Global Serverless Apps Market is predicted to grow around USD 17350 million by 2030

The global serverless apps market size was worth around USD 3215 Million in 2022 and is predicted to grow to around USD 17350 Million by 2030 with a compound annual growth rate (CAGR) of roughly 23.45% between 2023 and 2030.

Serverless apps or systems allow users to build and develop applications without having to worry about the installation of physical servers. The technology features built-in high availability, automatic scaling, and pay-for-use billing systems which help in optimizing costs and investments. Serverless apps help developers reduce the cost of infrastructure development and maintenance thus allowing them to utilize their time for mode value-adding services like writing codes, and providing excellent customer services.

By using serverless apps, users can quickly move from idea to market due to the reduced overhead cost and resource requirements. At the same time, users can build better applications owing to the various built-in integration offered by the service provider. There are several pros and cons associated with the use of serverless apps. Some of the benefits involve increased developer productivity. The technology allows the adoption of DevOps which is the approach toward automation, culture, and platform design to deliver business responsiveness and value through a high-quality and quick delivery model.

Serverless apps aid in streamlining the app development process by making use of all components from the third-party backend-as-a-service provisions. However, there are also some roadblocks associated with the adoption of serverless apps like drawbacks associated with the lack of users' control over their server-side logic. The service providers may have their own set of rules related to the interaction of the various features, thus restricting the flexibility and customization of systems.

The serverless apps market has evolved from the 1.0 phase to the current 2.0 phase. The older phase was characterized by function only, HTTP and some other sources, no orchestration, limited execution time that was generally between 5 to 10 minutes, and limited local development experience. However, the 2.0 phase has different features including enterprise-ready event sources, advanced messaging capabilities, basic state handling, and the use of enterprise integration patterns.

Covid-19 stirred various discussions in the global serverless apps market owing to the rise in data obtained in healthcare and related services. Owing to various aspects like social distancing, and the closure of physical units, there was a huge shift observed across sectors toward digital technology since it was the only way left for the world economies and groups to interact with one another. Covid-19 is expected to have left a long-lasting impact on the global market cap which is expected to help increase the adoption rate of the technology.

The global serverless apps market is expected to benefit from the growing initiatives undertaken by firms to reduce overhead costs and unnecessary expenses. Companies are now adopting strategies that can help them achieve cost optimization without impacting their services. Serverless apps and serverless architecture have proven to be in line with this goal, since it allows companies or developers to reduce the extra expenses of installing and maintaining servers, which, in this case, are under the responsibility of a third-party vendor.

For instance, in the healthcare sector because of physician shortage, which is projected to increase by 2.5 times by the end of the decade, along with other issues like growing patient demand and expectations, the exponential rise in the medical records and data has burdened the industry which is also struggling to keep the costs under control while providing excellent services. Since serverless apps deploy a pay-per-use model, the total cost of using servers will only depend on the number of executed functions or the actual workload.

Since the IT teams become free of spending resources on maintaining IT infrastructure, they can use their time more productively thus optimizing the entire process.

The serverless technology being relatively new may restrict the global market growth, however, government undertakings aided by aid from private companies are projected to provide more growth opportunities. The limitations of the technology may challenge the global market expansion

The global serverless apps market is segmented based on application, services, end-user, and region.

Based on Application, the global market is segmented into web application development, real-time file/stream processing, IoT Backend, and others. Currently, web application development leads to segmental growth. JavaScript and python are the most widely used languages with over 30 to 40% of developers using the coding language. Java holds between 10 to 15% of the market share.

Based on services, the serverless apps industry segments are managed and professional. The global market may witness high growth in the professional segment since many large-scale corporations are focusing on deploying in-house products and features, to be used on their premises. For instance, Netflix, a world leader in providing online streaming services, is regarded as a pioneer in serverless architecture. The company has managed to provide 7 billion hours of video programs to more than 60.5 million customers across the globe.

Based on end-user, the global market is divided into BFSI, IT & telecommunication, government, retail, and industrial. The global market generated the highest revenue in the IT & telecommunication sector owing to increased resource utilization of resources by app developers resulting in higher user use of serverless apps. As per Amazon Web Services (AWS), more than 75% of businesses plan to adopt serverless technologies in the coming years.

The global serverless apps market is projected to garner the highest revenue from North America driven by the increase in several players in the market and the positive approach of businesses across sectors toward technology adoption in their systems. For instance, Microsoft's Azure Functions is the world’s leading serverless services provider and is housed in the US. Along with this, Amazon Web Server’s (AWS) Lamba is also located in the same regions.

The presence of industry giants is expected to attract more customers from across the globe to North America thus increasing regional market value. Asia-Pacific may also grow significantly during the projection period because of numerous technological advancements in countries like Japan, India, China, Singapore, and others. China has increased its funding for IT development which completely aligns with the economy's goal to become a world leader. While other regions like Japan and India are also expected to deploy more serverless systems to help budding developers and IT companies upgrade their services without having to worry about extra costs.

This review is based on a report by Zion Market Research, titled “Serverless Apps Market Segmentation By Services (Managed, and Professional), By Application (Web Application Development, Real-Time File/Stream Processing, IoT Backend, and Others), By End-User (BFSI, IT & Telecommunication, Government, Retail, and Industrial), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/serverless-apps-market

Recent Developments:

• In November 2021, Amazon announced the launch of three serverless options especially designed for its data analytics services. The options are named Amazon Redshift Serverless, Amazon EMR Serverless, and Amazon MSK Serverless. The systems were created to help ease the process of data analytics at any scale without the hassle of configuring, scaling, or managing the necessary infrastructure.
• In June 2022, Amazon announced that the Amazon EMR Serverless will now be available generally. The deployment will allow customers to work on applications for big data analysis using open-source frameworks like Hive and Apache Spark, without investing resources in managing the servers.

The global serverless apps market is led by players like:

• IBM Corporation
• Microsoft Corporation
• Amazon Web Services Inc.
• Alibaba Group Holding Ltd.
• Google LLC
• Oracle Corporation
• Rackspace Inc.
• Cisco Services Inc.
• TIBCO Software Inc.
• Platform9 Systems Inc.

The global serverless apps market is segmented as follows:

By Services

• Managed
• Professional

By Application

• Web Application Development
• Real-Time File/Stream Processing
• IoT Backend
• Others

By End User

• BFSI
• IT & Telecommunication
• Government
• Retail
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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