The Asia Pacific Serverless Security Market would witness market growth of 29% CAGR during the forecast period (2021-2027).
With the adoption of serverless security, companies can provide their applications a robust head start from a security perspective as they no longer need to be concerned about network, infrastructure, or host security. Although, the emergence of various attack vectors in the industry, and the reimagination of these similar attacks for serverless environments would motivate companies to adopt serverless security solutions.
The constant developments in software development & IT operations brought a transition in attack vectors and security risks, thereby becoming a key challenge for the companies. During the initial phase of virtualization to containers, security experts strived to adapt and discover various new means of defending, hardening, and governing their infrastructure. The serverless application concept is among the largest paradigms shifts related to application security in the industry.
Earlier, it was easy for the companies to safeguard their applications by using infrastructure and network-based tools. In addition, companies would examine traffic with a firewall, could detect malicious activity by using an intrusion detection system, or safeguard their applications with runtime application self-protection, or RASP, technology. Still, with containers, companies can depend on the security of the underlying infrastructure to a specific level.
The developing nations of this region are gaining more momentum is fueling digitization at a fast pace, which would surge the demand for different advanced solutions for data, network, or application security. Additionally, the increasing cases of cyber-attacks are encouraging enterprises to adopt such security solutions in their premises to build a strong and better security system that can prevent the company from any loss caused by security and data breaches.
Due to this increasing adoption, the demand for serverless security solutions will increase in this region during the forecast period. By using serverless security solutions, companies can carry out practices like vulnerability scanning, runtime protection, and many more to build a strong security network. In addition, these solutions help companies to ensure code and infrastructure-as-code template integrity by frequently scanning for configuration errors, vulnerable third-party dependencies, and over-permissive roles. This would further augment the growth of the regional serverless security market over the forecast period.
The China market dominated the Asia Pacific Serverless Security Small & Medium Enterprise Market by Country 2020, thereby, achieving a market value of $189.2 million by 2027. The Japan market is showcasing a CAGR of 29.3% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 30.8% during (2021 - 2027).
Based on Service Model, the market is segmented into Function as a Service (FaaS) and Backend as a Service (BaaS). Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on Deployment Mode, the market is segmented into Public and Private. Based on Security Type, the market is segmented into Data Security, Network Security, Application Security, Perimeter Security, and Others. Based on End User, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Media & Entertainment, Energy & Utility, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Serverless Security Market is Projected to reach USD 5.7 Billion by 2027, at a CAGR of 27%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rackspace Technology, Inc., Fastly, Inc., Amazon.com, Inc., Palo Alto Networks, Inc., Microsoft Corporation, Google, Inc., Micro Focus International PLC, Imperva, Aqua Security Software Ltd. and Serverless, Inc.
By Service Model
By Enterprise Size
By Deployment Mode
By Security Type
By End User
By Country
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