Market Research Report
Asia Pacific Serverless Architecture Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||906055|
|Published||Content info||73 Pages
Delivery time: 2-3 business days
|Asia Pacific Serverless Architecture Market Forecast 2019-2027|
|Published: August 12, 2019||Content info: 73 Pages||
In 2018, the serverless architecture market in the Asia Pacific region contributed to a value of $XX million and was projected to reach a revenue of $XX million by 2027. The Asia Pacific market is anticipated to evolve around a CAGR of 26.75% from 2019 to 2027. The emerging economies with rapid technological developments forecast tremendous opportunities for the serverless architecture market in the upcoming years.
The market analysis of Asia Pacific region is studied over the economies namely, Australia, India, South Korea, Japan, China, Singapore, and Rest of Asia Pacific regional segment, which is formed with a conglomeration of remaining Asia Pacific countries. The emerging economy of China is largely developing with technological advancements, together with government policies. The IT sector is booming in the country owing to the surging demand for system integration in manufacturing sectors, the high adoption rate of cloud storage, and the Internet of Things (IoT). These developments in IT infrastructure is driving the growth of serverless architecture market in the region. Further, the improvement in cloud infrastructure and cloud services-based market in Asian countries is paving the way for prosperous serverless architecture market. However, the market growth is hindered because of the issue of higher bandwidth requirement for serverless architecture solutions.
VMware Inc., Dell EMC Corporation, Rackspace Hosting Inc., HP Inc., Fujitsu, SAP, Cisco, and Google, are some of the examples of eminent players operating in the serverless architecture market. With the presence of both small and big firms, the market is highly competitive. Nevertheless, the requirement of high capital investments for research & development activities and technological developments is posing challenges for new entrants in the market.