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The Serverless Security Market size was valued at USD 2.37 Bn in 2023 and is expected to reach USD 20.56 Bn by 2031, and grow at a CAGR of 31.12% over the forecast period 2024-2031.
Serverless architecture allows users to design and execute apps and services without having to maintain infrastructure. AWS typically manages servers, and this is how apps operate on servers. A serverless architecture eliminates the need for the user to provision, scale, and manage servers to run applications, databases, and storage systems. Instead of worrying about maintaining and administering servers or runtimes, developers may concentrate on their core product. Such architectures may be deployed both in the cloud and on-premises. Because of the lower expense, developers can recoup time and energy to focus on creating exceptional, dependable solutions.
Insecure deployment settings, event data injection, weak authentication, over-privileged function permission and roles, insufficient logging and monitoring, DoS, inappropriate exception handling, and vulnerability management are all security problems associated with serverless systems. Adopting a serverless approach may have a positive impact on application development in various ways, including decreased operational overhead, better agility, and lower costs. Serverless security foreshadows apps from a security standpoint since enterprises no longer have to worry about infrastructure, network, or host security. New attack vectors are developing, and old ones have been reinvented for serverless settings. As a result, demand for serverless security is expected to rise throughout the projection period.
KEY DRIVERS:
Increase in misconfiguration to increase serverless security growth.
Concerns about compliance with conventional cloud computing.
Serverless and function-as-a-service are the microservices of the future.
Inadequate security tools and methods.
RESTRAINTS:
Unawareness of serverless resources, serverless design, serverless security, and serverless strategy.
Enterprises and serverless security service providers are distrustful of one another.
OPPORTUNITY:
Migration to serverless technology to provide for serverless security.
New serverless function markets.
Use of edge computing in conjunction with serverless technologies.
CHALLENGES:
Long-running computation cost-effectiveness.
Difficulties in showing compliance.
Cloud computing has emerged as an ally for businesses with the advent of remote work and collaboration. The COVID-19 scenario has fueled a spike in demand for cloud solutions. Prior to this outbreak, many firms feared that relocating sensitive data housed in the cloud may be dangerous. Businesses are increasingly storing vital data in the cloud. However, rising cloud utilization raises security concerns. With the rising need for a cloud environment, there is a potential for cloud security services and solutions to flourish. The introduction of new gadgets has raised the danger of data breaches in security and access patterns and processes required to manage cloud environments while working from home.
The market is divided into Function as a Service (FaaS) and Backend as a Service (BaaS) based on the Service Model (BaaS). FaaS facilitates the deployment of cloud-based applications. On the other hand, because each application feature is implemented as a unified independent feature, each feature is individually hosted by the provider. In comparison to BaaS, FaaS gives developers more freedom to create bespoke apps rather of relying on a library of prewritten services.
The market is divided into two categories based on enterprise size: large enterprises and small and medium enterprises. Large corporations are increasingly embracing DevOps and microservices designs. Large organizations are thus implementing serverless security to mitigate serverless security threats such as event injection, unsecured app secret storage, failed authentication, and inappropriate exception handling.
On the serverless architecture, network security is the process of protecting networks from sophisticated attacks. Sophisticated attacks are wreaking havoc on the serverless computing platform by bypassing network defenses and exploiting system weaknesses. Misconfigurations have become far more common as cloud use has expanded. Serverless security aids in the monitoring of serverless applications in order to prevent unwanted access and the exploitation of networking resources. The increasing use of cloud computing services and serverless architectures are important factors driving the serverless network security market growth. As a result, it is predicted to develop at the fastest CAGR.
In the aftermath of the COVID-19 outbreak, banks and financial organizations are progressively shifting their data to a serverless environment. With the increased adoption of cloud computing and serverless platforms, finance and insurance organizations must adhere to the strictest security requirements imposed by financial regulatory bodies. Financial institutions are expanding their collaborations with serverless security service providers in order to establish a complete serverless application security environment that meets global and regional regulatory standards.
Throughout the projection period, Asia Pacific is likely to present considerable growth possibilities. The serverless security market is expected to be driven by unexplored prospective markets, increasing acceptance of current technologies, increase in application development in different industries, economic developments, and government restrictions throughout the forecast period. A rising number of enterprises in APAC are migrating from traditional data center methods to a serverless environment. As a result, concerns such as unsafe configuration, function permissions, and event data injection emerge, necessitating the use of serverless security. Due to increasing advancements in mobility and cloud usage, as well as escalating enforced compliance with regulatory regulations to address data security concerns, enterprises have been forced to deploy serverless security solutions.
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The major key players are AWS, Google, Microsoft, Imperva, Aqua Security, Signal Sciences, Rackspace, Micro Focus, Sophos & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 2.37 Billion |
| Market Size by 2031 | USD 20.56 Billion |
| CAGR | CAGR 31.12% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Service Model (Backend as a Service and Function as a Service) • by Security Type (Data Security, Network Security, Perimeter Security, Application Security, and Others) • by Organization Size (SMEs and Large enterprises) • by Verticals (BFSI, Telecom, Energy and Utility, IT and ITeS, Healthcare, Manufacturing, Retail and eCommerce, Media and Entertainment, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | AWS, Google, Microsoft, Imperva, Aqua Security, Signal Sciences, Rackspace, Micro Focus, and Sophos. |
| Key Drivers | • Increase in misconfiguration to increase serverless security growth. • Concerns about compliance with conventional cloud computing. |
| Market Restraints | • Unawareness of serverless resources, serverless design, serverless security, and serverless strategy. • Enterprises and serverless security service providers are distrustful of one another.. |
Ans: - The Serverless Security Market size was valued at USD 1.79 Bn in 2022.
Ans: - Increase in misconfiguration to increase serverless security growth.
Ans: - 4 segments of the Serverless Security Market.
Ans. The primary growth tactics of Serverless Security market participants include merger and acquisition, business expansion, and product launch.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Serverless Security Market Segmentation, by Service Model
8.1 Backend as a Service
8.2 Function as a Service
9. Serverless Security Market Segmentation, by Security Type
9.1 Data Security
9.2 Network Security
9.3 Perimeter Security
9.4 Application Security
9.5 Others
10. Serverless Security Market Segmentation, by Organization Size
10.1 SMEs
10.2 Large enterprises
11. Serverless Security Market Segmentation, by Verticals
11.1 BFSI
11.2 Telecom
11.3 Energy and Utility
11.4 IT and ITeS
11.5 Healthcare
11.6 Manufacturing
11.7 Retail and eCommerce
11.8 Media and Entertainment
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 AWS
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Google
13.3 Microsoft
13.4 Imperva
13.5 Aqua Security
13.6 Signal Sciences
13.7 Rackspace
13.8 Micro Focus
13.9 Sophos
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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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
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
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Additional countries in any of the regions
Company Information
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