The global serverless security market size is expected to grow from USD 1.4 billion in 2021 to USD 5.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.9% during the forecast period. Serverless security is to create a protection around the functions inside the software operated. The serverless architecture needs protection from various threats hence the need of serverless security solutions. Increase in the misconfiguration, proliferation of microservices architecture, compliance concerns in traditional cloud computing to boost the growth of serverless security market.
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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.
By service model, Function-as-a-Service (FaaS) segment to hold the largest market size during the forecast period
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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Unique Features in the Serverless Security Market
Solutions for serverless security concentrate on protecting single processes or serverless computing units. Every function is subjected to granular security procedures, which guarantee that vulnerabilities are dealt with in a detailed manner.
Runtime protection for serverless functions is offered by specialised security tools, which monitor and analyse execution behaviour to identify and neutralise security threats instantly.
APIs are frequently used in serverless systems to facilitate communication between functions and with outside services. API security features are incorporated into serverless security systems to guard against data breaches and unwanted access.
Issues like injection attacks, unsecured setups, and event data validation are addressed by security tools for serverless systems, which take into account specific threat models related to functions-as-a-service (FaaS) arrangements.
Requirement scanning tools in serverless security solutions help to locate and evaluate dependencies inside serverless functions, reducing the risks related to exposed third-party libraries or components.
Major Highlights of the Serverless Security Market
As a result of the particular dangers and problems connected with functions-as-a-service (FaaS), the industry is witnessing the development and adoption of specialised security solutions created specifically for serverless architectures.
The dynamic and event-driven nature of serverless environments must be sufficiently secured, so there is a focus on real-time protection and monitoring for serverless functions to identify and address security issues during runtime.
A greater emphasis on serverless architecture API security, acknowledging the crucial role APIs play in enabling communication between serverless processes and outside services.
Improvements in Identity and Access Management (IAM) solutions customised for serverless computing, including granular control over permissions and handling security issues related to dynamic scaling and execution.
Integration of serverless environment-specific threat intelligence feeds guarantees that security solutions are kept up to date with information pertinent to the changing serverless computing threat landscape.
Top Key Companies in the Serverless Security Market
AWS (US), Microsoft (US), Google (US), Palo Alto Networks (US), Imperva (US), Aqua Security (Israel), Signal Sciences (US), Rackspace (US), Micro Focus (UK), Serverless (US), IBM (US), Sophos (UK), Cisco (US), Fortinet (US), Oracle (US), Check Point (Israel), Cloudflare (US), Sysdig (US), Deepfence (US), Stackery (US), StackPath (US), Lumigo (US), Thundra (US), Snyk (England), Alcide (Israel).
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the serverless security market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2019 to 2021 to innovate their offerings and broaden their customer base.
Palo Alto Networks founded in 2005 and is headquartered in California, US. The company is a pioneer of network security solutions that enable its clients to safely run applications on their networks and prevent any security breaches or targeted cyberattacks. It addresses the world’s greatest security challenges with continuous innovations that seize the latest breakthroughs in AI, analytics, automation, and orchestration. The company offers Prisma Cloud that delivers a full lifecycle serverless security for AWS Lambda, Azure Functions, and Google Cloud Functions. It protects applications during development and runtime against vulnerabilities, compliance violations, web apps, and API attacks. In April 2021, the company introduced innovations to Prisma Cloud to help organizations secure unprotected cloud workloads and deep visibility into malware threats for containers, serverless, and hosts applications.
Microsoft was founded in 1975 and headquartered in Washington, US. It develops and supports software, services, devices, and solutions. Its product offerings include Operating Systems (OS), cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Microsoft’s Azure is an event-based serverless compute platform designed to accelerate the development process. This platform can be scaled based on demand, and its charges are based on resources consumed by users. Microsoft’s Azure platform provides serverless applications that focus on compute, storage, database, security and access control, cloud messaging, workflow orchestration, API management, analytics, and intelligence.
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