Function-as-a-Service Market: Global Industry Analysis and Forecast The global function-as-a-service market was valued at US$ 8.2 Bn. in 2020. Function-as-a-Service (FaaS) is a new concept that involves the server doing less processing and creating less infrastructure. A FaaS customer is essentially running their own programming language without having to deal with the hassle of setting up their own servers. The market for function-as-a-service is growing because to its ease of deployment, management, and operation, as well as the maturation of hosted services and the shift from DevOps to server less computing. The function-as-a-service market is constrained by reasons such as application portability across various cloud environments and architectural difficulties. Micro service deployment presents an opportunity.



