The Serverless Security Market is propelled by the increasing adoption of cloud-based applications, serverless architectures, and the emergence of IoT applications.
The SNS Insider report reveals that the Serverless Security Market, valued at USD 1.79 billion in 2022, is poised to reach USD 15.69 billion by 2030. This substantial growth is attributed to a projected compound annual growth rate (CAGR) of 31.12% from 2023 to 2030.
Serverless Security Market Report Scope:
The Serverless Security Market’s scope encompasses the pivotal role of serverless architecture in microservices creation, adopting a Function-as-a-Service (FaaS) programming style. This approach emphasizes offloading operational elements to cloud service providers, effectively separating developers from the underlying infrastructure and transforming runtime and operational oversight. With ongoing innovation by the cloud-native community, the market witnesses the continual emergence of new trends in serverless application creation. Encompassing diverse technology options and evolving patterns, the report delves into the comprehensive landscape of serverless security solutions, highlighting their vital role in safeguarding organizations against emerging threats and ensuring the integrity of serverless application environments.
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Major Key Players Included in the Report are:
- AWS
- Microsoft
- Imperva
- Aqua Security
- Signal Sciences
- Rackspace
- Micro Focus
- Sophos
- Others
Serverless Security Market Analysis
The global serverless security market exhibits a robust landscape characterized by the transformative shift towards serverless architectures. These architectures, primarily adopting Function-as-a-Service (FaaS), redefine application development by separating developers from underlying infrastructure. The market is driven by heightened security concerns, with serverless architectures facing risks such as event injection and broken authentication. As cloud-native communities innovate, new trends in serverless application creation continue to emerge. The market benefits from the increasing adoption of cloud-based applications, serverless architectures, and the rising prominence of IoT applications, creating substantial opportunities for vendors. This dynamic landscape reflects a need for comprehensive security solutions as organizations navigate the evolving digital ecosystem.
Market Segmentation Analysis
The global serverless security market, segmented into data security, perimeter security, network security, application security, and others, sees the data security segment dominating. Safeguarding corporate data from internal and external threats, data security plays a crucial role, covering hardware and physical security, storage device security, administrative controls, access, and application security.
Market Segmentation and Sub-Segmentation Included Are:
On The Basis of Service Model
- Backend as a Service
- Function as a Service
On The Basis of Security Type
- Data Security
- Network Security
- Perimeter Security
- Application Security
- Others
On The Basis of Organization Size
- SMEs
- Large enterprises
On The Basis of Verticals
- BFSI
- Telecom
- Energy and Utility
- IT and ITeS
- Healthcare
- Manufacturing
- Retail and eCommerce
- Media and Entertainment
- Others
End-Use Segment Analysis
In the end-user segment, the BFSI sector is anticipated to register moderate revenue growth. Serverless security benefits, akin to a Service-Level Agreement (SLA), align with the stringent governance and compliance needs of the financial services sector. The IT team invests significant effort in ensuring compliance, making serverless security indispensable.
Key Regional Development
The Asia-Pacific (APAC) region, comprising emerging economies like China, Japan, India, ANZ, and the Rest of APAC, is the fastest-growing region in the global serverless security market. The untapped potential markets, high penetration of advanced technologies, and economic developments are propelling the market’s growth in APAC.
Key Takeaways:
- Unprecedented Growth: The Serverless Security Market is on an unprecedented growth trajectory, driven by increasing cloud adoption and security concerns in serverless architectures.
- Data Security Dominance: Data security emerges as the key player, safeguarding corporate data throughout its lifecycle against internal and external threats.
Recent Developments:
- In September 2022, Cloudflare aimed at AWS, challenging its serverless computing platform, with venture firms committing up to USD 1.25 billion.
- In April 2020, Thundra, an application observability and security platform, became AWS Lambda ready, showcasing successful integration for observability, debugging, and security aspects.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Serverless Security Market Segmentation, by Service Model
- Serverless Security Market Segmentation, by Security Type
- Serverless Security Market Segmentation, by Organization Size
- Serverless Security Market Segmentation, by Verticals
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion