Global Serverless Architecture Market Analysis By deployment model (Public, Private, Hybrid Cloud), By Service type (Automation and Integration, API Management, Support and Maintenance, Training and Consulting) & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 250
- CATEGORY
- Information Communication & Technology
The global Serverless Architecture Market size was valued at USD 3.3 billion in 2022 and is projected to reach USD 14.4 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 34.1% during the forecast period.
Overall, the global serverless architecture market is expected to continue its growth trajectory in the coming years, driven by the benefits of reduced costs, improved scalability, and increased agility.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 3.3 Billion |
Market Forecast in 2032 | USD 14.4 Billion |
CAGR % 2023-2031 | 34.1% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Service Type, By Deployment Model |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Amazon Web Services, Google LLC, Microsoft Corporation, Oracle Corporation, IBM Corporation, Alibaba Cloud, Salesforce.com, Inc., Rackspace Technology, Inc., Huawei Technologies Co., Ltd., Joyent, Inc., Twilio Inc., Auth0, Inc., DigitalOcean, Inc., Iron.io Inc., Nimbella Inc. |
Driver: Growing demand for application development with greater efficiency is propelling Serverless Architecture Market growth.
One major driving factor for the global Serverless Architecture Market is the increasing demand for application development with greater efficiency and speed. Serverless architecture enables developers to focus solely on writing code for their applications without worrying about server management, maintenance, and scalability. This results in faster deployment times and allows for rapid scaling to meet changing demands. Additionally, serverless architecture can help reduce costs by eliminating the need for dedicated server resources and only charging users for actual usage. As organizations continue to prioritize agility and cost-effectiveness in their application development processes, the demand for serverless architecture is expected to grow.
Segmentation:
By deployment model
• Public
• Private
• Hybrid Cloud
By Service type
• Automation and Integration
• API Management
• Support and Maintenance
• Training and Consulting.
Geographical Analysis:
North America: The North America region is expected to dominate the serverless architecture market due to the early adoption of new and emerging technologies in the region. Major companies such as Amazon Web Services (AWS), Google, and Microsoft are based in North America, which is contributing to the growth of the market in this region.
Europe: The Europe serverless architecture market is expected to grow significantly during the forecast period due to the increasing adoption of cloud computing technologies in the region. Additionally, the presence of major players in the region such as IBM, Oracle, and Google is expected to further fuel the market growth.
Asia Pacific: The Asia Pacific region is expected to witness the highest growth rate in the serverless architecture market due to the increasing adoption of cloud computing technologies and the presence of a large number of small and medium-sized enterprises (SMEs) in the region. China, Japan, and India are the major contributors to the growth of the market in this region.
Middle East and Africa: The Middle East and Africa region is expected to witness significant growth in the serverless architecture market due to the increasing adoption of cloud computing technologies and digital transformation initiatives in the region. The presence of major players such as AWS, Microsoft, and Google in the region is also expected to contribute to the growth of the market.
Latin America: The Latin America region is also expected to witness significant growth in the serverless architecture market due to the increasing adoption of cloud computing technologies and the growing need for cost-effective and scalable solutions in the region. Brazil and Mexico are the major contributors to the growth of the market in this region.
In North America, AWS Lambda, Azure Functions, and Google Cloud Functions are some of the major serverless computing platforms that are widely adopted by businesses. In Europe, IBM Cloud Functions, Oracle Functions, and Alibaba Cloud Function Compute are some of the popular serverless computing platforms. In Asia Pacific, Huawei Cloud, Tencent Cloud, and Baidu Cloud are some of the major players in the serverless architecture market. In the Middle East and Africa, AWS Lambda, Microsoft Azure Functions, and Google Cloud Functions are the major players in the serverless computing market. In Latin America, AWS Lambda and Google Cloud Functions are the popular serverless computing platforms.
Recent Development: Global Serverless Architecture Market
• Serverless platform provider Stackery was acquired by DataStax in May 2020.
• In October 2020, MongoDB acquired Realm, a serverless platform for mobile and web applications.
• Serverless monitoring and observability platform provider Epsagon acquired distributed tracing company Coralogix in November 2020.
• Cloud security platform provider Trend Micro acquired serverless security company Cloud Conformity in November 2020.
Company Profiles:
• Amazon Web Services
• Google LLC
• Microsoft Corporation
• Oracle Corporation
• IBM Corporation
• Alibaba Cloud
• Salesforce.com, Inc.
• Rackspace Technology, Inc.
• Huawei Technologies Co., Ltd.
• Joyent, Inc.
• Twilio Inc.
• Auth0, Inc.
• DigitalOcean, Inc.
• Iron.io Inc.
• Nimbella Inc.
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