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.
The serverless architecture market has experienced rapid growth in recent years, driven by the demand for scalable and cost-effective solutions. Organizations across various industries are increasingly adopting serverless architectures to build and deploy applications without the need to manage the underlying infrastructure. This shift allows businesses to focus more on their core competencies while leveraging the scalability and flexibility offered by serverless computing.
One key driver of the serverless architecture market is the growing adoption of cloud computing services. Cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) offer serverless computing services that enable developers to build and deploy applications quickly and efficiently. These services abstract away the complexity of infrastructure management, allowing developers to focus on writing code and delivering value to their customers..
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Covid 19 impact analysis:
The Global Serverless Architecture Market report, released by SNS Insider, provides the target audience with the key information pertaining to the global Serverless Architecture industry. Our team of experts has performed a detailed analysis of the most vital elements of the Serverless Architecture market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors likely to influence its growth over the forecast duration. The report exhaustively studies the current market scenario and prominent growth opportunities. It comprises a broad database of the Serverless Architecture market dynamics that help in the accurate market estimation over the projected timeline. The report also offers reliable information about the product offerings, wide application range, major market segments, leading market players, company profiles, pricing range, production capacity, revenue generation, technological advancement, and many other elements.
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 report is the latest document offering full coverage of the impact of the COVID-19 outbreak on the Serverless Architecture market. The global health crisis has affected nearly every aspect of this business vertical, alongside adversely impacting the global economy. The research report encompasses the serious effects of the coronavirus pandemic on the Serverless Architecture market and its impact on the key market segments. It further gauges the impact of the COVID-induced restrictions on the leading market players, supply chains, and distribution channels.
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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
Regional Outlook:
The global Serverless Architecture market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Serverless Architecture market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
Key Objectives of the Global Serverless Architecture Market Report:
The report provides the reader with a detailed study of the global Serverless Architecture market, including essential data beneficial for this business sphere.
The key parameters driving and restraining the global market growth, latest product trends, and technological advancements have been discussed by the report’s authors.
The report entails the latest information regarding product development, incorporation of new techniques, and profiles of the key market competitors.
A broad market categorization, based on product type, application gamut, and end-user landscape, has also been included in the report
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