New Analysis from Global Industry Analysts Reveals Steady Growth for Function-as-a-Service, with the Market to Reach $21 Billion Worldwide by 2026

SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Function-as-a-Service - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: January 2022
Executive Pool: 24363
Companies: 41 - Players covered include Amazon Web Services, Inc.; Dynatrace LLC; Fiorano Software Ltd.; Google LLC; IBM Corporation; Infosys Ltd.; Microsoft Corporation; Rogue Wave Software, Inc.; SAP SE; TIBCO Software, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Web & Mobile Based, Research & Academic, Other Applications); Deployment (Public Cloud, Private Cloud, Hybrid Cloud); Industry Vertical (BFSI, Consumer Goods & Retail, Media & Entertainment, Other Industry Verticals); User Type (Developer-Centric, Operator-Centric)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlasstm Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

Global Function-as-a-Service Market to Reach $21 Billion by 2026
Amid the COVID-19 crisis, the global market for Function-as-a-Service estimated at US$4.3 Billion, is projected to reach a revised size of US$21 Billion by 2026, growing at a CAGR of 29.9% over the analysis period. Developer-Centric, one of the segments analyzed in the report, is projected to record a 29.3% CAGR and reach US$18.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Operator-Centric segment is readjusted to a revised 31.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $3.6 Billion by 2026
The Function-as-a-Service market in the U.S. is estimated at US$1.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2026 trailing a CAGR of 29% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.7% and 25.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.