
mazon Web Services, Inc. made available Fargate 1.4. With this update to their serverless container platform, Docker Engine is no longer used and shared Elastic File System storage is supported. This release makes it simple to run stateful workloads in container programmes.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4845
Published Date: Apr 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing number of video streamers, rise in use of telemedicine application, surge in online education, and others.
The market size of serverless architecture is anticipated to attain a CAGR of 25.70% over the forecast period, i.e., 2023-2035.
Security concern, vendor lock-in, unpredictable cost of serverless architecture is estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Amazon Web Services, Inc., Microsoft Azure, Google Cloud Platform (GCP), IBM Corporation, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment mode, application, organization size, industry vertical, and by region.
The large enterprise segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.