Function As A Service Global Market To Grow At Rate Of 25% Through 2026 – EIN News

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Function As A Service Global Market Report 2022 – Market Size, Trends, And Forecast 2022-2026
The Business Research Company’s Function As A Service Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, September 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 $20.96 billion in 2026 at a compound annual growth rate (CAGR) of 24.96%. The increase in app development activities is expected to drive the function as a service market growth.
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The function as a service (FaaS) market consists of sales of FaaS services by entities (organizations, sole traders, and partnerships) that refer to cloud computing services that are used to build, run, manage, and compute application packages as functions without the need to maintain their own infrastructure. FaaS is a category of cloud computing services that enables cloud customers to develop applications and deploy functionalities. It divides servers into functions. So, they can automatically scale into microservices without the requirement for independent infrastructure management.
Global Function As A Service Market Trends
According to the function as a service industry forecast, strategic partnerships for enhancing capabilities are a key trend adopted in the market. Strategic partnerships offer various advantages, such as innovation through collaborative research and development, new solutions creation, enhancement of existing capabilities, and more. The function of service companies is to partner with other key market players to enhance their capabilities, innovate, and offer new solutions to customers. For instance, in March 2019, Red Hat, Inc., a US-based open-source software firm, and Microsoft Corporation, a US-based technology corporation, announced the extension of their partnership till at least 2024. Both companies have been active in open source communities, bringing major Microsoft technologies such as SQL Server and.NET to Red Hat Enterprise Linux and Red Hat OpenShift FaaS. The collaboration will continue as part of their expanded collaboration to create new ideas for the larger Linux community.
Global Function As A Service Market Segments
The global function as a service market is segmented:
By Service: Tablets, Smartphones, Gaming Consoles, Laptops/PCs
By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
By Enterprise: Small and Medium Enterprises, Large Enterprises
By End-User: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) and Telecommunication, Retail, Healthcare and Life Sciences, Other (Media and Entertainment, Government, Educational Institutions)
By Geography: The global function as a service market analysis report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
Read more on the global function as a service market report here
https://www.thebusinessresearchcompany.com/report/function-as-a-service-global-market-report
Function As A Service Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides function as a service global market overviews, analyzes and forecasts market size and growth for the global function as a service market, function as a service global market share, function as a service market segments and geographies, function as a service market players, function as a service market leading competitor revenues, profiles and market shares. The function as a service market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Function As A Service Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key 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.
Looking for something else? Here is a list of similar reports by The Business Research Company:
Unified Communication as a Service (UCaaS) Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/unified-communication-as-a-service-ucaas-global-market-report
Software as a service (SaaS) Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/software-as-a-service-global-market-report
Infrastructure as a service (IaaS) Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/infrastructure-as-a-service-global-market-report
About The Business Research Company
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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