Serverless Architecture Market : A Complete Guide for Investors and Researchers
The Serverless Architecture Market size was USD 9.8 Billion in 2023 and is expected to Reach USD 50.3 Billion by 2031 and grow at a CAGR of 22.6% over the forecast period of 2024-2031.
Serverless architecture has swiftly emerged as a disruptive force in the realm of cloud computing, revolutionizing how applications are developed, deployed, and scaled. The market for serverless architecture continues to burgeon, driven by its promise of reduced operational overhead, improved scalability, and enhanced developer productivity. Organizations across various industries are increasingly adopting serverless solutions to streamline their workflows, accelerate time-to-market, and lower infrastructure costs. This market growth is propelled by the proliferation of serverless platforms offered by major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), which provide a robust ecosystem of managed services and functions-as-a-service (FaaS) offerings.
Moreover, the serverless architecture market is witnessing a paradigm shift in application development practices, with a growing emphasis on event-driven programming models and microservices architectures. This shift is fueled by the inherent scalability and flexibility of serverless computing, enabling developers to focus on building modular, loosely coupled components that can be easily integrated and scaled independently.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Serverless Architecture industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Serverless Architecture market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software, and Twilio. and other players
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Serverless Architecture market.
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It has segmented the global Serverless Architecture market
By Deployment
- Public Cloud
- Private Cloud
By Application
- Real-time File
- Stream Processing
- Web Application Development
- IoT Backend
- Others
By Enterprise Size
- Large Enterprise
- Small and Medium Size Enterprise
By Industry Vertical
- IT
- Telecom
- Healthcare
- Utilities
- BFSI
- Others
Key Objectives of the Global Serverless Architecture Market Report:
- The report conducts a comparative assessment of the leading market players participating in the globalServerless Architecture
- The report marks the notable developments that have recently taken place in the Serverless Architecture industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theServerless Architecture market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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