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The serverless security market size to grow from $1.4 billion in 2021 to $5.1 billion by 2026, at a CAGR of 29.9% during the forecast period, according to MarketsandMarkets.
Serverless architectures are prone to several security risks such as event injection, broken authentication, insecure deployment settings, over-privileged function permission and roles, insufficient logging and monitoring, DoS, improper exception handling, and vulnerability management. Hence, the demand for serverless security is quickly gaining traction globally.
Function-as-a-Service (FaaS) segment to hold the largest market size
FaaS is a type of cloud-computing service (a subset of serverless) that allows developers to run a code in response to events. With FaaS, developers can spend more time writing the application code logic and less time worrying about server allocation, deployments, and backend services.
FaaS simplifies the deployment of applications on the cloud. In this, all features of the application are deployed into a single independent feature, and then each feature is individually hosted by the provider.
Compared to BaaS, FaaS offers a greater degree of control to the developers who create custom apps rather than relying on a library of prewritten services. AWS (AWS Lambda), Microsoft Azure (Azure Functions), Google Cloud Platform with multiple offerings, and IBM (IBM Cloud Functions) are the major providers of FaaS.
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