Function-as-a-Service Market Size, Share & Trends Report 2033

Research Methodology – Function-as-a-Service Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Function-as-a-Service Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Function-as-a-Service Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share

Market penetration of Function-as-a-Service (FaaS) technologies.
Current and projected growth rates of FaaS.
Key competitors and their market shares.
End-user demand for FaaS solutions and applications.
Market regulations and policies influencing FaaS.
Geographic distribution of FaaS adoption.
Investment in IT infrastructure across different regions.
Impact of cloud computing and digital transformation on the market.
Technological advancements and innovation in the FaaS market.
Market volatility and economic conditions globally.

Key Market Indicators

Revenue generated by key players in the FaaS market.
Year-over-year growth rate of the FaaS market.
Market share of key players operating in the FaaS market.
Number of FaaS providers and their geographic coverage.
Number of partnerships, acquisitions, and collaborations happening in the market.
Investments in R&D in the FaaS space.
Adoption rate of FaaS in industries such as telecom, healthcare, retail, etc.
Number of patents filed in relation to FaaS technologies.

Growth Trends

Increase in demand for serverless architecture.
Increased adoption of microservices and containerization.
Growth in the number of enterprises migrating to the cloud.
Increased demand for agile and scalable cloud-based applications.
Advancements in artificial intelligence (AI) and machine learning, contributing to the growth of FaaS.
Emergence of edge computing leading to decentralized FaaS deployments.
Growth in digital transformation initiatives across industries.
Increasing importance of cost reduction and management in IT operations.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Function-as-a-Service Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Function-as-a-Service Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: