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Function As A Service (Faas) Market To Grow At A CAGR Of 18.37% Between 2019 And 2024

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Knowledge Sourcing Intelligence
Function As A Service (Faas) Market To Grow At A CAGR Of 18.37% Between 2019 And 2024

The report published by Knowledge Sourcing Intelligence titled “Function as a Service (FaaS) Market- Forecast From 2019 to 2024” studies the various factors affecting the demand for Function as a Service (FaaS) across the globe.

The report has been segmented by deployment model (public, private, and hybrid), by enterprise size (small, medium, and large), by end-user industry (BFSI, communication and technology, retail, media and entertainment, and others), and by geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.

Rising focus of enterprises towards agility of infrastructure and cost reduction is significantly driving the growth of function as a service market. The growing popularity of serverless computing on account of ease of deployment and management associated with it along with cost savings over the past few years is another factor behind the growth of function as a service market. However, the incompatibility of various applications in the cloud environment is hindering the growth of function as a service market.  

The text above is a summary, you can read full article here.  

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