Global serverless security market to reach USD 6.9 billion by 2027. Global serverless security market is valued approximately at USD 1.1 billion in 2020 and is anticipated to grow with a healthy growth rate of about 29.9% over the forecast period 2021-2027. Serverless security refers to the organizational security platform where a third-party service hosts the applications, eliminating the requirement for server hardware and software management by developer. Organizations develop security around functions within applications that are hosted by third-party cloud providers, instead of building security using next generation firewalls around the application. This offers an additional security layer to ensure proper application hardening to help organizations to maintain compliance and improve their security. The global serverless security market is being driven by increase in the misconfiguration and compliance concerns in traditional cloud computing. Furthermore, usage of edge computing with serverless technology will provide new opportunities for the global serverless security industry. Also, growth in information technology services spending is expected to aid in the market growth. According to Statista, spending on information technology services across the globe is expected to increase from USD 866 billion in 2015 to approximately USD 1277 billion by 2022. This is expected to fuel developments in serverless security and boost its adoption in the business organizations. Hence, this is likely to boost the market growth. However, lack of awareness toward serverless resources, serverless architecture, serverless security and strategy may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global serverless security is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global serverless security market over the forecast period 2021-2027. Factors such globalization of the cloud infrastructure in the region, early adoption of technologies, investments in leading services of serverless security by countries such as the United States and Canada, presence of key market players, research and development investments in cloud-native architecture, advanced IT infrastructure, availability of technical expertise, etc. contribute towards the largest market share of the region.

Major market player included in this report are:
AWS
Microsoft
Google
Palo Alto Networks
Imperva
Aqua Security
Signal Sciences
Rackspace
Micro Focus
Serverless

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Model:
Backend as a Service (BaaS)
Function as a Service (FaaS)
By Security Type:
Data Security
Network Security
Perimeter Security
Application Security
Others
By Deployment Mode:
Public
Private
By Organization Size:
SMEs
Large enterprises
By Verticals:
BFSI
Telecom
Energy and Utility
IT and ITeS
Healthcare
Manufacturing
Retail and eCommerce
Media and Entertainment
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Serverless Security Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors