Serverless Architecture Market Size, Share, And Growth Report 2032

The global serverless architecture market size was worth around USD 15.17 billion in 2023 and is predicted to grow to around USD 96.35 billion by 2032 with a compound annual growth rate (CAGR) of roughly 22.80% between 2024 and 2032.

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The report analyzes and forecasts the serverless architecture market on the basis of service type, vertical, deployment model, and region. The study historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Serverless Architecture Market: Overview and Growth

Serverless architecture is a part of cloud computing where developers can write codes and create applications on virtual systems without worrying about the server and infrastructure on virtual systems. It is basically a union of cloud services and self-managed functions operating as serverless applications.

Digital era has accelerated the pace of technological advancements and evolution of new products, software, services, and business models. Thus, enterprises are under pressure to release new features to meet the growing customer expectations, thereby driving the serverless architecture market. Moreover, the agile development culture and DevOps are assisting business sectors and organizations to enhance their style of developing business applications. This paradigm shift of organizational mindset is another factor fuelling the serverless computing market. Serverless computing offers a secure and scalable platform to support real-time applications in the BFSI sector, contributing toward the growth of the serverless architecture market. Despite these benefits, the cost of serverless services, limited resources, and inadequate application testing are certain challenges that might limit the serverless architecture market growth in the years ahead.

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The assessment of market dynamics gives a brief thought about the drivers and restraints for the serverless architecture market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the serverless architecture market on a regional level.

The report gives a transparent view of the serverless architecture market. We have included a detailed competitive scenario and portfolio of prominent vendors operating across the global serverless architecture market. To understand the competitive landscape of the serverless architecture market, an analysis of Porter’s Five Forces model for the market has also been included. The report offers market attractiveness analysis, wherein service type, deployment model, vertical, and regional segments are benchmarked based on their general attractiveness, market size, and growth rate.

Serverless Architecture Market: Segmentation

The study provides a crucial view of the serverless architecture market by segmenting the market based on service type, deployment model, vertical, and regional segments. All the segments of the serverless architecture market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The service type segment includes automation and integration services, API management services, monitoring services, security, support and maintenance, training and consulting, and others (metering and billing, reporting, and analytics services).

The deployment model is bifurcated into the private and public cloud.

The verticals of serverless architecture include banking, financial services, and insurance (BFSI), government sector, general manufacturing, healthcare sector, IT and telecommunications, media and entertainment, retail, and others (energy and utilities, transportation and logistics, travel and hospitality, and education).

Serverless Architecture Market: Report Scope

Serverless Architecture Market: Regional Analysis

The market is analyzed based on five regions—North America (the U.S. Canada, Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia Pacific (China, Japan, India, South Korea, and rest of Asia Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and the Middle East and Africa (Saudi Arabia, UAE, South Africa, and Rest of the Middle East and Africa).

North America is expected to hold the largest share in the global serverless architecture market over the estimated timeline, as the region is a pioneer in the adoption of new technologies. Moreover, the presence of major players of the serverless architecture market, such as Microsoft, Google, AWS, and IBM, is likely to further contribute toward the regional growth. Additionally, the enterprises are continuously innovating and adopting new technologies to remain competitive in the dynamically expanding market, which is projected to significantly contribute toward the region’s serverless architecture market.

Serverless Architecture Market: Prominent Players

Certain prominent players in the serverless architecture market include:

• Amazon Web Services Inc.
• Google LLC
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Alibaba Cloud
• CA Technologies
• Fiorano Software
• ModuBiz Ltd.
• NTT Data
• Manjrasoft Pty Ltd.
• TIBCO Software Inc.
• Rackspace Inc.
• Galactic Fog IP Inc.
• Platform9 Systems Inc.

This report segments the serverless architecture market are as follows:

Global Serverless Architecture Market: By Service Type

• Automation and Integration Services
• API Management Services
• Monitoring Services
• Security
• Support and Maintenance
• Training and Consulting
• Others (Metering and Billing, Reporting, and Analytics Services)

Global Serverless Architecture Market: By Deployment Model

• Private Cloud
• Public Cloud

Global Serverless Architecture Market: By Vertical

• Banking, Financial Services, and Insurance (BFSI)
• Government Sector
• General Manufacturing
• Healthcare Sector
• IT and Telecommunications
• Media and Entertainment
• Retail
• Others (Energy and Utilities, Transportation and Logistics, Travel and Hospitality, and Education)

Global Serverless Architecture Market: 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