Serverless Security Market

Serverless Security Market is accounted for USD 985 Million in 2020, growing at a robust CAGR of 29.6% during forecast period

Introduction of the Serverless Security Market Report

Serverless security is an architecture wherein the user can build and run applications and services without the need to manage infrastructure. The server management is done by the third-party application provider. By using serverless security architecture, the user no longer has to provision, scale, and maintain the server to run an application, database, and storage system. Companies can focus on the product instead of stressing about managing and operating servers on run-time.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the serverless security market include the increasing rate of misconfiguration in data analysis and security software. For example, over 540 million data record were exposed in the cloud of Facebook user, this lead to misconfigured in data of public cloud storage. In addition, the primary consideration driving the serverless security market are inclined towards few securities danger like occasion infusion, broken verification, and others. Serverless security helps in the development of application in the several ways such as to reduce operational overhead, increased agility, and reduce cost. The increasing adoption of cloud-based applications, serverless architecture, and the emergence of IoT applications are potential opportunities for a vendor in the serverless security market.

The organization aims to offer enhanced features through their product and services. The growth of microservices and serverless computing is fundamentally changing DevOps by blurring the line between development and operation. For instance, a company such as Microsoft delivers value to the business by minimizing time and resources. Microsoft users Azures serverless solutions to boost developer productivity, optimize resources, and accelerate innovation.

Restraint in the Serverless Security Market

However, many organizations lack key identity-related security control. Organizations shift a portion of their IT infrastructure to public, which leads to cyber breaches. In addition, a lack of understanding about shared security responsibility faces the improper implementation of security architecture to withstand cyberattacks.

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Service Model – Segment Analysis

Based on the Service Model, FaaS is expected to grow at a higher rate during the forecast period. FaaS is a type of cloud-computing service that allows the developer to run a code in response to an event. In addition, FaaS simplifies the deployment of applications on the cloud. Moreover, serverless security and FaaS are two such technologies that approached the forefront due to popularity of cloud computing with the aim to provide cost-effective cloud platform and eliminate the need for infrastructure management. Some of the leading players providing FaaS include AWS, Oracle and Google

Security Type – Segment Analysis

Based on the Security Type, Network security is expected to grow at a higher CAGR rate during the forecast period. Network security is the technique of securing the network from the advanced threat on the serverless architecture. In addition, threats are negatively impacting the serverless computing platform by evading network defense and targeting a vulnerability in the system. Moreover, with the growth in cloud adoption, the chances of misconfiguration have increased. Serverless security helps monitor serverless applications to prevent unauthorized access and misuse of networking resources.

Verticals – Segment Analysis

Based on the Verticals, BFSI is expected to grow at a higher CAGR rate during the forecast period. Bank and financial institutions are increasingly moving their data with the widespread adoption of cloud computing and serverless platform. In addition, finance and insurance companies are also required to meet the highest security standard set by financial regulatory authorities. For instance, AWS provides serverless security to many banks like DBS, National Australia Bank, and others. AWS helps them to lower costs, bring new ideas, and create elegant customer service while meeting stringent security, compliance, and regulatory requirements.

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Regional – Segment Analysis:

Based on the region, the North American region dominated the serverless security market during the forecast period. The major reasons for the growth are the early adoption of technologies and the globalization of the cloud in this region. In addition, the strong financial position of the US and Canada enable them to invest in emerging technologies and implementation of serverless architecture.  Some of the key serverless security providers in the region include Microsoft, AWS, and Google, and others.

Top Market Players

Various notable players operating in the market, include, AWS, Microsoft, Google, Palo Alto Networks, Imperva, IBM, Cisco, Oracle, Rackspace, Sophos, among others. 

Key Developments:

• • In 2021, AWS, announced the general availability of AWS proton, a fully managed application delivery service for modern container and serverless application.
  • In 2020, 3M selected AWS to move its IT enterprise data to the cloud to leverage AWS Portfolio services, including serverless security, storage, ML, and others.

Segments covered in the Report:

The global Serverless Security market has been segmented on the basis of Service Model, Security Type, Verticals, and key regions. Based on Service Model, the market is segmented into BaaS, FaaS. Based on Security Type, the market is segmented into Data, Network, Perimeter. Based on Verticals, the market is segmented into BFSI, Telecom and Energy and Utility, Healthcare, and other. Based on the region market is segmented on the bases of Asia Pacific, Europe, North America, and RoW. 

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Key questions answered in this research report:

• • At what pace is global Serverless Security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Serverless Security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Serverless Security market?
  • Which Service Model generated maximum revenues in 2020 and identify the most promising Service Model during the forecast period?
  • What are the various Security Type areas of global Serverless Security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Serverless Security Market by Service Model

• • BaaS
  • FaaS

Global Serverless Security Market by Security Type

• • Data
  • Network
  • Perimeter

Global Serverless Security Market by Verticals

• • BFSI
  • Telecom
  • Energy and Utility
  • Healthcare
  • Others

Global Serverless Security Market by Region

• • North America Serverless Security Market (Option 1: As a part of the free 25% customization)
    • North America Serverless Security Market by Service Model
    • North America Serverless Security Market by Security Type
    • North America Serverless Security Market by Verticals
    • US Serverless Security Market All-Up
    • Canada Serverless Security Market All-Up
  • Europe Serverless Security Market (Option 2: As a part of the free 25% customization)
    • Europe Serverless Security Market by Service Model
    • Europe Serverless Security Market by Security Type
    • Europe Serverless Security Market by Verticals
    • UK Serverless Security Market All-Up
    • Germany Serverless Security Market All-Up
    • France Serverless Security Market All-Up
    • Spain Serverless Security Market All-Up
    • Rest of Europe Serverless Security Market All-Up
  • Asia-Pacific Serverless Security Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Serverless Security Market by Service Model
    • Asia-Pacific Serverless Security Market by Security Type
    • Asia-Pacific Serverless Security Market by Verticals
    • China Serverless Security Market All-Up
    • India Serverless Security Market All-Up
    • Japan Serverless Security Market All-Up
    • Rest of APAC Serverless Security Market All-Up
  • RoW Serverless Security Market (Option 4: As a part of the free 25% customization)
    • RoW Serverless Security Market by Service Model
    • RoW Serverless Security Market by Security Type
    • RoW Serverless Security Market by Verticals
    • Brazil Serverless Security Market All-Up
    • South Africa Serverless Security Market All-Up
    • Saudi Arabia Serverless Security Market All-Up
    • UAE Serverless Security Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Serverless Security Market All-Up

Major Players Operating in the Serverless Security (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AWS
  • Microsoft
  • Google
  • Palo Alto Networks
  • Imperva
  • IBM
  • Cisco
  • Oracle
  • Rackspace
  • Sophos