The Business Research Company’s Function as a Service Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, Sept. 19, 2022 /EINPresswire.com/ — According to Function As A Service Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026, published by The Business Research Company , the Function as a Service market size is expected to reach US$20.96 billion by 2026 at a compound annual growth rate (CAGR) of 24.96%. The increase in app development activities is expected to drive the growth of the Function-as-a-Service market.
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The Function as a Service (FaaS) market consists of the sale by companies (organizations, sole proprietorships and partnerships) of FaaS services related to cloud computing services used to create, run, manage and charge for application packages as Functions without which have to maintain their own infrastructure. FaaS is a category of cloud computing services that allows cloud customers to develop applications and provide functionality. It divides servers into functions. This allows them to automatically scale into microservices without the need for independent infrastructure management.
Global Function-as-a-Service Market Trends
According to the forecast of the function as a service industry, strategic partnerships to improve skills are a major trend in the market. Strategic partnerships offer various benefits such as: B. Innovate through collaborative R&D, create new solutions, improve existing capabilities and more. The function of service companies is to collaborate with other key market players to improve their skills, introduce innovations and offer new solutions to customers. For example, in March 2019, Red Hat, Inc., a US-based open source software company, and Microsoft Corporation, a US-based technology company, announced the extension of their partnership through at least 2024. Both companies have been active in open source communities, bringing key Microsoft technologies such as SQL Server and .NET to Red Hat Enterprise Linux and Red Hat OpenShift FaaS. The collaboration continues as part of their expanded collaboration to bring new ideas to the larger Linux community.
Global Function-as-a-Service Market Segments
Global Function as a Service Market is segmented into:
By Service: Tablets, Smartphones, Game Consoles, Laptops/PCs
By deployment model: public cloud, private cloud, hybrid cloud
By company: Small and medium-sized companies, large companies
By End User: Banking, Financial Services & Insurance (BFSI), Information Technology (IT) & Telecom, Retail, Healthcare & Life Sciences, Other (Media & Entertainment, Government, Education)
By Geography : Global Function as a Service Market analysis report is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, North America takes the largest share.
Read more about the global Function-as-a-Service market report here
Function as a Service Global Market Report 2022 is one in a series of new reports from The Business Research Company providing Function as a Service global market overviews, analysis and forecasts of market size and growth for the global Function as a Service market, Function as a Service , providing global Function as a Service market share, market segments and regions, Function as a Service market players, revenue, profiles and market shares of the leading Function as a Service competitors. The Function-as-a-Service market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s 2022 Function As A Service Global Market Report provides information on the following:
Data segmentations: market size, global, by region and country, historical and forecast, and growth rates for 60 regions
Major Market Players: Google Inc, Oracle Corporation, Microsoft Corporation, Amazon Web Services, SAP SE, TIBCO Software Inc, International Business Machines Corporation, Perforce Software Inc, Manjrasoft Pty Ltd, SixSq Sàrl, VMware Inc, Red Hat, Cloudfare and Alibaba, Netlify .
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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Infrastructure as a Service (IaaS) Global Market Report 2022
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