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
- 4/28/2023
- 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.
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Serverless Architecture Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Serverless Architecture Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $4250
Only Four Thousand Two Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $5250
Only Five Thousand Two Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $6250
Only Six Thousand Two Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI