Serverless Computing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Service (Professional, Managed), Type (Hybrid, Multi-Cloud), End-user Industry (IT & Telecommunication, BFSI, Retail, Government, Industrial), By Region, and By Competition 2019-2029

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 9.03 billion

CAGR (2024-2029)

20.98%

Fastest Growing Segment

Professional

Largest Market

North America





Market Overview

Global Serverless Computing Market has valued at USD 9.03 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 20.98% through 2029.  Advancements in computing technology enable organizations to incorporate a serverless environment, thereby augmenting the market. The benefits of Serverless Computing, such as unconditional development and deployment, and built-in scalability, among others, are playing an essential role in supporting the rapid adoption of Serverless Computing, thereby fueling the market's growth.

With the adoption of serverless architecture, organizations can effectively eliminate expensive and time-consuming approaches such as purchasing new hardware components, installing, configuring, and troubleshooting, thereby shifting the responsibility of managing servers, databases, and application logic, which reduces set-up and maintenance costs.

With the rapid technological shift in the business environment, companies are releasing new products and features, thereby focusing on reduced time-to-market to meet the exponentially growing consumer expectations. The increasing prominence of such trends is expected to drive the market during the forecast period. In the competitive marketplace, startups are anticipated to scale rapidly and deliver enhanced product and service features, thereby improving their business values. Hence, to achieve minimum lead time and positively impact their business, they are anticipated to adopt serverless technology, propelling the market's growth.

Key Market Drivers

The global serverless computing market is experiencing substantial growth driven by a confluence of factors that collectively reshape the landscape of modern computing. At the forefront of these dynamics is the relentless pursuit of cost efficiency. Organizations, both large enterprises and startups alike, are drawn to the serverless paradigm for its inherent pay-as-you-go model. Unlike traditional computing infrastructures that necessitate the provisioning and maintenance of dedicated servers, serverless architectures enable businesses to pay only for the resources consumed during the execution of functions. This economic advantage is particularly compelling for applications with variable workloads, as it eliminates the need for over-provisioning to accommodate peak demands, resulting in significant cost savings. Scalability stands as another pivotal driver propelling the serverless computing market forward. In an era where digital services must be agile and responsive to user demands, the ability to automatically scale resources based on actual demand is paramount. Serverless architectures excel in this regard, dynamically allocating resources to ensure optimal performance as the number of users or tasks increases. This scalability is a crucial asset for applications experiencing fluctuating workloads, providing a cost-effective solution that adapts to the demands of the moment without manual intervention.

Developer productivity is a key facet influencing the adoption of serverless computing. By abstracting away infrastructure management tasks, serverless platforms empower developers to focus more on writing code and less on operational concerns. This shift accelerates development cycles, allowing organizations to bring new features and applications to market more swiftly. The modular nature of serverless, where code is deployed in smaller, independent functions, aligns with contemporary development practices and enhances the agility of development teams. Time to market is intricately linked to developer productivity but deserves its own mention as a driver. The serverless model, with its rapid deployment capabilities, contributes significantly to reducing the time it takes for organizations to introduce new software features or entire applications. This acceleration in time to market can be a strategic advantage, particularly in competitive industries where innovation and speed are paramount.

The rise of event-driven architecture is a defining characteristic of the serverless computing era. Serverless platforms excel in handling functions triggered in response to specific events, aligning with the broader industry trend towards microservices. Event-driven architectures enhance system responsiveness, making serverless a natural fit for applications requiring quick and efficient processing of events. Reduced operational complexity is another critical driver. Serverless architectures shift many operational responsibilities, such as server provisioning, scaling, and maintenance, to the cloud provider. This offloading of operational burdens simplifies the tasks of IT teams, allowing them to concentrate on strategic initiatives rather than routine maintenance.

The serverless paradigm is language-agnostic, supporting multiple programming languages. This flexibility is an attractive feature for developers, enabling them to choose the language that best fits their application requirements. The versatility of language support contributes to the broad appeal of serverless computing across diverse development teams and projects. Furthermore, the close alignment between serverless computing and DevOps practices is accelerating adoption. The serverless model seamlessly integrates with DevOps principles, fostering collaboration between development and operations teams. This alignment facilitates continuous integration and deployment (CI/CD) practices, streamlining the software delivery pipeline and promoting a culture of collaboration and efficiency.

The serverless computing market is also buoyed by the broader adoption of cloud-native technologies. As organizations increasingly transition to cloud services and architectures designed to fully leverage the benefits of the cloud environment, serverless computing emerges as a natural progression in this cloud-native journey. Lastly, the vibrant vendor ecosystem and ongoing innovation by cloud service providers contribute significantly to the growth and maturity of the serverless computing market. Cloud providers continue to invest in developing and enhancing serverless technologies, expanding their offerings to meet the evolving needs of businesses seeking scalable, cost-effective, and efficient computing solutions.

In conclusion, the global serverless computing market is being propelled by a multifaceted set of drivers, ranging from economic considerations and technical advantages to the evolving landscape of modern software development. As organizations continue to prioritize agility, cost efficiency, and innovation, serverless computing stands as a transformative force shaping the future of cloud computing and application development.



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Key Market Challenges

While the global serverless computing market is experiencing rapid growth, it is not without its set of challenges that organizations must navigate. These challenges span technical, operational, and strategic dimensions, reflecting the complexities inherent in adopting and leveraging serverless architectures. One prominent challenge is the management of serverless functions in a distributed environment. Serverless computing relies on the execution of functions in ephemeral, stateless containers that are automatically managed by cloud providers. While this architecture offers scalability and flexibility, it introduces the challenge of coordinating and monitoring functions across this distributed landscape. Ensuring the seamless execution and interaction of functions becomes crucial, demanding sophisticated tools and strategies for debugging, monitoring, and tracing across a decentralized infrastructure.

Cold start latency is another technical challenge that organizations encounter with serverless computing. When a serverless function is invoked, there can be a delay, known as cold start latency, as the cloud provider initializes the necessary runtime environment. While this delay is typically minimal, it can become a concern for applications with stringent latency requirements. Mitigating cold start latency requires careful optimization of functions, use of warm-up techniques, and consideration of the specific cloud provider's offerings. The lack of control over the underlying infrastructure poses a significant operational challenge. In a serverless environment, developers relinquish control over server provisioning, scaling, and maintenance to the cloud provider. While this abstraction simplifies operations, it can also lead to a sense of reduced control and visibility into the underlying infrastructure. Organizations must adapt their monitoring and troubleshooting strategies to align with the serverless paradigm, relying on cloud provider tools for insights into the performance and health of serverless functions.

Security concerns represent a persistent challenge in the serverless computing landscape. The shared responsibility model between cloud providers and users means that while providers secure the underlying infrastructure, users are responsible for securing their applications and data. In a serverless context, issues such as data leakage, insecure configurations, and inadequate access controls can arise. Ensuring robust security practices, including thorough testing, proper configuration, and access management, becomes imperative to safeguard sensitive information and maintain regulatory compliance. Vendor lock-in is a strategic challenge associated with serverless computing adoption. As organizations embrace a specific cloud provider's serverless offerings, they become intertwined with that provider's ecosystem and proprietary services. This can limit the flexibility to migrate applications seamlessly to another provider or to an on-premises environment. Mitigating vendor lock-in requires careful consideration of interoperability standards, multi-cloud strategies, and the long-term implications of dependence on a particular cloud provider. Cost management poses a challenge, despite the cost-efficiency promised by serverless computing. While organizations only pay for the resources consumed during the execution of functions, the pricing models of cloud providers can be complex, and unexpected spikes in usage or inefficiently designed functions can lead to cost overruns. Implementing effective cost monitoring, optimization practices, and governance mechanisms is essential to prevent budgetary surprises and ensure that the economic benefits of serverless are realized.

Integration challenges also arise as organizations transition to serverless architectures. Existing applications and systems may need to be refactored or redesigned to take full advantage of serverless capabilities. Legacy systems may pose compatibility issues, and integrating serverless functions with on-premises infrastructure or third-party services requires careful consideration of protocols, data formats, and communication patterns. In conclusion, while serverless computing offers compelling advantages, including scalability, cost efficiency, and developer productivity, organizations must address a set of challenges to maximize its benefits. Technical complexities, operational adjustments, security considerations, vendor dependencies, cost management, and integration hurdles collectively represent the multifaceted landscape that businesses must navigate as they embark on their serverless journey. Addressing these challenges requires a holistic approach, involving not only technology solutions but also strategic planning, organizational adaptation, and ongoing vigilance to ensure successful serverless adoption.

Key Market Trends

The global serverless computing market is witnessing a surge in adoption driven by several key trends that reflect the evolving landscape of modern application development and cloud computing. These trends are shaping the market dynamics and influencing how organizations approach the design, deployment, and management of their applications. One prominent trend is the growing emphasis on multi-cloud and hybrid cloud strategies. Organizations are increasingly recognizing the importance of avoiding vendor lock-in and maintaining flexibility in their cloud infrastructure choices. As a result, they are adopting serverless architectures that can seamlessly operate across multiple cloud providers or integrate with on-premises environments. This trend aligns with the broader industry shift towards a multi-cloud approach, allowing businesses to leverage the strengths of different cloud providers and optimize for cost, performance, and redundancy.

Event-driven architectures are at the forefront of serverless computing trends. Serverless platforms are well-suited for event-driven scenarios, where functions are triggered by specific events or changes in the system. This aligns with the microservices paradigm, enabling organizations to build modular, scalable, and responsive applications. The event-driven model enhances agility and responsiveness, making serverless computing a natural fit for applications requiring real-time processing and rapid event handling. Serverless technologies are expanding beyond function-as-a-service (FaaS) to encompass a broader set of services. While FaaS remains a core component of serverless computing, the ecosystem is evolving to include additional managed services that simplify various aspects of application development. These services may include databases, storage, authentication, and other building blocks that developers can leverage without managing the underlying infrastructure. This trend reflects the maturation of the serverless landscape, providing a comprehensive set of tools to address diverse application requirements.

DevOps and serverless computing are becoming increasingly intertwined, driving a trend towards DevOps-oriented serverless development practices. Serverless architectures align well with DevOps principles, emphasizing collaboration, automation, and continuous delivery. DevOps teams leverage serverless platforms to streamline deployment pipelines, automate testing, and accelerate the overall software development lifecycle. This integration enhances the efficiency of development teams and promotes a culture of collaboration between developers and operations. Edge computing is emerging as a significant trend in conjunction with serverless architectures. By deploying serverless functions at the edge, closer to end-users or devices, organizations can reduce latency and improve the performance of applications. This is particularly crucial for applications requiring real-time interactions, such as Internet of Things (IoT) devices, augmented reality, and mobile applications. The combination of serverless and edge computing enables organizations to build responsive and scalable applications that deliver a superior user experience.

Observability and monitoring are gaining prominence in the serverless computing landscape. As organizations transition to serverless architectures, the need for comprehensive monitoring and observability tools becomes critical. Traditional monitoring approaches may need adaptation to suit the distributed and ephemeral nature of serverless functions. Solutions that offer real-time insights into function performance, error tracking, and resource utilization are becoming integral to ensuring the reliability and health of serverless applications.

The rise of serverless application frameworks is streamlining the development and deployment of serverless applications. These frameworks abstract away the complexity of configuring and deploying serverless functions, providing developers with a higher-level abstraction for building applications. Serverless frameworks often include tools for local development, testing, and integration with popular development workflows, contributing to improved developer productivity and faster time-to-market. In conclusion, the global serverless computing market is marked by several key trends that reflect the maturation of the technology and its integration into broader industry practices. From multi-cloud strategies to event-driven architectures, the evolution of serverless computing is reshaping how organizations approach application development, deployment, and operations. As these trends continue to unfold, businesses will increasingly leverage serverless computing to drive innovation, improve agility, and enhance the overall efficiency of their digital initiatives.

Segmental Insights

Service Insights

The Professional segment will dominate the market in the forecast period. The digital era has dramatically accelerated the change and evolution of new products, services, and business models. Enterprises face pressure to release new features and products that meet customers' growing expectations. Serverless architecture offers significant advantages to SMEs in terms of flexibility and reduces overall infrastructure costs.

Significant innovations in the enterprise IT space have enabled business agility and improved resiliency, thereby driving cost-effectiveness. In such scenarios, serverless computing has emerged as a vital element for deploying cloud services and applications across the everchanging business environment. Further, hybrid and multi-cloud use in professional service computing has increased in recent years. For example, when a company wants to free up local resources for more sensitive data or applications, using a hybrid cloud enables it to do so without spending a ton of money on handling a temporary surge in demand.

Moreover, the growth of microservices and serverless computing is fundamentally changing DevOps by blurring the line between development and operations. Organizations are envisioned to scale rapidly in delivering enhanced features through their products and services offering, thereby improving their business values. Further, businesses are moving toward cloud services, adding to the existing competition. However, security remains a significant concern among adopters and cloud service providers, who continuously work with cybersecurity vendors to reduce any risk of cyber-attacks.  

 

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Regional Insights

North america emerged as the dominating region in 2023, holding the largest market share. North America is anticipated to capture the largest market share regarding revenue, owing to rapid advancement in technologies and the presence of various prominent players across the industries such as retail, BFSI, manufacturing, healthcare, and IT & Telecom, boasting of a large user base across the region. Due to high digitalization and high adoption of new cloud computing services by enterprises to remain competitive in the dynamic market and deliver new features and products quickly, they are constantly innovating and adopting new technologies, thereby fueling the market's demand across the region.

Further, a startup called Lightbend Inc. is trying to get around the limitations of the serverless computing model that often prevent its adoption for more complex, data-hungry applications. In June last year, the company announced a new, open-source developer platform called Akka Serverless, which it said would set a new standard for cloud-native application development. As developers assume more responsibility for managing their applications, many are starting to embrace platforms that automate IT infrastructure management on their behalf without intervention from an IT operations team. In June last year, Render, a provider of cloud services that automates DevOps processes, announced it is adding the ability to automatically scale compute and memory resources up and down in real-time as developers require. Such factors would cater to the market growth adoptions.

 

Recent Developments

  • November 2022 - To make it simpler to develop nimble, scalable Java apps using AWS Lambda, the serverless, event-driven computing service in the Amazon cloud, AWS has released AWS Lambda SnapStart for Java.
  • November 2022 - Alibaba, the Chinese e-commerce behemoth looking to restart development after a historical slump, announced that it would invest $1 billion over the next three fiscal years to serve its cloud computing customers.

Key Market Players

  • Amazon Web Services Inc.
  • Microsoft Corp.
  • Google LLC
  • Alibaba Group Holding Limited
  • SAP SE
  • IBM Corp.
  • Iron.io
  • Oracle Corp.
  • Webtask.io
  • VMware Inc.


By Service

By Type

By End User Industry

By Region

Professional

Managed 

Hybrid Cloud

Multi Cloud

IT & Telecommunication  

BFSI  

Retail  

Government 

Industrial  

Other

North America

Europe

Asia Pacific

South America

Middle East & Africa


Report Scope:

In this report, the Global Serverless Computing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Serverless Computing Market, By Service:

o   Professional

o   Managed    

  • Serverless Computing Market, By Type:

o   Hybrid Cloud

o   Multi Cloud    

  • Serverless Computing Market, By End User Industry:

o   IT & Telecommunication  

o   BFSI  

o   Retail  

o   Government 

o   Industrial  

o   Other

 

  • Serverless Computing Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Serverless Computing Market.

Available Customizations:

Global Serverless Computing Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Serverless Computing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Serverless Computing Market

5.         Voice of Customer

6.         Global Serverless Computing Market Overview

7.         Global Serverless Computing Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Service (Professional, Managed)

7.2.2.By Type (Hybrid, Multi-Cloud)

7.2.3.By End-user Industry (End-user Industry (IT & Telecommunication, BFSI, Retail, Government, Industrial, Other)

7.2.4.By Region

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Serverless Computing Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Solution

8.2.2.By Type

8.2.3.By End User Industry

8.2.4.By Country

8.3.    North America: Country Analysis

8.3.1.United States Serverless Computing Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.               By Solution

8.3.1.2.2.               By Type

8.3.1.2.3.               By End User Industry

8.3.2.Canada Serverless Computing Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.               By Solution

8.3.2.2.2.               By Type

8.3.2.2.3.               By End User Industry

8.3.3.Mexico Serverless Computing Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.               By Solution

8.3.3.2.2.               By Type

8.3.3.2.3.               By End User Industry

9.         Europe Serverless Computing Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Solution

9.2.2.By Type

9.2.3.By End User Industry

9.2.4.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Serverless Computing Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.               By Solution

9.3.1.2.2.               By Type

9.3.1.2.3.               By End User Industry

9.3.2.France Serverless Computing Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.               By Solution

9.3.2.2.2.               By Type

9.3.2.2.3.               By End User Industry

9.3.3.United Kingdom Serverless Computing Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.               By Solution

9.3.3.2.2.               By Type

9.3.3.2.3.               By End User Industry

9.3.4.Italy Serverless Computing Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.               By Solution

9.3.4.2.2.               By Type

9.3.4.2.3.               By End User Industry

9.3.5.Spain Serverless Computing Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.               By Solution

9.3.5.2.2.               By Type

9.3.5.2.3.               By End User Industry

9.3.6.Netherlands Serverless Computing Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.               By Solution

9.3.6.2.2.               By Type

9.3.6.2.3.               By End User Industry

9.3.7.Belgium Serverless Computing Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.               By Solution

9.3.7.2.2.               By Type

9.3.7.2.3.               By End User Industry

10.      South America Serverless Computing Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1. By Solution

10.2.2. By Type

10.2.3. By End User Industry

10.2.4.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Serverless Computing Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.            By Solution

10.3.1.2.2.            By Type

10.3.1.2.3.            By End User Industry

10.3.2.     Colombia Serverless Computing Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.            By Solution

10.3.2.2.2.            By Type

10.3.2.2.3.            By End User Industry

10.3.3.     Argentina Serverless Computing Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.            By Solution

10.3.3.2.2.            By Type

10.3.3.2.3.            By End User Industry

10.3.4.     Chile Serverless Computing Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1.            By Solution

10.3.4.2.2.            By Type

10.3.4.2.3.            By End User Industry

11.      Middle East & Africa Serverless Computing Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1. By Solution

11.2.2. By Type

11.2.3. By End User Industry

11.2.4.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Serverless Computing Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.            By Solution

11.3.1.2.2.            By Type

11.3.1.2.3.            By End User Industry

11.3.2.     UAE Serverless Computing Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.            By Solution

11.3.2.2.2.            By Type

11.3.2.2.3.            By End User Industry

11.3.3.     South Africa Serverless Computing Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.            By Solution

11.3.3.2.2.            By Type

11.3.3.2.3.            By End User Industry

11.3.4.     Turkey Serverless Computing Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.            By Solution

11.3.4.2.2.            By Type

11.3.4.2.3.            By End User Industry

12.      Asia Pacific Serverless Computing Market Outlook

12.1. Market Size & Forecast

12.1.1. By Solution

12.1.2. By Type

12.1.3. By End User Industry

12.1.4.     By Country

12.2. Asia-Pacific: Country Analysis

12.2.1.     China Serverless Computing Market Outlook

12.2.1.1.   Market Size & Forecast

12.2.1.1.1. By Value

12.2.1.2.   Market Share & Forecast

12.2.1.2.1.            By Solution

12.2.1.2.2.            By Type

12.2.1.2.3.            By End User Industry

12.2.2.     India Serverless Computing Market Outlook

12.2.2.1.   Market Size & Forecast

12.2.2.1.1. By Value

12.2.2.2.   Market Share & Forecast

12.2.2.2.1.            By Solution

12.2.2.2.2.            By Type

12.2.2.2.3.            By End User Industry

12.2.3.     Japan Serverless Computing Market Outlook

12.2.3.1.   Market Size & Forecast

12.2.3.1.1. By Value

12.2.3.2.   Market Share & Forecast

12.2.3.2.1.            By Solution

12.2.3.2.2.            By Type

12.2.3.2.3.            By End User Industry

12.2.4.     South Korea Serverless Computing Market Outlook

12.2.4.1.   Market Size & Forecast

12.2.4.1.1. By Value

12.2.4.2.   Market Share & Forecast

12.2.4.2.1.            By Solution

12.2.4.2.2.            By Type

12.2.4.2.3.            By End User Industry

12.2.5.     Australia Serverless Computing Market Outlook

12.2.5.1.   Market Size & Forecast

12.2.5.1.1. By Value

12.2.5.2.   Market Share & Forecast

12.2.5.2.1.            By Solution

12.2.5.2.2.            By Type

12.2.5.2.3.            By End User Industry

12.2.6.     Thailand Serverless Computing Market Outlook

12.2.6.1.   Market Size & Forecast

12.2.6.1.1. By Value

12.2.6.2.   Market Share & Forecast

12.2.6.2.1.            By Solution

12.2.6.2.2.            By Type

12.2.6.2.3.            By End User Industry

12.2.7.     Malaysia Serverless Computing Market Outlook

12.2.7.1.   Market Size & Forecast

12.2.7.1.1. By Value

12.2.7.2.   Market Share & Forecast

12.2.7.2.1.            By Solution

12.2.7.2.2.            By Type

12.2.7.2.3.            By End User Industry

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  Amazon Web Services Inc.

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Microsoft Corp.

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Google LLC

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Alibaba Group Holding Limited

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  SAP SE

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  IBM Corp.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Iron.io

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Oracle Corp.

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

16.      Strategic Recommendations

17.   About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Serverless Computing Market was USD 9.03 billion in 2023.

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The Professional segment demonstrated significant dominance in 2023.

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North America dominated the market in 2023.

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Reduced Operational Complexity and Support for Multiple Programming Languages are the major drivers for the Global Serverless Computing Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Serverless Computing Market is expected to grow at a CAGR of 20.98%

Jan, 2024

Event-Driven Architecture and Reduced Operational Complexity are factors driving the Global Serverless Computing Market in the forecast period 2025-2029.

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