LAMEA Serverless Security Market By Service Model (Function as a Service (FaaS) and Backend as a Service (BaaS)), By Enterprise Size (Large Enterprises and Small & Medium Enterprise), By Deployment Mode (Public and Private), By Security Type (Data Security, Network Security, Application Security, Perimeter Security, and Others), By End User (BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Media & Entertainment, Energy & Utility, Manufacturing, and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Serverless Security Market would witness market growth of 30.6% CAGR during the forecast period (2021-2027).
Serverless security offers high convenience to the companies that deploy this model because cloud vendors manage operating systems, runtime security, and patching. By implementing serverless applications, a company gives control over a majority of the stack to its cloud vendor, and they offer services like key management. The fact that serverless applications are structured as there are many small functions in the cloud offers an excellent opportunity for security. With serverless computing, cloud computing is shown in its most original form without the requirement for companies to run any traditional servers.
A serverless architecture offers a host of advantages such as automation and approximately infinite scaling. Almost nothing is there between developers and deployed code that accelerates time to market and makes it simpler to maintain and test individual features. As there is no involvement of infrastructure, there is a drastic increment in the operations overhead. Besides, moving infrastructure management to the cloud vendor allows the companies to focus more on creating solutions to fulfil their objectives. This assists the companies to focus on core competencies which often lead to cost-saving.
By utilizing serverless security solutions, companies can manage their least-privileged access for serverless functions & various other services. Due to such benefits, companies are shifting towards serverless security solutions for strengthening the company’s security systems. However, the lack of awareness about the serverless security solutions in this region is estimated to hamper the overall growth of the regional serverless security market during the forecast period.
With the rising pace of digitalization in this region, companies are heavily investing in the adoption of advanced solutions, which would contribute to the surging growth of the regional market. In addition, the untapped potential of this region is attracting the key market players to enter this region and expand their market and customer base within the region, which would further bolster the growth of the regional serverless security market over the forecast period.
The Brazil market dominated the LAMEA Perimeter Security Serverless Security Market by Country 2020, thereby, achieving a market value of $21.9 million by 2027. The Argentina market would witness a CAGR of 32.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 31.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Service Model
- Function as a Service (FaaS)
- Backend as a Service (BaaS)
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprise
By Deployment Mode
By Security Type
- Data Security
- Network Security
- Application Security
- Perimeter Security
By End User
- IT & Telecom
- Retail & eCommerce
- Media & Entertainment
- Energy & Utility
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Rackspace Technology, Inc.
- Fastly, Inc.
- Amazon.com, Inc.
- Palo Alto Networks, Inc.
- Microsoft Corporation
- Google, Inc.
- Micro Focus International PLC
- Aqua Security Software Ltd.
- Serverless, Inc.
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