Key players in the global Functions as a Service (FaaS) market in terms of value include Microsoft Corporation (USA), IBM (USA), Google Inc. (USA), Infosys Ltd. (India), TIBCO Software Inc. (USA), Amazon Web Services (USA), Rogue Wave Software Inc. (USA), SAP SE (Germany), Dynatrace LLC (USA) and Fiorano Software and Affiliates (USA).

The latest market report from Credence Research “Global Functions-as-a-Service (FaaS) market: Growth, Future Prospects and Competitive Analysis, 2016 – 2028″. That The Global Functions as a Service (FaaS) Market generated revenue of approximately USD 6829.4 million in 2021 and is expected to register a CAGR of over 29.50% to approximately USD 32210.74 million annually during the forecast period of 2022 to 2028 grow in 2028. While cumulative growth opportunities are emerging The global Functions as a Service (FaaS) market is estimated to be approximately US$25381.37 million in 2022-2028.

The Function as a Service market trends are analyzed to assess the overall attractiveness of the market. The FaaS Market Opportunity highlights the primary drivers for the projected timeframe. The market is growing due to the increasing interest in server management solutions, the transition from DevOps and the explosive growth of the app development industry towards serverless computing. Although DevOps is one of the most popular methods of merging development and operations, executing it is sometimes seen as a challenge. These DevOps-related issues have contributed to the rise of the serverless computing movement.

The global Functions as a Service (FaaS) market is segmented into user type, service type, application, deployment model, company size, industry vertical, and geography. Based on user type, the market is categorized into developer-centric FaaS and operator-centric FaaS. Based on Service Type, the global market is segmented into Automation & Integration Services, Microservice Monitoring & Management Services, API Management…