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Serverless Computing Market worth $44.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 18, 2024 /PRNewswire/ — The Serverless Computing Market is expected to grow from USD 21.9 billion in 2024 to USD 44.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period, according to new research report by MarketsandMarkets™.

Browse in-depth TOC on “Serverless Computing Market “

249 – Tables
49 – Figures
270 – Pages

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Scope of the Report

Report Metrics

Details

Market Size Available For Years

2019–2029 

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Segments Covered

Service Type, Service Model, Deployment Mode, Organization Size, Vertical and Region  

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), Twilio (US), Cloudflare (US), MongoDB (US), Netlify (US), Fastly (US), Akamai (US), Digitalocean (US), Datadog (US), Vercel (US), Spot by NetApp (US), Elastic (US), VMware (US), Backendless (US), Faundb (US), Scaleway (US), 8Base (US), Supabase (US), Appwrite (US).

The expected growth in the global serverless computing market is driven by the increasing adoption of AI and machine learning technologies. The worldwide expansion of serverless computing is largely attributed to the widespread acceptance of these advanced technologies. The demand for serverless (FaaS/BaaS) solutions is expected to increase in verticals like IT, finance and healthcare that are looking at better scalability, operational efficiency and reduced costs through application development. Increased investment in expanded analytics market along with automation technologies is expected to boost the forecasted revenues, thereby augmenting better management of applications and real-time data processing. These advances will support decision-making capabilities, additional resource alignment and enable innovative tools to work across teams. This means that serverless computing will be expanded in the future, mainly due to this service orchestration solution provided by functions becoming more and moreso outside traditional business systems.

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As per service model, the backend-as-a-service (BaaS) will grow at the highest CAGR during the forecast period.

Backend-as-a-service (BaaS) is essential in the serverless computing sector, making backend tasks easier through different managed services. BaaS provides fundamental functionalities like file storage and management, user authentication and management, database management, and push notification delivery. By outsourcing these backend duties to external firms, developers can focus on front-end development and application logic, leading to faster development and decreased operating expenses. This method facilitates smoothly incorporating different backend services, allowing for scalable and effective app development. With organizations looking to improve their development processes, BaaS offers a way to increase flexibility and streamline backend operations in serverless computing.

As per vertical, IT & Telecom holds the largest share during the forecast period.

The IT & telecom industry leads the way in the serverless computing market, utilizing its features to promote innovation and productivity. Serverless computing helps telecom companies improve operations by reducing the need to manage infrastructure and scaling as needed to accommodate changing demands. This vertical sees major advantages from serverless architectures in network function virtualization (NFV), real-time data processing, and content delivery networks (CDNs). Implementing serverless models enables IT & telecom providers to improve service delivery, decrease latency, and optimize resource usage. By incorporating serverless computing into their operations, these businesses can quickly implement new capabilities, uphold high availability, and meet the rising need for digital services, all while cutting operational costs and complexity to stay ahead in a fast-changing tech environment.

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As per region, Asia Pacific will grow at the highest CAGR during the forecast period.

The rapid growth of the serverless computing market in the Asia-Pacific region is due to the quick uptake of cloud technologies, digital transformation projects, and strong tech communities in nations such as China, India, and Japan. This area, with its different economies and levels of technology, is starting to realize more and more the advantages of serverless computing for scalability, cost saving, and speeding up innovation. Effective and economical cloud options are vital in industries like e-commerce, finance, telecommunications, and manufacturing, where serverless designs are improving functions and service provision. However, in addition to the opportunity that challenges such as adhering regulations or where data needs to (or does not need to) reside may provide, there are also level differences of cloud infrastructure readiness across the region.

Companies which provide clouds on a massive scale, AWS, Microsoft Azure and Alibaba Cloud are spending up large in Asia at the moment building data centers right across every country making sure they meet all of these key regulations. Furthermore, governments in the area are pushing for digitization and positive regulatory environments driving interest towards cloud technology as well. Continued digital infrastructure investments and growing adoption of cloud-native technologies in enterprises in Asia-Pacific are expected to drive strong growth in the market for serverless computing, particularly among companies in the digital economy sector.

Top Key Companies in Serverless Computing Market:

Some of the key players operating in the Serverless Computing Market are – AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), Twilio (US), Cloudflare (US), MongoDB (US), Netlify (US), Fastly (US), Akamai (US), Digitalocean (US), Datadog (US), Vercel (US), Spot by NetApp (US), Elastic (US), VMware (US), Backendless (US), Faundb (US), Scaleway (US), 8Base (US), Supabase (US), Appwrite (US).

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About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Anju to Highlight Newly Launched MA Knowledge at DIA MICC 2024 in London

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CHICAGO, Sept. 19, 2024 /PRNewswire/ — Anju, a leading provider of adaptive life sciences software solutions, is pleased to announce its participation as an exhibitor at the upcoming DIA Medical Information & Communications Conference scheduled to take place in London on September 24-25th. DIA MICC brings together medical information professionals for discussions, learning, and practical sessions around improving customer experiences across the industry.

Anju is proud to present MA Knowledge, a state-of-the-art application that offers access to verified and carefully curated medical information content, tailored to meet the unique needs of each field representative. With efficient content filtering and search features, MA Knowledge consistently delivers medical information that matches user profiles and their areas of interest.

“Anju’s commitment to innovation was the driving force behind the development of MA Knowledge,” said Reed McLaughlin, General Manager of Anju’s Medical Affairs Division. “We recognized an opportunity to vastly improve the field representatives’ customer experience by providing quick access to trustworthy, curated information.”

Attendees at DIA MICC 2024 are encouraged to visit Anju at booth 8 to explore their adaptable solutions and discuss how Anju’s best-in-class technology can help to streamline your medical information and scientific communications process. Anju’s team of experts will be on hand to answer questions and discuss how Anju’s solutions can meet the unique needs of your organization.

About Anju:
Anju Software is a customer-first organization providing adaptable life science solutions for clinical research, medical affairs, and data science. TrialMaster, IRMS MAX, and TA Scan, the company’s flagship products, lead the way in reducing complexities in the drug and device discovery and commercialization process. Anju is a portfolio company of Abry Partners serving the worldwide pharmaceutical, biotech and contract research Life Sciences markets.

For media inquiries, please contact:
John F. Kouten
JFK Communications, Inc.
+1 609.241.7352
jfkouten@jfkhealth.com

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SOURCE Anju Software

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Nauticus Robotics Announces Notification of NASDAQ Listing Extension

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Nauticus Robotics Inc. (NASDAQ: KITT) a leading innovator in autonomous subsea robotics and software, today announced receipt of a letter from the Nasdaq Stock Market LLC (“Nasdaq”) approving an extension of time to regain compliance with all listing standards.

The letter received from Nasdaq grants Nauticus an exception until December 31, 2024 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5, 2024.

Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31, 2024.

With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance. 

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company’s business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus’ services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of compliance with Nasdaq continued listing rules and the company’s capacity to regain the compliance. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 10, 2024. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

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SOURCE Nauticus Robotics, Inc.

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Keyboard Market to Grow by USD 1.23 Billion (2024-2028) Driven by E-Sports Boom, AI Enhanced Market Report- Technavio

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global keyboard market  size is estimated to grow by USD 1.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.79%  during the forecast period.  Rising popularity of e-sports is driving market growth, with a trend towards increase in product innovations. However, availability of counterfeit products  poses a challenge. Key market players include A4TECH, ASUSTeK Computer Inc., Cooler Master Technology Inc., Dell Technologies Inc., EPOMAKER, Fujitsu Ltd., GN Store Nord AS, HP Inc., Keetronics India Pvt. Ltd., Kinesis Corp., Lenovo Group Ltd., Logitech International SA, Metadot Corp., Microsoft Corp., Panasonic Holdings Corp., Rapoo Europe BV, Razer Inc., Shenzhen Riitek Technology Co. Ltd., Targus Asia Pacific Ltd., and Xiaomi Communications Co. Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Wired keyboard and Wireless keyboard), Application (Corporate, Personal, and Gaming), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

A4TECH, ASUSTeK Computer Inc., Cooler Master Technology Inc., Dell Technologies Inc., EPOMAKER, Fujitsu Ltd., GN Store Nord AS, HP Inc., Keetronics India Pvt. Ltd., Kinesis Corp., Lenovo Group Ltd., Logitech International SA, Metadot Corp., Microsoft Corp., Panasonic Holdings Corp., Rapoo Europe BV, Razer Inc., Shenzhen Riitek Technology Co. Ltd., Targus Asia Pacific Ltd., and Xiaomi Communications Co. Ltd.

Key Market Trends Fueling Growth

The global keyboard market has seen significant advancements in technology and product innovation. Initially, keyboards were primarily used with personal computers. However, the gaming industry’s technological progression has led to an increased demand for high-quality peripherals, such as keyboards. Gaming keyboards offer features like backlighting options, including mono color and full RGB. Keyboards come in two main types: membrane and mechanical. Mechanical keyboards, which use switches to send typing signals, offer longer durability due to the absence of a membrane. Gaming keyboards cater to various budgets. Membrane keyboards are the most affordable, while mechanical keyboards with monocolored backlighting and a full range of keys fall within the mid-price range. High-end gaming keyboards, featuring full RGB backlighting and numerous macro keys, are preferred by professional gamers and are more expensive. Innovations in keyboard technology continue to enhance the gaming experience, contributing to the market’s growth. 

Keyboards have seen significant improvements in technology, catering to various industries and user needs. Conventional membrane keyboards have given way to mechanical keyboards with clicky switches, offering better response time and tactile feedback. Mechanical keyboard technology includes linear and tactile switches, with Cherry Stream being a popular choice. Bluetooth and RF connectivity enable multiple platform compatibility. Artificial neural networks and cognitive computing are integrated into keyboards for pattern recognition and language modeling. Ergonomic keyboards and medical keyboards prioritize user comfort, while gamers prefer mechanical keyboards with RGB illumination and low response time. The gaming industry’s growth fuels the demand for mechanical keyboards and RGB illumination. Commercial enterprises and corporate offices also invest in digitalization, adopting ergonomic and efficient input devices like mechanical keyboards. Optical keyboards and speech-to-text converters further enhance productivity. Infrared and RFID technology add stability and security to keyboards. Keycaps with customizable designs cater to personal preferences. ML (Machine Learning) and statistical analysis enable customized user experiences. Plastic tools and improvements in key switch technology ensure durability and longevity. 

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Market Challenges

The keyboard market is currently facing a significant challenge from the prevalence of counterfeit keyboards in local markets. Many consumers, particularly price-sensitive ones and those unaware of branded products, are drawn to these imitations due to their affordability and resemblance to well-known brands. This trend is leading to price competition in the market, making it difficult for manufacturers to maintain their profit margins. Despite efforts to curb the sale of counterfeit keyboards, their accessibility through various distribution channels, both physical and online, persists. This situation is shrinking the potential market for genuine keyboards, posing a threat to the growth of the global keyboard market.The keyboard market is thriving in the IT sector, with advancements in technology significantly impacting input devices. Gaming industry professionals and individual users seek improved keyboards for enhanced performance. Keyboard technology includes mechanical, membrane, optical, and wireless options. Mechanical keyboards offer tactile switches, customizable keycaps, and RGB illumination. Gaming keyboards often feature low response time, multiple platform compatibility, and RGB illumination. Infrared and RFID technology enable wireless connectivity. Membrane keyboards provide stability for residential use. Improvements include key switches, keycap materials, and ergonomic designs. Professionals, including medical professionals, benefit from speech-to-text converters and voice recognition technology. Machine Learning (ML) and Natural Language Processing (NLP) enhance pattern recognition and statistical analysis. Keyboards with linear switches cater to those preferring a quieter typing experience. Wired mechanical keyboards offer stability and reliability, while wireless mechanical keyboards and wireless peripherals provide freedom of movement. Tenkeyless (TKL) keyboards and vertical keyboards cater to those with limited desk space. Optical and RF keyboards offer faster response times compared to traditional membrane keyboards. Overall, the keyboard market continues to evolve, catering to diverse user needs and preferences.

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Segment Overview 

This keyboard market report extensively covers market segmentation by

Technology 1.1 Wired keyboard1.2 Wireless keyboardApplication 2.1 Corporate2.2 Personal2.3 GamingGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Wired keyboard-  The keyboard market is a significant segment of the computer peripherals industry. Keyboards come in various types, including mechanical, membrane, and ergonomic. Businesses prioritize keyboards for their employees to ensure productivity and comfort. Dell, Logitech, and Microsoft are key players in this market, offering a range of options to cater to diverse user needs. Prices vary based on features such as backlighting, programmable keys, and durability. Companies invest in high-quality keyboards to enhance their employees’ work experience and efficiency.

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Research Analysis

Keyboards are essential peripherals for computers and other digital devices, catering to the needs of both professional individuals and corporations in the IT sector. Mechanical keyboards offer tactile feedback and durability, while membrane keyboards provide a quieter typing experience. Optical keyboards use light to detect keystrokes, and Tenkeyless (TKL) keyboards save desk space by omitting the numeric keypad. Digitalization has led to the rise of wireless peripherals, including keyboards using Radio Frequency (RF), Infrared, and Bluetooth technologies. These keyboards offer freedom from cords, making them ideal for corporate/enterprise settings and the gaming industry. Multiple platform-compatible keyboards cater to users with devices running different operating systems. Key switches, made from plastic tools, determine the feel of the keystrokes, and keycaps can be customized for personal preferences. Keyboards continue to evolve, with advancements in technology like ML (Machine Learning) and gaming-specific features enhancing user experience. Conventional membrane keyboards remain popular for their affordability and ease of use.

Market Research Overview

Keyboards have evolved significantly over the years, with advancements in technology leading to innovations that cater to various user needs. Artificial neural networks and cognitive computing have been integrated into keyboards, enabling pattern recognition and language modeling for improved user experience. Bluetooth and RF technology have made wireless keyboards and peripherals a popular choice for both residential and commercial use, including the gaming industry and corporate/enterprises. Improvements in keyboards include ergonomic designs, mechanical keyboard technology with clicky, linear, and tactile switches, and RGB illumination. Optical and infrared keyboards offer faster response times compared to conventional membrane keyboards. Professional gamers and individuals prefer mechanical keyboards for their stability and improved accuracy, while medical professionals benefit from ergonomic and vertical keyboards for injury prevention. Multiple platform-compatible keyboards and speech-to-text converters cater to the digitalization trend in the IT sector. Wireless gaming keypads and wireless mechanical keyboards provide freedom of movement for professional gamers. Keycaps made of plastic tools and RGB illumination add to the aesthetic appeal of these input devices. RFID technology and voice recognition technology are also integrated into some keyboards for added functionality. Overall, the market for keyboards continues to grow as digitalization and the need for efficient input devices expand.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyWired KeyboardWireless KeyboardApplicationCorporatePersonalGamingGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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