Wonder

Research Outline

Prepared for On | Delivered March 1, 2020

Function as a Service Market (FaaS) Research

Goals

To have the size of the Function as a Service (FaaS) market. Geography is not important, so this could be global, or whatever is publicly available. An ideal response would have the market size, the past and projected CAGR, and the market share of any main players identified. This should be expressed in revenue, if available. If market share is not available, an alternative ideal response would be to understand who the top players in the market are and what revenue are they pulling in.

Early Findings

For the purposes of this research, the FaaS market is being defined as an option for deploying applications in the cloud.
 It is also known as “serverless” computing. "It’s been around for almost a decade and has been available from the mainstream cloud providers for at least four years. For example, Amazon released AWS Lambdas in late 2014. Microsoft made Azure functions available in early 2016."
Market Size and GrowthAccording to Research and Markets, a paywalled source, the Function as a Service (FaaS) global market is projected to grow at a CAGR of 18.37% from 2019 to 2024.
 Marketwatch, another paywalled source, reveals that the global Function-as-a-Service (FaaS) market is forecast to reach USD 31.53 Billion by 2026.
 Markets and Markets predicts that the Function-as-a-Service (FaaS) market size is estimated to grow from USD 1.88 billion in 2016 to USD 7.72 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 32.7%. 
According to Reports and Data, 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 of2016-2026.
 eSherpa Market Reports asserts that the global function as a service market is expected to reach approximately USD 11,932.95 million by 2023, growing at a CAGR of 34.32% from 2017 to 2023.
 Mordor Intelligence reveals that Serverless Computing Market is expected to register a CAGR of over 25% during the forecast period (2020 – 2025).
Key Players Marketwatch claims the key players in the FaaS market include IBM Corporation (US), Google Inc. (US), Microsoft Corporation (US), Amazon Web Services (US), SAP SE (Germany), Dynatrace LLC (US), Infosys Ltd. (India), Rogue Wave Software Inc. (US), TIBCO Software Inc. (US) and Fiorano Software & Affiliates (US).
 eSherpa Market Reports agreed with the Marketwatch report that the key players in the FaaS market include IBM Corporation (US), Google Inc. (US), Microsoft Corporation (US), Amazon Web Services (US), SAP SE (Germany), Dynatrace LLC (US), Infosys Ltd. (India), Rogue Wave Software Inc. (US), TIBCO Software Inc. (US) and Fiorano Software & Affiliates (US).
 Mordor Intelligence reported that the key players in the FaaS market are Amazon Web Services Inc., Microsoft Corp., Google LLC, Alibaba Group Holding Limited, and IBM Corp.
Summary Of Our Early Findings Relevant To The GoalsOur initial hour was spent trying to find a non paywalled source that was trusted and reliable, to obtain the information requested. This does not appear to exist. We did find several paywalled sources that we do not have access to, and provided what their predictions were, and the links to them so that a report could be purchased if interested.
Please select one or more of the options provided in the proposed scoping section below.