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By 2027, the serverless architecture market is estimated to reach US$ 25.65 Billion at a CAGR of 19.03%. And it makes sense—over 50% of organizations leveraging the cloud have already adopted serverless solutions.
How much time do you lose each day on repetitive administrative tasks? Really think about it. What activities eat into the valuable time you could spend on more productive revenue-generating tasks? We can probably guess what you’re thinking: server maintenance, password rotation, Terraform and/or Ansible automation… The list can go on and on. We get it—these “chores” are necessary to keep your business operations running smoothly, but that doesn’t mean they’re not incredibly inefficient. Here’s where event-driven architecture (EDA) can swoop in to save the day (literally ⏳).
Monolithic architecture and legacy development systems are slow, clunky and create immense friction among engineers and development teams. You’ve likely experienced the lack of scalability, the unreliability, and the constraining of technologies that are already used in monoliths. Oof, we feel your pain. However, these frustrations often go unnoticed by or unreported to management. And there’s another pain point for you. 🙄
Alright, let’s talk about the elephant in the room at many DevOps organizations… legacy systems. 😱 The truth is legacy systems are great! If we were living in 2003. But alas, we’re almost 23 years into the 21st century—it’s time to modernize legacy systems if you want to win in today’s competitive market.
Gartner predicts that by 2025, over 95% of new digital workloads will be deployed on cloud native platforms. Let’s face it; shifting to the cloud is no longer a luxury—it’s a critical component of the future of IT development.
Experts forecast the serverless architecture market to grow from 7.6 billion USD in 2020 to 21.1 billion USD by 2025. Are we surprised? 🤨 Not at all. Serverless architecture yields many benefits for IT engineers and developers—one of them being the ability to build automated event-driven workflows. These workflows trigger tasks in response to real-time events automatically. And despite how challenging it may sound to build, an event-driven serverless workflow engine makes the building and maintenance of these workflows quick and easy.
The global DevOps market size is expected to expand at a CAGR of 24.59% by 2027, reaching over 22199.4 million USD. 🤯 With this exponential growth, we can only expect new DevOps trends to continue to grow and improve the DevOps industry as it stands today. What does this mean for the DevOps function in your organization?
Gartner describes event-driven architecture (EDA) as, “a design paradigm in which a software component executes in response to receiving one or more event notifications.” To put it simply, EDA enables a type of workflow that triggers tasks in response to real-time events. Consider the following example where a social media platform needs to verify a user’s age before the user can move forward and create their profile. 👇
As an IT engineer, you know just how much time you lose per day on repetitive administrative tasks. It’s frustrating, isn’t it? As a matter of fact, most IT engineers spend 32% of their day on non-value-add, repetitive, menial tasks. These time-consuming duties slow down productivity and only add to an engineer's already hefty workload, often causing burnout. Imagine how much time you could save by automating these tasks while eliminating the need for server maintenance. It sounds too good to be true, right? Luckily, this is entirely possible with serverless event-driven architecture and workflows. 😎
Have you ever stopped to imagine how much less effective your business would be without DevOps? Think of how many streamlined processes would take nearly double the time for your team to complete! 😩 When considering just how crucial DevOps is, it may not shock you to learn that by 2026, the DevOps market will exceed $20 billion, with a CAGR of 24.7% from 2019 to 2026. With such a massive increase in only seven years, you might wonder what’s continuing to drive this rapid investment as we look to the future — and the explanation lies in serverless orchestration.
