Serverless Security Market Overview
As per MRFR analysis, the Serverless Security Market Size was estimated at 3.95 (USD Billion) in 2022. The Serverless Security Market Industry is expected to grow from 4.96(USD Billion) in 2023 to 38.35 (USD Billion) by 2032. The Serverless Security Market CAGR (growth rate) is expected to be around 25.51% during the forecast period (2024 - 2032).
Key Serverless Security Market Trends Highlighted
The trend of adopting cloud services, digital transformation and the growing nature of cyber threats are increasing the need for serverless security. One aspect that Enterprises are fast adopting is serverless computing in a bid to avoid infrastructure expenses and become more agile. As serverless deployments increase, so does the demand for security deployment that fits the circumstances. Rising serverless adoption, increasing advanced cyber threats and the necessity of economical and flexible security are the key aspects that drive the market growth.
The market, however, needs to explore such opportunities as managed services that provide a set of security controls for serverless environments, cross-cloud security solutions that address the issues of security within multi-cloud environments, and serverless application-specific threat detection and response technologies. Currently, this has been the focus of current serverless security technologies. The recent proliferation of AI and machine learning is aiding the enhancement of how threats are detected and responded to incidents.
Figure1: Serverless Security Market, 2018 - 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Serverless Security Market Drivers
Growing Need for Cloud Security
Subsequently, with increased penetration and adoption of cloud computing, the demand is heightened for security solutions guarding cloud-based applications and data. Serverless security presents numerous advantages given the relative ease of operation, cost-efficiency, and better scalability, thereby presenting them as a significant contributor to the growth of the Serverless Security Market Industry when the time frame is considered.
Increasing Sophistication of Cyber Threats
Cyber threats are becoming increasingly sophisticated, and traditional security solutions are no longer sufficient to protect against them. Serverless security solutions offer a number of advantages over traditional security solutions, such as the ability to detect and respond to threats in real-time, and the ability to protect against zero-day attacks. As a result, serverless security is expected to be a key driver of growth in the Serverless Security Market Industry over the forecast period.
Government Regulations
Government regulations are increasingly requiring organizations to implement strong security measures to protect sensitive data. Serverless security solutions can help organizations to comply with these regulations, and can also help to reduce the risk of data breaches. As a result, serverless security is expected to be a key driver of growth in the Serverless Security Market Industry over the forecast period.
Serverless Security Market Segment Insights
Serverless Security Market Deployment Model Insights
Based on the deployment model, the Serverless Security Market is segmented into public cloud, private cloud, and hybrid cloud. Among these, the public cloud segment is projected to capture the largest market share during the forecasted period. The growing adoption of public cloud services by enterprises is the key factor that is driving the growth of this segment. These services are scalable, cost-effective, and flexible, allowing enterprises to provision the resources as and when needed. Furthermore, the growing popularity of serverless computing, which allows developers to build and deploy applications without managing servers, is also propelling the growth of this segment.The private cloud segment is also expected to grow at a substantial rate over the forecasted period. The demand for private cloud services is growing among enterprises that require more control over their data and security. The hybrid cloud model integrates public and private cloud models to allow enterprises to leverage the benefits of both, thereby accelerating the growth of this segment. Therefore, the hybrid cloud segment is expected to grow at the highest CAGR over the forecasted period. Overall, the Serverless Security Market is expected to register a CAGR of 26.1 % from 2024 to 2032.The growing adoption of cloud services and serverless computing by the enterprises is the key factor that is driving the growth of this market. Moreover, the increasing demand for security solutions to protect against cyber threats that exploit vulnerabilities in serverless applications is also propelling the growth of the Global Server Security Market. Hence, it is estimated to reach USD 38.35 billion by the year 2032.
Figure2: Serverless Security Market, By Deployment Model, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Serverless Security Market Security Type Insights
The Serverless Security Market is segmented by Security Type into Identity and Access Management (IAM), Data Security, Application Security, Network Security, and Security Monitoring and Analytics. Identity and Access Management (IAM) is expected to hold the largest market share in 2023, owing to the growing need for organizations to manage and secure user identities and access privileges in a serverless environment. Data Security is expected to witness significant growth over the forecast period, driven by the increasing volume of sensitive data being processed and stored in serverless applications.Application Security is also expected to grow steadily, as organizations seek to protect their serverless applications from vulnerabilities and attacks. Network Security and Security Monitoring and Analytics are expected to play crucial roles in securing serverless environments by providing visibility and protection against network threats and data breaches.
Serverless Security Market Organization Size Insights
The Serverless Security Market segmentation by Organization Size includes Small and Medium-sized Enterprises (SMEs) and Large Enterprises. SMEs are projected to account for a significant portion of the market due to their growing adoption of cloud-based services and increasing concerns about data security. The market growth for SMEs is attributed to the cost-effectiveness, scalability, and ease of deployment offered by serverless security solutions. On the other hand, Large Enterprises are also expected to contribute substantially to the market revenue, driven by their complex IT infrastructure, stringent compliance requirements, and need for robust security measures.The market growth for Large Enterprises is supported by the availability of customized solutions, enhanced security capabilities, and the ability to integrate with existing systems.
Serverless Security Market Industry Vertical Insights
The Serverless Security Market segmentation by Industry Vertical offers valuable insights into the adoption trends and challenges across various industries. The financial services sector is expected to hold a significant market share, driven by the increasing adoption of serverless architectures to enhance security and compliance in the face of evolving regulatory landscapes. The healthcare industry is also witnessing a growing demand for serverless security solutions to protect sensitive patient data and meet regulatory requirements. Retail and e-commerce companies are leveraging serverless security to safeguard customer information and prevent fraud.The manufacturing industry is adopting serverless security to secure operational technology (OT) systems and protect against cyber threats. The technology and media sector is utilizing serverless security to protect intellectual property and customer data in cloud-based environments.
Serverless Security Market Solution Type Insights
Serverless security solutions provide a cost-effective and scalable way to protect applications and data without the need for dedicated hardware or software. The standalone security solutions segment is expected to hold the largest market share in 2023, owing to the increasing adoption of cloud-based security solutions by enterprises. However, the integrated security platforms segment is expected to grow at the highest CAGR during the forecast period due to the growing demand for comprehensive security solutions that can protect applications and data across multiple cloud platforms.The managed security services segment is expected to account for a significant share of the market in 2023 as enterprises look to outsource their security operations to managed security service providers (MSSPs). MSSPs offer a range of security services, including threat monitoring, incident response, and compliance management, which can help enterprises reduce their security risks and improve their security posture.
Serverless Security Market Regional Insights
The regional segmentation of the Serverless Security Market offers crucial insights into the market's dynamics and growth prospects. North America dominates the market with a significant revenue share, driven by the presence of leading cloud service providers and early adoption of serverless technologies. Europe follows closely, with a growing number of enterprises embracing serverless solutions to enhance their security posture. The Asia-Pacific region is projected to witness substantial growth due to rising cloud adoption and government initiatives promoting digital transformation.South America, the Middle East and Africa regions are expected to contribute to the market's expansion as businesses seek to address evolving security threats in their respective markets. Overall, the regional segmentation of the Serverless Security Market highlights the diverse growth opportunities and competitive landscapes across different regions, providing valuable insights for market participants to tailor their strategies and capitalize on regional trends.
Figure3: Serverless Security Market, By Regional, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Serverless Security Market Key Players And Competitive Insights
The competitive landscape of the serverless security market is characterized by the fact that major players invest a lot of money in R As a result of this, they are able to find new innovative solutions for their clients. At the same time, they also establish new joint ventures with other members of the industry. Major companies in the serverless security market also increasingly shift their focus to developing more comprehensive protection solutions. The vast majority of these solutions include managing access to the development environment, data protection, threat detection, and response to incidents. The development of the serverless security market is stipulated by the growing popularity of serverless computing. It is a model of cloud computing that allows developers to model, run, and develop applications without managing their infrastructure. The current competitive landscape will remain one of the most competitive among media storage service suppliers on the market.One of the major players in the serverless security market is Aqua Security. It is a developer of comprehensive security solutions for serverless applications. Among the solutions developed by the company are Aqua CSPM, which is developed for policy implementation and compliance checking; Aqua DAST, which is developed for security testing, and Aqua Runtime Protection, which is developed for runtime protection. The major competitive advantage for the company is its focus on innovation. Currently, the company is considered one of the major leaders in the serverless security market. It has subsidiaries all over the globe. The company serves a large number of clients, including Fortune 500 companies.Another significant company in the serverless security market is Palo Alto Networks. The company is the developer of the Prisma Cloud series of products. Prisma Cloud provides cloud security; the company also developed Prisma Access for remote access security and Prisma SaaS for SaaS protection. The products are characterized by the fact that they are developed with a focus on innovation protection. Currently, the company is also one of the leaders in the serverless security market. Palo Alto Networks has subsidiaries across the globe. The company serves customers from all over the world, including Fortune 500 companies.
Key Companies in the Serverless Security Market Include
Serverless Security Market Industry Developments
The serverless security market is projected to grow from USD 4.96 billion in 2023 to USD 38.35 billion by 2032, exhibiting a CAGR of 25.51% during the forecast period. Increasing adoption of cloud-based services, growing concerns over data breaches and cyberattacks, and stringent government regulations are driving the market growth. The market is expected to witness significant growth in the Asia-Pacific region due to rising cloud adoption and increasing awareness about data security. Key market players are investing in research and development to offer innovative solutions and expand their product portfolios. Recent developments include partnerships, acquisitions, and the launch of new products to cater to the evolving needs of customers. The market is expected to remain competitive, with vendors focusing on providing comprehensive security solutions to meet the growing demand for serverless security.
Serverless Security Market Segmentation Insights
Serverless Security Market Deployment Model Outlook
- Public Cloud
- Private Cloud
- Hybrid Cloud
Serverless Security Market Security Type Outlook
- Identity and Access Management (IAM)
- Data Security
- Application Security
- Network Security
- Security Monitoring and Analytics
Serverless Security Market Organization Size Outlook
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Serverless Security Market Industry Vertical Outlook
- Financial Services
- Healthcare
- Retail and E-commerce
- Manufacturing
- Technology and Media
Serverless Security Market Solution Type Outlook
- Standalone Security Solutions
- Integrated Security Platforms
- Managed Security Services
Serverless Security Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.95(USD Billion) |
| Market Size 2023 |
4.96(USD Billion) |
| Market Size 2032 |
38.35(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
25.51% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Cloudflare, Microsoft, Check Point Software Technologies, Palo Alto Networks, VMware Inc, F5 Networks, Imperva, Rapid7, Trend Micro Inc, Cisco System, Google Cloud, IBM, Amazon Web Services, Fortinet, Akamai Technologies |
| Segments Covered |
Deployment Model, Security Type, Organization Size, Industry Vertical, Solution Type, Regional |
| Key Market Opportunities |
Growing Cloud Adoption Increasing Security Threats Innovation in Serverless Architectures Rise of Serverless Computing Expanding Regulatory Compliance |
| Key Market Dynamics |
Rising adoption of serverless architecture Growing concerns over serverless security risks Need for enhanced visibility and control Increasing demand for cloud-native security solutions. Rapid growth of microservices and container-based applications |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Serverless Security Market is expected to reach USD 38.35 billion by 2032, exhibiting a CAGR of 25.51% from 2024 to 2032.
North America is expected to dominate the Serverless Security Market throughout the forecast period, owing to the presence of major cloud service providers and early adoption of advanced technologies.
The increasing adoption of cloud-based services, growing concerns over data security and compliance, and rising demand for serverless architectures are the primary drivers of the market.
The IT and telecom industry is anticipated to witness the fastest growth in the Serverless Security Market due to the rising need for securing critical infrastructure and data.
Some of the prominent players in the market include Amazon Web Services, Microsoft, Google Cloud, IBM, and Oracle.
Serverless security solutions find applications in various areas, including cloud security, application security, data protection, and compliance management.
Lack of skilled professionals, concerns regarding data privacy, and the need for continuous monitoring and updates pose challenges to the growth of the market.
The emergence of Zero Trust Network Access (ZTNA), the integration of artificial intelligence (AI) and machine learning (ML), and the adoption of serverless security platforms are shaping the market.
The Serverless Security Market was estimated to be valued at USD 4.96 billion in 2023.
The increasing adoption of cloud-native applications, growing demand for compliance and data protection, and the expansion of the Internet of Things (IoT) present significant growth opportunities.
