Function-as-a-Service (FaaS) Market to Decelerate in 2020 as COVID-19 Pandemic Takes its Toll on Global Market

Industry Overview of Function-as-a-Service (FaaS) Market 2020

The Function-as-a-Service (FaaS) Market report, by Report and Data, gives the growth prospects and detailed diagnosis of the Function-as-a-Service (FaaS) market. The report covers the major market events, including the latest trends, technological advancements, growth prospects, and market players and others that will help the investors and industry experts to make strategies and crucial business decisions for the profitability of their businesses. Also, this report focuses on all the essential factors that contribute to the overall growth of the market.

The global Function-as-a-Service (FaaS) market is forecast to reach USD 31.53 Billion by 2026, at a CAGR of 32.3% during the forecast period, according to a new report by Reports and Data.

The Function-as-a-Service (FaaS) market report consists of the contemplated policy changes, important industry news, current developments, and trends. Readers can use this information to protect their market existence. The report contains data collected from various primary and secondary sources such as press releases, internet, magazines, research papers, and journals. The information is verified and validated through several primary interviews and questionnaires. The report data on future growth and trends focuses on the new technologies, market capacities, CAPEX cycle, and the dynamic structure of the Function-as-a-Service (FaaS) market.

This report covers the recent COVID-19 incidence and its impact on Function-as-a-Service (FaaS). The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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This research report analyzes the growth of Function-as-a-Service (FaaS) Market on the basis of the present, past, and futuristic data. It provides complete information about the Function-as-a-Service (FaaS) industry to the key industry players that will help them fortify their position in the market and make strategic decisions. All of these players are studied extensively in order to get details regarding their recent developments, partnerships, product/services, investment strategies, and others.

The Function-as-a-Service (FaaS) market report highlights the regions, particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The Prominent Key Players in the Function-as-a-Service (FaaS) market are: Google Inc., SAP SE, Microsoft Corporation, Infosys Limited, IBM Corporation, Tibco Software, Inc., Dynatrace LLC, Amazon Web Services Inc., Flowgear, and Fiorano Software and Affiliates, among others.

Product Types of Function-as-a-Service (FaaS) covered are:

User Type Outlook (Revenue: USD Billion; 2016-2026)

Operator-Centric Function-as-a-Service
Developer-Centric Function-as-a-Service

Service Type Outlook (Revenue: USD Billion; 2016-2026)

Automation and Integration Services
API Management Services
Training and Consulting Services
Microservice Monitoring and Management Services
Support and Maintenance Services

Applications of Function-as-a-Service (FaaS) covered are:

Web-Based and Mobile Application
Research and Academic Application

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Key coverage for the report:

FaaS requires less management and offers ease in running and building applications such as storage, servers, cache, search, database, content delivery, and other services. Digitalization has increased the demand for industrial manufacturers to adapt and develop leading-edge supplier and operations collaboration ecosystems.
The increasing shift towards serverless computing is boosting the demand for the FaaS market. However, challenges associated with the incompatibility of running various applications in a cloud environment is hindering market growth.
FaunaDB serverless cloud, developed by a startup in San Francisco, ensure multiple cloud availability due to its real-time data replicating ability. Fauna Inc. has seamlessly span Google Cloud Platform and Amazon Web Services.
com relies on microservices architecture to deliver its online offerings, segmenting each process into manageable services that communicate with one another. A variety of different moving parts work in sync to provide an excellent end-user experience on the site.

Reasons the Buy the Function-as-a-Service (FaaS) Market Report

It delivers extensive analysis of the changing competitive dynamics in the market.
It consists of a six-year forecast evaluated on the basis of how the market is forecast to grow.
This report gives an in-depth prospect of the several factors that drive or hinder market growth.
It helps in making informed business decisions and strategies by giving an extensive analysis of the market segments.
This report assists readers in comprehending the key product segments of the Function-as-a-Service (FaaS) market and their future.

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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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